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The data protection as a service (DPaaS) market size is estimated to grow at a CAGR of 34.12% between 2022 and 2027. The market size is forecast to increase by USD 40,198.28 million. The growth of the market depends on several factors, including the increase in adoption of DPaaS among various industries, the growing need to simplify solutions for backup, and the recent development in DPaaS.
This data protection as a service market report extensively covers market segmentation by application (STaaS, BaaS, and DRaaS), business segment (large, small, and medium), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The recent development in DPaaS is notably driving the market growth, although factors such as bandwidth limitations among enterprises may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Recent development in DPaaS is the key factor driving the growth of the global DPaaS market. DPaaS has recently taken a big leap forward with the emergence of new cloud-based solutions that allow companies to easily access and manage their data. Many of these services are built on open-source frameworks and offer flexibility and scalability at a fraction of the cost of traditional data management solutions. In addition, advanced analytics tools that leverage ML algorithms will be integrated into the DPaaS offering, enabling organizations to gain deeper insight into their data and make more informed decisions. With the explosion of data generated by businesses, these new DPaaS solutions are essential to ensure that data can be managed, stored, and analyzed in an efficient and cost-effective manner.
For instance, in October 2021, Microsoft Corp. (Microsoft) announced to release of a privacy management tool for its 365 programs to aid clients in complying with international and state-level privacy standards. Privacy Management for Microsoft 365 identifies privacy concerns linked with personal data in products like email and decides if data is being overshared, moved, or unused. Thus, such factors are expected to drive the growth of the global DPaaS market during the forecast period.
Exponential growth in the volume of data is the primary trend in the global DPaaS market. The exponential growth in the amount of data generated by smartphones, the Internet, and digital business processes provides businesses with potential assets that they can use to gain a competitive advantage. However, most traditional data centers were not designed to handle the massive amounts of data generated by the current and emerging digital economy and modern mobile applications. As a result, organizations are unable to protect and manage vulnerable data. Failure to secure data in an increasingly decentralized computing environment can disrupt growth-hungry organizations. Therefore, the company should securely back up data with her DPaaS.
This will help them prevent losses from natural disasters, power outages, human errors, and malfeasance. It is essential to have a scalable and comprehensive backup solution that is easy to manage as well as flexible and puts the control in the hands of the end-user. Acronis is a vendor offering solutions that provide enterprises with complete protection across operating systems, storage locations, virtual environments, and mobile applications. It also provides disaster recovery services and access solutions. Thus, the above-mentioned factors are expected to fuel the growth of the global DPaaS market during the forecast period.
Bandwidth limitations among enterprises are major challenges impeding the growth of the global DPaaS market. Companies that generate large amounts of data daily cannot afford to lose data due to errors, cyber-attacks, or system crashes, so they provide more bandwidth to transfer large amounts of data to offshore servers. You must choose a network solution that drives the need for higher bandwidth. The time it takes to store and retrieve data can vary from seconds to hours, depending on storage location and allocated bandwidth. Content Services Gateway (CSG) is a network application commonly used to transfer data from your on-premises infrastructure to the cloud. This appliance is also useful for retrieving corporate data. However, due to the limited bandwidth of CSG, data transfer can be slow, which can lead to corporate data loss and inconsistent data at rest. CSG service providers mostly offer unlimited bandwidths, depending on the needs of enterprises.
Unlimited bandwidths will increase the costs associated with data transfer. Enterprises are, therefore, required to choose their bandwidth requirements after carefully assessing their data volumes and business needs. The selection of a vendor that offers flexible storage-as-a-service has become essential for organizations. The present scenario relating to bandwidth limitations could worsen, especially for enterprises that face issues due to unstable growth in data volumes. Thus, the above-mentioned factors are expected to hamper the growth of the global DPaaS market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Data Protection as a Service Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acronis International GmbH: The company offers data protection services, such as acronis Cyber Protect. Also, it focuses on offering data protection and disaster recovery for virtual, physical, mobile, and cloud environments.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the STaaS segment will be significant during the forecast period. In a STaaS model, organizations lease their storage infrastructure to a STaaS provider to store their business data. Before the emergence of cloud computing, organizations stored their data within the organization premises.
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The STaaS segment was valued at USD 2,460.56 million in 2017 and continued to grow until 2021. Organizations are producing larger amounts of unstructured data on a daily basis, which increases their IT infrastructure costs. Cloud-based data centers allow organizations to store this data off-site or on-site. In a STaaS solution, clients pay either a subscription or for the amount of storage utilized. These data centers are set up in-house or belong to a third-party service provider.
Moreover, this technology is commonly used by enterprises worldwide to process and store their business data. Cloud computing allows enterprises to access applications and data over the Internet. The number of cloud-based services has increased and encompasses service offerings such as infrastructure as a service, platform as a service, and software as a service. Such factors will increase segment growth during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Factors such as the increasing number of cyberattacks and data breaches, as well as the need for reliable and secure data protection solutions, will increase the market growth. Similarly, the growth of this market in North America is the strict data protection regulations and compliance requirements imposed by the government. For instance, the GDPR, which was implemented in the European Union (EU), has also influenced organizations in North America that handle personal data to enhance their data protection efforts. Failure to comply with such regulations can result in hefty penalties and fines.
The COVID-19 pandemic positively impacted the DPaaS market in North America in 2020. However, due to the initiation of vaccination drives, lockdowns and other restrictions were removed in different countries such as the US and Canada in North America, which lead to the reopening of offices in 2021 and 2022. Thus, such factors have increased the demand for on-premises solutions, which is expected to drive the growth of the regional DPaaS market during the forecast period.
The data protection as a service market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global data protection as a service (DPaaS) market as a part of the global Internet services and infrastructure market within the global IT services market. The super parent global IT services market cover companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Data Protection as a Service Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 34.12% |
Market growth 2023-2027 |
USD 40,198.28 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
29.07 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acronis International GmbH, Amazon.com Inc., Asigra Inc., Backblaze Inc., Barracuda Networks Inc., Broadcom Inc., Cohesity Inc., Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Hornetsecurity Ltd., International Business Machines Corp., Kaseya Ltd., Microsoft Corp., Oracle Corp., Rubrik Inc., SolarWinds Corp., Veeam Software Group GmbH, Veritas Technologies LLC, and VMware Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Business Segment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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