Global Market for Data Protection as a Service is Anticipated to grow at a Significant Pace i.e., USD 80.15 Billion during the Forecast Period 2021-2027

Published Date: Jul, 2021

The global data protection as a service (DPaaS) market is expected to witness a CAGR of 30.8% during the forecast period 2020-2027. The global data protection as a service (DPaaS) market is growing due to stringent government regulations such as GDPR policy, Data Protection Act for IT security, and digitalization of enterprises. Integration of backup services and recovery, rise in concerns for data loss, the need for data backups and archives, and assurance of seamless and continuous business operations are the factors that drive the global DPaaS market. Moreover, the use of next-generation technologies and the rise in migration of data to a cloud model in order to gain flexibility, agility, and reduce cost is also the factor affecting the market growth of DPaaS. In addition, the COVID19 pandemic has forced organizations to push their solutions and services to the cloud. The increasing reliance on remote network infrastructure has affected companies' choice to restore services.

VMware Inc. announced the creation of the Astrolabe Data Protection framework for complicated applications. Data discovery and replication, as well as the restoration of complicated applications, are all possible with the newly built data protection architecture. With APIs for data extraction, recovery, and copying, the framework provides a data protection-centric strategy for applications.

Browse 44 market data Tables and 30 Figures spread through 155 Pages and in-depth TOC on " Data Protection as a Service Market by Service (Backup as a Service (BaaS), Disaster Recovery as a Service (DRaaS), Storage as a Service (STaaS), by Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), by Organization Size (Small and Medium Enterprises and Large Enterprises), by End User (Telecom & IT, Retail Manufacturing, Government and Public Sector, BFSI, Energy and Utilities, Others), and Region - Global Forecast to 2027"

Increase in adoption of hybrid cloud solutions playing an important role in the expansion of the market

Based on deployment, hybrid cloud is anticipated to be the fastest-growing segment because it includes the services of both public and private clouds. Furthermore, many enterprises are focusing on a high level of security and privacy on the cloud which provides flexibility, more optimized deployment solutions, and meets the changing computing needs and costs involved in it.

Global Data Protection as a Service (DPaaS) Market Segmentation Analysis

 

Segment

Categorization

Leading Category

Service

Backup as a Service (BaaS), Disaster Recovery as a Service (DRaaS), Storage as a Service (STaaS)

Disaster Recovery as a Service (DRaaS) (Fastest)

 

Deployment Type

Public Cloud, Private Cloud, Hybrid Cloud

Hybrid Cloud (Fastest)

 

Organization Size

Small and Medium Enterprises, Large Enterprises

 

Small and Medium Enterprises

(Fastest)

End User

Telecom & IT, Retail Manufacturing, Government and Public Sector, BFSI, Energy and Utilities, and Others

Telecom & IT (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia Pacific (Fastest)

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"North America is expected to hold a substantial share in the overall market over the projected period."

North America's dominance on the Data Protection as a Service (DPaaS) market is anticipated to continue during the forecast period, owing to the rise in digitalization of enterprises, rising cases of cyberattacks, increased spending on data protection solutions and cloud-based services, and a rise in stringent government regulations. In addition, the presence of major multinational companies, cloud solution vendors, and extensive IT infrastructure has further promoted the data protection service market in these regions.

Some of the key players in DPaaS market include Commvault Systems, Inc., Acronis International GmbH, Carbonite, Inc., International Business Machines Corporation, Veritas Technologies, Hewlett Packard Enterprise Company, and Quantum Corporation.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2027

Segments Covered in the Study

Service, Deployment Type, Organisation Size, End User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

COMMVAULT SYSTEMS, INC., ACRONIS INTERNATIONAL GMBH,CARBONITE, INC., INTERNATIONAL BUSINESS, MACHINES CORPORATION, Veritas Technologies, HEWLETT PACKARD ENTERPRISE COMPANY, QUANTUM CORPORATION

Global Data Protection as a Service Market Coverage

Service Insight and Forecast 2020-2027

  • Backup as a Service (BaaS)
  • Disaster Recovery as a Service (DRaaS)
  • Storage as a Service (STaaS)

Deployment Type Insight and Forecast 2020-2027

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Organization Size Insight and Forecast 2020-2027

  • Small and Medium Enterprises
  • Large Enterprises

End-User Insight and Forecast 2020-2027

  • Telecom & IT
  • Retail
  • Manufacturing
  • Government and Public Sector
  • BFSI
  • Energy and Utilities
  • Others

Geographical Segmentation

Data Protection as a Service Market by Region

North America

  • By Service Type
  • By Deployment Type 
  • By Organisation Size
  • By End User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Service Type
  • By Deployment Type  
  • By Organisation Size
  • By End User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Service Type
  • By Deployment Type
  • By Organisation Size
  • By End User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Service Type
  • By Deployment Type
  • By Organisation Size
  • By End User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

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Global Market for Data Protection as a Service is Anticipated to grow at a Significant Pace i.e., USD 80.15 Billion during the Forecast Period 2021-2027