TechNavio recognizes the following companies as the key players in the Global Purpose-Built Backup Appliance Market: EMC Corp., IBM Corp., Symantec Corp., and HP Co.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”Currently, enterprises are increasingly focusing on the effective utilization of storage capacity, data protection, and backup recovery to certify data accessibility, reliability, and security through suitable designs. With the efficient utilization of storage capacity, business enterprises are looking to reduce their IT overhead costs and improve return on investment. To ensure smooth functioning of its IT systems, enterprises need to adopt PBBAs that facilitates unified operations even during system failures or adversities. Enterprises must abide by the regulations to safeguard business critical information and prevent data leakage. They must also take steps for long-term data protection beyond the existence of any particular storage device. Thus, the increasing focus on efficient utilization of storage capacity is a new trend being witnessed in the Global Purpose-built Backup Appliance market.”
According to the report, one of the main drivers in this market is the growing need for faster data backup and recovery. With the rapid growth of business enterprises and their expanding operations, there is a need for PBBAs which can restore their backup data efficiently and prevent loss of data.
Further, the report states that one of the main challenges in this market is the lack of skilled manpower trained in the integration of the components and systems required for PBBAs. The lack of skilled manpower has resulted in increasing operational costs in business enterprises.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-purpose-built-backup-appliance-m…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report “ Global Purpose-Built Backup Appliance Market 2012-2016
