Global Data Protection as a Service Market is growing Rapidly In Near Future.

According to the latest research by SkyQuest Technology, the Global Data Protection as a Service Size was valued at US$ xx billion in 2021. It is expected to reach a value of US$ xx billion by 2028, at a CAGR of xx% over the forecast period (2022 - 2028). The research provides up-to-date Data Protection as a Service Market analysis of the current market landscape, latest trends, drivers, and overall market environment.

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The rising use of next-generation technologies and the migration of data to a cloud model in order to promote flexibility, and agility, and maximize cost savings are some of the major drivers impacting the market growth. To store and protect important data from data loss, data theft, and operational disasters, organizations are contemplating data security solutions and services via the cloud. The market for IT infrastructure has been significantly changed by the shift from product-based solutions to service-based options. The service model is being used more frequently by businesses to deliver business results to their customers and suppliers. The emphasis on resilience was a major driver of the shift to the service-based paradigm as businesses manage thousands of data types. By aiding companies in adopting backup solutions at scale, data protection as a service (DPaaS), which delivers data protection across computing, storage, and network environments, has shown to be the most reliable service among infrastructure services.

The DPaaS solutions also help to secure and regain access to the data and information in the database. For instance, certain companies that use high-performance computing environments or edge computing frequently suffer high data flow rates within their functional levels and have limited bandwidth and insufficient backups to handle the rush of information. Because of their restricted capabilities, organizations may incur considerable operating costs to retrieve the lost data as a result of even a slight error in the backup procedure. To provide their functional, administrative, and development teams with practical recovery options so they can routinely backup their data before something goes wrong, enterprises are increasingly using DPaaS solutions.

Read the market research report, "The global Data Protection as a Service Market is segmented based on Service Type, Deployment, End Use, and Region. Based on Service Type, the market is segmented as Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), and Storage as a Service (STaaS). The market Based on Deployment, is classified as Public Cloud, Private Cloud, and Hybrid Cloud. Based on End Use the market is further sub- segmented into SMEs, Large Enterprises, & By Region - Forecast and Analysis 2022-2028" by SkyQuest

Additionally, the increasingly severe regulations and standards, such the GDPR policy and the Data Protection Act, are putting greater compliance obligations on firms. This puts more pressure on companies to focus on their compliance framework and conduct routine audits in order to demonstrate their accountability. Because they assist organisations in overcoming challenges and reducing their exposure risks associated with data protection, data protection services are becoming more crucial as rules get stricter. It necessitates collaboration, adherence to controls, knowledge of data protection artefacts and procedures, and the provision of incident capabilities.

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The expanding Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) trends among organisations are another element that is driving the market's growth. By utilising BYOD rules, employees can register their own devices and share them with the business to boost productivity. Because of this, one of the biggest problems for businesses is the rise in risks related to data storage, data piracy, and theft. Businesses employ DPaaS services and products to lessen such challenging issues. Additionally, the pandemic effects of COVID-19 have forced organisations to migrate their services and solutions to the cloud. Businesses that increasingly rely on remote network infrastructure choose recovery services. Additionally, rising data theft incidents also indicate that the market will expand in 2021.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Global Data Protection as a Service Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings
● Drivers- Data security refers to the set of procedures and policies designed to protect critical information technology (IT) infrastructure. It also contained files, databases, accounts, and networks. Effective data security relies on a combination of tools, controls, and strategies to assess the value of different datasets and implement the most appropriate security controls. In addition, rising data theft, data piracy, and risks associated with data storage, and cyber-attack incidents are driving the expansion of global Data Protection as a Service Market.
● Restraint- The General Data Protection Regulation (GDPR), Payment Card Industry Data Security Standard (PCI DSS), and Health Insurance Portability and Accountability Act (HIPAA) have created a series of costs that will cost organizations between $7.7 million and $7.7 million. It's a privacy law with requirements. $30.9 million in meeting or maintaining compliance, depending on industry. Additionally, disaster recovery is an enterprise method for restoring access and functionality of IT infrastructure due to economic disruptions caused by natural disasters, cyberattacks, and the COVID-19 pandemic. A disaster recovery strategy can include a variety of disaster recovery technologies.

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What does this Report Deliver?
● Market Estimation for 20+ Countries
● Global Data Protection as a Service Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional, and Country-specific Data Protection as a Service Market Trends
● Comprehensive Mapping of Data Protection as a Service Market Parameters
● Attractive Investment Proposition in the Global Data Protection as a Service Market
● Competitive Strategies Adopted by Global Data Protection as a Service Market Key Players
● Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Data Protection as a Service Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Global Data Protection as a Service Market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities, and Growth
● Porter's five force analysis to know the market's condition
● Pricing Analysis and Global Data Protection as a Service Market Sales
● Parent market analysis
● Product portfolio benchmarking

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SkyQuest has segmented the Global Data Protection as a Service Market based on Component, Product, Application, and Region:

● Global Data Protection as a Service Market by Service Type Outlook (Revenue, USD Million, 2016 - 2027)
o Disaster Recovery as a Service (DRaaS)
o Backup as a Service (BaaS)
o Storage as a Service (STaaS)

● Global Data Protection as a Service Market by Deployment Outlook (Revenue, USD Million, 2016 - 2027)
o Public Cloud
o Private Cloud
o Hybrid Cloud

● Global Data Protection as a Service Market by End-use Outlook (Revenue, USD Million, 2016 - 2027)
o SMEs
o Large Enterprises

● Global Data Protection as a Service Market by Regional Outlook (Revenue, US$ million, 2021 - 2028)

o North America
● THE US
● Canada
o Europe
● The UK
● Germany
● Rest of Europe
o The Asia Pacific
● China
● India
● Japan
● Rest of Asia Pacific
o Latin America
● Brazil
● Mexico
● Rest of Latin America
o Middle East & Africa

Key Players in the Global Data Protection as a Service Market
● Asigra, Inc.(Canada)
● Amazon Web Services, Inc.(US)
● Cisco Systems, Inc.(US)
● Commvault Systems, Inc. (Commvault Systems, Inc.)
● Dell Inc. (Dell Inc.)
● HP Development Company L.P.(US)
● IBM(US)
● Microsoft(US)
● NetApp, Inc.(US)
● Oracle(US)

About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

Contact Us-
SkyQuest Technology Consulting Pvt. Ltd.
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Westford,
Massachusetts 01886
USA (+1) 617-230-0741
Email- info@skyquestt.com
Website: https://www.skyquestt.com/

This release was published on openPR.