The Global Purpose-Built Backup Appliance Market is Expected to Grow at a CAGR of 11% by 2026

According to a market report by Lucintel, the future of the purpose-built backup appliance market looks promising with opportunities in the telecom & IT, BFSI, manufacturing, retail, healthcare, media & entertainment, and government industries. The global purpose-built backup appliance market is expected to grow with a CAGR of 11% from 2021 to 2026. The major drivers for this market are growing market for IoT and strict regulations for data protection and data security.

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In this market, hardware and software are the main component segments. Lucintel forecasts that hardware will remain the largest component segment, as it is either replaced or repaired in case of damages; however, software component is upgraded.

Within the purpose-built backup appliance market, mainframe and open are the two system segments. Open will remain the largest system segment during the forecast period, as it is easy to adapt in any IT environment.

Asia Pacific will remain the largest region over the forecast period due to increasing small and mid-level companies and growing economies in the region.

Dell, NetApp, IBM, Oracle, Fujitsu, Commvault Systems, Veritas Technologies, Hewlett Packard Enterprise, Quantum, Barracuda Networks, Hitachi Vantara, and Arcserve are among the major purpose-built backup appliance manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global purpose-built backup appliance market by component, system, enterprise, vertical, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Purpose-Built Backup Appliance Market 2021-2026: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global purpose-built backup appliance market by component, system, enterprise, vertical, and region as follows:

By Component [$M shipment analysis for 2015–2026]:

Hardware

Software

 

By System [$M shipment analysis for 2015–2026]:

Mainframe

Open

 

By Enterprise [$M shipment analysis for 2015–2026]:

Large Enterprise

Small and Mid-level Enterprise

 

By Vertical [$M shipment analysis for 2015–2026]:

Telecom & IT

BFSI

Manufacturing

Retail

Healthcare

Media & Entertainment

Government

Others

 

By Region [$M shipment analysis for 2015–2026]:

North America

United States

Canada

Mexico

 

Europe

Germany

United Kingdom

France

Italy

 

Asia Pacific

China

Japan

India

South Korea

 

The Rest of the World

This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.