Press release
Key Trends Shaping the Future Purpose Built Backup Appliance (PBBA) Market From 2025-2034: Enhanced On Premises Object Storage Solutions Reshape Data Backup Strategies
Purpose Built Backup Appliance (PBBA)
The growth of the purpose-built backup appliance (PBBA) market is expected to be fueled by the increasing threats to data security. Data security threats, such as sophisticated malware, ransomware, and supply chain vulnerabilities, are on the rise, which has expanded the attack surface for organizations. PBBAs enhance data security by offering reliable backup and recovery, mitigating the impact of these risks. For instance, in March 2023, the Federal Bureau of Investigation reported that investment fraud in the US rose from $1.45 billion in 2021 to $3.31 billion in 2022. As a result, the growing data security concerns are driving PBBA market growth.
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What Is the projected market size and growth rate for the purpose built backup appliance (pbba) market?
The purpose-built backup appliance (PBBA) market is expected to grow from $7.91 billion in 2024 to $8.71 billion in 2025, at a CAGR of 10.2%. Factors contributing to this growth include increased data generation, rising regulatory compliance demands, growing awareness of data protection, and the use of hyper-converged infrastructure.
The purpose-built backup appliance (PBBA) market is expected to grow to $12.68 billion by 2029 at a CAGR of 9.8%. Growth is attributed to increasing data volumes, cybersecurity threats, remote work, and rising virtualization usage. Key trends include cloud-integrated backup solutions, AI, and hybrid cloud models.
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What new trends are reshaping the purpose built backup appliance (pbba) market and its opportunities?
Major companies in the purpose-built backup appliance (PBBA) market are developing solutions such as on-premises object storage to improve data storage efficiency and scalability. On-premises object storage enables organizations to manage data as objects in a local environment for better scalability. For instance, in June 2022, Veeam Software Holding Inc., a US-based IT company, launched Object First, an on-premises object storage device for Veeam backup. It offers immutability, instant recovery, and security features, and integrates with Veeam Backup and Recovery release 12 (VBR12), enabling immutable backups in less than 15 minutes.
What major market segments define the scope and growth of the purpose built backup appliance (pbba) market?
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
Subsegments:
1) By Purpose Built Backup Appliance Hardware: Disk-Based Backup Appliances, Tape-Based Backup Appliances, Integrated Backup Systems, Standalone Backup Appliances
2) By Purpose Built Backup Appliance Software: Backup and Recovery Software, Data Deduplication Software, Replication Software, Encryption and Security Software, Monitoring and Management Software
3) By Purpose Built Backup Appliance Services: Installation and Integration Services, Maintenance and Support Services, Managed Backup Services, Consulting and Training Services, Cloud Integration Services
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Which region dominates the purpose built backup appliance (pbba) market?
North America was the largest region in the purpose-built backup appliance (PBBA) market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the purpose built backup appliance (PBBA) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the purpose built backup appliance (pbba) industry growth?
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
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What Is Covered In The Purpose Built Backup Appliance (PBBA) Global Market Report?
•Market Size Forecast: Examine the purpose built backup appliance (pbba) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the purpose built backup appliance (pbba) market for a structured understanding.
•Key Players Overview: Analyze major players in the purpose built backup appliance (pbba) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the purpose built backup appliance (pbba) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the purpose built backup appliance (pbba) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the purpose built backup appliance (pbba) market.
•Industry Challenges: Identify potential risks and obstacles affecting the purpose built backup appliance (pbba) market.
•Competitive Landscape: Review strategic developments in the purpose built backup appliance (pbba) market, including expansions, agreements, and new product launches.
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