Purpose-Built Backup Appliance Market to Grow with a CAGR of 10.8% Over the Forecast Years

Purpose-Built Backup Appliance Market to Grow with a CAGR of 10.8% Over the Forecast Years


Purpose-built backup appliances provide IT organizations with a solution to frequent problems related to backup/recovery operations as well as get better service-level delivery for data to restore and availability. Backup and disaster recovery capabilities are critical for any organization. PBBA offers a way to flexibly and simply add high-reliability backups for every organization. in the beginning, PBBAs were replacements for tape storage. Numerous organizations switched to disk-based appliances above the past two decades and the PBBA market enjoyed strong.

 

The ongoing COVID-19 pandemic has caused disruptions in almost all economies in the world. It is likely to cause supply chain chaos and ultimately force major players and intact industries to rethink and adapt to the global supply chain model. Additionally, the COVID-19 pandemic has also caused a sharp drop in employment and economic growth and caused extensive disturbance of the economy of numerous countries. However, as numerous countries are providing economic packages to fuel the economy amid the COVID-19 pandemic, the purpose-built backup appliance market is likely to gain momentum over the middle term and long term. Supply chain disruptions will be witnessed due to lockdown in many countries which is also expected to cause serious impacts on businesses. Major component producer countries for vehicles such as the USA and China have been severely hit by COVID 19, resulting in a strict lockdown and shutting down the manufacturing industry for a short period. Infinium Global Research’s recent report on the “Purpose-built backup appliance Market (By Component (Hardware and Software), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By End-users (IT and Telecommunication, BFSI, Manufacturing Industries, Hospitality Industry, Government, Healthcare, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2026” provides a comprehensive outline of the factors responsible for the growth of the market.

 

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IT and Telecommunication Segment to Remain the Largest Preferred End User for Purpose-built Backup Appliance

PBBAs represent about one-third of the total spent by IT organizations on backup/recovery hardware and software infrastructure. Purpose-built backup appliances provide IT organizations with a solution to frequent problems related to backup/recovery operations as well as get better service-level delivery for data to restore and availability. It remains relevant in cloud environments by providing both speedy on-premises restore and data replication to the cloud. There are several large players in the telecom & IT sector such as AT&T, Airtel, Cognizant, Sprint, Accenture, TCS, and Infosys who has a huge turnover. Their businesses and presence are spread across the globe. Market dynamics are forcing telecom companies to change or evolve continuously as there is intense competition. The majority of the Telecom & IT companies are relying on open system IT architecture. Thus, the adoption of open system architecture by telecom & IT, manufacturing, retail, and healthcare verticals has increased that drives the market for the open system PBBAs. The report on the “Global purpose-built backup appliance market” offers an in-depth analysis of the segments such as Component (Hardware and Software), Enterprise Size (Large Enterprises, Small and Medium Enterprises), End-users (IT and Telecommunication, BFSI, Manufacturing Industries, Hospitality Industry, Government, Healthcare, and Others).

 

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North America to Be the Dominant Region in Purpose-built Backup Appliance Market

As per the geographic trends, the North America region is expected to have the largest revenue in the Global Purpose-Built Backup Appliance Market. The domination of North American in the global market is mainly due to the countries such as the U.S and Canada, which have the most advanced technological infrastructure. The growing adoption of cloud-based solutions by several organizations has led to a higher demand for purpose-built backup appliances. Additionally, the presence of a large number of IT firms in North America is also contributing to the growth of purpose-built backup appliances in the North American region. The Asia Pacific has the second-largest share in the purpose-built backup appliance market, particularly in Japan & China are anticipated to increase significantly by 2025.

 

Companies Operating in the Purpose-Built Backup Appliance Market Focusing on Product Innovation

The competitive landscape of the purpose-built backup appliance market is moderately fragmented owing to the presence of several market players across the globe. The increasing adoption of purpose-built backup appliances for data storage and a massive increase in data generation is expected to boost the market. Consequently, the market players are making numerous innovations to supply enhanced solutions in the market as compared to their rivals and expand maximum market traction. The key market players in the market are Fujitsu Limited, CommVault Systems, Inc, Oracle Corporation, Dell Technologies, International Business Machines Corporation, Symantec Corporation, Quantum Corporation, Barracuda Network Inc. (Thoma Bravo, LLC), Hewlett Packard Enterprise Company, and Hitachi Ltd. These players are focusing on new product launch strategies. For instance, in February 2019, Fujitsu introduced a new licensing option for its all-in-one backup solution – Fujitsu Storage ETERNUS CS200c. These will assist the customers in terms of easier incorporation of the backup appliance, further offering the greatest licensing flexibility and investment protection.


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