Data Protection as a Service (DPaaS) Market Size & Share to 2027
Data Protection as a Service (DPaaS) Market Size, Trends & Growth Opportunity, By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), By Service Type (Disaster Recovery as a Service (DRaas), Storage as a Service (STaaS), and Backup as a Service (BaaS)), By End User, By Region and Forecast till 2027
Data Protection as a Service (DPaaS) Market
Data protection as a service is web delivered or cloud based service which is used to protect data assets residing on the cloud. Organizations are generally using this service to build better security and enhance network security for effective data management on the cloud. DpaaS is multi tenant model which allows management of various services via a single portal.
Market Drivers
The rise in data loss concerns is the key driving factor which is expected to boost the Data Protection as a Service (DPaaS) Market growth. Also, increase in need for backups, archives, and governance, risk & compliance will significantly drive the market growth over the forecast period. Furthermore, rise in demand for cloud- based disaster recovery and backup for virtual machines and integration of recovery & backup service providers are increased significantly which are expected to propel the global data protection as a service (DpaaS) ,market growth during this forecast period. In addition to that, enterprises require these systems to manage and operate the data effectively. Thereby, enterprises are enhancing their hosted services for improved benefits like higher scalability, efficient management, and recovery options. With this continuous evolution, enterprises are adopting cloud based data protection systems to manage and recover the data as needed. This is expected to fuel the market growth in near future.
Market Restraints
There are some restarting factors including third party dependence, and lack of failsafe feature which are expected to hinder the Data Protection as a Service (DPaaS) Market growth during this forecast timeline. Also, high costs and complexities in cloud deployment will affect the market growth.
Market Segmentation
Data Protection as a Service (DPaaS) Market is segmented into deployment model such as Public Cloud, Private Cloud, and Hybrid Cloud, by service type such as Disaster Recovery as a Service (DRaas), Storage as a Service (STaaS), and Backup as a Service (BaaS),. Further, market is segmented into end user such as Large Enterprises, and Small and Medium Size Enterprises.
Also, Data Protection as a Service (DPaaS) Market is segmented various regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as IBM Corporation, Acronis International GmbH, Amazon Web Services, Inc, Commvault, EMC Corporation, McAfee, LLC, Hewlett Packard Enterprise Development LP, Quantum Corporation,and VMware, Inc
Market Taxonomy
By Deployment Model
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook