Purpose-Built Backup Appliance Market: 2020 Growth and Forecast 2023
The global market for purpose-built backup appliance can obtain a valuation of USD 10 Billion by 2023, reveals Market Research Future (MRFR). The market 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 Market 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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The prominent players in the purpose built backup appliance global market are â€“ 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.
Purpose built backup appliance Global Market Segmentation
The global Purpose Built Backup Appliance Market is bifurcated on the basis of products, components, end users and region. The products are segmented into open systems, mainframe systems and others. The components are segmented into hardware, software, services and others. The end users are segmented BFSI, government & defense, IT & telecommunications, healthcare and others. The region includes North America, Europe, Asia Pacific and rest of the world.
Market Research Analysis:
By end-user segment, the purpose-built backup appliance are gaining demand in the market as these solutions are integrated with the backup application. It has ProtectPoint with data domain which offers an alternative to the backup-server-centric approach. It has the ability to scale the performance of the system without overhead for the security, reliability and others.
By Region, MRFR analysis shows that the comprehensive understanding of market dynamics, the global purpose-built backup appliance market is analyzed across key geographies namely North America, Europe, China, Japan, India and among others. In North America region, the purpose-built backup appliance is gaining deman"
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