Report : Australia and New Zealand Data Protection as a Service Market to 2027 - Regional Analysis and Forecasts by Deployment (Private Cloud, Public Cloud, and Hybrid Cloud); Organization Size (Small & Medium Enterprises and Large Enterprise); and Service Type (Backup as a Service (BaaS), Disaster Recovery as a Service (DRaaS), and Storage as a Service (STaaS))
The Australia and New Zealand data protection as a service market is expected to account for US$ 159.2 Mn in 2018 and is expected to reach US$ 2244.8 Mn by 2027, thereby registering an attractive CAGR growth rate of 34.3% from 2019 to 2027.
Australia is one of the prominent countries in terms of new technology developments and adoptions. In the past few years, the country witnessed significant adoption of advanced technology and data security solutions & services across all the sectors. Further, the Australia government is taking initiatives to address cyber-security issues. New Zealand economy in the last few years, on an average has grown faster than those of the developed economies, but it still lags in terms of technological advancements. Lack of skilled labor, decreasing productivity, and high dependency on exports are some of the constraints in the growth of the economy.
Cloud-based services and deployment are witnessing a considerable demand, globally. Advantages associated with cloud deployment are reduced efforts of running a process, installing and purchasing software, it also helps an organization minimize its costs and maximize its revenue. The DPaaS market is classified based on the deployment model into the private cloud, public cloud, and hybrid cloud.
The private cloud deployment model has witnessed fewer adoptions on account of it being relatively costlier deployment model when compared to others. On the other hand, Public cloud model with cheapest deployment cost has gained the maximum popularity across all industry verticals and various sizes. SME’s have contributed to the remarkable market share of the public cloud deployment model.
The major players operating in the market for data protection as a service market include Acronis International GmbH, Amazon Web Services, Inc., Commvault, Carbonite, Inc, EMC Corporation, Hewlett Packard Enterprise Development LP, IBM Corporation, McAfee, LLC, Quantum Corporation, and VMware, Inc. among others.
The report segments the Australia and New Zealand Data Protection as a Service market as follows:
Australia and New Zealand Data Protection as a Service Market – By Deployment
Australia and New Zealand Data Protection as a Service Market – By Organization Size
Australia and New Zealand Data Protection as a Service Market – By Service Type
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