LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global data protection appliances market is expected to grow at a CAGR of more than 41% during the predicted period.
This research report titled ‘Global Data Protection Appliances Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The market witnessed several innovations over the past decade, and innovations will continue as long as cloud computing, big data analytics, and IoT makes use of data centers for the complex or critical tasks. To secure critical data generated from the critical applications, the adoption of data protection appliances is increasing at a fast rate. Global investments in server infrastructure such as the data protection appliances and control appliances are higher compared with other infrastructure (components) in data centers.
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Technavio’s analysts categorize the global data protection appliances market into four major segments by solution. They are:
- Backup and disaster recovery
- Continuous availability
- Archiving applications
- Governance, risk, and compliance
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The top three application segments of the global data protection appliances market are discussed below:
Backup and disaster recovery
Backup and disaster recovery is an additional copy of data that is used for restoring and recovery purposes. The backup copy can be created by simply copying and mirroring the data. The digital transformation across the globe is also one of the reasons for the market growth during the forecast period. Digitalization creates an opportunity for the vendors to provide data backup as an essential measure.
According to Jujhar Singh, a lead embedded systems research analyst from Technavio, “The availability of alternative hardware is also driving the market for data protection appliances. If the original hardware gets destroyed because of natural disasters or man-made incidents, backup and recovery appliances provide the necessary hardware and software for restoring the data, which also increases the demand for data protection appliances.”
Every organization needs continuous availability data protection appliances for mission-critical applications such as big data analytics and payment gateway protocols. There is an increasing need to ensure that the systems remain operational at all times. Enterprises generally rely on the backups and snapshots for their data protection processes.
Businesses need to continuously provide solutions that provide continuous availability of enterprise data and also provide backup and recovery systems. The continuous availability solution provided by the data protection appliances vendors are required to meet the recovery point objectives (RPOs) and recovery time objectives (RTOs).
Data archiving is the process of storing data that is no longer actively used in the devices. The stored data has to be archived to ensure long-term retention. Archiving data consist of older data which is needed for future reference and also for regulatory compliance. These data protection appliances that are used to archive the files are indexed in a manner that can be searched using file names or folder names that can be easily located and retrieved.
The increase in data and storage of data in the sectors such as banking, telecom, and IT is expected to drive the demand for the archiving appliances. Benefits of data archiving appliances reduce the cost of primary storage devices.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Dell EMC
- Hewlett Packard Enterprise Development
- Veritas Technologies
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