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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Purpose-built Backup Appliance Market (2021 to 2026) - by Components, Enterprise, System, Industry Vertical and Geography - ResearchAndMarkets.com

January 11, 2022 GMT

DUBLIN--(BUSINESS WIRE)--Jan 11, 2022--

The “Global Purpose-built Backup Appliance (PBBA) Market (2021-2026) by Components, Enterprise, System, Industry Vertical, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Purpose-built Backup Appliance Market is estimated to be USD 5.6 Bn in 2021 and is expected to reach USD 9.54 Bn by 2026, growing at a CAGR of 11.25%.

A purpose-built backup appliance (PBBA) is a standalone disk-based storage device designed and configured for backup data storage. Such devices can either be targets for incoming data from a backup program or have tightly integrated backup software into their hardware - in which case they are referred to as an integrated backup appliance. PBBAs, primarily backup data storage devices, usually contain deduplication, encryption, compression, redundant hardware components, and automatic setup and maintenance.

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COVID-19 has been one of the primary drivers of development (surprise). The European Union countries are the primary growth drivers in the purpose-built backup appliance (PBBA) industry. These countries’ governments and companies aim to ensure that their data is freely accessible. They also want to ensure that it is easily accessible. These businesses also want their remote workers to handle this data and information better.

The increased demand for these appliances from the European Union has prompted manufacturers to invest substantially in R&D. The goal is to create a new generation of devices that are easy to control and use while also being considerably more efficient at what they do.

These appliances, however, cannot provide better coverage for physical or virtual workloads. That’s why there is slow growth in the PBBA market.

The Global Purpose-built Backup Appliance (PBBA) Market is segmented based on Components, Enterprise, System, Industry Vertical, and Geography.

Countries Studied

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  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Purpose-built Backup Appliance (PBBA) Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Market Dynamics

Drivers

  • Increasing Enterprise Data Protection, Infrastructure Recovery Awareness
  • Data Protection and Data Security are Governed by Strict Rules and Regulations

Restraints

  • Storage and Backup Technology has a High Cost
  • Availability of Low-Cost Substitutes

Opportunities

  • Increasing Demand for Data Analytics
  • The Expansion of IoT

Challenges

  • Convenient Cloud Storage Options

Companies Mentioned

  • Arcserve
  • Asigra
  • Axcient
  • Barracuda Networks
  • Cohesity
  • CommVault Systems
  • Dell EMC
  • eFolder
  • ExaGrid Systems
  • FalconStor Software
  • Fujitsu
  • Hewlett Packard Enterprise
  • Hitachi Vantara
  • IBM
  • Netapp
  • Oracle
  • Quantum
  • Rubrik
  • STORServer
  • Unitrends
  • Veeam Software
  • Vembu Technologies
  • Veritas Technologies

For more information about this report visit https://www.researchandmarkets.com/r/qd4c2t

View source version on businesswire.com:https://www.businesswire.com/news/home/20220111005846/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE DATA MANAGEMENT

SOURCE: Research and Markets

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PUB: 01/11/2022 10:22 AM/DISC: 01/11/2022 10:22 AM

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