Global Data Protection As A Service Market 2023-2027
Technavio has been monitoring the data protection as a service market and is forecast to grow by USD 40198.28 mn during 2022-2027, accelerating at a CAGR of 34.12% during the forecast period. Our report on the data protection as a service market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the adoption of DPaaS among various industries, a growing need to simplify solutions for backup, and recent development in DPaaS.
Technavio's data protection as a service market is segmented as below:
By Application
By Business
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the exponential growth in the volume of data as one of the prime reasons driving data protection as a service market growth during the next few years. Also, the increasing use of IoT and the rise in the number of cyber threats will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the data protection as a service market covers the following areas:
- Data protection as a service market sizing
- Data protection as a service market forecast
- Data protection as a service market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading data protection as a service market vendors that include Acronis International GmbH, Amazon.com Inc., Asigra Inc., Backblaze Inc., Barracuda Networks Inc., Broadcom Inc., Cohesity Inc., Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Hornetsecurity Ltd., International Business Machines Corp., Kaseya Ltd., Microsoft Corp., Oracle Corp., Rubrik Inc., SolarWinds Corp., Veeam Software Group GmbH, Veritas Technologies LLC, and VMware Inc.. Also, the data protection as a service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.