Purpose Built Backup Appliance Market - Growth Drivers, Opportunities and Forecast Analysis to 2027

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Overview

The purpose-built backup appliance market is projected to grow at a CAGR of 15% during the forecast period. As per the purpose-built backup appliance market research report, the global market for purpose-built backup appliance is projected to grow swiftly by US$10 billion by 2023. According to analysts, sectors generating large volumes of data as well as the surge in need for effective storage protection will drive the market growth during the forecast period. The purpose-built backup appliance market research report offers a comprehensive analysis of the global purpose-built backup appliance market and its products, components, and applications segments. The limitation of appliances along with demand for space are the elements that could influence the purpose-built backup appliance market advancement throughout the forecast period. The purpose-built backup appliance market research report by expert analysts is developed to assist organizations in the purpose-built backup appliance market.

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Market Segmentation

The global purpose-built backup appliance market has been segmented based on products, components, and applications. On the basis of products, the market for purpose-built backup appliance is segmented based on open systems and mainframe systems. Additionally, the market on the basis of components, is segmented into hardware, software, and services. The global market for purpose-built backup appliance is also covered based on applications segment which is further split into retail, government & defense, IT & telecommunications.

Major elements such as high demand for the support of multiple hypervisors could obstruct the purpose-built backup appliance market growth. However, according to the purpose-built backup appliance market research report, demand for protection software along with high rate of adoption of cloud technology will propel growth throughout the forecast period. The purpose-built backup appliance market is set to register growth at a high CAGR owing to these key factors. The exploration of products, components, and applications segments along with regional markets has been given in the global purpose-built backup appliance market research report. The research analysts studying the purpose-built backup appliance market have put out market forecasts in the purpose-built backup appliance market research report in order to support purpose-built backup appliance market-based companies. The purpose-built backup appliance market research report provides an extensive understanding of the purpose-built backup appliance market based on the information and forecasts till 2023.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for purpose-built backup appliance are predominantly covered in the global purpose-built backup appliance market research report. Country-level purpose-built backup appliance markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level purpose-built backup appliance markets are covered in the report. In Asia-Pacific (APAC) region, the country-level purpose-built backup appliance markets covered are Japan, India, China, and others. The purpose-built backup appliance market research report also explores the regional market for purpose-built backup appliance present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The purpose-built backup appliance market research report also covers regional markets from the rest of the world alongside purpose-built backup appliance markets of Africa and the Middle East.

Competitive Landscape

Technologies eliminating the need for physical space are presumed to drive the purpose-built backup appliance market growth worldwide. The global purpose-built backup appliance market could be challenged by high cost involvement, nevertheless, organizations in the purpose-built backup appliance market will carry the growth rate forward. The purpose-built backup appliance market research report presents company profiles of major companies active in the purpose-built backup appliance market globally. Furthermore, the global purpose-built backup appliance market report offers an all-inclusive analysis of the market collected from the purpose-built backup appliance market’s primary and secondary sources covering both decision makers and thought leaders. The purpose-built backup appliance market research report highlights such key areas assisting businesses operating in the purpose-built backup appliance market to build better growth strategies.

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Industry News

 

The MiniBackup Applications – a purpose designed backup & DR solution for the SMBs, home offices, remote industries and employees working from home – were launched by StoneFly Inc., the initial innovator of the ITC protocol and the leading manufacturer of storage, hyperconverted and backup & DR solutions. The budget-friendly, key-to-key back-ups and DR devices are pre-installed and support Azure, AWS and StoneFly cloud supports the option of users for backup software (Veeam, Commvault, Veritas, Rubrik, etc.), RAID support terabytes, and cloud connectivity.

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