Global Data Protection as a Service Market

Date : May 2019

Formats :
Report Code : PMR293943789

Category : ICT Media
No Of Pages : 0
Data Protection as a Service DPaaS is defined as the web-delivered service for safeguarding data assets of an organization. In the present business environment, major challenges faced by organizations are big business data, backup & recovery issue, protection of data and theft or loss of data, which have a deteriorating effect on the functioning of the organization. These challenges led to the development of a promising solution for all organization worldwide, giving birth to data solution services globally. This service is used to enhance network security and to build better security for data in transit as well as data at rest.

The Global DPaaS market was valued at US 4.50 Billion in 2015 and is expected to reach US 46.40 Billion by 2024, at a Compound Annual Growth Rate CAGR of 30.1% during the forecast period.

Reasons for market boom

The market is witnessing a boom specifically due to increasing amount of business data from big business houses, need for data backup and recovery, growing concern for loss of data and data storage. In addition, the advancement in cloud computing and software-defined data centers has further accelerated the need for data protection in the current business environment. However, high installation & maintenance cost and lack of skilled employees are the major restraining factors for the growth in the market.

Market segmentation

This market is primarily segmented based on deployment model, service type, end user, and geography. The deployment model is further segmented into public, private and hybrid cloud. The service model includes Disaster Recovery as a Service DRaaS , Backup as a Service BaaS , and Storage as a Service STaaS . The end-user category is primarily segmented into large, medium and small enterprises.

For better understanding of the market penetration of Data Protection as a Service, the market is analyzed based on geographies and includes the countries in North America North America U.S., Canada, Mexico & Rest of North America , Europe UK, Germany, France, Russia, Italy, Spain & Rest of Europe , Asia-Pacific China, Japan, India, South Korea, Singapore, Japan & Rest of Asia-Pacific regions and LAMEA Brazil, Argentina, UAE, Saudi Arabia, South Africa, Israel & Rest of LAMEA regions . North America dominates the market specifically due to the presence of developed economies in its region, which require increasing amount of business data, thereby displaying the need for data backup & recovery systems. With the evolution of cloud computing in Asia-Pacific countries, the market is fueled to witness a tremendous growth.

Key market players

The report also highlights few prominent players operating in the Data Protection as a service market. Key companies profiled in the report include IBM Corporation U.S. , Amazon Web Services U.S. , Inc., HP Development Company, L.P U.S. , Commvault Systems, Inc U.S. , EMC Corporation U.S. , VMware, Inc. U.S. , Quantum Corporation U.S. , Asigra, Inc. Canada , Veritas Technologies U.S. , and Cisco Systems U.S. .

Global Market Insight on Data Protection as a Service:

Market Segmentation

Market Insight, by Deployment Model

Public cloud
Private cloud
Hybrid cloud
Market Insight, by Service Type

Disaster Recovery as a Service DRaaS
Backup as a Service BaaS
Storage as a Service STaaS
Market Insight, by End User

Large Enterprise
Small and Medium Enterprises
Market Insight, by Region

North America Data Protection as a Service Market Insight
United States
Rest of North America
Europe Data Protection as a Service Market Insight
United Kingdom
Rest of Europe
Asia-Pacific Data Protection as a Service Market Insight
South Korea
Rest of Asia-Pacific
Middle East Africa Data Protection as a Service Market Insight
United Arab Emirate
Kingdom of Saudi Arabia
Rest of MENA
Latin America Data Protection as a Service Market Insight
Rest of Latin America
Companies 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

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Planet Market Reports added Latest and detailed market study report that focuses on “Global Data Protection as a Service Market" Which offers essential information based on fresh ideas into Global Data Protection as a Service Market industry along with unique market analysis which covers current top Manufactures in Global Data Protection as a Service Market, growth, Consumption Demand, challenges, Historical data, subjects wise Survey of each chapters, Regional Insights, and Advancing industry trends, which will help our clients to aim Global Data Protection as a Service Market. In addition, the report helps the customers to get a brief idea about Future demand and specifications of products which ensures the driving long-term income and productivity of global market.