Data Protection as a Service (DPaaS) Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

The Data protection as a service market is set to witness steady growth during 2021-2031. One of the major growth drivers for the data protection as a service market happens to be the increasing transition to a cloud-based model and the growing need to protect, restore information in real-time, and create a backup for the data.

What is Driving Demand for Data Protection as a Service (DPaaS)?

Growing demand for cloud-based disaster recovery and backup for simulated machines and integration of recovery and backup services have increased significantly and are anticipated to provide rewarding prospects for the growth of data protection services across the globe. The data protection as a service solutions also help in protecting and restoring the data and information within the database. Hence, the market is projected to grow at a significant rate over the forecast period.

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Storage as a Service is Expected to hold the Largest Share of the Data Protection as a Service (DPaaS) Market by Service Type

On the basis of service type, the sensor market has been bifurcated in to Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), and Storage as a Service (STaaS). Out of which, the storage as a service segment dominated the global market in 2020 accounting for a 47% of the total revenue share. The growth of the segment can be attributed to the growing demand for cost-effective ways to alleviate storage and disaster recovery services.

Moreover, the increasing demand for long term retention of records and databases, coupled with growing demand for cloud to boost their business continuity is further driving the growth of storage as a service segment across the globe.

US and Canada Data Protection as a Service (DPaaS) Demand Outlook

U.S. happens to be one of the largest markets for data protection as a service across the globe. The growth in U.S. is attributed to the presence of established players such as

  • Amazon Web ServicesInc.;
  • Cisco Systems Inc.;
  • Dell Inc.;
  • Commvault Systems Inc.;
  • HP Development Company L.P.;
  • Microsoft;
  • IBM

Europe Demand Outlook for Data Protection as a Service (DPaaS)

The growth of data protection as s service market in the Europe region is largely influenced by the growing adoption of next-generation technologies and collective migration of data to a cloud based storage model. The growth of the market is further driven by the increasing demand for agility, flexibility, and enhanced cost savings with the data protection as a service model.

Who are the Key Manufacturers and Suppliers of Data Protection as a Service (DPaaS)?

Some of the leading providers of Data Protection as a Service (DPaaS) include

  • Amazon Web Services, Inc.
  • Asigra, Inc.
  • Cisco Systems, Inc.
  • Dell Inc.
  • Commvault Systems, Inc.
  • HP Development Company L.P.
  • Microsoft
  • IBM
  • NetApp, Inc

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Data Protection as a Service Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Key Segments

By Type:

  • Disaster Recovery as a Service (DRaaS)
  • Backup as a Service (BaaS)
  • Storage as a Service (STaaS)

By Deployment:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By End Use:

  • SMEs
  • Large Enterprises

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By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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