0
New
New
2022
Data Protection As A Service (dpaas) Market

Data Protection as a Service (DPaaS) Market by Service Type (Disaster Recovery as a Service, Backup as a Service, Storage as a Service), by Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), by Enterprise Size (Large Enterprise, SMEs): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  A01552
Pages: 276
Mar 2022 | 14784 Views
Author(s) : Rachita Rake , Vineet Kumar
Tables: 166
Charts: 63
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Data Protection As A Service (dpaas) Market

Request Now !

Data Protection As A Service (DPaaS) Market Research, 2030

The global data protection as a service market size was valued at $15.49 billion in 2020, and is projected to reach $170.54 billion by 2030, growing at a CAGR of 27.2% from 2021 to 2030.

During the COVID-19 pandemic, DPaaS played a vital role in protection of data as the volume of data has increased significantly due to WFH policies and rise in adoption of new technologies such as machine learning and IoT across the globe.

The advent of cloud computing and software-defined data centers with virtualized infrastructure components delivered as a service has fostered the need for data protection in the present business scenario. Increase in need for data protection among cloud service providers has led to the introduction of data-protection-as-a-service (DPaaS). DPaaS is a cloud-based, web-delivered service designed to safeguard data assets of businesses. The deployment of DPaaS market has increased in organizations across the globe, owing to the advantages of better network security and advanced data security.

The global DPaaS market is influenced by several factors such as increase in concerns about data loss; rise in need for data backups & archives; and governance, risk, and compliance requirements for storage. However, high incurrence of costs is projected to hamper growth of the market. On the contrary, increase in demand for cloud-based disaster recovery and backup for virtual machines are expected to be opportunistic for the data protection as a service market growth.

Get more information on this report : Request Sample Pages

The global Data Protection as a Service Industry is segmented into on deployment model, service type, end user, and region. Depending on the deployment model, the market is categorized into public, private, and hybrid cloud. On the basis of type of service, the market is categorized into disaster recovery-as-a-service (DRaaS), backup-as-a-service (BaaS), and storage-as-a-service (STaaS). The end users of the market are large enterprises and small & medium enterprises. The Data Protection as a Service Industry is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA along with the country-level analysis of each region.

In 2020, On the basis of service, the STaaS segment dominated the data protection as a service market share in 2020, and is expected to maintain its dominance in the upcoming years. This is attributed to cost-effectiveness of STaaS and no initial costs required for deploying hard drives, servers, and IT technicians. The provision of long-term data storage and business stability is a major growth factor of the overall market.

Use this identifier:

Data Protection as a Service (DPaaS) Market
By Service Type

Your browser does not support the canvas element.

Storage as a Service segment dominated the market in 2020

Get more information on this report : Request Sample Pages

By deployment, the private segment dominated the market in 2020, and is expected to maintain its dominance in the upcoming years. This is attributed to the fact that private cloud provides improved security, greater server control, and enhanced flexibility. Furthermore, private cloud is deployed and customized according to the preferences of users. However, the hybrid segment is expected to register highest growth rate during forecast period.

Use this identifier:

Data Protection as a Service (DPaaS) Market
By Deployment Mode

Your browser does not support the canvas element.

Public cloud segment dominated the market in 2020.

Get more information on this report : Request Sample Pages

North America dominates the market. The expansion of cyber security and cloud service business in North America has driven the market for DPaaS in the region. Moreover, increase in implementation of legislative compliances to improve cloud security and reduce cyber-attacks has boosted the market growth. The presence of numerous vendors that offer a variety of customized solutions is opportunistic for the market. In addition, factors such as data disclosure mandates, need for strict compliance toward sensitive data protection, increase in spending pattern on security forums, and surge in internet penetration have fueled the demand for DPaaS in the region. However, Asia-Pacific is expected to witness highest growth rate during the forecast period. The market growth in Asia-Pacific is majorly supported by increased reliability on ICT infrastructure coupled with increase in opportunities for cloud exporters. Furthermore, rise in number of strategic partnerships among regional and U.S. providers has fueled the market growth. In Asian countries, the growing trend of cloud computing and BYOD has driven the market growth in the recent years.

Use this identifier:

Data Protection as a Service (DPaaS) Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region is expected to witness highest growth rate in the forecasted period.

Get more information on this report : Request Sample Pages

COVID-19 Impact Analysis

The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. The outbreak of COVID-19 has caused a great deal of difficulties across the world. During the COVID-19 pandemic, DPaaS played a vital role in protection of data as the volume of data has increased significantly due to WFH policies and rise in adoption of new technologies such as machine learning and IoT across the globe.

Although the COVID-19 does not have major negative impact on the growth of the market, the outbreak of COVID-19 will surely provide numerous opportunities for the market to grow during the forecast period. These opportunities include surge in demand for DPaaS in enterprises due to remote work initiatives, increase in data protection applications, and introduction of innovative DPaaS solutions.

Top Impacting Factors

Increased concerns about data loss

Data loss is a growing concern for large enterprises as well as small & medium enterprises. Further, data that are difficult to protect such as big data and data accessed by ubiquitous mobile devices are stored in hybrid clouds. Many vendors have developed advanced data protection tools to reduce the costs and consequences of data loss.                                                                                                

 Increase in need for data backups and archives

Archives provide a snapshot of the desired file from a specific location. Moreover, data backups provide a fail-safe mechanism for all retrieval of data in a system. The old data is overwritten by new data on a regular basis. DPaaS has the ability to scale data assets integrity and retention of data over long period using data backups and archives. This is essential for organizations in the present business scenario that are vulnerable to data theft and other threats to adopt this measure.

Governance, risk, and compliance requirements for storage

As businesses collect and generate massive volume of data assets, the need for aligning strict internal governance policies has increased in the recent years. Furthermore, adherence to regulatory norms regarding data storage, management, and encryption is crucial for market players. This has majorly driven the market for DPaaS among business professionals.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the data protection as a service (dpaas) market analysis from 2020 to 2030 to identify the prevailing data protection as a service (dpaas) market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the data protection as a service (dpaas) market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global data protection as a service market size, data protection as a service market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments & Key Market Players

Segments Sub-segments
By Service Type
  • Disaster Recovery as a Service
  • Backup as a Service
  • Storage as a Service

By Enterprise Size
  • Large Enterprise
  • SMEs

By Deployment Mode
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • Australia
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Rest of LAMEA

Key Market Players
  • IBM CORPORATION
  • AMAZON WEB SERVICES
  • HEWLETT-PACKARD DEVELOPMENT COMPANY
  • L.P.
  • COMMVAULT SYSTEMS
  • VMWARE
  • QUANTUM CORPORATION
  • ASIGRA
  • EMC CORPORATION
  • VERITAS TECHNOLOGIES
  • CISCO SYSTEMS
 

Loading Table Of Content...


 
 

According to the insights of the CXOs of leading companies, the Data protection-as-a-service (DPaaS) market exhibits promising opportunities. North America has witnessed the highest adoption of this service, followed by Europe, Asia-Pacific, and LAMEA. In addition, market players have adopted innovative techniques to provide advanced and innovative offerings.

Some of the factors that have become the driving force behind the increasing reliance on DPaaS are disaster recovery and cost-effectiveness. By using DPaaS, businesses are provided with an affordable way to bring backup, storage, and disaster recovery options into their business operations. In addition, by providing services to companies at an affordable price, DPaaS helps businesses step into the future by providing the tools necessary for businesses to succeed.

Private cloud is the preferred deployment model in the market, followed by public and hybrid cloud. At present, storage as a service (STaaS) is extensively used by large enterprises and SMEs. Among end users, large enterprises exhibited the highest revenue growth in the global market.

The global DPaaS market is dominated by key players such as IBM Corporation, Amazon Web Services, Inc., HP Development Company, LP, Commvault Systems, Inc., EMC Corporation, VMware, Inc., Quantum Corporation, Asigra, Inc., Veritas Technologies, and Cisco Systems. The key players have adopted various growth strategies to enhance and develop their product portfolio, strengthen their edge computing market share, and to increase their market penetration.

For instance, in February 2022, Veritas Technologies announced the latest version of NetBackup™ powered by Cloud Scale Technology, the next generation of NetBackup’s industry-leading architecture, which is the foundation for Autonomous Data Management and multi-cloud data protection at scale.

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global DPaaS industry is influenced by several factors such as increase in concerns about data loss; rise in need for data backups & archives; and governance, risk, and compliance requirements for storage.

A. North America dominates the market. The expansion of cyber security and cloud service business in North America has driven the market for DPaaS in the region. Moreover, increase in implementation of legislative compliances to improve cloud security and reduce cyber-attacks has boosted the market growth.

A. The global DPaaS market is dominated by key players such as IBM Corporation, Amazon Web Services, Inc., HP Development Company, LP, Commvault Systems, Inc., EMC Corporation, VMware, Inc., Quantum Corporation, Asigra, Inc., Veritas Technologies, and Cisco Systems. The key players have adopted various growth strategies to enhance and develop their product portfolio, strengthen their edge computing market share, and to increase their market penetration.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Data Protection As A Service (dpaas) Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $4,904
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,483
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,995  $8,796
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers