Press release
Global Data Protection as a Service (DPaaS) Market Expected to Reach US$46.40 bn by 2024
According to a new market report published by TMR entitled “Data Protection as a Service (DPaaS) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2024,” the global Data Protection as a Service (DPaaS) Market was valued at US$4.50 bn in 2015 and is expected to expand at a CAGR of 30.1% from 2016 to 2024, reaching US$46.40 bn by the end of the forecast period.The global DPaaS market has been segmented into five major geographical regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America. In North America, the market’s growth is mainly driven by the presence of multiple vendors offering a variety of DPaaS solutions tailored to clients’ requirements. The region is predicted to retain its leading position throughout the forecast period.
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In Europe, the rising cloud spending by the governments of European countries such as the U.K., Germany, and France is observed as one of the major reasons for massive cloud adoption in both the public and private sectors of Europe.
The DPaaS market in Asia Pacific is mainly supported by an extensive reliable ICT infrastructure with a high level of opportunities for cloud exporters. This is further supported by the growing number of partnerships among regional and the U.S. cloud providers in Asia Pacific. Factors fueling the growth of DPaaS market in MEA region include rising ICT capabilities, wide acceptance of cloud technology and increasing upgrade of data centers. In Latin America, rising investment in R&D activities and the establishment of new data centers is projected to be the major driver of the market during the forecast period.
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The global Data Protection as a Service (DPaaS) market has been segmented as below:
Global Data Protection as a Service (DPaaS) Market, By Deployment Model
Public Cloud
Private Cloud
Hybrid Cloud
Global Data Protection as a Service (DPaaS) Market, By Services
Disaster Recovery as a Service (DRaaS)
Backup as a Service (BaaS)
Storage as a Service (STaaS)
Global Data Protection as a Service (DPaaS) Market, By End-users
Large Enterprises
Small and Medium Enterprises (SMEs)
Global Data Protection as a Service (DPaaS) Market, By Geography
North America (NA)
Europe (EU)
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America (LATAM)
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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