Report Ocean recently released a research report on the Data Protection As A Service Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global data protection as a service (DPaaS) market was US$ 11.79 billion in 2020. The global data protection as a service (DPaaS) is forecast to reach the value of US$ 162.15 billion by 2030 by growing at a compound annual growth rate (CAGR) of about 30.2% during the forecast period from 2021-2030. Data Protection as a service (DPaaS) is a cloud-based web delivery service that helps preserve business data with excellent security features.
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COVID-19 Impact Analysis
The wake of the COVID-19 pandemic fueled the adoption of technology. Businesses began depending on technology to enable remote workforces. The demand for cloud platforms suddenly raised. Thus, it increased the necessity of data security services, backup, and recovery, etc. As a result of the changing era, the global data protection as a service market may grow incredibly fast.
The cybercrime cases suddenly grew during the pandemic. It mandated the demand for measures to save data from fraudulent activities. As a result, the market grew significantly during the pandemic period.
Factors Influencing
- Small, medium and large enterprises use DPaaS to protect the data. In the growing era of cloud computing, reliability on the internet has surged the demand for data protection. Moreover, sensitive data can lead to harm if it gets hacked. Thus, the companies adopt DPaaS to enhance the security of the data. The market is forecast to grow rapidly with the growing use of the internet.
- The different demands of the business enterprises can present significant opportunities for the market players thriving in the global data protection as a service (DPaaS) market. Moreover, the events of partnership may result in significant growth in the coming years.
- The growing advancements and the deployment of data centers may create favorable opportunities for market growth.
- The global data protection as a service (DPaaS) industry is forecast to gain traction, owing to the increasing cases of cyber threats globally.
- High initial costs associated with this platform may negatively impact the growth of the global DPaaS market.
Geographic Analysis
Geographically, the global data protection as a service (DPaaS) market is growing rapidly in North America. The market is forecast to witness notable growth by recording the highest revenue during the estimated period. It is due to the booming growth of the I.T domain and cloud-based computing.
The Asia-Pacific is forecast to lead with the second-highest revenue generation. It is due to the increasing adoption of cloud-based computing. As the demand for cloud-based computing would increases, the demand for data protection services would also increase. As a result, the global market for data protection as a service (DPaaS) would expand in the Asia Pacific region.
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Market Segmentation
By Deployment Model
- Public cloud
- Private cloud
- Hybrid cloud
By End-User
- Large Enterprise
- Small and Medium Enterprises
By Service Type
- DRAAS
- BAAS
- STAAS
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
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- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Competitors in the Market
- IBM Corporation
- Amazon Web Services, Inc.
- Hewlett-Packard Development Company, L.P.
- Commvault Systems, Inc.
- EMC Corporation
- VMWARE, Inc.
- Quantum Corporation
- Asigra, Inc.
- Veritas Technologies
- Cisco Systems
- Other Prominent Players
Table of Content
Chapter 1: Global Data Protection As A Service Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Data Protection As A Service market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Data Protection As A Service Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Data Protection As A Service market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Data Protection As A Service market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Data Protection As A Service market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Data Protection As A Service market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Data Protection As A Service business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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