Purpose-built Backup Appliance (PBBA) Market Expected to Reach US$ 8,114.6 Mn by 2026

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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.
Increasing need for data storage and protection drives the purpose-built backup appliance (PBBA) market
Purpose-built backup appliance (PBBA) is a complete backup and recovery solution that includes software solutions such as file systems, disk systems, and object storage. Purpose-built backup appliance (PBBA) solutions are specifically designed for enterprises to protect enterprise data for backup and recovery. Moreover, these solutions are used to store and protect enterprise information in data centers or on hosted storage systems.
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 has been 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 is bifurcated into small & medium enterprises (SMEs) and large enterprises. The market is 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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