Market Study

Market Research Future (MRFR), in its latest report on purpose built backup appliance market 2020 reveals influencers that prompt the market growth. The purpose built backup appliance industry is expected to witness rise through the review period. The purpose built backup appliance (PBBA) industry can earn high revenue in the assessment period, states MRFR. As per MRFR study the world purpose-built backup appliance can expand at about 15% CAGR through 2017 to 2023. The purpose built backup appliance Industry value is expected to touch above USD 10 Bn on the conclusion of the evaluation period. The expansion of the purpose built in backup market can be credited to the increased focus of enterprises on data protection solutions and data recovery. Plus, regulations related to data protection and security and the release of GDPR policy, along with the increase in the implementation of IoT can boost the expansion of the global market of purpose built backup market.

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