"Smart Strategies, Giving Speed to your Growth Trajectory"

Data Protection as a Service (DPaaS) Market Size, Share and Analysis By Service(Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), Storage as a Service (STaaS)), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By End-use Industry (BFSI, Healthcare, Government, IT and Telecom, Defense, Energy and Power, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106632 | Status : Ongoing

 

KEY MARKET INSIGHTS

Data Protection-as-a-Service (DPaaS) is a cloud-based solution for network security and data asset protection. It can be deployed on public, private, and hybrid cloud, and provides a variety of services including backup-as-a-service (BaaS), disaster recovery-as-a-service (DraaS), and storage-as-a-service (STaaS). The hybrid cloud combines the benefits of both public and private clouds, giving businesses greater flexibility and better deployment options. For instance, the public cloud might be used for low-security, high-volume data, while the private cloud could be used for important processes that require high security. As a result of its efficient control, flexibility, and cost-effectiveness, the hybrid cloud architecture is gaining favour. Virtualization solutions such as a virtual private network (VPN), firewalls, and hypervisors are used to remotely monitor an organization's network infrastructure. They also make it easier to save archive data for a long time and restore data-in-transit and data-at-rest quickly. For instance, DPaaS is used by several enterprises to improve network security and improved data security for data-in-transit and data-at-rest.


One of the primary factors driving the market growth is rising virtualization of information technology (IT) infrastructure throughout the world. The industry is also being driven by the increased usage of cloud computing and software-defined data centers. DPaaS is widely used by cloud service providers to deliver improved data and network security for businesses.


  • Netmagic was among the first few companies in India to offer cloud services, managed security, software-defined storage services, and disaster recovery-as-a-service.


The rising number of data thefts and cybercrimes linked to hybrid clouds and mobile devices are boosting the use of effective DPaaS solutions. For instance,


  • The Evaluator Group reports that 58 % of enterprises adopt hybrid cloud data protection solutions for disaster recovery.


Other significant growth-inducing elements include the integration of linked devices with the internet of things (IoT) and the use of a virtual private network (VPN).  DPaaS is a service that encrypts, stores, and secures huge amounts of data created by individuals and businesses for improved operational efficiency and data resiliency and is deployed on IoT-enabled devices. Other factors, including considerable advancements in IT infrastructure and intensive research and development (R&D) operations, are expected to further fuel the market.

However, the high cost and limited capabilities may hamper the growth of data protection as a service market.

Impact of Covid-19 on Data Protection as a Service Market


COVID-19 had a positive impact on the data protection as a service market.  The way people live and work has evolved, from social distancing to required remote working, ceasing unnecessary physical meetings, and encouraging hand hygiene protocol. The implementation of this approach may demand company acts that require efficient methods of data protection by public institutions and private companies, which may have a positive impact on the data protection as a service market.

Key Insights


The report will cover following key insights:


  • Micro Macro Economic Indicators

  • Drivers, Restraints, Trends and Opportunities

  • Business Strategies Adopted by the Players

  • Impact of COVID-19 on Data Protection as a Service Market

  • Consolidated SWOT Analysis of Key Players


Analysis by Service Type


Backup as a Service (BaaS) is expected to account for maximum market share owing to its capability to backs up and secures the data files or the entire contents of a hard drive on a regular basis via a network connection to a remote secure cloud-based data repository. Disaster Recovery as a Service (DRaaS) is anticipated to be the fastest growing service in near future. DRaaS backs up and secures your entire server, including the operating system, applications, and configuration, as well as data having an evident advantage over BaaS.

Regional Analysis


To gain extensive insights into the market, Request for Customization


North America is expected to dominate the market because of the well-developed infrastructure and increased awareness of technological advancements. Europe might capture significant market share owing to growing investments in advanced technologies and imposition of favorable government policies associated with security.

During the projection period, the Asia Pacific region is expected to grow rapidly due to rising need for data security in prominent countries such as India and China. In addition, the usage of digital and cloud-based technologies to maintain work efficiency is increasing in the region.

Countries in the Middle East and Africa are experiencing rapid growth. However, data protection as a service industry will develop relatively slowly than other major regions. The market is expected to grow at a slower pace during the forecast period due to a lack of awareness and technical advances.

Key Players Covered


The report will include the profiles of key players such as Oracle Corporation, McAfee, CA Technologies, Acronis International GmbH, Veeam Software, Carbonite Inc., NetApp Inc., Red Hat Inc., Microsoft Corporation, Quantum Corporation, Acronis International GmbH, Veeam Software, Quest Software, VMware Inc., IBM Corporation, Amazon Web Services Inc., Commvault, Symantec Corporation, and HP Company.

Segmentation


















By Service


By Enterprise Size


By End-use Industry


By Geography



  • Disaster Recovery as a Service (DRaaS)

  • Backup as a Service (BaaS)

  • Storage as a Service (STaaS)




  • Large Enterprises

  • Small and Medium Enterprises




  • BFSI

  • Healthcare

  • Government

  • IT and Telecom

  • Defense

  • Energy and Power

  • Others




  • North America (USA and Canada)

  • South America (Brazil, Argentina, Rest of South America)

  • Europe (Germany, U.K., France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe)

  • Middle East and Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of MEA.

  • Asia Pacific (China, Japan, India, South Korea, ASEAN, Oceania, Rest of APAC)



Key Industry Developments



  • In October 2021, Microsoft Corp. announced the release of a privacy management tool for its 365 programme to help clients comply with international and state-level privacy standards. Privacy Management for Microsoft 365 identifies privacy concerns linked with personal data in products like email and decides if data is being overshared, moved, or unused.

  • In May 2021, GLESEC, a Cyber-Security company, launched Orchestrated Data Leakage Detection and Protection Service to help organizations to address a critical need associated with security and compliance.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Lek
Sony
Bain & Company
ey
huawei

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X