Global Purpose-built Backup Appliance Market 2017-2021

Overview of the global purpose built-backup appliance market

Technavio's market research report identifies that the rising demand for virtualization in IT the industry will be one of the primary growth drivers for the global purpose built-backup appliance market till 2021. The growing demand for data center virtualizations and network virtualizations is increasing to meet the requirements from IT industry. The demand for virtualization has increased the demand for PBBA solutions and services which is based on virtualized storage and networking services. The vendors are providing these storage virtualization and networking virtualization in various sectors such as BFSI and healthcare. According to our industry research analysts, this market will grow at a CAGR of around 11% by 2021.

The increasing demand for integrated backup appliances in one the latest trend among the organization in the recent times. These appliances help enterprises to store data in physical or virtual environments. These environments will avoid the need to implement separate data duplication software solutions. These integrated backup appliance solutions are an automation and pre-defined software solutions in PBBA systems. For instance, Commvault, provides region specific integrated backup appliance solutions for enterprises. Due to the growing popularity, the companies are collaboration with storage firms to provide services in the developing regions of Asia.

Competitive landscape and key vendors

The presence of many vendors in the market which appears to be highly competitive. According to the purpose-built backup appliance market reserach report, to sustain this competition, the vendors are competing on the basis of prices and services. Additionally, the vendors are also adopting cloud-based innovative cloud-based solutions with added features. The larger players are forming strategic alliance which will widen their product portfolio and geographical reach.

The leading vendors in the market are -

• Dell EMC
• HPE
• IBM
• Oracle
• Quantum

The other prominent vendors in the market are Actifio, Barracuda Networks, Commvault, Egnyte, ExaGrid, FalconStor Software, FUJITSU, Hitachi Data Systems, iomart Group, Iron Mountain, NetApp, NTT DATA,m RACKSPACE, Veritas Technologies, Verizon, and Zetta.

Segmentation by end-user and analysis of the purpose built-backup appliance market

• BFSI
• Telecom
• Healthcare
• Retail

According to the purpose-built backup appliance market forecast, the BFSI segment accounted for the major shares in this market as it ensures the smooth functioning of this segment. The segment is highly regulated, which are used for storage and back-up and also as a recovery solutions under norms. The organizations using distributed ledger technologies, such as blockchain, which requires highly reliable and robust PBBA systems to manage the online trading of Bitcoin.

Geographical segmentation and analysis of the purpose built-backup appliance market

• Americas
• APAC
• EMEA

This PBBA market analysis estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The rising adoption of cloud based storage and backup solutions among SMEs and large enterprises will be the major factor influencing the purpose-built backup appliance market share in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global purpose built-backup appliance market?
• What are the key market trends impacting the growth of the global purpose built-backup appliance market?
• What are the challenges to market growth?
• Who are the key vendors in the global purpose built-backup appliance market?
• What are the market opportunities and threats faced by the vendors in the global purpose built-backup appliance market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global purpose built-backup appliance market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the ICT industry follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions like IT hardware. This upcoming industry research report on the global purpose-built backup appliance market offers insights into the major trends and evolving drivers persuading the growth of the IT hardware industry.

Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep up to speed with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various IT hardware products and services and offers a comprehensive picture of the global purpose-built backup appliance market for the estimated period of 2017-2021.

This upcoming market research report on the global purpose-built backup appliance market also covers vendors like Symantec, Arkeia, FalconStor, HP, Dell-EMC, IBM, and CommVault. Additionally, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global purpose-built backup appliance market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for global purpose-built backup appliance market also categorizes the important drivers, latest trends, as well as the constraints that the IT hardware sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic overview of the upcoming events within the ICT industry. Technavio also offers insights into the sectors such as ITO and BPO and data center.

Our market research methodology for the purpose-built backup appliance market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.