The global demand for Data Protection as a Service (DPaaS) Market is presumed to reach the market size of nearly USD 391.18 MN by 2028 from USD 21.96 MN in 2021 with a CAGR of 50.9% under the study period 2022 - 2028.
Data Protection as a Service (DPaas) is a group of cloud or web-based subscription services that safeguard the data assets of businesses. It provides network security, data protection and disaster recovery capabilities to the businesses. The services provided by DPaaS can be divided into three categories, including backup as a service (BaaS), Storage as a service (STaaS) and Data Recovery as a service (DRaaS). After deployment, it offers virtual machine capabilities for each server. It provides protection and safety and enhances brand value. It offers cost-effective cloud services and helps in strengthening and growing business.
Market Dynamics
The key factor driving the demand for Data Protection as a Service is the increasing virtualization of information technology (IT) infrastructure across the globe. Rising instances of data thefts and cybercrimes are surging the demand for this market. Increasing concerns about data loss and the rising need for data backups and archives are fostering the demand for this market. Growing demand for cloud based disaster recovery and backup for virtual machines are anticipated. Governance risks and compliance requirements for storage are augmenting the demand for this market. Continuous advancements in technology, integration of connected devices with the internet of things (IoT) and virtual private networks are boosting the demand for this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of data protection as a service (dpaas). The growth and trends of data protection as a service (dpaas) industry provide a holistic approach to this study.
Market Segmentation
This section of the data protection as a service (dpaas) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Service Type
By End-User
- Large Businesses
- Small & Medium Businesses
By Deployment Model
- Private Cloud
- Public Cloud
- Hybrid Cloud
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Data Protection as a Service (DPaaS) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Data Protection as a Service (DPaaS) Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the data protection as a service (dpaas) market include IBM Corporation, Cisco Inc., Dell Inc., Amazon Web series Inc., Veritas Technologies LLC, HP Development Company, Microsoft, Oracle Corporation, Quantum Corporation, Asgira Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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