openPR Logo
Press release

Data Protection as a Service (DPaaS) Market: Demand Scaling Well with Increasing Cloud Workloads

Data Protection as a Service (DPaaS) Market: Demand Scaling Well

The three leading providers of data protection as a service models in 2015 were EMC Corporation, HP Development Company, L.P., and Amazon Web Services, Inc. They held leading shares in DPaaS consistently till now and are additionally showing a high rate of growth over the coming years. The data protection as a service models provided by IBM Corporation are considered to hold strong potential.

As per a new publication by Transparency Market Research, the global market for data protection as a service is in a state of intense competition, due to the high proliferation of cloud computing in multiple industries and sectors around the world. With data recovery and disaster management of data fast becoming the top priorities of both large enterprises and SMEs, the providers of data protection as a service are situated in a highly promising position of growth till 2024.

Obtain Report Details @https://www.transparencymarketresearch.com/data-protection-as-a-service-dpaas-market.html

The global market for data protection as a service is expected to show an astronomical CAGR of 30.1% within the forecast period from 2016 to 2024, with respect to its revenue. The revenue is expected to be US$5.66 bn by the end of 2016 and is projected to reach US$46.40 bn by the end of 2024.

North America Leads Demand for DPaaS

North America, with its massive IT industry and the growing scope of cloud computing in the public sector, is expected to retain its dominant share in the global market for data protection as a service. By the end of 2024, North America is expected to generate as much as US$14.07 bn in DPaaS revenue.

Asia Pacific on the other hand is expected to be the faster region in terms of demand for data protection as a service. This region’s DPaaS market is projected at a CAGR of 33.6% from 2016 to 2024.

Globally, the private cloud has been the more preferred deployment model for data protection as a service. This segment is expected to generate US$20.123 bn by the end of 2024. Meanwhile, hybrid clouds are expected to show the faster growth in demand as far as the deployment of DPaaS is concerned. It is projected at a CAGR of 31.1% from 2016 to 2024.

In terms of the types of services offered in DPaaS, DRaaS is expected to overtake BaaS by 2024, reaching a revenue of US$19.73 bn.

DPaaS Need Increases With Growing Cloud Computing Workloads

One of the key drivers for the global data protection as a service market is the staggering volumes of workload taken up by the cloud computing application markets. There is a very high degree of virtualization today, with SaaS, PaaS, and IaaS being pushed across multiple industry verticals. The overall workload is rapidly migrating from conventional data centers to cloud-based platforms.

“With greater cloud-based workloads will come a greater need for data protection. This is where the providers of data protection as a service come in, supplying the needful,” states a TMR analyst.

Complexity and Compatibility Still hampering DPaaS Proliferation

DPaaS solutions can be extremely complicated in nature when it comes to deployment. This has to do with the current IT systems and infrastructure already in place. This system can be quite complex and detailed, and to replicate the same on a cloud platform can become very difficult and time consuming. There is a relative lack of redundancy solutions being offered by DPaaS providers, further increasing the restraining factor on the market’s growth.

Make an Enquiry @https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11144

There is also the issue of compatibility when it comes to the cloud applications and their use in multiple industry verticals. Most data protection as a service solutions are high-transaction and critical in nature, thereby allowing little scope of creating archetypes that can be applied across different vertical, thereby restraining the market’s growth.

The analyst adds, “There is still an immense scope of growth left for data protection as a service providers in emerging economies, especially the Asia Pacific region. India, China, and Southeast Asia are expected to become key regions in the utility of cloud computing, thus becoming key sources of finding users for data protection as a service solutions.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Data Protection as a Service (DPaaS) Market: Demand Scaling Well with Increasing Cloud Workloads here

News-ID: 834418 • Views: 132

More Releases from Transparency Market Research

Global Genome Engineering Market: Business Growth, Development Factors, Applicat …
TMR’s report on the global genome engineering market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global genome engineering market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth
Sintering Process Market Growth Trends, Current Demand, and Development Report
Global Sintering Process Market: Snapshot The global sintering process market is prophesied to gain largely from the competent flourish of powder metallurgy and its applications in a range of industries. Power metallurgy-based process routes incorporating hot isostatic pressing (HIP) and exceptionally good properties are mainly employed in land-based and aero-engine gas turbine applications. Titanium powder metallurgy gathers a growing interest in the airframe industry for weight reduction in replacement steel parts
Medical Textiles Market Report Analysis: Emerging Trends, Business Growth Opport …
Global Medical Textiles Market: Snapshot The global medical textiles market is growing on the back of plethora of reasons. The government bodies of many worldwide countries have introduced diverse stringent regulations that compel the use of medical textiles. At the same time, these government organizations are offering financial support for non-implantable goods. These factors are working as key drivers for the development of the global medical textiles market. An upcoming research report
Anti-Hypertensive Drugs Market Industry Analysis Size, Share, Trend, Business Op …
Global Anti-Hypertensive Drugs Market: Overview Hypertension is a chronic medical condition in which the arterial blood pressure is elevated to an undesired level. Also referred to as arterial hypertension or high blood pressure in generic terms, the condition is measured in terms of systolic and diastolic pressure. At rest blood pressure level is in the range of 120-140 mm Hg systolic and 60-90mm Hg diastolic. Hypertension arises when it is persistently

All 5 Releases


More Releases for PaaS

Platform as a Service (PaaS) - The Rising Adoption Rate of Paas Solutions In Cos …
A new market research report examining the global Platform as a Service (PaaS) market, recently published by Transparency Market Research, states that the market, which stood at a valuation of US$1.60 bn in 2013, will expand at an robust 25.7% CAGR between 2014 and 2020, and rise to a valuation of US$7.98 bn by 2020.The report is titled “Platform as a Service (PaaS) Market - Global Industry Analysis, Size, Share,
Platform-as-a-Service Market to 2022 - Worldwide Insights by Public, Private and …
The New Report on "Global Platform-as-a-Service (PaaS) Market Size, Status and Forecast 2022 Report 2017" published by ReportsWeb, covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report studies the global Platform-as-a-Service (PaaS) market, analyzes and researches the Platform-as-a-Service (PaaS) development status and forecast in United States, EU, Japan, China, India and Southeast
Platform-as-a-Service (PaaS) Market 2017 Development Trends
This report studies the global Platform-as-a-Service (PaaS) market, analyzes and researches the Platform-as-a-Service (PaaS) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like ActiveState Anaplan AppearIQ Apprenda AppScale AWS Elastic Beanstalk Cloud Foundry Cloudera Distelli Corvisa Engine Yard Fujitsu Google App Engine Heroku Hewlett Packard IBM Bluemix Jelastic Microsoft Azure Web Sites Mendix OpenShift Oracle Pivotal Software Progress Software QlikView Ragic Red Hat Rollbase SAP Tsuru (PaaS) WaveMaker For more information about this report at http://www.reportsweb.com/global-platform-as-a-service-paas-market-size-status-and-forecast-2022 Market segment by Regions/Countries, this report covers United States EU Japan China India Southeast Asia Market segment
Global IaaS & PaaS Market Report Rapidly Growing Economy 2017
ReportsWeb.com has announced the addition of the “Global IaaS & PaaS Market Size, Status and Forecast 2022” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. This report studies the IaaS & PaaS market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major
Global IaaS & PaaS Market Size, Status and Forecast 2022
This report studies the IaaS & PaaS market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the IaaS & PaaS market by product and Application/end industries. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast-growing India and Southeast Asia regions. Fill the form
Global IaaS & PaaS Market Size, Status and Forecast 2022
This report studies the IaaS & PaaS market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the IaaS & PaaS market by product and Application/end industries. The global IaaS & PaaS market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end