Global Data Protection as a Service Market
The Global Data Protection as a Service DPaaS Market was valued at US 4.50 Billion in 2015 and is expected to reach US 46.40 Billion by 2024, at a Compound Annual Growth Rate CAGR of 30.1% during the forecast period.
Global Data Protection as a Service Market Companies Profiled
Data Protection as a Service DPaaS is defined as the web-delivered service for safeguarding data assets of an organization. In the present business environment, major challenges faced by organizations are big business data, backup & recovery issues, protection of data and theft, or loss of data, which have a deteriorating effect on the functioning of the organization. These challenges led to the development of a promising solution for all organizations worldwide, giving birth to data solution services globally. This service is used to enhance network security and to build better security for data in transit as well as data at rest.
Reasons for the market boom: The market is witnessing a boom specifically due to increasing amount of business data from big business houses, need for data backup and recovery, growing concern for loss of data and data storage. In addition, the advancement in cloud computing and software-defined data centers has further accelerated the need for data protection in the current business environment. However, high installation & maintenance cost and lack of skilled employees are the major restraining factors for the growth in the market.
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Market segmentation
This market is primarily segmented based on deployment model, service type, end-user, and geography. The deployment model is further segmented into public, private and hybrid cloud. The service model includes Disaster Recovery as a Service DRaaS, Backup as a Service BaaS, and Storage as a Service STaaS. The end-user category is primarily segmented into large, medium, and small enterprises.
For better understanding of the market penetration of Data Protection as a Service, the market is analyzed based on geographies and includes the countries in North America North America U.S., Canada, Mexico & Rest of North America, Europe UK, Germany, France, Russia, Italy, Spain & Rest of Europe, Asia-Pacific China, Japan, India, South Korea, Singapore, Japan & Rest of Asia-Pacific regions and LAMEA Brazil, Argentina, UAE, Saudi Arabia, South Africa, Israel & Rest of LAMEA regions. North America dominates the market specifically due to the presence of developed economies in its region, which require increasing amount of business data, thereby displaying the need for data backup & recovery systems. With the evolution of cloud computing in Asia-Pacific countries, the market is fueled to witness tremendous growth.
Key market players
The report also highlights a few prominent players operating in the Data Protection as a service market. Key companies profiled in the report include IBM Corporation U.S., Amazon Web Services U.S., Inc., HP Development Company, L.P U.S., Commvault Systems, Inc U.S., EMC Corporation U.S., VMware, Inc. U.S., Quantum Corporation U.S., Asigra, Inc. Canada, Veritas Technologies U.S., and Cisco Systems U.S.
Global Market Insight on Data Protection as a Service:
Market Segmentation
Market Insight, by Deployment Model
Market Insight, by Service Type
Market Insight, by End User
Market Insight, by Region
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Data Protection as a Service Market Report Summary: In the first section, the Global Data Protection as a Service Market report presents industry overview, definition, and scope. The second part briefs about the Global Data Protection as a Service industry bifurcation by Type, Application and Geographical regions. The top industry players, revenue analysis, and sales margin are explained. The production and consumption scenario is specified.
The SWOT analysis by players, the growth rate for each type, application, and the region is covered. A 5-year forecast Global Data Protection as a Service industry perspective will lead to profitable business plans and informed moves. Towards, the end data sources, research methodology, and findings are offered.
Geographic Analysis
Please note that owing to the criticality of the Data Protection as a Service Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.
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