Data Protection As A Service (DPaaS) Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Data protection as a service (DPaaS) refers to a collection of services that help organizations to protect their data and also improve their network security and recovery options. Data Protection-as-a-Service (DPaaS) is a cloud-based or web-based system for networking security and data loss prevention. These services are provided to the clients through multiple memberships and help organizations in cutting the costs of system security and maintenance.

Sizing and Forecast
The data protection as a service (dpaas) market size has grown exponentially in recent years. It will grow from $26.65 billion in 2023 to $32.65 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to increased data breaches and cyber threats, stringent data protection regulations, rising awareness of data privacy concerns, proliferation of cloud computing, growth in remote and mobile workforce..

The data protection as a service (dpaas) market size is expected to see exponential growth in the next few years. It will grow to $79.52 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to increasing volume and variety of data, evolving hybrid and multi-cloud environments, focus on zero trust security models, emphasis on data resilience and recovery.. Major trends in the forecast period include cross-industry collaboration for threat intelligence, shift towards data-centric security, increasing adoption of multi-cloud environments, data sovereignty and localization requirements, convergence of data protection and cybersecurity..

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Segmentation & Regional Insights
The data protection as a service (dpaas) market covered in this report is segmented –

1) By Service Type: Disaster Recovery As A Service, Backup As A Service, Storage As A Service
2) By Enterprise Size: Large Enterprise, SMEs
3) By Deployment Mode: Public Cloud, Private Cloud, Hybrid Cloud
4) By Industry: Banking, Financial Services And Insurance (BFSI), Telecom And IT, Government And Public Sector, Healthcare, Retail, Energy And Utilities, Manufacturing, Other Industries

North America was the largest region in the data protection as a service (DPaaS) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data protection as a service (dpaas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increase in concern about data loss and data security is propelling the demand in the data protection as a service (DPaaS) market. Data loss refers to the loss of data due to internal issues like system failure or external issues like cyber attacks, etc. Enterprises from all around the world have been concerned about data security recently due to incidents of data loss and data leaks. For instance, according to Identity Theft Resource Center’s report, a United States non-profit organization, the year 2021 saw 1,862 data breaches, which was up from 1,108 data breaches in 2020. These breaches have increased concerns about data loss in companies. Hence, the increasing concerns about data loss and data security are driving the data protection as a service market growth.

Key Industry Players
Major companies operating in the data protection as a service (dpaas) market report are IBM Corporation, Amazon. com Inc., Hewlett-Packard Development Company LP, Commvault Systems, VMware Software Private Limited, Quantum Corporation, veeam Software, EMC Corporation, Dell Inc., Veritas Technologies, Quest Software Inc., NxtGen Datacenter & Cloud Technologies Pvt. Ltd., Hitachi Vantara Corporation, Atos SE, Symantec Enterprise, CA Technologies, Oracle Corporation, McAfee Croporation, NetApp Inc., Acronis International GmbH, Cisco Systems Inc., Carbonite Inc., Druva Software Inc., Barracuda Networks Inc., Zerto Ltd., Unitrends Inc., Arcserve LLC, Backupify, CloudAlly Ltd., Datto Inc., Infrascale Inc., Rubrik Inc., Spanning Cloud Apps LLC, StorageCraft Technology Corporation

The data protection as a service (dpaas) market report table of contents includes:

1. Executive Summary

 

2. Data Protection As A Service (DPaaS) Market Characteristics

3. Data Protection As A Service (DPaaS) Market Trends And Strategies

4. Data Protection As A Service (DPaaS) Market – Macro Economic Scenario

5. Global Data Protection As A Service (DPaaS) Market Size and Growth

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31. Global Data Protection As A Service (DPaaS) Market Competitive Benchmarking

32. Global Data Protection As A Service (DPaaS) Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Data Protection As A Service (DPaaS) Market

34. Data Protection As A Service (DPaaS) Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

IBM Corporation

Amazon. com Inc

Hewlett-Packard Development Company LP

Commvault Systems

VMware Software Private Limited

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