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Disaster Recovery as a Service Market, By Service Type (Real-Time Replication, Backup,Cloud Service Provider, Managed Service Provider, Telecom and Communication Service Provider, and Data Security), By Service Provider (Cloud, Managed, Telecom & Communic

05-03-2021 02:11 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Disaster Recovery as a Service Market, By Service Type

Data Protection as a Service (DPaaS) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $28,878 million by 2022, registering a CAGR of 31.5% during the period 2016-2022. Private cloud deployment model generated the largest DPaaS market share in 2015 while hybrid cloud sub-segment is expected to register fastest growth during the forecast period 2016-2022. North America is expected to be the largest market over the forecast period.

Download a Sample copy of Report:- https://www.alliedmarketresearch.com/request-sample/1882

Increasing data loss concerns, rise in need for backups & archives, and governance, risk & compliance are expected to drive the growth of global data protection as a service market. In addition, increasing demand for cloud-based disaster recovery & backup for virtual machines and integration of backup & recovery services have increased significantly and are expected to provide lucrative opportunities for market growth. However, high costs and complexities in cloud deployment limit the DPaaS market growth.
The STaaS service type dominated the global market in 2015 due to. Furthermore, DRaaS is anticipated to grow at a CAGR of 32.6% during the forecast period owing to increased need to improve data security, protection of data in disaster, and assurance of seamless & continuous business operations.
Large enterprises are the leading end users in the market and are projected to continue their dominance over the forecast period. However, SMEs will witness the fastest growth over the forecast period owing to the increasing number of SMEs across the globe and deployment of cost-effective solutions.

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Key findings of the Data Protection as a Service (DPaaS) Market:
Private cloud deployment model is expected to exhibit a significant growth in the DPaaS industry
STaaS generated the highest revenue among other service types pertaining to reduced data storage costs and increased implementation by SMEs
Large enterprises dominate the global DPaaS market followed by SMEs
Asia-Pacific is projected to exhibit a substantial growth during the forecast period
The key players in the global DPaaS market include 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.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched
quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business
insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their
respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods,
Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics,
Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every
data presented in the reports published by us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.

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