Purpose-built Backup Appliance Market — Developing Countries to Present Lucrative Opportunities

According to a new market report published by Transparency Market Research, the global purpose-built backup appliance (PBBA) marketwas valued at US$ 3,427.9 Mn in 2016 and is expected to expand at a CAGR of 9.3% from 2018 to 2026, reaching US$ 8,114.6 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the purpose-built backup appliance (PBBA) market in 2016.
The global market for purpose-built backup appliance (PBBA) has been segmented on the basis of system, component, enterprise size, industry vertical, and region. Based on system, the market is segmented into open and mainframe. In terms of component, the PBBA market is bifurcated into product type, software, and professional services. The product type component is further divided into virtual appliances and physical appliances.
Professional services are sub-segmented into installation and integration, and support and maintenance. In terms of enterprise size, the market has been fragmented into small & medium enterprises (SMEs) and large enterprises. Large enterprises segment is estimated to account for the largest market share due to rise in adoption of purpose-built backup appliances in large enterprises for storage purposes.
The market has been segmented based on industry vertical into BFSI (Banking, Financial Services and Insurance), telecom and IT, government, healthcare, education, manufacturing, travel and hospitality, energy and utility, and others (retail, media and entertainment etc.).

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