The Data Protection As A Service (DPaaS) by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Data Protection As A Service (DPaaS) , 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..
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.
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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
New technological advancements like the integration of connected devices with the internet of things (IoT) and virtual private network (VPN) are shaping the data protection as a service (DPaaS) market. For instance, in May 2021, GLobal Electronic-SECurity (GLESEC), a cyber-security firm announced the launch of its new Orchestrated data leakage detection and protection service. This security-as-a-service has a unique offering of detecting and protecting data leakage without the need to classify all the information of the company. With this service, the company would address the need for the organization’s security requirements.
The data protection as a service (dpaas) market report table of contents includes:
- Executive Summary
- Data Protection As A Service (DPaaS) Market Characteristics
- Data Protection As A Service (DPaaS) Market Trends And Strategies
- Data Protection As A Service (DPaaS) Market – Macro Economic Scenario
- Global Data Protection As A Service (DPaaS) Market Size and Growth
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- Global Data Protection As A Service (DPaaS) Market Competitive Benchmarking
- Global Data Protection As A Service (DPaaS) Market Competitive Dashboard
- Key Mergers And Acquisitions In The Data Protection As A Service (DPaaS) Market
- Data Protection As A Service (DPaaS) Market Future Outlook and Potential Analysis
- Appendix
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