Increasing Demand Among the Enterprises for Data Protection & Recovery Infrastructure Driving the Growth of Purpose Built Backup Appliance (PBBA) Market

Globally, the purpose built backup appliance market is expected to grow with a CAGR of 10.5% during the forecast period from 2023 to 2030 The growth of the market is driven by the increasing demand among the enterprises for data protection and recovery infrastructure. As organization are shifting towards digitalization and the digital data among is growing exponentially, the need among the organizations for storage and recovery of the data also rises. This is acting is a major force driving the demand for the purpose built backup appliances among enterprises. 

The integration of advance technologies among the enterprises such as cloud computing, Big Data enterprises mobility is also driving the demand for data recovery solutions among enterprises. However, relatively high cost of the purpose-built backup appliance is acting as a major constraint in the market growth. Moreover, the presence of an alternate solution for the data backup recovery is also restricting the market growth.

Mainframe is Estimated to Grow Significantly During the Forecast Period  

The purpose built backup appliance market is segmented based on the system into mainframe and open system. The open system market accounted for more than 60% share in the PBBA market in 2020. The growth of the market is attributed to capability of the open platform to adapt to any IT platform and infrastructure. Furthermore, the cost effectiveness of the open platform along with the flexibility of the platform is also serving as a major force driving the market growth. However, mainframe platform is estimated to grow significantly during the forecast period due to their efficient storage management solutions.

North America is Leading the Purpose Built Backup Appliance Market       

North America governed the purpose-built backup appliance market with 35% share in the revenue in 2020. The growth of the market is driven by the increasing digitalization among enterprises. The explosive growth of digital data among enterprises is also augmenting the demand for the PBBA market. Furthermore, the growing adoption of cloud computing and data analytics solutions is also fostering market growth.

The key players in the purpose-built backup appliance market are Arcserve LLC, Barracuda Networks Inc, Commvault Systems Inc, Dell Inc, Fujitsu Limited, Hewlett Packard Enterprise Company, Hitachi Vantara Corporation, IBM Corporation, NetApp Inc, Oracle Corporation, Quantum Corporation, and Veritas Technologies LLC.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Purpose Built Backup Appliance market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Purpose Built Backup Appliance market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Purpose Built Backup Appliance market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Purpose Built Backup Appliance market?
• Which is the largest regional market for Purpose Built Backup Appliance market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Purpose Built Backup Appliance market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Purpose Built Backup Appliance market worldwide?