The Global Purpose-Built Backup Appliance (PBBA) Market is Projected to Reach US$5.4 Billion by 2024
Growing Focus of Enterprises
on Improving Backup Performance Drives Growth in the Global Purpose-Built
Backup Appliance (PBBA) Market, According to a New Report by Global Industry Analysts,
Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Purpose-Built Backup
Appliance (PBBA) market. Global Purpose-Built Backup
Appliance (PBBA) market is projected to reach US$5.4 billion by 2024, driven by the growing focus
of enterprises on improving backup performance.
In
the present day information-driven world where data volumes continue to grow at
an exponential rate, enterprises are struggling to address the ever growing
need for effective protection, backup and recovery of data. Backup performance
of most enterprises is being adversely affected by below-par performance, with
backups exceeding the allotted window times, driving companies to take a relook
at their backup strategies. The data protection and recovery strategies of
businesses are also being transformed by the growing need to enhance
effectiveness of data protection and disaster recovery processes. Against this
backdrop organizations are shift towards disk-based data protection
technologies, including purpose-built backup appliances (PBBAs) for their
backup needs. A Purpose-Built Backup Appliance (PBBA) refers to an all-in-one
appliance, comprising server, storage, backup software, deduplication and
operating system, all provided by a single vendor. With PBBA implementations,
organizations gain better visibility and control over storage environments,
while reducing capital and operating costs. As IT departments focus on the
aspect of doing more with less, PBBAs are considered to be an ideal fit for
enterprise functioning.
Growth
in the global PBBA market is being driven by the escalating need for faster
backup and recovery of data in enterprise settings. Growing need to protect
business-critical information and prevent any instances of data loss/leakage,
while also not relying excessively on any specific storage device, translates
into substantial growth opportunities for the PBBA market. As businesses
continue to expand operations globally, demand for devices such as PBBAs is on
the rise to prevent data loss and enable efficient back up of data. Rising
prominence of PBBA systems in data protection strategies of end-users and
growing focus on effectively using the available storage capacity is also
fostering demand for PBBAs. Advancing software capabilities, which enable
improved flexibility, file sharing, data analytics, and data tiering
capabilities, and increased adoption across various regional markets are also
propelling demand for PBBAs.
World
market for purpose built-backup appliance (PBBA) is also being propelled by the
growing demand for virtualization in the IT sector. The recent years have seen
significant increase in demand for network virtualization and data center
virtualization in order to address the rising needs of the IT industry. This is
further enhancing demand for PBBA services and solutions, as these are based on
virtualized networking and storage services. The recent years have also seen
strong demand for integrated backup appliances in organizations. Such
integrated backup appliances assist enterprises in storing data in both physical
and virtual environments. Due to the use of integrated backup appliances,
organizations in the two environments can avoid the need to deploy separate
data duplication software solutions for each setting.
As
stated by the new market research report on Purpose-Built
Backup Appliance (PBBA), Europe represents the largest market worldwide. European PBBA market
is being driven by the growing move of organizations to renew disaster recovery
solutions through the use of backup appliances. The deployment of PBBA systems
and solutions also aids in saving costs, since these systems can extend the companies’
existing data protection hardware and software as well as investments by
eliminating the need for any change. Asia-Pacific is forecast to register the
fastest CAGR of 10.1% over the analysis period.
Major
players in the market include Arcserve LLC, Asigra Inc., Barracuda Networks
Inc., CommVault Systems Inc., Dell EMC, eFolder Inc., ExaGrid Systems Inc.,
FalconStor Software Inc., Fujitsu Ltd., Hewlett Packard Enterprise Company,
Hitachi Vantara Corporation, International Business Machines Corporation,
NetApp Inc., Oracle Corporation, Quantum Corporation, STORServer Inc.,
Unitrends Inc., Veeam Software, Vembu Technologies Inc., and Veritas
Technologies LLC, among others.
The
research report titled “Purpose-Built Backup
Appliance (PBBA): A Global Strategic Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other
strategic industry activities of global companies. The report provides market
estimates and projections for all major geographic markets such as the US,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of
Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil
and Rest of Latin America) and Rest of World.
For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com
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