Purpose Built Backup Appliance Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Businesses today have become largely dependent on data, and events such as cyber-attacks have the potential to damage such critical data. Along with maintaining effective security measures against such cyber-threats, it is also necessary to be prepared with curative measures. A purpose built backup appliance is specially designed for storing the backup data, and restore it to the systems in case of any disaster recovery. A purpose built backup appliance (PBBA) is a disk-based standalone storage solution that is configured only for storing backup data. This solution works completely individually and therefore does not affect the operations of other servers.

MARKET SCOPE

The "Global Purpose Built Backup Appliance Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the purpose built backup appliance market with detailed market segmentation by system, enterprise size, component, end-user, and geography. The report provides key statistics on the market status of the leading purpose built backup appliance market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on system, the global purpose built backup appliance market is segmented into open system and mainframe system.
  
•  on the basis of enterprise size, the market is segmented into small and medium enterprises (SMEs) and large enterprises.
  
•  Based on component, the market is segmented into hardware, software, and services.
  
•  Based on end-user, the market is segmented into BFSI, IT and telecom, government, healthcare, education, manufacturing, travel and hospitality, energy and utility, and others.
  

MARKET DYNAMICS

Drivers:

•  Prevention of cyber-attacks incidences and online attacks on the IT-based systems coupled with large business dependencies on the data for operations is anticipated to be a major driver for the purpose built backup appliance market.
  
•  Also, an increasing number of small and medium enterprises availing the cloud services owing to the lower total cost of ownership (TCO) would further propel the purpose built backup appliance market.
  
•  Strengthening internet infrastructure in the majority of the developing economies and a strong emphasis on the cloud-based services laid down by organizations would provide good opportunities to the players operating in the purpose built backup appliance market.
  

Restraints:

•  Concerns around the security of the data in the cloud services may hinder the growth of the purpose built backup appliance market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The purpose built backup appliance market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the purpose built backup appliance market in these regions.

IMPACT OF COVID-19 ON PURPOSE BUILT BACKUP APPLIANCE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the purpose built backup appliance market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from purpose built backup appliance market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the purpose built backup appliance market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Barracuda Networks, Inc.
  
•  Broadcom
  
•  Commvault
  
•  Dell Inc.
  
•  FUJITSU
  
•  Hewlett Packard Enterprise Development LP
  
•  IBM
  
•  Microsoft
  
•  NetApp
  
•  Oracle
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Purpose Built Backup Appliance Report Scope