Purpose-Built Backup Appliance Industry,Size - Technologies, Applications, Strategies & Forecast 2030

 Market Analysis

Market Research Future (MRFR) projects the global Purpose-Built Backup Appliance market to touch

USD 10 billion at a CAGR of 15% from 2017 to 2023 (forecast period).

The purpose-built backup appliance offers a better solution for the protection storage, protection

software, easy-to-deploy, pre-configured appliance, encryption, fault detection, healing, and others.

These appliances' limitations include their extensive coverage for physical and virtual workloads, as

well as support for a diverse application ecosystem and numerous hypervisors. These coverages are

extended to the cloud, together with native cloud-tiering, and can be used for long-term retention in

the private or public cloud. It also provides data duplication, which allows for more efficient data

protection.

The rise in awareness and focus of enterprises on data protection and recovery infrastructure,

stringent rules and regulations governing data protection and data security, and rise in IoT use in the

purpose-built backup appliance market are some of the key reasons driving the market growth.

On the other hand, the high cost of storage and backup technology, as well as the availability of cost-

effective alternatives, are projected to hamper the worldwide purpose-built backup appliance

market growth.

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COVID-19 Impact on the Global Purpose-Built Backup Appliance Market

COVID-19 is an incomparable global public health emergency that has impacted practically every

industry, with long-term repercussions expected to impact industrial growth during the forecast

period.


Market Segmentation

The global purpose-built backup appliance industry has been bifurcated on the basis of products,

components, and end-users. 

Based on the product, the global purpose-built backup appliance market has been bifurcated into

open systems, mainframe systems and others. 

Based on components, the global purpose-built backup appliance market has been bifurcated into

hardware, software, services and others. 

Based on end-users, the global purpose-built backup appliance market has been bifurcated into

retail, government & defense, IT & telecommunications, healthcare and others. 


Regional Analysis

The regional analysis of the global purpose-built backup appliance market is being studied for

regions such as Asia Pacific, North America, Europe and the Rest of the World.

North America is one of the world's top regions in terms of market share in the purpose-built backup

appliance market, with a deduplication rate of 55:1 for data stored both on-premise and in the

cloud. The market for purpose-built backup appliances in Europe is likely to increase rapidly in the

coming years. Asia Pacific countries such as China, Japan, and India, on the other hand, are a rising

market for purpose-built backup appliance market and are predicted to have the greatest CAGR in

the coming years.


Key Players

The prominent players in the worldwide purpose-built backup appliance market are – Dell EMC

(U.S.), Barracuda Network Inc. (U.S.), Oracle Corporation (U.S.), Axcient Inc. (U.S.), Arcserve LLC

(U.S.), International Business Machines Corporation (U.S.), Commvault Systems Inc. (U.S.), Hitachi

Data Systems Corporation (U.S.), Hewlett Packard Enterprise Company (U.S.), Quantum Corporation

(U.S.), among others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/purpose-built-backup-

appliance-market-4206


Summary

The global purpose-built backup appliance market is set to touch USD 10 billion at a CAGR of 15%

from 2017 to 2023 (forecast period). Increased awareness and focus of enterprises on data

protection and recovery infrastructure, tight rules and regulations governing data protection and

data security, and increased usage of IoT in the purpose-built backup appliance market are some of

the main reasons boosting the market growth. On the other hand, the high cost of storage and

backup technology, as well as the availability of cost-effective substitutes, are projected to restrict

the growth of the global purpose-built backup appliance market.


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New York, New York 10013,

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