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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Purpose-Built Backup Appliance (PBBA) Market Outlook
The global purpose-built backup appliance (PBBA) market attained a value of USD 7.09 billion in 2023. The industry is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.9% to reach a value of USD 16.56 billion by 2032 owing to a rising focus of companies on data protection and restoration infrastructure.
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Market Segmentation
Purpose-built backup appliance (PBBA) is a disk-based solution that helps in improving backup processes by decreasing the backup and recovery window across multiple application and operating platforms.
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Purpose-built backup appliance can be segmented based on:
- Components
- Hardware
- Software
- Enterprise
- Small and Mid-level Enterprises
- Large Enterprise
- System
- Mainframe Systems
- Open Systems
- Industry Vertical
- BFSI
- Telecom and IT
- Government
- Healthcare
- Education
- Manufacturing
- Travel and Hospitality
- Energy and Utility
- Others
The EMR report looks into the regional markets of purpose-built backup appliance (PBBA) like the North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The global purpose-built backup application (PBBA) industry is being driven by the continuous advances in backup techniques, a shift to cloud storage, and the large information boom. The industry is further boosted by the growing focus of organisations on data protection and recovery set-up. North America is the leading market because of the growing need for data storage from enterprises. Europe is estimated to grow at a faster pace owing to government rules and regulations regarding data protection and data security such as General Data Protection Regulation. On the other hand, Asia Pacific region is anticipated to be the leading market due to the soaring awareness amongst enterprises concerning data protection, backup, and recovery.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global purpose-built backup appliance (PBBA) market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Dell Technologies Inc.
- Quantum Corporation
- STORServer, Inc.
- Oracle Corporation
- Barracuda Networks, Inc.
- Veritas Technologies, LLC
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Hitachi Vantara Corporation
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Components |
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| Breakup by Enterprise |
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| Breakup by System |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global purpose-built backup appliance (PBBA) market reached a value of USD 7.09 billion in 2023.
The market is likely to grow at a CAGR of 9.9% during the forecast period of 2024 and 2032.
The major drivers of the market include the focus of companies on data protection and restoration infrastructure, growing need for data storage, growing economies, and the growth of small and mid-level enterprises.
Continuous developments in backup technologies and the massive information boom are pushing the global purpose-built backup technology (PBBA) market forward.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major components in the market are hardware and software.
The various enterprises in the market are small and mid-level enterprises and large enterprise.
The system sectors include mainframe systems and open systems.
The major market verticals in the industry are BFSI, telecom and IT, government, healthcare, education, manufacturing, travel and hospitality, energy and utility, among others.
The key players in the industry are Dell Technologies Inc., Quantum Corporation, STORServer, Inc., Oracle Corporation, Barracuda Networks, Inc., Veritas Technologies, LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Hitachi Vantara Corporation and Others.
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