Press release
Purpose Built Backup Appliance (PBBA) Market 2024 - By Size, Share, Trends Analysis Report And Forecasts To 2033
Purpose Built Backup Appliance (PBBA) Market
As per the report, the purpose-built backup appliance (PBBA) market size has grown strongly in recent years. It will grow from $7.22 billion in 2023 to $7.91 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The purpose-built backup appliance (PBBA) market size is expected to see strong growth in the next few years. It will grow to $11.54 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
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What Is Driving The Growth Of The Global Purpose Built Backup Appliance (PBBA) Market?
Escalating Data Security Threats Drive Demand For Backup Appliances
The increasing data security threats are expected to propel the growth of the purpose-built backup appliance (PBBA) market going forward. Data security threats encompass a wide range of risks and vulnerabilities that can compromise the confidentiality, integrity, and availability of sensitive information. The increase in data security threats is due to expanding attack surface, sophisticated malware and cyber-attacks, ransomware proliferation, supply chain vulnerabilities, and economic incentives. Purpose-built backup appliances (PBBAs) enhance data security by ensuring reliable backup and recovery processes, protecting organizations against various data security threats
What Is The Key Trend In The Global Purpose Built Backup Appliance (PBBA) Market?
Enhanced On Premises Object Storage Solutions Reshape Data Backup Strategies
Major companies operating in the purpose-built backup appliance (PBBA) market are focused on developing innovative solutions to enhance data storage efficiency and scalability, such as on-premises object storage solutions. On-premises object storage refers to storing data as objects in a dedicated local environment, providing scalable and efficient data management within an organization's infrastructure.
How Is The Global Purpose Built Backup Appliance (PBBA) Market Segmented?
The purpose built backup appliance (PBBA) market covered in this report is segmented -
1) By Component: Purpose Built Backup Appliance Hardware, Purpose Built Backup Appliance Software, Purpose Built Backup Appliance Services
2) By System: Integrated Backup Appliance, Target Systems Backup Appliance, Open System Backup Appliance, Mainframe Purpose Built Backup System
3) By Deployment: Cloud Purpose Built Backup Appliances, On-Premise Purpose Built Backup Appliances
4) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Industry Vertical: Banking, Financial, Services and Insurance (BFSI), Telecom And Information Technology, Government, Healthcare, Education, Manufacturing, Travel And Hospitality, Energy And Utility, Other Industry Verticals
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How Is The Competitive Landscape Of The Global Purpose Built Backup Appliance (PBBA) Market?
Major companies operating in the purpose built backup appliance (PBBA) market are Dell EMC, Hitachi Vantara LLC, International Business Machines Corporation, Oracle Corporation, Hewlett Packard Enterprise, Fujitsu Limited, NetApp Inc., Veritas Technologies LLC, Zones LLC, Barracuda Networks Inc., Cohesity Inc., International Data Corporation, Acronis International GmbH, Quantum Corporation, TechTarget Inc., Arcserve LLC, Unitrends Inc., ExaGrid Systems Inc., Axcient Inc., Asigra Inc., STORServer Inc., Data & Storage ASEAN, Commvault Systems Inc., Tenaya Capital, Blocks & Files
Contents Of The Global Purpose Built Backup Appliance (PBBA) Market
1. Executive Summary
2. Purpose Built Backup Appliance (PBBA) Market Report Structure
3. Purpose Built Backup Appliance (PBBA) Market Trends And Strategies
4. Purpose Built Backup Appliance (PBBA) Market - Macro Economic Scenario
5. Purpose Built Backup Appliance (PBBA) Market Size And Growth
…..
27. Purpose Built Backup Appliance (PBBA) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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