What Has Been The Evolution of the Purpose Built Backup Appliance (PBBA) Market in Recent Years?
The purpose built backup appliance (pbba) market has seen considerable growth due to a variety of factors.
• The purpose-built backup appliance (PBBA) market has grown rapidly in recent years. It is projected to increase from $7.91 billion in 2024 to $8.71 billion in 2025, at a compound annual growth rate (CAGR) of 10.2%.
The growth over the historical period is driven by factors such as increased data generation, more stringent regulatory compliance, growing awareness of data protection, the rise of hyper-converged infrastructure, and greater use of advanced encryption.
What Is the Forecasted Market Size and Growth Rate for The Purpose Built Backup Appliance (PBBA) Market Size In The Coming Years?
The purpose built backup appliance (pbba) market is expected to maintain its strong growth trajectory in upcoming years.
• The purpose-built backup appliance (PBBA) market is projected to grow to $12.68 billion by 2029 at a CAGR of 9.8%.
Growth is driven by increasing data volumes, cybersecurity threats, remote work, and virtualization technologies. Trends include AI integration, hybrid cloud models, and cloud-integrated backup solutions.
What Factors Are Driving Growth In The Purpose Built Backup Appliance (PBBA) Market?
A rise in data security risks is projected to fuel the expansion of the purpose-built backup appliance (PBBA) market in the future. These data security risks consist of numerous dangers and weak spots that have the potential to violate the safety, validity, and availability of confidential data. This surge in data security threats results from the widening attack scope, advanced malware and cyber-attacks, spread of ransomware, insecurities in the supply chain, and financial gains. By ensuring reliable backup and recovery procedures, purpose-built backup appliances (PBBAs) improve data protection and shield organizations against different data security threats. For example, the Federal Bureau of Investigation reported in March 2023 that investment fraud in the US escalated from $1.45 billion in 2021 to $3.31 billion in 2022. Hence, the escalating data security threats are contributing to the growth of the purpose-built backup appliance (PBBA) market.
What Are The Main Segments Of The Global Purpose Built Backup Appliance (PBBA) Market?
The purpose built backup appliance (PBBA) market covered in this report is segmented –
1) By Component: Purpose Built Backup Appliance Hardware, Purpose Built Backup Appliance Software, Purpose Built Backup Appliance Services
2) By System: Integrated Backup Appliance, Target Systems Backup Appliance, Open System Backup Appliance, Mainframe Purpose Built Backup System
3) By Deployment: Cloud Purpose Built Backup Appliances, On-Premise Purpose Built Backup Appliances
4) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Industry Vertical: Banking, Financial, Services and Insurance (BFSI), Telecom And Information Technology, Government, Healthcare, Education, Manufacturing, Travel And Hospitality, Energy And Utility, Other Industry Verticals
Subsegments:
1) By Purpose Built Backup Appliance Hardware: Disk-Based Backup Appliances, Tape-Based Backup Appliances, Integrated Backup Systems, Standalone Backup Appliances
2) By Purpose Built Backup Appliance Software: Backup and Recovery Software, Data Deduplication Software, Replication Software, Encryption and Security Software, Monitoring and Management Software
3) By Purpose Built Backup Appliance Services: Installation and Integration Services, Maintenance and Support Services, Managed Backup Services, Consulting and Training Services, Cloud Integration Services
Pre-Book The Purpose Built Backup Appliance (PBBA) Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Purpose Built Backup Appliance (PBBA) Market?
Top companies in the purpose-built backup appliance (PBBA) market are concentrating on the creation of inventive solutions to boost data storage effectiveness and flexibility, such as on-site object storage solutions. On-premises object storage involves data being stored as objects in a specified local setting, cater to a scalable and efficient data management within a company's infrastructure. For example, In June 2022, the American IT firm, Veeam Software Holding Inc., introduced Object First, a service providing on-premise object storage capabilities for Veeam backup. This equipment can be accessed through Amazon's S3 protocol and owned locally, offering features like immutability, immediate recovery, and security. Object First is specifically designed to integrate with Veeam Backup and Recovery release 12 (VBR12), allowing backups to be stored immutably in under 15 minutes. A technology similar to AWS S3 Object Lock is used for immutability, which can be configured for up to 999 days.
Who Are the Key Players In The Purpose Built Backup Appliance (PBBA) Market?
Major companies operating in the purpose built backup appliance (PBBA) market are:
• Dell EMC
• Hitachi Vantara LLC
• International Business Machines Corporation
• Oracle Corporation
• Hewlett Packard Enterprise
• Fujitsu Limited
• NetApp Inc.
• Veritas Technologies LLC
• Zones LLC
• Barracuda Networks Inc.
• Cohesity Inc.
• International Data Corporation
• Acronis International GmbH
• Quantum Corporation
• TechTarget Inc.
• Arcserve LLC
• Unitrends Inc.
• ExaGrid Systems Inc.
• Axcient Inc.
• Asigra Inc.
• STORServer Inc.
• Data & Storage ASEAN
• Commvault Systems Inc.
• Tenaya Capital
• Blocks & Files
What Is The Most Dominant Region In The Purpose Built Backup Appliance (PBBA) Market?
North America was the largest region in the purpose-built backup appliance (PBBA) market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the purpose built backup appliance (PBBA) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
