DPaaS Market Scope:
The need to safeguard data is more important than ever, as a result the data protection as-a-service market 2022 is growing rapidly. As per MRFR, the Data protection as a service market is expected to reach USD 62,977.5 million by 2027 from USD 10,282.0 million in 2020 and is expected to grow at a CAGR of 19.8% during the forecast periods 2021–2027.
The prevalence of advanced cyber-attacks is estimated to create traction for the data protection as-a-service industry. The support of governments around the world in terms of the policies they have formulated is further estimated to create a potential for the data protection as-a-service market growth.
Various technological breakthroughs, such as the integration of connected devices with the IoT and the use of a virtual private network (VPN), are driving expansion. With better operational efficiency and data resiliency, DPaaS is deployed on IoT-enabled devices to encrypt, secure, and store enormous amounts of data generated by individuals & businesses.
Dominant Key Players on Data Protection as a Service Market Covered are:
- IBM Corporation
- Hewlett Packard Enterprise Development Lp
- Dell Technologies Inc.
- Hitachi Vantara Corporation
- Thales Group
- ATOS SE
- MUSARUBRA US LLC (MCAFEE LLC)
- Commvault
- Micro Focus International Plc
- Quantum Corporation
- NETAPP Inc.
- VOLICO Data Centers
- Cohesity Inc.
- Veritas
- NXTGEN Datacenter
- Cloud Technologies Private Limited
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DPaaS Market Drivers
Growing Need for CYOD and BYOD to Bolster Market Growth
The market is primarily fueled by the expanding Bring Your Own Device (BYOD) & Choose Your Own Device (CYOD) trends amid businesses. Employees will be capable of registering their own devices and share enterprises to enhance productivity when BYOD policies are implemented. As a result, heightened risks of data piracy, data theft, and data storage have become one of the top worries for businesses. Enterprises are turning to DPaaS services and solutions to help them deal with these difficult situations.
Data Security Concerns to act as Market Restraints
The data security concerns in the DPaaS network may act as a market restraint over the forecast period.
Heavy Spending on Deployment of Data Protection to act as Market Challenge
The heavy spending on the deployment of DPaaS may act as a market challenge over the forecast period.
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Segmentation of Market Covered in the Research
By service type
- Disaster Recovery as a Service (DRaaS)
- Backup as a Service (BaaS)
- Storage as a Service (STaaS)
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size
- Small & Medium Enterprise
- Large Enterprise
Regional Analysis
The regional study of data protection as-a-service market includes North America, Europe, Asia-Pacific, and the rest of the regions. The North American regional market is followed by the European region is anticipated to control the data protection as-a-service market in the forecast period. As these regions are sustainable well-established economies that have ventures with an elevated focus on most recent technology. In addition, the presence of major multinational companies in the region is furthering driving the data protection as-a-service market in these regions. The Asia-Pacific region is likely to grow at a noteworthy CAGR for the duration of the forecast period. The need for data protection as-a-service in the region is motivated by the rapid movement of digital transformation in nations such as Singapore, China, and India, among others. Furthermore, the soaring implementation of cloud and web-based use in the region is driving the demand for data protection as-a-service market.
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The Importance of Report
- To provide a thorough examination of the market structure, as well as predictions for the major segments and sub-segments of the global Data Protection as a Service market during the forecast period.
- To provide information on the factors that influence market growth.
- To conduct an initial analysis of the global Data Protection as a Service market utilizing various techniques, including Supplier Evaluation and Porter’s Five Forces Analysis.
- Provide historically and projected revenue for market segments and sub-segments based on regions and key countries.
- To provide country-specific market analysis in terms of current market size and prospects.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
2 MARKET INTRODUCTION 18
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.4 MARKET STRUCTURE 19
3 RESEARCH METHODOLOGY 20
4 MARKET DYNAMICS 27
Continued...
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