Data Protection as a Service (DPaaS) Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Data Protection as a Service (DPaaS) Market

Data Protection as a Service (DPaaS) Market by Service Type (Backup as a Service, Storage as a Service, and Disaster Recovery as a Service), by Deployment Model (Private Cloud, Hybrid Cloud, and Public Cloud), Organization Size (Large Enterprises and SMEs), by End Use Industry (BFSI, Telecom & IT, Government & Public Sector, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-6144 Published Date: May-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 13.19 Billion USD 119.57 Billion 31.7% 2020

Data Protection as a Service (DPaaS) Market

Global Data Protection as a Service (DPaaS) Market Overview

The global data protection as a service (DPaaS) market size was USD 13.19 Billion in 2020 and is expected to reach USD 119.57 Billion by 2028, growing at a CAGR of 31.7% from 2021 to 2028.

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Data protection as a service (DPaaS) is a collection of cloud-based or web-delivered services that enable companies to secure their data assets and improve their network security and recovery options through a range of provided features on a subscription-style model. DPaaS can be used in a variety of ways, but the most common use is to protect network vulnerabilities and prevent data loss due to human error. The increasing virtualization of information technology (IT) infrastructure across the globe, the rise of cyber-threat incidents, the widespread adoption of cloud computing, and software-defined storage data centers are the driving market growth. Enterprises are implementing cloud-based data management solutions to manage and retrieve data as per their requirements.

COVID-19 Impact Analysis

The Data Protection as a Service (DPaaS) market globally has been relatively unaffected by the COVID-19 pandemic as compared to other industries. One of the major reasons behind the same was the significant increase in the adoption of the remote working system by multiple industries. This resulted in an increase in the need for privacy and protection. As a result, the market has benefited in terms of revenue. In the healthcare sector, increased data analytics and clinical insight standards, as well as high investment in cloud-based product creation and ERP technologies, are generating business prospects for cloud service providers in the wake of the COVID-19 pandemic.

Data Protection as a Service (DPaaS) Market Growth Factors

Due to changing, data regulations organizations are required to operate and manage the data effectively. As a result, they are enhancing their hosted services for improved benefits such as higher scalability, efficient management, and recovery options. These factors are expected to provide huge opportunities to the vendors providing these services and thus are positively impacting the data protection as a service market.

The number of incidents of data breaches has been steadily increasing. Not only has the number of breaches risen, but the complexity of these breaches has also increased too. In the last few years, almost every country and business sector have announced a data breach. These factors necessitate the need for encryption of data prompting organizations to deploy more comprehensive, secure, and reliable systems.

Deployment Model Segment Analysis Preview

The hybrid cloud segment will grow at a CAGR of over 30% from 2021 to 2028. This growth is attributable to the benefits that hybrid cloud combines, that of both public and private clouds, giving businesses greater flexibility and more implementation opportunities. For example, businesses might use the public cloud for low-security, high-volume data and the private cloud for high-security and critical operations. As a result of its efficient management, versatility, and cost-effectiveness, the hybrid cloud model is gaining popularity.

The public cloud deployment model is expected to expand at a substantial pace after the hybrid cloud model. The public cloud is very common with small and medium-sized businesses due to its low-cost offerings as opposed to other deployment models.

Organization Size Segment Analysis Preview

SMEs segment held a share of around 30% in 2020. This is attributable to the increased adoption of cloud-based solutions by SMEs. Since they lack high computing on-premise IT infrastructure to exchange and store data, SMEs tend to use cost-effective deployment solutions. Furthermore, the increasing risk of data loss, the need for long-term data protection, and the need for effective storage systems all add to the adoption of cloud computing.

Data Protection as a Service (DPaaS) Market: Report Scope

Report Attributes Report Details
Report Name Data Protection as a Service (DPaaS) Market Research Report
Market Size in 2010 USD 13.19 Billion
Market Forecast in 2028 USD 119.57 Billion
Growth Rate CAGR of 31.7%
Number of Pages 214
Key Companies Covered IBM Corporation, Hewlett Packard Enterprise Development LP, Oracle Corporation, CA Technologies, VMware Inc., Amazon Web Services Inc., Commvault Systems Inc., Quantum Corporation, Symantec Corporation, McAfee, Dell Inc., NetApp Inc.
Segments Covered By Service Type, By Deployment Model, By Organization Size, By End Use, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2019
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Data Protection as a Service (DPaaS) Market Regional Analysis

The European region held a share of over 20% in 2020. This is attributable to the factors like an increased emphasis on third-party risk management, along with stricter regulations such as General Data Protection Regulation (GDPR), that are pushing the European market for data protection-as-a-service. To gain a competitive advantage, several European market vendors are innovating their product offerings by entering various industries, contributing to the growth of the market.

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Asia Pacific region is projected to grow at a CAGR of over 28% during the forecast period. Continuous advancements, developing technological infrastructure, and growing adoption of security solutions across industries such as BFSI, healthcare, government, and others are driving demand for DPaaS markets in China, India, and other emerging countries of the region.

Data Protection as a Service (DPaaS) Market Key Market Players

Some of the key players in the Data Protection as a Service (DPaaS) market are

  • IBM Corporation
  • Hewlett Packard Enterprise Development LP
  • Oracle Corporation
  • CA Technologies
  • VMware Inc.
  • Amazon Web Services Inc.
  • Commvault Systems Inc.
  • Quantum Corporation
  • Symantec Corporation
  • McAfee
  • Dell Inc. 
  • NetApp Inc.

To gain a significant share, these players are focusing on their research and development spending allocations to launch innovative solutions, strategic partnerships, and other organic and inorganic growth strategies. In February 2020, Hewlett Packard Enterprise, in collaboration with Veeam, a European software provider, announced advancements in its data security services.

The global data protection as a service (DPaaS) market is segmented as follows:

By Service Type

  • Backup as a Service
  • Storage as a Service
  • Disaster Recovery as a Service

By Deployment Model

  • Private Cloud
  • Hybrid Cloud
  • Public Cloud

By Organization Size

  • Large Enterprises
  • SMEs

End Use Industry

  • BFSI
  • Telecom & IT
  • Government & Public Sector
  • Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global Data Protection as a Service (DPaaS) market was valued at USD 13.19 Billion in 2020.

The global Data Protection as a Service (DPaaS) market is expected to reach USD 119.57 Billion by 2028, growing at a CAGR of 31.7% between 2021 to 2028.

Some of the key factors driving the global Data Protection as a Service (DPaaS) market growth are increasing virtualization of information technology (IT) infrastructure across the globe, the rise of cyber-threat incidents, the widespread adoption of cloud computing, and software-defined data centers.

Asia Pacific region held a substantial share of the Data Protection as a Service (DPaaS) market in 2020. This is attributable to the factors driving demand such as continuous advancements, developing technological infrastructure, and growing adoption of security solutions across industries such as BFSI, healthcare, government, and others are in China, India, and other emerging countries of the region.

Some of the major companies operating in the Data Protection as a Service (DPaaS) IBM Corporation, Hewlett Packard Enterprise Development LP, Oracle Corporation, CA Technologies, VMware, Inc., Amazon Web Services, Inc., Commvault Systems, Inc., Quantum Corporation, Symantec Corporation, McAfee, Dell, Inc. and NetApp, Inc. among others.

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