The global market for purpose-built backup appliance can obtain a valuation of USD 10 Billion by 2023, reveals Market Research Future (MRFR). The Purpose Built Backup Appliance Industry has the potential of attaining a growth rate of 15% between 2017 and 2023, which is considered to be the forecast period.
Primary Drivers and Top Barriers
A purpose-built backup appliance can be described as a disk-based storage device, which is standalone in nature. This appliance is configured as well as optimized to store backup data and facilitates advanced protection software, easy-to-deploy, protection storage, fault detection, preconfigured appliance, healing and encryption.
The Purpose Built Backup Appliance Industry is expected to benefit from the rising focus among organizations on data protection as well as recovery infrastructure. In addition, the purpose-built backup appliance market can gain strong support from the strict regulations pertaining to data protection as well as data security from several regulatory bodies like General Data Protection Regulation.
Companies like Oracle Corporation (U.S.), Dell EMC (U.S.), Barracuda Network Inc. (U.S.), Axcient Inc. (U.S.), International Business Machines Corporation (U.S.), are some of the renowned providers of purpose-built backup appliance solution thriving in the market. Dell EMC developed an integrated data protection appliance in June 2017 in order to expand its cloud data protection portfolio. This helps customer ensure the security of the data, and if it is backed up and also protected against outages.
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Purpose-built backup appliance Market Segmentation
The global market for purpose-built backup appliance has been categorized with respect to products, components and end users.
The products types mentioned in the report are mainframe systems, open systems, and others. The open standards of open system enable the enterprises to easily install it, which augments its demand in the market.
The component-wise market segments are software, hardware, services and others. The hardware market can gain better traction compared to the software market, since hardware appliances find extensive use in various enterprises for fast on-premise backup.
Depending on the end users, the market has been segmented into government & defense, retail, healthcare, IT & telecommunications, and others.
The prominent players in the purpose built backup appliance global market are – Dell EMC (U.S.), Oracle Corporation (U.S.), Axcient Inc. (U.S.), Barracuda Network Inc. (U.S.), Arcserve LLC (U.S.), International Business Machines Corporation (U.S.), Hitachi Data Systems Corporation (U.S.), Commvault Systems Inc. (U.S.), Quantum Corporation (U.S.), Hewlett Packard Enterprise Company (U.S.) among others.
Market Research Analysis:
The regions across which the global purpose-built backup appliance market is spread are North America, Asia Pacific (APAC), Europe, and the rest of the world (RoW).
North America is one of the strongest markets for purpose-built backup appliance and has managed to seize the largest share. Supportive government policies for enterprises, soaring awareness about data protection as well as data security among industries like Telecom, IT and BFSI companies are also inducing the growth of the purpose-built backup appliance market in the region.
The Europe market for purpose-built backup appliance can note considerable growth in the near future, on account of the emergence of rigid rules and regulations by the government with respect to data protection along with data security.
APAC can be the fastest growing market for purpose-built backup appliance market during the review period, thanks to the surge in technological innovation coupled with the rising adoption of the purpose-built backup appliances in BFSI, manufacturing and telecom & IT verticals. Emerging countries in the region like India and China have become the most profitable markets for purpose-built backup appliance market, due to the surge in the number of small & mid-level enterprises, flourishing manufacturing hub combined with the presence of renowned telecom & IT companies.
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TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Purpose-Built Backup Appliance Market: By Products
1.3.2 Global Purpose-Built Backup Appliance Market: By Components
1.3.3 Global Purpose-Built Backup Appliance Market: By End Users
1.3.4 Global Purpose-Built Backup Appliance Market: By Region
2 Research Methodology
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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