The data protection as a service (dpaas) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Data Protection As A Service DPaaS Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Data Protection As A Service DPaaS Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
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
Key Companies –
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
Table of Contents
1. Executive Summary
2. Data Protection As A Service DPaaS Market characterstics
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
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