Data Protection as a Service Market Introduction and Overview
According to SPER Market Research, the Global Data Protection as a Service Market is estimated to reach USD 333.62 billion by 2033 with a CAGR of 34.93%.
The report includes an in-depth analysis of the Global Data Protection as a Service Market, including market size and trends, product mix, applications, and supplier analysis. A web-based or cloud-assisted solution for network security and data asset protection is called Data Protection-as-a-Service (DPaaS). It is typically implemented using public, private, and hybrid cloud systems and provides a wide range of services, including Storage-as-a-Service (STaaS), Backup-as-a-Service (BaaS), and Disaster Recovery-as-a-Service (DraaS). These systems employ virtualization techniques, like firewalls, virtual private networks (VPNs), and hypervisors, to remotely monitor the organizations' physical networks.
- Asigra Inc., a developer of extremely secure backup and recovery solutions, announced in September 2022 that Tigris Data Protection software with Content Disarm & Reconstruction (CDR) was now generally available. Asigra is the most security-forward backup and recovery software platform available on the market because to the addition of CDR to its extensive range of security capabilities.
- June 2022: To make it easier to process, report, and resolve data privacy and protection complaints and breaches, the Personal Data Protection Office (PDPO) and the United Nations Capital Development Fund (UNCDF) launched a data protection and privacy portal.
Market Opportunities and Challenges
Opportunities- As cloud services continue to expand and gain popularity, many companies are striving to improve their hosted services to offer better benefits like more options for recovery, management, and scalability. Data protection as a service is being developed by a number of cloud storage and data security organizations in order to better serve their clients' demands, which is driving the market. Furthermore, Demand for the DPaaS market is driven by rising risks of data breaches and cyberattacks as well as rising demand for cloud-based services. The need for DPaaS has grown as a result of the broad use of cloud computing and the changing risks posed by vital infrastructures. Companies and organizations are becoming more susceptible to devastating cyberattacks due to the use of sophisticated software tools, network-based infrastructures, and remote monitoring and management of numerous firms operating worldwide. In the next years, this is anticipated to propel the DPaaS market's expansion.
Challenges- Data security, compliance, and scalability are the main issues facing the Data Protection as a Service (DPaaS) market. Protecting sensitive data from online dangers like ransomware, hacking, and data breaches is becoming a major problem as more and more businesses use cloud-based solutions. Businesses also have to deal with complicated legal frameworks like GDPR, HIPAA, and other local privacy laws, which necessitate that DPaaS providers stay compliant in a number of jurisdictions. This makes it more difficult to guarantee that data protection services adhere to national and international legal standards.
Market Competitive Landscape
The Global Data Protection as a Service Market is moderately consolidated. Some of the market key players are IBM Corporation, Amazon Web Services Inc., Hewlett Packard Enterprise Company, Dell Inc., Cisco Inc., Oracle Corporation, VMware Inc., Commvault Systems Inc., Quest Software Inc., NxtGen Datacenter & Cloud Technologies Pvt. Ltd., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Service, By Deployment, By Enterprise Size, By End Use.
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | IBM Corporation, Amazon Web Services Inc., Hewlett Packard Enterprise Company, Dell Inc., Cisco Inc., Oracle Corporation, VMware Inc., Commvault Systems Inc., Quest Software Inc., NxtGen Datacenter & Cloud Technologies Pvt. Ltd., Others. |
COVID-19 Impact on Global Data Protection as a Service Market
The Global Data Protection as a Service (DPaaS) market was greatly impacted by the COVID-19 outbreak, which changed how companies handle data protection and accelerated its growth. Strong data protection services became even more important as businesses quickly adopted remote work models, allowing employees to access company data from a variety of devices and places. The need for cloud-based data security solutions that could offer safe backup, recovery, and management in a distributed setting increased as a result of this change.
Key Target Audience:
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- Government and Public Sector
- Healthcare Organizations
- Financial Institutions
- Retail and E-commerce Businesses
- IT and Cloud Service Providers
- Educational Institutions
- Legal and Compliance-focused Organizations
Our in-depth analysis of the Data Protection as a Service Market includes the following segments:
| By Service: | Disaster Recovery as a Service (DRaaS)Backup as a Service (BaaS)Storage as a Service (STaaS) |
| By Deployment: | Public CloudPrivate CloudHybrid Cloud |
| By Enterprise Size: | Small and Medium-sized Enterprises (SMEs)Large Enterprises |
| By End Use: | Banking, Financial Services, and InsuranceHealthcareIT and TelecomRetailEducationManufacturingOthers |
Key Topics Covered in the Report:
- Global Data Protection as a Service Market Size (FY’2024-FY’2033)
- Overview of Global Data Protection as a Service Market
- Segmentation of Global Data Protection as a Service Market By Service {(Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), Storage as a Service (STaaS)}
- Segmentation of Global Data Protection as a Service Market By Deployment (Public Cloud, Private Cloud, Hybrid Cloud)
- Segmentation of Global Data Protection as a Service Market By Enterprise Size {(Small and Medium-sized Enterprises (SMEs), Large Enterprises)}
- Segmentation of Global Data Protection as a Service Market By End Use (Banking, Financial Services, and Insurance, Healthcare, IT and Telecom, Retail, Education, Manufacturing, Others)
- Statistical Snap of Global Data Protection as a Service Market
- Expansion Analysis of Global Data Protection as a Service Market
- Problems and Obstacles in Global Data Protection as a Service Market
- Competitive Landscape in the Global Data Protection as a Service Market
- Impact of COVID-19 and Demonetization on Global Data Protection as a Service Market
- Details on Current Investment in Global Data Protection as a Service Market
- Competitive Analysis of Global Data Protection as a Service Market
- Prominent Players in the Global Data Protection as a Service Market
- SWOT Analysis of Global Data Protection as a Service Market
- Global Data Protection as a Service Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Data Protection as a Service Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Data Protection as a Service Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Data Protection as a Service Market
7. Global Data Protection as a Service Market, By Service (USD Million) 2020-2033
7.1. Global Data Protection as a Service Market Size, Share and Forecast, By Service, 2020-2026
7.2. Global Data Protection as a Service Market Size, Share and Forecast, By Service, 2027-2033
7.3. Disaster Recovery as a Service (DRaaS)
7.4. Backup as a Service (BaaS)
7.5. Storage as a Service (STaaS)
8. Global Data Protection as a Service Market, By Deployment (USD Million) 2020-2033
8.1. Global Data Protection as a Service Market Size, Share and Forecast, By Deployment, 2020-2026
8.2. Global Data Protection as a Service Market Size, Share and Forecast, By Deployment, 2027-2033
8.3. Public Cloud
8.4. Private Cloud
8.5. Hybrid Cloud
9. Global Data Protection as a Service Market, By Enterprise Size (USD Million) 2020-2033
9.1. Global Data Protection as a Service Market Size, Share and Forecast, By Enterprise Size, 2020-2026
9.2. Global Data Protection as a Service Market Size, Share and Forecast, By Enterprise Size, 2027-2033
9.3. Small and Medium-sized Enterprises (SMEs)
9.4. Large Enterprises
10. Global Data Protection as a Service Market, By End Use (USD Million) 2020-2033
10.1. Global Data Protection as a Service Market Size, Share and Forecast, By End Use, 2020-2026
10.2. Global Data Protection as a Service Market Size, Share and Forecast, By End Use, 2027-2033
10.3. Banking, Financial Services, and Insurance
10.4. Healthcare
10.5. IT and Telecom
10.6. Retail
10.7. Education
10.8. Manufacturing
10.9. Others
11. Global Data Protection as a Service Market Forecast, 2020-2033 (USD Million)
11.1. Global Data Protection as a Service Market Size and Market Share
12. Global Data Protection as a Service Market, By Region, 2020-2033 (USD Million)
12.1. Global Data Protection as a Service Market Size and Market Share By Region (2020-2026)
12.2. Global Data Protection as a Service Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Qatar
12.5.4. South Africa
12.5.5. Egypt
12.5.6. Morocco
12.5.7. Nigeria
12.5.8. Rest of Middle-East and Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. IBM Corporation
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Amazon Web Services Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Hewlett Packard Enterprise Company
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Dell Inc.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Cisco Inc.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Oracle Corporation
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. VMware Inc.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Commvault Systems Inc.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Quest Software Inc.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. NxtGen Datacenter & Cloud Technologies Pvt. Ltd.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
