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What Is Driving Global Data Protection As A Service (DPaaS) Market Growth in 2025: The Role of Rising Concerns Over Data Security Drive Growth In The Data Protection As A Service (DPAAS) Market
Data Protection As A Service (DPaaS)
Data Protection As A Service (DPaaS) Market Size Growth Forecast: What to Expect by 2025?
The market size for data protection as a service (dpaas) has seen an explosive growth in recent years. Projected to expand from $31.99 billion in 2024 to $38.68 billion in 2025, it anticipates a compound annual growth rate (CAGR) of 20.9%. The impressive growth during the historic period could be ascribed to a surge in data breaches and cyber threat incidents, strict data protection rules, heightened consciousness about data privacy issues, the widespread adoption of cloud computing, and a burgeoning remote and mobile workforce.
How Will the Data Protection As A Service (DPaaS) Market Size Evolve and Grow by 2029?
The market size for data protection as a service (dpaas) is predicted to experience substantial growth in the upcoming years, with an expected increase to $101.51 billion in 2029, reflecting a compound annual growth rate (CAGR) of 27.3%. The increase during the forecast period can be attributed to the expanding quantity and diversity of data, the evolution of hybrid and multi-cloud environments, a shift towards zero trust security models, along with an emphasis on data resilience and recovery. Key trends for the forecast period encompass cross-industry collaboration for threat intelligence, a shift towards data-centric security, a rise in the adoption of multi-cloud environments, requirements for data sovereignty and localization, and the merging of data protection and cybersecurity.
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What Drivers Are Propelling the Growth of Data Protection As A Service (DPaaS) Market Forward?
The heightened anxieties about data security and data loss are propelling the Data Protection as a Service (DPaaS) market. Data loss could be a result of internal factors like system failures or external factors such as cyber-attacks. Globally, businesses have been increasingly worried about the safety of their data following incidents of data leaks and data loss. For example, in June 2024, Hitachi Vantara, a US-based technology firm, reported a whopping 72% increase in cyber-attacks since 2021, amounting to 2,365 breaches in the U.S in 2023 that affected 343.3 million victims. Organizations are deeply troubled about their readiness to handle data security, with 69% of IT leaders questioning their ability to promptly detect breaches. Furthermore, 22% admit that crucial data remains unbacked. Therefore, the demand for Data Protection as a Service (DPaaS) solutions is skyrocketing to tackle these pressing issues.
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Which Emerging Trends Are Transforming the Data Protection As A Service (DPaaS) Market in 2025?
The data protection as a service (DPaaS) market is being moulded by new innovative advancements, such as the fusion of connected devices with the internet of things (IoT) and virtual private network (VPN). For example, Thales, a multinational company that specializes in the design, development, and production of electrical systems, introduced the CipherTrust Data Security Platform in June 2023. This platform improves data protection by offering extensive security features, including data encryption, access control, and compliance management, enabling organizations to protect sensitive data across multiple environments.
What Are the Key Segments in the Data Protection As A Service (DPaaS) Market?
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
Subsegments:
1) By Disaster Recovery As A Service (DRaaS): Cloud-Based Disaster Recovery, On-Premises Disaster Recovery Solutions
2) By Backup As A Service (BaaS): Cloud Backup Solutions, Hybrid Backup Solutions, Local Backup Solutions
3) By Storage As A Service (STaaS): Object Storage Services, Block Storage Services, File Storage Services
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Who Are the Key Players Shaping the Data Protection As A Service (DPaaS) Market's Competitive Landscape?
Major companies operating in the data protection as a service (DPaaS) market include IBM Corporation, Amazon. com Inc., Hewlett-Packard Development Company LP, Commvault Systems, VMware Software Private Limited, Quantum Corporation, veeam Software, Dell Inc., Veritas Technologies, Quest Software Inc., NxtGen Datacenter & Cloud Technologies Pvt. Ltd., Hitachi Vantara Corporation, Atos SE, 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
What Geographic Markets Are Powering Growth in the Data Protection As A Service (DPaaS) Market?
North America was the largest region in the data protection as a service (DPaaS) market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data protection as a service (DPaas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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