Global Data Protection as a Service (DPaaS) Market Overview:
Data Protection as a Service (DPaaS) Market is expected to reach $28,878 million by 2022, registering a CAGR of 31.5% from 2016 to 2022. The increasing amount of business data has rendered data backup and recovery as one of the most challenging issues. Further, data loss is a growing concern for not only large enterprises but also for small & medium enterprises. Moreover, data that are difficult to protect are data stored in hybrid clouds, big data, and data accessed by ubiquitous mobile devices. Many vendors have developed advanced data protection tools in order to reduce costs and consequences of data loss.
In addition, the advent of cloud computing and software-defined data centers with virtualized infrastructure components delivered as a service has elevated the need for data protection in the current business scenario. The need for a common service for data protection by cloud service providers necessitated the evolution of Data Protection as a Service (DPaaS). DPaaS is a web-delivered cloud-based service designed in order to safeguard data assets of businesses. Several companies deploy DPaaS for better network security and advanced data security for data in transit as well as data at rest.
The study of global DPaaS market focuses on various deployment models such public, private, and hybrid clouds. There is a growing need for private cloud in large enterprises and SMEs. Features such as greater data security and other advancements have revolutionized the deployment of DPaaS in these enterprises.
Further, the study focuses on various growth prospects and restraints in the market based on regional analysis. The study highlights Porter’s five forces analysis for the market that comprises the impact of suppliers, competitors, new entrants, substitutes, and buyers on the data protection as a service market.
Some of the significant players in the DPaaS market that are profiled in the report are IBM Corporation, Amazon Web Services, Inc., HP Development Company, L.P., Commvault Systems, Inc., EMC Corporation, VMware, Inc., Quantum Corporation, Asigra, Inc., Veritas Technologies, and Cisco Systems.
The market is segmented into deployment model, service type, end user, and geography. In service type segment, the private cloud dominated the global market in terms of revenue generation. Further, based on the service type, STaaS was the leading sub-segment among others.
Large enterprises are the foremost end users analyzed in the report. However, SMEs are expected to surpass them in terms of growth rate. Geographically, North America generated the highest revenue in 2015 and is projected to maintain its dominance throughout the forecast period.
TOP INVESTMENT POCKETS
According to the current and the future impact of the various factors on the global DPaaS market, integration of backup services and recovery is projected to lay a prominent impact on the market during the forecast period. This is followed by growing concerns regarding data loss and increasing need for data backups and archives. However, complexity in cloud DPaaS deployment and high incurrence costs are expected to lay a lesser impact on the market over the forecast period.
- Integration of backup services and recovery
The convergence of computing, networking, and storage indicates the transformation of an enterprise from physical storage such as local servers to virtual servers that operate on cloud. Convergence is one of the major trends that has evolved the DPaaS industry. It includes the networking services, software-defined storage, hardware abstraction, geographically distributed architecture, and central orchestration that renders the IT infrastructure efficient and agile.
- Growing concerns regarding data loss
Data loss is a growing concern for not only large enterprises but also for small & medium enterprises. Further, data that are difficult to protect are data stored in hybrid clouds, big data, and data accessed by ubiquitous mobile devices. Many vendors have developed advanced data protection tools in order to reduce costs and consequences of data loss.
- Increasing 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 the data in a system. The old data is overwritten by new data frequently. DPaaS has the ability to scale data integrity and retention of data over long periods of time through data backups and archives. This is essential for the present business scenario that is vulnerable to data theft and other threats.
- This study comprises analytical depiction of the market, with global DPaaS market trends and future estimations to depict the imminent investment pockets
- The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market
- The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis
- The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers
DATA PROTECTION AS A SERVICE (DPAAS) MARKET KEY SEGMENTS
The market is segmented on the basis of deployment model, service type, end user, and geography.
BY DEPLOYMENT MODEL
- Public cloud
- Private cloud
- Hybrid cloud
BY SERVICE TYPE
- Disaster Recovery as a Service (DRaaS)
- Backup as a Service (BaaS)
- Storage as a Service (STaaS)
BY END USER
- Large Enterprise
- Small and Medium Enterprises
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
KEY MARKET PLAYERS PROFILED
- IBM Corporation
- Amazon Web Services, Inc.
- HP Development Company, L.P.
- Commvault Systems, Inc.
- EMC Corporation
- VMware, Inc.
- Quantum Corporation
- Asigra, Inc.
- Veritas Technologies
- Cisco Systems
OTHER COMPANIES MENTIONED IN THE REPORT
- HTC Corporation
- Red Hat
- Infocom Corporation