Purpose-built Backup Appliance (PBBA) Market worth $8.6 billion by 2024 with a growing CAGR of 10.6%

Posted October 25, 2019 by nareshkumar

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
The purpose-built backup appliance market is expected to grow from USD 5.2 billion in 2019 to USD 8.6 billion by 2024, at a CAGR of 10.6%. The purpose-built backup appliance is used to take the backup of enterprise data. The market for the purpose-built backup appliance is driven by the rising awareness and focus of enterprises to protect their business data and recover it using this tool, growing adoption of IoT, and stringent rules & regulation such as GDPR to protect the data and offer security.

Dell (US), Veritas (US), and HPE (US) are the leading players in the purpose-built backup appliance market. Other prominent companies in the purpose-built backup appliance market include NetApp, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Fujitsu Limited (Japan), Commvault Systems, Inc. (US), Quantum Corporation (US), Barracuda Networks, Inc. (US), Hitachi Vantara Corporation (US), and Arcserve LLC (US).

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Dell (US) is one of the world’s largest information technology companies that is held privately. The company offers a variety of products and services, including desktop personal computers (PCs), tablets, servers, networking products, storage, mobility products, software and security, and IT-related services. In September 2016, Dell acquired EMC (US), a leading company in storage infrastructure and converged systems. This acquisition was aimed at addressing the challenges faced by companies in technology shifts for servers and storage. The addition helped Dell to grow its business in next-generation data storage products and solutions with the expertise and extended portfolio of EMC, which include world-class flash storage, converged systems, cloud infrastructure, as well as enterprise backup solutions, such as purpose-built backup appliances.

Veritas (US) develops and delivers backup and recovery, business continuity, information governance, and software-defined storage products to its global clientele. The company specializes in information management, data management, information governance, cloud, backup and recovery, business continuity, software-defined storage, open stack, and data privacy. Data insight offering of the company provides analytics, tracking, and reporting of the unstructured data, thus, providing necessary information to organizations to help them deliver organizational accountability related to file use and security. Data insight integrates archiving and security solutions to prevent data loss and ensure policy-based data retention. The company has an extensive product portfolio in the purpose-built backup appliance market. Veritas has a significant presence across the world, with its customers mainly concentrated in the Americas, Asia Pacific, Europe, and Africa.

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HPE (US) is the world’s leading technology solution provider. The company offers a variety of products, services, and solutions to its customers to build a secure, cloud-enabled, and mobile-ready future. The company operates in the following business segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. Hybrid IT offers a broad portfolio of services-led and software-enabled infrastructure and solutions, including secure software-defined servers, storage, data center networking, and HPE Pointnext services. Intelligent Edge comprises enterprise networking and security solutions for businesses of any size, offering secure connectivity for campus and branch environments, operating under the Aruba brand. Financial Services provides flexible investment solutions, such as leasing, financing, IT consumption, and utility programs and asset management services, for customers. Corporate Investments includes Hewlett Packard Labs and certain business incubation projects. HPE Company offers purpose-built backup appliances for backup and storage for enterprises and small- and medium-scale business environments. The company provides backup solutions to small, mid-level, and large enterprises.
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Last Updated October 25, 2019