Purpose-built Backup Appliance Market

1
MarketsandMarkets Research Private Ltd.
Presents
Purpose-built Backup Appliance (PBBA) Market
worth 8.6 billion by 2024
https//www.marketsandmarkets.com/Market-Reports/p
urpose-built-backup-appliance-market-65028258.html

2
According to the new market research report
"Purpose-built Backup Appliance (PBBA) Market by
Component (Hardware, Software), System
(Mainframe, Open), Enterprise (Large, Small and
Mid-level), Vertical (Telecom IT, BFSI,
Manufacturing, Retail, Healthcare), and Geography
- Global Forecast to 2024", t he purpose-built
backup appliance market is likely to reach USD
8.6 billion by 2024 from USD 5.2 billion in 2019,
at a CAGR of 10.6. The growth of this market can
be attributed to the increasing focus of
companies on data protection and the recovery of
data, stringent regulations for data protection
and data security such as GDPR policy, and the
rising market for IoT. Browse gtgt
65 Market data tables
37 figures 124 pages and
in-depth TOC on Purpose-built Backup Appliance
(PBBA) Market https//www.marketsandmarkets.com
/Market-Reports/purpose-built-backup-appliance-mar
ket-65028258.html Early buyers will receive
10 customization on this report. https//www.mar
ketsandmarkets.com/PressReleases/purpose-built-bac
kup-appliance.asp
3
Hardware component to have higher market share
than software component of the purpose-built
backup appliance market PBBA hardware is
replaced or repaired when get damaged or needs
replacement. The expansion of businesses results
in the implementation of PBBA with increased
capacity. For this purpose, enterprises have to
buy a new purpose-built backup appliance. The
cost of the PBBA is associated with the capacity
of the appliance and features it offers in
backing up and recovery. The higher cost
associated with the hardware as compared to
software has made hardware component to have
higher market share in the purpose-built backup
appliance. Manufacturing vertical to lead the
purpose-built backup appliance market from 2018
to 2024 The purpose-built backup appliance
becomes crucial for processes involved in
manufacturing. There are industrial as well as
government regulations for the protection and
backup of the purpose-built backup appliance in
the manufacturing sector. The manufacturing
vertical is booming in technologically advancing
countries, such as Brazil, China, and India, due
to government support in the form of increasing
foreign direct investment and other initiatives.
These drive the market for manufacturing vertical
to have the highest CAGR during the forecast
period.
https//www.marketsandmarkets.com/Market-Reports/p
urpose-built-backup-appliance-market-65028258.html

4
APAC to be the largest market for purpose-built
backup appliance during the forecast
period APAC is anticipated to be the fastest
growing region for purpose-built backup appliance
market due to the technological innovation and
increasing adoption of the purpose-built backup
appliances in the telecom IT, BFSI, and
manufacturing verticals. Emerging economies in
APAC are growing significantly in the
purpose-built backup appliance market. Growth of
the small mid-level enterprises, booming
manufacturing hub, and presence of telecom IT
giants are driving the growth of the
purpose-built backup appliance market in the
emerging economies, such as China and India.
Major players operating in the purpose-built
backup appliance market are Dell Inc. (US),
NetApp, Inc. (US), IBM Corporation (US), Oracle
Corporation (US), Fujitsu Limited (Japan),
Commvault Systems, Inc. (US), Veritas
Technologies LLC (US), and Hewlett Packard
Enterprise Company (US). Other companies include
Quantum Corporation (US), Barracuda Networks,
Inc. (US), Hitachi Vantara Corporation (US), and
Arcserve LLC (US), among others.
https//www.marketsandmarkets.com/PressReleases/p
urpose-built-backup-appliance.asp
5
About MarketsandMarkets
Research Private Ltd.
MarketsandMarkets provides quantified B2B
research on 30,000 high growth niche
opportunities/threats which will impact 70 to
80 of worldwide companies revenues. Currently
servicing 7500 customers worldwide including 80
of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets
for their painpoints around revenues
decisions. Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high
growth markets following the "Growth Engagement
Model GEM". The GEM aims at proactive
collaboration with the clients to identify new
opportunities, identify most important customers,
write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both
the company and its competitors.
MarketsandMarkets now coming up with 1,500
MicroQuadrants (Positioning top players across
leaders, emerging companies, innovators,
strategic players) annually in high growth
emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
https//www.marketsandmarkets.com/Market-Reports/p
urpose-built-backup-appliance-market-65028258.html

6
Contact Us
Mr. Shelly Singh 630 Dundee Road Suite 430
Northbrook, IL 60062 Tel [phone]Email 
newsletter_at_marketsandmarkets.com MarketsandMarket
s Bloghttp//twitter.com/marketsmarkets
http//www.linkedin.com/company/marketsandmarkets