Global Data Protection as a Service (DPaaS) market

March 30, 2022
ID: SR/ICT-135
Format:Pdf
Pages:220

Global Data Protection as a Service (DPaaS) market By Service Type (Backup as a Service (BaaS), Storage as a Service (STaas), and Disaster Recovery as a Service (DRaaS)), By Organization Size (Large Businesses, and Small & Medium Businesses), By Deployment Model (Private Cloud, Public Cloud, and Hybrid Cloud) and By Region (North America, Europe, Asia Pacific, South America, and The Middle East & Africa)-Global Forecast to 2028.

Description

Data Protection as a Service (DPaaS) Market Overview

The global data protection as a service (DPaaS) market size was valued at USD 15.45 billion in 2021 and projected to reach USD 100.63 billion by 2028, growing at a CAGR of 30.7% during the forecast period, 2022-2028. Growing virtualization of information technology infrastructure, significant IT infrastructure developments, and widespread research and development activities are the key factors driving the growth of data protection as a service market. Additionally, the extensive adoption of cloud computing and software-defined data centers is also driving the growth of data protection as a service market. Moreover, growing demand for recovery services, rising demand for Backup & archives, and expanding data loss concerns are expected to drive the market growth.

What is data protection as a service?

Data Protection as a Service is a cloud-based or web-based system for network security and protecting data assets. Virtualization solutions such as virtual private networks, hypervisors, and firewalls are used to monitor the network infrastructure of different enterprises. It also makes it much easier to retain archived information for long periods and quickly restore data in transit and Storage. Demand for private clouds is growing for both large and small businesses. Data Protection as a Service in these enterprises is changing due to improved cybersecurity and other advances.

Growth Driver

Growing demand for advanced technologies

Increased demand for advanced technologies, increased use of data centers, increased need for cloud services, and increased threat of cybercrime are key factors behind the global data protection as a service market. Evolving technology trends have increased the demand for security requirements for improvised technology. Moreover, with the growing adoption of the internet of things, the demand and growth for Data Protection as a Service technology will grow significantly, ultimately making data centers and cloud services more effective for several business organizations.

Opportunity

adoption of cloud computing and technological advancement

The extensive adoption of cloud computing and software-defined data centers is also an opportunity to grow data protection as a services market. Cloud service providers make extensive data protection as a service for advanced enterprise data and network security. Therefore, increasing data theft and cybercrime cases related to hybrid clouds and portable devices and the increasing need for data backup and archiving integration of various technological advancements are also opportunities to adopt efficient data protection as a services solution.

Restraints

High costs and Lack of Skilled Professionals

A potential factor that can impact the market growth is the high costs associated with data protection as a service. Designing and deploying data protection solutions involves the development of complex algorithms and infrastructure to support them. Investment is high. Furthermore, the lack of skilled professionals to efficiently deploy these resources and restraints on time invested in training the individuals to understand these solutions are significant factors that negatively impact market growth.

Pre-Covid-19 impact on global Data Protection as a Service market

Before the covid-19 period, the growing demand for data security and privacy across all data centers is driving data protection as a services market growth. A rising number of large enterprises worldwide are looking for greater security and privacy on the cloud to cope with changing computing needs and costs associated with the growth in acceptance of hybrid cloud technology. The growing adoption of cloud computing and software-defined data centers is the factor to drive the growth of the global data protection as a service market.

Covid-19 impact on global Data Protection as a Service market

During the COVID-19 pandemic, the global Data Protection as a Service market has been comparatively unaffected as related to other industries. One of the key factors for this is the significant increase in the adoption of remote work systems in some industries. This has increased the need for privacy and protection. Moreover, In the healthcare sector, the COVID 19 epidemic has a higher bar for data analysis and clinical insights, with significant investment in cloud-based product advancement and ERP technology, creating business opportunities for cloud service providers.

Post Covid-19 impact on global Data Protection as a Service market

After the Covid-19 epidemic, growing the data protection as a service market, due to the increasing strictness in regulations and standards, such as the General Data Protection Regulation Policy and Data Protection Act, continues to put more requirements on organizations to comply. As a result, they enhance their hosted services for enhanced benefits such as efficient management, higher scalability, and recovery options, which are expected to create significant opportunities for these services providers and positively impact global data protection as a service market.

Service Type Segmental Analysis

Based on the service type, the global data protection as a service market is segregated into Backup as a service, Storage as a service, and Disaster recovery as a service. The Storage as a service segment is expected to have the largest market share in the service type for the data protection as a service market. The segmental growth is attributed to the high risk of information leakage, data duplication, and file storage. Enterprises are looking to data protection as a service to solve these issues associated with another service segment during the forecasted period.

Organization Size Segmental Analysis

Based on the organization size segmental analysis, the market is categorized into large businesses and small & medium businesses. The small & medium businesses segment held a significant market share due to the increasing demand for long-term records, database, and cloud retention to maintain business continuity drives this segment. Moreover, these businesses tend to use this service to provide a cost-effective means of Backup, recovery, and preservation.

End-User Segmental Analysis

The market is categorized into Private Cloud, Public Cloud, and Hybrid Cloud, based on the deployment model. The hybrid cloud segment held a significant market share in 2021. However, the hybrid cloud is expected to grow and gain the largest market revenue by 2028. The segment growth is due to the rising complexities in cloud applications and an increasing number of global organizations looking for greater security and privacy to cope with its changing computing needs and costs.

Region Segmental Analysis

Based on the regional segmental analysis, the global data protection as a service market is categorized into North America, Asia Pacific, Europe, South America, and The Middle East & Africa. North America to account for the higher market share during the forecast period. The growing spending on data protection solutions and cloud-based services is a factor in the region’s growth. In addition, the United States’ large IT infrastructure, cloud solution providers, and data protection providers are projected to boost growth. Furthermore, the enlarged expenditure on recovery, Backup, storage solutions and stringency in data protection standards.

Competitor Analysis

Companies include IBM Corporation, Amazon Web Series Inc., HP Development Company, Cisco Inc., Dell Inc., Veritas Technologies LLC, Microsoft, Quantum Corporation, Oracle Corporation, Asgira Inc., EMC Corporation, Commvault System, Others Prominent Players in the Data Protection as a Service (DPaaS) market.

Key Stakeholders

Market research and consulting firms
Industry associations
Research organizations and consulting companies
Global data protection as a service provider
Local governments
Regulatory bodies
Suppliers
Retailers

Recent Development

In May 2020, Lyell Immunopharma Inc. will be Amazon Web Services, Inc. Announces that it will become a cloud partner to enhance its entire secure data and analytics platform to accelerate the discovery of new cell therapies for potential cancer vaccines.
In April 2020, Movius announced the launch of IBM Public Cloud, which hosts multiline applications to meet the business needs of its customers.
In February 2020, Hewlett Packard Enterprise announced advances in data security services with European software vendor Veeam.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 15.45 Billion
The revenue forecast in 2028	USD 100.99 Billion
Growth Rate	CAGR of 30.7% from 2022 to 2028
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	IBM Corporation, Amazon Web Series Inc., HP Development Company, Cisco Inc., Dell Inc., Veritas Technologies LLC, Microsoft, Quantum Corporation, Oracle Corporation, Asgira Inc., EMC Corporation, Commvault System, Others Prominent Players

Market Modelling

By Type

Backup as a Service (BaaS)
Storage as a Service (STaas)
Disaster Recovery as a Service (DRaaS)

By Organization Size

Large Businesses
Small & Medium Businesses

By Deployment Model

Private Cloud
Public Cloud
Hybrid Cloud

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

More Related Reports:

Ventilators Market

Industrial Control and Factory Automation Market

Cloud Kitchen Market

Semi-Autonomous and Autonomous Bus Market

UAE Luxury Car Market

Shapewear Product Market

Packaging and Labeling Market

Tube Packaging Market

Table Of Contents

Methodology

Request Sample

Frequently Asked Questions (FAQ):

What is Data Protection as a Service (DPaaS)?

What is the growth rate of the global Data Protection as a Service (DPaaS) market?

The global Data Protection as a Service (DPaaS) market was calculated at USD 15.45 billion in 2021, and it is expected to reach USD 100.63 billion in 2028 with a CAGR of 30.7% during the forecast period of 2022-2028.

What are the growth drivers in the global Data Protection as a Service (DPaaS)market?

Increased demand for advanced technologies, increased use of data centers, increased need for cloud services, and increased threat of cybercrime are key factors behind the growth of the global Data Protection as a Service market.

Who are the major key players in the global Data Protection as a Service (DPaaS)market?

Which region is expected to have the largest share in the global Data Protection as a Service (DPaaS) market?

The North American region is expected to have the largest share in the global Data Protection as a Service (DPaaS) market.

Select License

We Accept

Analyst support

After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.

Customer satisfaction

According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.

Inimitable expertise

Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.

Assured quality

We have created a systematic way to determine standards and satisfy your expectations.

Instant delivery

Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.

Privacy policy

We understand the inkling of your privacy, we will never misuse your email address.

Custom research service

We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.

Quality & accuracy

We provide you with the accurate quality of the customized study of an exclusive report according to your research need.

Data visualization

As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.

Information security

We truly respect your privacy and promise to keep your personal and confidential information safe and secure.

Global Data Protection as a Service (DPaaS) market

Data Protection as a Service (DPaaS) Market Overview

What is data protection as a service?

Growth Driver

Growing demand for advanced technologies

Opportunity

adoption of cloud computing and technological advancement

Restraints

High costs and Lack of Skilled Professionals

Pre-Covid-19 impact on global Data Protection as a Service market

Covid-19 impact on global Data Protection as a Service market

Post Covid-19 impact on global Data Protection as a Service market

Service Type Segmental Analysis

Organization Size Segmental Analysis

End-User Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Recent Development

Scope of the Report

Market Modelling

More Related Reports:

Report Content

Frequently Asked Questions (FAQ):

Select License

We Accept

Latest Reports

Why Choose Us

Company

Industries We Serve

We Accept

Contact Info