The newly released Purpose-built Backup Appliance (PBBA) Market analysis report by Future Market Insights shows that global sales of Purpose-built Backup Appliance Market in 2021 was held at USD 9.3 Billion. With 10.8% projected growth the market is projected to reach a valuation of USD 29.4 Billion by 2032.
| Attributes | Details |
|---|---|
| Global Purpose-built Backup Appliance Market Size (2022) | USD 10.6 Billion |
| Global Purpose-built Backup Appliance Market Size (2032) | USD 29.4 Billion |
| Global Purpose-built Backup Appliance Market CAGR (2022 to 2032) | 10.8% |
| USA Purpose-built Backup Appliance Market Size (2032) | USd 7.4 Billion |
| Key Companies Profiled | Dell EMC; Oracle Corporation; Axcient Inc.; Barracuda Network Inc.; Arcserve LLC; Veeam Software; Acronis; International Business Machines ; Corporation; Nvidia Corporation; Hitachi Data Systems Corporation; Commvault Systems Inc.; Quantum Corporation; Hewlett Packard Enterprise |
Software is expected to be the highest revenue-generating category, projected to register a CAGR of 11.4% during 2022 to 2032.
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As per the Purpose-built Backup Appliance Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Purpose-built Backup Appliance Market increased at around 12.3% CAGR.
Growing organizational awareness and attention on data protection and recovery infrastructure, rising internet of things, and increasing acceptance of data protection and information security policies and regulations are some of the key drivers augmenting the demand for PBBA. The increasing use of software-based devices in several industrial sectors, as well as quick access, simple setup, and a single point of contact will also drive the growth of the purpose-built backup a service business.
On the other hand, rising need for cloud storage, growing demand for data analytics, and technical improvements in backup appliances in storage-based industries will all contribute to the growth of the purpose-built backup appliance market throughout the forecast period. In January 2022, Dell launched the new Apex Multi-Cloud Data Services offering, which provides file, block, and data security services that enable concurrent access to all major public clouds from a single source of data. Dell also announced Apex Backup Services, a SaaS-based data protection service. It offers end-to-end scalable, secure data protection for SaaS apps, endpoints, and hybrid workloads, as well as centralized monitoring and administration.
The necessity for data privacy and security is becoming more widely recognized as more social and commercial activities are operated online, leading to a higher demand for purpose-built backup appliances. It is particularly concerning if personal information is acquired, used, and disclosed to third parties without customer awareness or consent. Around 137 of the 194 nations have enacted legislation to protect data and privacy. Various countries in Africa and Asia have varying levels of acceptance, with 61% and 57% of nations enacting similar legislation, respectively. Only 48% of the total is accounted for by the least developed countries.
Data centre digitization and cloud computing are projected to fuel demand for PBBA, propelling market development. Cloud-based technology's increasing acceptability at all levels of companies will drive market growth. The rise of the Internet of Things (IoT) industry, as well as severe data privacy and security requirements and legislation such as GDPR (General Data Protection Regulation) in EU, are expected to drive storage device demand and drive market expansion.
The rising popularity of Platform as a Service (PaaS) and cloud computing in small and medium-sized organizations has increased the demand for an effective backup storage device.
The growing need to maintain departmental openness and the ability to access data at any time and from any location has increased demand for PBBA, boosting market development. Organizational inclinations away from traditional techniques, growing demand for automated systems and solutions, and increased organizational awareness of the necessity for data protection and recovery infrastructure are all driving market growth.
Principal Consultant
North America is the most lucrative region with the highest market share. In 2021, North America led the purpose-built backup appliance market, accounting for more than 37% of total sales. The market is being propelled forward by organizational digitization. The growing use of digital data by businesses is increasing demand for the PBBA industry. Furthermore, the rising usage of cloud computing and data analytics solutions is propelling the market growth.
North America is responsible for 40% of worldwide cloud computing growth. SaaS supports businesses by lowering the costs and problems associated with managing the hardware and software required to operate applications. Furthermore, SaaS gives businesses instant access to IoT, data analytics, and AI platforms, supporting them in making business decisions.
The United States is expected to have the highest market value of USD 7.4 Billion by the end of 2032. According to a 2020 cyber security poll, 68% of firms in the United States experienced a ransomware attack and paid the ransom as a result. This has resulted in the development of better cloud storage devices and ransomware has evolved to overcome today's most sophisticated security measures, as 93% of IT service providers report attacks despite deploying anti-malware software. Almost all firms with a backup and disaster recovery plan have dealt with and recovered from ransomware attacks.
Unitrends, a company located in the United States, recognizes the advantages of Linux and can provide a Linux virtual appliance for VMware, Hyper-V, Citrix, and Nutanix, as well as a purpose-built, complete recovery series hardware appliance. While the appliance's modest market share makes it less appealing to hackers, hardening the kernel assists in the development of a more secure system, and further security measures may be performed during installation to limit the number of ports utilized by the device.
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Cloud segment is forecasted to grow at the highest CAGR of over 13.3% during 2022-2032. Cloud backup solutions are a less expensive way to backup and keep your data on the cloud with little or no associated hardware. All of the top cloud service providers provide these services, which are simple to set up and accessible on a pay-as-you-go basis, with support for cloud and hybrid workloads. Managed services are becoming increasingly popular as a means of lowering operating expenses. Their entire control also simplifies backup administration for storage administrators.
For example, PBBA devices have recently been created to solve hybrid data protection problems via speedier data restoration and secondary use cases. The majority of these advancements were driven by evolving market demands and technological innovation.
In the preceding example, the necessity for cloud computing and hybrid systems prompted the development of the PBBA. Unlike cloud gateway devices, which only store data for brief periods of time, PBBAs are designed to keep data intact during the backup. They also allow for faster data restoration.
The Software segment is forecasted to grow at the highest CAGR of over 11.4% during 2022-2032. Software includes Deduplication, Compression, Encryption, Remote Replication and Support interfaces. Among these data deduplication is gaining importance because of its unique properties.
Data deduplication improves storage efficiency and allows businesses to maintain more backup data on disc for longer periods of time. This increases the efficiency of disk-based backups, decreases storage costs, and changes data protection. This is accomplished by comparing new data to previously stored data and minimizing redundancy by sending only unique blocks. This reduces the replication bandwidth.
The Open system supporting purpose-built backup appliances market was responsible for more than 3/5th of the PBBA market in 2021. The market's expansion may be ascribed to the open platform's adaptability to any IT platform and infrastructure. Furthermore, the open platform's cost-effectiveness, as well as its flexibility, is a key driver of industry expansion.
Among the leading players in the global Purpose-built Backup Appliance market are IBM Corporation, Oracle Corporation, Inc., Dell Technology, Hitachi Vantara Corporation, Asigra, Inc. To gain a competitive advantage in the industry, these market players are investing in product launches, partnerships, mergers and acquisitions, and expansions.
Some of the recent developments and mergers and acquisition activities in PBBA Market are as follows:
In September 2021, Hewlett Packard Enterprise announced that it has expanded its StoreOnce line of purpose-built de-duplicating backup appliances with three new versions that increase capacity and transfer speeds. The StoreOnce line is divided into three categories: 36xx low level, 525x mid-range, and 526x high end. These systems compete with Dell EMC's PowerProtect solutions, as well as Exagrid and Quantum DXI.
In December 2021, NVIDIA announced that it will continue to develop the Data Processing Unit with the release of the NVIDIA BlueField-2. The NVIDIA BlueField-2 DPU is positioned as a data centre infrastructure-on-a-chip for enterprise cloud and high-performance computing applications. BlueField-2 combines an NVIDIA ConnectX-6 Dx network adapter with an Arm core set and infrastructure-specific offloads to create purpose-built, hardware-accelerated engines with full software programmability.
In May 2022, Veeam Kasten V5.0, built specifically for Kubernetes, focuses on delivering a complete risk management approach, improved CI/CD pipelines, and other ecosystem development components that optimize and de-risk Kubernetes investments. All of these enhancements are designed to assist the growing Kubernetes community run cloud native apps more efficiently and securely.
In February 2019, The SDI Appliance from Acronis is the company's first hyper-converged solution. It is a purpose-built backup system, designed primarily to serve as a storage target for its backup and restore cloud services. This programme integrates hyper-converged infrastructure (HCI) with cyber security and is built on Acronis Software-Defined Infrastructure (SDI) software that has been updated and pre-configured.
Similarly, recent developments related to Purpose Built Backup Appliance Software Companies in Purpose-built Backup Appliance services have been tracked by the team at Future Market Insights, which are available in the full report.
The global Purpose-built Backup Appliance Market is worth more than USD 9.3 Billion at present.
The value of the Purpose-built Backup Appliance Market is projected to increase at a CAGR of around 10.8% during 2022 to 2032.
Value of Purpose-built Backup Appliance Market increased at a CAGR of around 12.3% during 2017 to 2021.
Enhanced data protection and security strategy, enhanced organizational focus and understanding on data protection and recovery infrastructure, stands as the key trend in the Purpose-built Backup Appliance market.
The market for Purpose-built Backup appliances Market in the US is projected to expand at a CAGR of around 8.1% during 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Deployment 5.1. Cloud 5.2. On to premise 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component 6.1. Software 6.1.1. Deduplication 6.1.2. Compression 6.1.3. Encryption 6.1.4. Remote Replication 6.1.5. Support interfaces 6.2. Professional Services 6.2.1. Installation and Integration 6.2.2. Support and Maintenance 6.3. Ambulatory Surgery Centers 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By System 7.1. Integrated System 7.2. Target Systems 7.3. Open System 7.4. Mainframe Systems 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Enterprise Size 8.1. Small & Medium Enterprises (SMEs) 8.2. Large Enterprises 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry Vertical 9.1. BFSI 9.2. Telecom and IT 9.3. Government 9.4. Healthcare 9.5. Education 9.6. Manufacturing 9.7. Travel and Hospitality 9.8. Energy and Utility 9.9. Others 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. MEA 11. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Dell EMC 18.2. Oracle Corporation 18.3. Axcient, Inc. 18.4. Barracuda Network Inc. 18.5. Arcserve LLC 18.6. Veeam Software 18.7. Acronis 18.8. International Business Machines Corporation 18.9. Nvidia Corporation 18.10. Hitachi Data Systems Corporation 18.11. Commvault Systems Inc. 18.12. Quantum Corporation 18.13. Hewlett Packard Enterprise 19. Assumptions & Acronyms Used 20. Research Methodology
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Purpose-built Backup Appliance (PBBA) Market
