Report Feature
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 10% to 12% from 2021 to 2026. The major drivers for this market are growing market for IoT and strict regulations for data protection and data security.
A more than 150 page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of purpose-built backup appliance market report download the report brochure.
The study includes trends and forecasts 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
Hardware will remain the largest component segment, as it is either replaced or repaired in case of damages; however, software component is upgraded.
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.
Some of the purpose-built backup appliance companies profiled in this report include Dell, NetApp, IBM, Oracle, Fujitsu, Commvault Systems, Veritas Technologies, Hewlett Packard Enterprise, Quantum, Barracuda Networks, Hitachi Vantara, and Arcserve.
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Features of Purpose-built Backup Appliance Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global purpose-built backup appliance market by component (hardware and software), system (mainframe and open), enterprise (large enterprise and small and mid-level enterprise), vertical (telecom & IT, BFSI, manufacturing, retail, healthcare, media & entertainment, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the purpose-built backup appliance market? Q.5 What are the business risks and threats to the purpose-built backup appliance market? Q.6 What are emerging trends in this purpose-built backup appliance market and the reasons behind them? Q.7 What are some changing demands of customers in the purpose-built backup appliance market? Q.8 What are the new developments in the purpose-built backup appliance market? Which companies are leading these developments? Q.9 Who are the major players in the purpose-built backup appliance market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the purpose-built backup appliance market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the purpose-built backup appliance market? |
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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