Press release
Data Protection As A Service (DPaaS) Market Key Players, Trends, Share, Size, Growth Analysis 2024-2033
Data Protection As A Service (DPaaS) Market
The Business Research Company offers in-depth market insights through Data Protection As A Service DPaaS Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The data protection as a service (dpaas) market size has grown exponentially in recent years. It will grow from $26.65 billion in 2023 to $32.65 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to increased data breaches and cyber threats, stringent data protection regulations, rising awareness of data privacy concerns, proliferation of cloud computing, growth in remote and mobile workforce.
The data protection as a service (dpaas) market size is expected to see exponential growth in the next few years. It will grow to $79.52 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to increasing volume and variety of data, evolving hybrid and multi-cloud environments, focus on zero trust security models, emphasis on data resilience and recovery. Major trends in the forecast period include cross-industry collaboration for threat intelligence, shift towards data-centric security, increasing adoption of multi-cloud environments, data sovereignty and localization requirements, convergence of data protection and cybersecurity.
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Market Segmentation:
The data protection as a service (dpaas) market covered in this report is segmented -
1) By Service Type: Disaster Recovery As A Service, Backup As A Service, Storage As A Service
2) By Enterprise Size: Large Enterprise, SMEs
3) By Deployment Mode: Public Cloud, Private Cloud, Hybrid Cloud
4) By Industry: Banking, Financial Services And Insurance (BFSI), Telecom And IT, Government And Public Sector, Healthcare, Retail, Energy And Utilities, Manufacturing, Other Industries
Major Driver - Rising Concerns Over Data Security Drive Growth In The Data Protection As A Service (DPAAS) Market
The increase in concern about data loss and data security is propelling the demand in the data protection as a service (DPaaS) market. Data loss refers to the loss of data due to internal issues like system failure or external issues like cyber attacks, etc. Enterprises from all around the world have been concerned about data security recently due to incidents of data loss and data leaks. For instance, according to Identity Theft Resource Center's report, a United States non-profit organization, the year 2021 saw 1,862 data breaches, which was up from 1,108 data breaches in 2020. These breaches have increased concerns about data loss in companies. Hence, the increasing concerns about data loss and data security are driving the data protection as a service market growth.
Competitive Landscape:
Major companies operating in the data protection as a service (dpaas) market report are IBM Corporation, Amazon. com Inc., Hewlett-Packard Development Company LP, Commvault Systems, VMware Software Private Limited, Quantum Corporation, veeam Software, EMC Corporation, Dell Inc., Veritas Technologies, Quest Software Inc., NxtGen Datacenter & Cloud Technologies Pvt. Ltd., Hitachi Vantara Corporation, Atos SE, Symantec Enterprise, CA Technologies, Oracle Corporation, McAfee Croporation, NetApp Inc., Acronis International GmbH, Cisco Systems Inc., Carbonite Inc., Druva Software Inc., Barracuda Networks Inc., Zerto Ltd., Unitrends Inc., Arcserve LLC, Backupify, CloudAlly Ltd., Datto Inc., Infrascale Inc., Rubrik Inc., Spanning Cloud Apps LLC, StorageCraft Technology Corporation
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Top Trend - Integration Of Connected Devices Reshaping The Data Protection As A Service (DPAAS) Market
New technological advancements like the integration of connected devices with the internet of things (IoT) and virtual private network (VPN) are shaping the data protection as a service (DPaaS) market. For instance, in May 2021, GLobal Electronic-SECurity (GLESEC), a cyber-security firm announced the launch of its new Orchestrated data leakage detection and protection service. This security-as-a-service has a unique offering of detecting and protecting data leakage without the need to classify all the information of the company. With this service, the company would address the need for the organization's security requirements.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Protection As A Service DPaaS Market Characteristics
3. Data Protection As A Service DPaaS Market Trends And Strategies
4. Data Protection As A Service DPaaS Market - Macro Economic Scenario
5. Data Protection As A Service DPaaS Market Size And Growth
…..
27. Data Protection As A Service DPaaS Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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