Data Protection As A Service (DPaaS) Global Market to Reach $63.38 Billion by 2026 at a 28.7% CAGR

DUBLIN, Nov. 4, 2022 /PRNewswire/ -- The "Data Protection As A Service (DPaaS) Global Market Report 2022" report has been added to  ResearchAndMarkets.com's offering.

The global data protection as a service (DPaaS) market is expected to grow from $17.88 billion in 2021 to $23.09 billion in 2022 at a compound annual growth rate (CAGR) of 29.1%. The data protection as a service (DPaaS) market is expected to grow to $63.38 billion in 2026 at a CAGR of 28.7%.

The main types of data protection as a service are disaster recovery as a service, backup as a service, and storage as a service. Disaster recovery as a service (DRaaS) is a cloud computing service model that enables an organization to back up its data and IT infrastructure in a third-party cloud computing environment and provides all DR orchestration, all through a SaaS solution, to regain access and functionality to IT infrastructure following a disaster. Data protection as a service can be deployed in the public cloud, private cloud, and hybrid cloud in large enterprises and SMEs that can be used in various industries such as banking, financial services and insurance (BFSI), telecom & IT, government & public sector, healthcare, retail, energy & utilities, manufacturing, others.

North America was the largest region in the data protection as a service (DPaaS) market in 2021. 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, and Africa.

The increasing 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 growth of the data protection as a service market.

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.

Scope
Markets Covered:

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 & IT; Government & Public Sector; Healthcare; Retail; Energy & Utilities; Manufacturing; Other Industries

Key Topics Covered:

1. Executive Summary

2. Data Protection As A Service Market Characteristics

3. Data Protection As A Service Market Trends And Strategies

4. Impact Of COVID-19 On Data Protection As A Service

5. Data Protection As A Service Market Size And Growth

6. Data Protection As A Service Market Segmentation

7. Data Protection As A Service Market Regional And Country Analysis

8. Asia-Pacific Data Protection As A Service Market

9. China Data Protection As A Service Market

10. India Data Protection As A Service Market

11. Japan Data Protection As A Service Market

12. Australia Data Protection As A Service Market

13. Indonesia Data Protection As A Service Market

14. South Korea Data Protection As A Service Market

15. Western Europe Data Protection As A Service Market

16. UK Data Protection As A Service Market

17. Germany Data Protection As A Service Market

18. France Data Protection As A Service Market

19. Eastern Europe Data Protection As A Service Market

20. Russia Data Protection As A Service Market

21. North America Data Protection As A Service Market

22. USA Data Protection As A Service Market

23. South America Data Protection As A Service Market

24. Brazil Data Protection As A Service Market

25. Middle East Data Protection As A Service Market

26. Africa Data Protection As A Service Market

27. Data Protection As A Service Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Data Protection As A Service Market

29. Data Protection As A Service Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• IBM Corporation
• Amazon Web Services
• Hewlett-Packard Development Company
• Commvault Systems
• VMware
• Quantum Corporation
• Asigra
• EMC Corporation
• Dell
• Veritas Technologies
• Commvault
• Quest Software Inc.
• NxtGen Datacenter & Cloud Technologies Pvt. Ltd.
• Hitachi Vantara Corporation
• Atos SE

For more information about this report visit https://www.researchandmarkets.com/r/bb7ryz

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SOURCE Research and Markets