The Worldwide Purpose-built Backup Appliance Industry is Expected to Reach $9.54 Billion by 2026
DUBLIN, Jan. 11, 2022 /PRNewswire/ -- The "Global Purpose-built Backup Appliance (PBBA) Market (2021-2026) by Components, Enterprise, System, Industry Vertical, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Purpose-built Backup Appliance Market is estimated to be USD 5.6 Bn in 2021 and is expected to reach USD 9.54 Bn by 2026, growing at a CAGR of 11.25%.
A purpose-built backup appliance (PBBA) is a standalone disk-based storage device designed and configured for backup data storage. Such devices can either be targets for incoming data from a backup program or have tightly integrated backup software into their hardware - in which case they are referred to as an integrated backup appliance. PBBAs, primarily backup data storage devices, usually contain deduplication, encryption, compression, redundant hardware components, and automatic setup and maintenance.
The increased demand for these appliances from the European Union has prompted manufacturers to invest substantially in R&D. The goal is to create a new generation of devices that are easy to control and use while also being considerably more efficient at what they do.
Some of the companies covered in this report are Arcserve, Asigra, Barracuda Networks, Dell EMC, Fujitsu, Netapp, Rubrik, Unitrends, Veritas Technologies, etc.
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
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