According
to a new market report published by Transparency Market Research, the
global
purpose-built backup appliance (PBBA) market was valued at
US$ 3,427.9 Mn in 2016 and is expected to expand at a CAGR of 9.3%
from 2018 to 2026, reaching US$ 8,114.6 Mn by the end of the forecast
period. According to the report, North America was the largest
contributor in terms of revenue to the purpose-built backup appliance
(PBBA) market in 2016.
Increasing need for data storage and
protection drives the purpose-built backup appliance (PBBA) market
Purpose-built backup appliance (PBBA) is a
complete backup and recovery solution that includes software
solutions such as file systems, disk systems, and object storage.
Purpose-built backup appliance (PBBA) solutions are specifically
designed for enterprises to protect enterprise data for backup and
recovery. Moreover, these solutions are used to store and protect
enterprise information in data centers or on hosted storage systems.
Purpose-built Backup Appliance (PBBA)
Market: Scope of the Report
The global market for purpose-built backup
appliance (PBBA) has been segmented on the basis of system,
component, enterprise size, industry vertical, and region. Based on
system, the market is segmented into open and mainframe. In terms of
component, the PBBA market is bifurcated into product type, software,
and professional services. The product type component is further
divided into virtual appliances and physical appliances. Professional
services are sub-segmented into installation and integration, and
support and maintenance.
In terms of enterprise size, the market has been
fragmented into small & medium enterprises (SMEs) and large
enterprises. Large enterprises segment is estimated to account for
the largest market share due to rise in adoption of purpose-built
backup appliances in large enterprises for storage purposes. The
market has been segmented based on industry vertical into BFSI
(Banking, Financial Services and Insurance), telecom and IT,
government, healthcare, education, manufacturing, travel and
hospitality, energy and utility, and others (retail, media and
entertainment etc.).
Geographically, the global purpose-built backup
appliance (PBBA) market has been divided into North America, Asia
Pacific, Europe, South America, and Middle East & Africa. North
America dominates the global purpose-built backup appliance (PBBA)
market. This is due to enterprises in this region adopting purpose
built backup solutionsas it provides better protection storage and
protection software. The market in Europe is expected to expand at a
rapid rate due to government rules and regulations about data
protection and data security such as GDPR (General Data Protection
Regulation). The Asia Pacific region is expected to register the
highest growth dueto increase in awareness among enterprises about
data protection, backup, and recovery. Markets in Middle East &
Africa and South Africa are anticipated to grow at a slow rate.
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