According to Future Market Insights’ recently published Purpose-built Backup Appliance (PBBA) Market study report, global sales of purpose-built backup appliances were estimated to reach US$ 9.3 billion in 2021. By 2032, the market is anticipated to grow at a 10.8% CAGR and reach a value of US$ 29.4 Bn. Software is anticipated to generate the most income, with a CAGR of 11.4% predicted between 2022 and 2032.
A purpose-built backup appliance (PBBA) is a disk-based storage device specifically designed for backup and recovery. It is a standalone device that provides a complete backup and recovery solution in a single package, including hardware, software, and storage media.
The global PBBA market is expected to experience significant growth in the coming years, driven by the increasing adoption of PBBA solutions among enterprises, the need for efficient data protection, and the increasing amount of data generated by organizations. The PBBA market can be segmented based on deployment type, end-users, and geography.
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Key Takeaways from the Market Study
- Global Purpose-built Backup Appliance (PBBA) Market is expected to reach a market size of US$ 10.6 Bn by 2022.
- The Software segment, is expected to have the highest CAGR rate of 11.4% during the forecast period.
- United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 4 Bn during 2022 – 2032.
- The market in China is set to experience the highest CAGR of 17.2% during the 2022-2032 forecast period.
“During the projected period, the rise in the demand for data protection and data security as well as the increased prospects in cloud computing software are some of the key drivers in raising the Purpose-built Backup Appliance market revenue.” comments a Future Market Insights analyst.
Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Purpose-built Backup Appliance Market are focused on R&D to produce innovative technological solutions.
- In March 2022, Microsoft Corporation announced that its customers will enjoy unlimited access to a new Azure region in North China, adding the fifth Azure region to the China market and doubling the capacity of Microsoft’s intelligent cloud portfolio in China. The new Azure region will strengthen Microsoft’s capabilities to allow and empower innovation, development, and the discovery of possibilities across the company, ecosystem, and a sustainable future.
- In December 2021, Dell introduced DD6400, which is a contemporary backup device designed for commercial clients, small businesses, and big organizations with remote installations. They stated that the DD6400 would support the Dell EMC PowerProtect Cyber Recovery solution, putting cyber security at the forefront of the IT ecosystem. The DD6400 has a hardware-assisted compression card that boosts logical capacity per TB by 30%, yielding a 65x data deduplication ratio.
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Purpose-built Backup Appliance (PBBA) Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Purpose-built Backup Appliance (PBBA) Market by Deployment (Cloud, On-Premise), By Component (Software, Professional Services), By System (Integrated, Target, Open, Mainframe), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By Industry Vertical (BFSI, Telecom and IT, Government, Healthcare, Education, Manufacturing, Travel and Hospitality, Energy and Utility, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Market Segments Covered in Purpose-built Backup Appliance Market Analysis
By Deployment:
- Cloud purpose-built backup appliances
- On-Premise purpose-built backup appliances
By Component:
- Purpose Built Backup Appliance Hardware
- Purpose Built Backup Appliance Software
- Deduplication
- Compression
- Encryption
- Remote Replication
- Support interfaces
- Purpose Built Backup Appliance Services
- Installation and Integration
- Support and Maintenance
By System:
- Integrated Backup Appliance
- Target Systems Backup Appliance
- Open System Backup Appliance
- Mainframe Purpose Built Backup System
By Enterprise Size:
- Small & Medium Enterprises (SMEs)
- Large Enterprises
By Industry Vertical:
- BFSI (Banking, Financial, Services and Insurance)
- Telecom and IT
- Government
- Healthcare
- Education
- Manufacturing
- Travel and Hospitality
- Energy and Utility
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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