Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on purpose-built backup appliance market provides
in-depth analysis of segments and sub-segments in the global as well as
regional purpose-built backup appliance market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
purpose-built backup appliance market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecasts, and dollar
values of the global purpose-built backup appliance market. According to the
report, the global purpose-built backup appliance market is projected to grow
at a CAGR of 10.8% over the forecast period of 2020-2026.
Purpose-built backup appliances
(PBBAs) have been initial components to many organizations' backup/recovery
infrastructure for over a decade. A PBBA is easy to configure such that
plug-and-play by design and it can be added to any existing IT infrastructure.
Normally, PBBAs probable set up as a target for backup data, with backup
software running on a host server to schedule backups, initiate data transfers,
and automated restores. In the case of an integrated backup appliance, that
software is previously built into the backup hardware. PBBAs have become a
cornerstone data protection technology for many organizations that are seeking
to optimize and simplify backup and restore operations.
Increasing Awareness and Focus of
Enterprises on Data Protection and Recovery Infrastructure is the primary
driving factor for the purpose-built backup appliances market. Enterprise data
protection is one of the most significant tasks for IT teams in both large and
small organizations. Nowadays, companies are relying on data more than ever,
thus security against loss, theft, and corruption is vital to success.
Companies must remain vigilant to safeguard their assets due to the rise of
data breaches. Failure to stay ahead of data threats will lead to breaches,
tarnished reputations, and financial losses. For years, companies have to pay
attention only to perimeter security to thwart data threats. Furthermore,
stringent rules and regulations about data protection and data security, and
growth of the IoT market are also driving the market growth. However, the high
cost associated with storage and backup technology is restraining market
growth. Moreover, the increasing need for data analytics provides growth
opportunities to market players. The effects of COVID-19 have been quick and
substantial on global data monetization. The pandemic has resulted in being a
major disrupter, shifting the global dynamics. Manufacturing companies around
the world are now focusing on developing plans to reduce the aftershocks of
this pandemic. The pandemic has led to large-scale distress to supply bases,
assembly plant closures, and further downshift to the declining consumer
demand.
Among the regions, North American
accounted for the largest market share for purpose-built backup appliances.
This region is identified as the major adopter of emerging technologies such as
big data analytics, IoT, and BI tools. The presence of numerous market players in
this region is also driving the demand for the product. The Asia Pacific region
is the fastest-growing market for PBBA. The technological innovation and
increasing adoption of data protection and data security policies in telecom
& IT, BFSI, and manufacturing verticals are increasing demand for PBBA in
this region. The growing technological advancement is influencing the market
growth in the Asia Pacific and Europe.
The report on global purpose-built
backup appliance market covers segments such as component, enterprise size, and
end user. On the basis of components, the sub-markets include hardware, and
software. On the basis of enterprise size, the sub-markets include large
enterprises and small and medium enterprises. On the basis of end user, the
sub-markets include IT and telecommunication, BFSI, manufacturing industries,
hospitality industry, government, healthcare, and others.
The report provides profiles of
the companies in the market such as 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.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the purpose-built backup appliance market. Moreover, the study
highlights current market trends and provides forecasts from 2020-2026. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.