EMC Rules in Backup Appliance Market: IDCBy Channel Insider Staff | Print
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NEWS ANALYSIS: Storage giant EMC captures 62 percent of worldwide Purpose Built Backup Appliance (PBBA) market, more than three times the share of its nearest competitor.
Analyst firm IDC places EMC at the top of the worldwide Purpose Built Backup Appliance market, with EMC claiming 62 percent share for the first half of 2011. EMC s primary PBBA products include EMC Avamar, Data Domain and Disk Library for mainframe systems.
Market growth and the impressive lead over its nearest competitor bodes well for EMC. In its latest market forecast, IDC estimates that the market grew 65 percent in 2011 compared to 2010.
"As a result of our latest research, we have increased our full year 2011 worldwide PBBA forecast to approximately $2.8 billion--well above our initial revenue forecast of $2.1 billion earlier this year," Robert Amatruda, IDC's research director, Data Protection and Recovery, told eWEEK.
IDC also said it expects the total PBBA market to grow robustly with a 2010-2015 compound annual growth rate (CAGR) of 25.6 percent, totaling nearly $5.3 billion by the close of 2015.
Amatruda added, "We believe this explosive growth will continue through 2015 and is a result of users desire for improved backup window timing, faster recovery times, effective virtual server protection and seamless integration with existing backup applications. We also believe customers are gravitating towards PBBA solutions as a way to control their data protection capital and operational expenditures."
IDC observes that strategic IT transformation initiatives along with the need for faster backup and recovery, effective virtual server protection, more integration and better cost control are driving more customers to implement EMC next-generation backup and recovery products.
"Deep integration of the EMC backup and recovery products in its industry-leading portfolio allows customers to address a broad range of requirements and challenges as they architect new data protection infrastructures," Amatruda said.
To read the original eWeek article, click here: IDC Report: EMC Leads Backup Appliance Market