[191 Pages Report] The Data-Protection-as-a-Service Market size was estimated at USD 24.95 billion in 2023 and expected to reach USD 29.70 billion in 2024, at a CAGR 20.79% to reach USD 93.66 billion by 2030.
Data protection as a service (DPaaS) is a cloud-based or online-delivered service developed to protect the specific data of various organizations. It implements protection by creating a copy of the data and storing it separately. Additionally, DPaaS providers offer multiple metrics such as data analysis software, firewalls, and VPNs or tunnels designed to enhance security for remote workers. An increase in concerns about data loss, a rise in the need for data backups & archives, and governance, risk, and compliance requirements for data storage is expanding the usage of data protection as a service. However, the high incurrence of costs is impeding the market’s growth. The growing need for cloud-based disaster recovery and backup for virtual machines is expected to be opportunistic for data protection as a service market growth. Additionally, the growing choose your own device (CYOD) and brings your own device (BYOD) trends among organizations are the other factors contributing to the market growth.
Regional Insights
The rise in cases of data breaches across the countries in the Americas is expanding the demand for data protection as a service in the region. According to the U.S. Department of Health and Human Services (HSS), in 2021, the total number of U.S. residents affected by healthcare data breaches was around 46 million. As per Identity Theft Resource Center, in the 1st half of 2022, the total number of data compromises in the United States came in at a total of 817 cases. Meanwhile, throughout the same time, over 53 million individuals were affected by data compromises, which included data breaches, data leakage, and data exposure. The growing adoption of managed services, security solutions, and data hosting services contributes to the growth of data protection-as-a-service in APAC and EMEA. Furthermore, the continued digitization transformation trend is the other factor contributing to regional growth. As a result of digital transformation, a high volume of data is stored on the computing infrastructure; thus, to maintain and safeguard the critical IT infrastructure from power outages, sudden infrastructure failures, and natural disasters, businesses are increasingly adopting disaster recovery and backup solutions and services.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Data-Protection-as-a-Service Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Data-Protection-as-a-Service Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Data-Protection-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Accruent, LLC, Acronis International GmbH, Amazon Web Services, Inc., Arcserve (USA), LLC, Asigra Inc., Cisco Systems, Inc., Clarip Inc., Clumio, Inc., Code42 Software, Inc., Cognizant Technology Solutions Corporation, Commvault Systems, Inc., Dell Inc., Druva Inc., Hewlett Packard Enterprise Development LP, Hitachi Vantara Corporation, HYCU, Inc., Imperva, Inc., Infrascale Inc., Internatinal Business Machines Corporation, Kyndryl Holdings, Inc., McAfee, LLC, Microsoft Corporation, NetApp, Inc., NxtGen Datacenter & Cloud Technologies Private Limited, Open Text Corporation, Oracle Corporation, Palo Alto Networks, Inc., Privaon Oy, Protegrity Corporation, Quantum Corporation, Quest Software Inc., SentinelOne, Inc., T-Systems International GmbH, TechnologyAdvice, LLC, Techopedia Inc., Veritas Storage (Ireland) Limited, VMware, Inc., and Volico Data Centers.
Market Segmentation & Coverage
This research report categorizes the Data-Protection-as-a-Service Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Backup as a Service
- Data Access Control as a Service
- Data Auditing & Monitoring as a Service
- Data Discovery & Classification as a Service
- Data Encryption & Masking as a Service
- Data Governance & Compliance as a Service
- Disaster Recovery as a Service
- Storage as a Service
- Deployment
- Cloud-Based
- Web-Based
- Organization Size
- Large Enterprises
- Small & Medium Enterprises
- Vertical
- Aerospace & Defense
- Automotive & Transportation
- Banking, Financial Services & Insurance
- Building, Construction & Real Estate
- Consumer Goods & Retail
- Education
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- Information Technology & Telecommunication
- Manufacturing
- Media & Entertainment
- Travel & Hospitality
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Data-Protection-as-a-Service Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Data-Protection-as-a-Service Market?
- What are the technology trends and regulatory frameworks in the Data-Protection-as-a-Service Market?
- What is the market share of the leading vendors in the Data-Protection-as-a-Service Market?
- Which modes and strategic moves are suitable for entering the Data-Protection-as-a-Service Market?
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