Press release
Escalating Data Security Threats Drive Demand For Backup Appliances: Core Growth Enabler in the Purpose Built Backup Appliance (PBBA) Market, 2025
Purpose Built Backup Appliance (PBBA)
What Will the Purpose Built Backup Appliance (PBBA) Industry Market Size Be by 2025?
The market dimension for the purpose built backup appliance (PBBA) has experienced a swift expansion in the past few years. Its value is projected to rise from $7.91 billion in 2024 to $8.71 billion in 2025, signaling a compound annual growth rate (CAGR) of 10.2%. This impressive development in the historical timeframe can be tied to factors such as the surge in data creation, the increasing need for regulatory compliance, heightened consciousness about data security, the proliferation of hyper-converged infrastructure, and the escalated use of sophisticated encryption.
What's the Long-Term Growth Forecast for the Purpose Built Backup Appliance (PBBA) Market Size Through 2029?
The market for purpose built backup appliance (PBBA) is projected to showcase substantial growth in the coming years. It is anticipated to expand to a whopping $12.68 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. The surge in growth during the forecast period could be related to escalating data volumes, growing cybersecurity threats, an increase in remote work, amplified utilization of virtualization technologies, and a rising demand for high-availability options. Key trends throughout the forecast period encompass technological advancements, the shifting preference towards cloud-integrated backup solutions, incorporation of artificial intelligence, assimilation with virtualization platforms, and adoption of hybrid cloud models.
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What Are the Key Growth Drivers Fueling the Purpose Built Backup Appliance (PBBA) Market Expansion?
The rise in data security threats is predicted to stimulate the expansion of the purpose-built backup appliance (PBBA) market in the future. Varieties of risks and vulnerabilities that jeopardize the confidentiality, integrity, and availability of sensitive data are included within these dangers. This rise in data security threats results from an enlarged attack area, intricate malware and cyber-attacks, spreading of ransomware, vulnerabilities of the supply chain, and monetary benefits. Purpose-built backup appliances (PBBAs) heighten data security by guaranteeing reliable backup and recovery operations, shielding organizations from different data security threats. For instance, the Federal Bureau of Investigation confirmed in March 2023, that investment fraud in the US surged from $1.45 billion in 2021 to $3.31 billion in 2022. Consequently, the rising threats to data security are fueling the growth of the purpose-built backup appliance (PBBA) market.
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What Are the Key Trends Driving Purpose Built Backup Appliance (PBBA) Market Growth?
Leading companies in the purpose-built backup appliance (PBBA) sector are concentrating on devising innovative solutions to improve the efficacy and scalability of data storage, including on-premises object storage solutions. This feature allows for the storage of data as objects in a dedicated local setting, which supports scalable and effective data management within a firm's infrastructure. For example, Veeam Software Holding Inc., an American IT company, unveiled Object First in June 2022 to provide on-premises object storage facilities for Veeam backup. Accessible via Amazon S3 protocol and locally possessed, this device boasts immutability, quick recovery, and security features. Remarkably, Object First is fully incorporated with Veeam Backup and Recovery release 12 (VBR12), facilitating backups to be stored unchangeably in under 15 minutes. The technology it employs bears a resemblance to AWS S3 Object Lock for immutability, and can be setup for a span of 999 days.
How Is the 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
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 Companies Are Leading the Charge in Purpose Built Backup Appliance (PBBA) Market Innovation?
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
Which Regions Are Leading the Global Purpose Built Backup Appliance (PBBA) Market in Revenue?
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.
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