U.S (New York) – New research study titled “Data Protection as a Service (DPaaS) Market ” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
DPaaS is a web-delivered cloud-based service designed to safeguard data assets of businesses. Several companies deploy DPaaS for better network security and advanced data security for data in transit as well as data at rest. The report combines in-depth quantitative analysis with exhaustive qualitative analysis, ranging from a macro-overview of the overall market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region. As a result, the report offers a comprehensive view of the market that addresses all of its key facets. These market hypotheses are supported by data that comes from both primary and secondary research. With the increasing amount of business data, its backup and recovery has been one of the most challenging issues. Further, the advent of cloud computing and software-defined data centers with virtualized infrastructure components delivered as a service has elevated the need for data protection in the current business scenario. The need for a common service for data protection by cloud service providers necessitated the evolution of Data Protection as a Service (DPaaS).
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Businesses seek advanced cloud features for better management and high scalability in their services. The increasing demand for cost effective DPaaS and disaster recovery services have enhanced the growth avenue of the global data protection as a service market. Further, growing concerns regarding data loss, increasing need for data backups & archives, and governance, risk & compliance requirements for storage have driven the global market at a remarkable extent. However, high incurrence of costs and complexity in cloud DPaaS deployment are the identifiable restraints of the DPaaS market growth.
The DPaaS market is segmented into deployment model, service type, end user, and geography. Public, private, and hybrid cloud are the various deployment models mentioned. Further, the types of services are Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), and Storage as a Service (STaaS). Large enterprises and small & medium enterprises are the end users analyzed in the report.
Geographically, the DPaaS market is segmented into North America, Europe, Asia-Pacific, and Latin America Middle East & Africa (LAMEA) including country-level analysis for each region.
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KEY BENEFITS
This study comprises analytical depiction of the market, with global DPaaS market trends and future estimations to depict the imminent investment pockets
The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market
The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis
The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the DPaaS industry
KEY MARKET PLAYERS PROFILED
IBM Corporation
Amazon Web Services, Inc.
HP Development Company, L.P.
Commvault Systems, Inc.
EMC Corporation
VMware, Inc.
Quantum Corporation
Asigra, Inc.
Veritas Technologies
Cisco Systems
OTHER COMPANIES MENTIONED IN THE REPORT
HTC Corporation
Red Hat
Microsoft
Citrix
OneLogin
Infocom Corporation
IBM
KEY MARKET SEGMENTS
The market is segmented on the basis of deployment model, service type, end user, and geography.
BY DEPLOYMENT MODEL
Public cloud
Private cloud
Hybrid cloud
BY SERVICE TYPE
Disaster Recovery as a Service (DRaaS)
Backup as a Service (BaaS)
Storage as a Service (STaaS)
BY END USER
Large Enterprise
Small and Medium Enterprises
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BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Market Dynamics:
Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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