May 10, 2013 (M2 PRESSWIRE via COMTEX) -- Research and Markets (http://www.researchandmarkets.com/research/xnrkc4/global) has announced the addition of the "Global Purpose-built Backup Appliance Market 2012-2016" report to their offering. One of the key factors contributing to this market growth is the growing need for faster data backup and recovery appliances. The Global Purpose-built Backup Appliance market has also been witnessing the increasing focus on effective utilization of storage capacity. However, increasing operational due to lack of expertise could pose a challenge to the growth of this market. Key vendors dominating this space include EMC Corp., IBM Corp., Symantec Corp., and Hewlett-Packard Co. Other vendors mentioned in the report are Quantum Corp., Oracle Corp., Fujitsu Ltd., Sepaton Inc., ExaGrid Systems Inc., FalconStor Software Inc., and Dell Inc. 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. For more information visit http://www.researchandmarkets.com/research/xnrkc4/global About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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As of Monday, 05-06-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
04-23-2012 for EMC @ $27.54.
As of Monday, 05-06-2013 23:59, the latest Comtex SmarTrend Alert,
an automated pattern recognition system, indicated a DOWNTREND on
05-11-2012 for FALC @ $3.06.
As of Monday, 05-06-2013 23:59, the latest Comtex SmarTrend Alert,
an automated pattern recognition system, indicated a DOWNTREND on
05-17-2012 for IBM @ $199.22.
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