Australia and New Zealand Data Protection as a Service Market Developments by 2027

The Australia and New Zealand data protection as a service market accounted 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.

Adoption of data protection as a service in Banking, financial services, and insurance (BFSI) industry is growing at an impressive rate across Australia. The volume of data generated through various endpoints and mobile devices in banks, credit card companies, and credit reporting institutions are growing significantly. Thus, bolstering data protection as a service market growth.

Data Protection as a Service Lucrative Regional Markets

Market Insights

Stringent data protection regulations for information security to contribute to the data protection as a service market growth

Introduction of advanced technologies and increasing volumes and flow of data, has drawn high attention of enterprises and organizations for cyber security and data protection. With the growing information flow, there is a constant demand for advanced data security software and services. Further, to improve data protection government has taken various initiative, for instance, now Australian organization and agencies are subjected to new obligations under the Australian Notifiable Data Breaches scheme, which came into effect in the year 2018.

Increasing Demand for Cloud-Based Data Protection Solutions among Small and Medium Enterprise (SME) provides a lucrative opportunity for the Data Protection as a Service market growth

Small and Medium (SMEs) are more susceptible to data breaches and identity thefts, due their lack of deployment of advanced solutions and services. Moreover, the rising complexity of cyber-attacks and the surging need to protect the cloud-based applications and platforms, for ensuring organization data protection will boost the data protection as a service market growth. 

Deployment Insights

The Australia and New Zealand data protection as a service market by deployment was led by public 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.

Service Type Insights

The Australia and New Zealand data protection as a service market by service type was led by Backup as a Service (BaaS). Data protection as a service (DPaaS) is a bundle of web-delivered or cloud-based services that enables the business to protect data assets. It also enhances the network security and recovery options by a variety of features through the subscription-based model. DPaaS offers cost-effective storage, backup, and disaster recovery options. The cloud-based business model and cost efficiency are the major factors driving the demand for data protection as a service market.

Australia and New Zealand Data Protection as a Service Market by Service Type

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Australia and New Zealand Data Protection as a Service Market: Strategic Insights

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All the data protection as a service market player focuses majorly on new product innovations and developments by adopting advance technologies and compete with the competitors. Few of the recent developments are listed below;

2019:

IBM Corporation announced Veeam Backup for Microsoft Office 365. With the new offering, customers can protect their valuable Office 365 data and recover that data if it is erased or corrupted. It helps customers to ensure their data is always protected.

2018:

Quantum Corporation declared noteworthy improvements to Xcellis. These enhancements strengthen Xcellis solution to edit, share, and store rich media content for customers worldwide. Xcellis solution effectively manages, preserve, and protect the valuable data.

2017:

Commvault launched endpoint data protection as a service to streamline backup and recovery corporate data on desktop, laptops, and other devices. It allows companies to protect data value with data encryption along with backup and recovery data.

AUSTRALIA AND NEW ZEALAND DATA PROTECTION AS A SERVICE – MARKET SEGMENTATION

By Deployment

• Private Cloud
• Public Cloud
• Hybrid Cloud

By Organization Size

• Small & Medium Enterprises
• Large Enterprise

By Service Type

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

Company Profiles

• Acronis International GmbH
• Amazon Web Services, Inc.
• Commvault
• Carbonite, Inc
• EMC Corporation
• Hewlett Packard Enterprise Development LP
• IBM Corporation
• McAfee, LLC
• Quantum Corporation
• VMware, Inc.

Report Scope

Australia and New Zealand Data Protection as a Service Market Regional Insights

The regional trends and factors influencing the Australia and New Zealand Data Protection as a Service Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Australia and New Zealand Data Protection as a Service Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Australia and New Zealand Data Protection as a Service Market Report Scope

Australia and New Zealand Data Protection as a Service Market Players Density: Understanding Its Impact on Business Dynamics

The Australia and New Zealand Data Protection as a Service Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Australia and New Zealand Data Protection as a Service Market are:

1. Acronis International GmbH
2. Amazon Web Services, Inc.
3. Commvault
4. Carbonite, Inc.
5. EMC Corporation

Disclaimer: The companies listed above are not ranked in any particular order.