Data Protection as a Service Market to 2027 - Global Analysis and Forecasts by Deployment (Private Cloud, Public Cloud, Hybrid Cloud); Organization Size (SMEs, Large Enterprises); Service Type (Backup as a Service (BaaS), Disaster Recovery as a Service (DRaaS), and Storage as a Service (STaaS))
Publication Month: Aug 2019 | Report Code: TIPRE00003295 | No. of Pages: 223 | Category: Technology, Media and Telecommunications | Status: Published
The global data protection as a service market accounted to US$ 9.55 Bn in 2018 and is expected to grow at a CAGR of 29.1% during the forecast period 2019 – 2027, to account to US$ 94.3 Bn by 2027.
Geographically, the data protection as a service market is segmented into North America, APAC, Europe, MEA, and SAM. North America led the data protection as a service market in 2018 with a significant market share, while Asia Pacific is anticipated to continue its dominance in the coming years to during the forecast period. Increasing demand for cost-effective data protection as a service and disaster recovery services have enhanced the growth avenue of the market.
Europe is the second-largest market in the data protection as a service market. Apart from North America and Europe, Asia Pacific remains at the third-largest geographic segment in the data protection as a service market. In Asia Pacific, continuous advancements, developing technological infrastructure, increasing adoption of security solutions across the vertical such as BFSI, Healthcare, Government, and others are driving the demand for DPaaS market during the forecast period in China, India, and other emerging countries of the region.
Lucrative Regional Data Protection as a Service Market
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Market Insights
Stringent data protection regulations made for information security
With the increasing size and scope of privacy breaches, there is a shift towards broadening enforcement powers and sanctions for data protection. With the implementation of data protection law, improvements in penalties as stipulated in the EU General Data Protection Regulation, will be implemented in a country such as Australia, Japan, and Hong Kong (China). This factor is subsequently anticipated to encourage the data protection as a service market growth during the forecast period.
Heavy implementation of data protection services
The organizations require to operate and manage the data effectively. Therefore, organizations are enhancing their hosted services for improved benefits such as efficient management, higher scalability, and recovery options. With continuous evolution, organizations are adopting cloud-based data protection services to manage and recover the data as needed. This is expected to provide huge opportunities to the companies providing this systems and thus, positively impacting the data protection as a service market.
Deployment Insights
The global data protection as a service market by type is segmented into private cloud, public cloud, and hybrid cloud. Public cloud segment dominates the data protection as a service market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. Public cloud models are generally preferred by SME’s as the capital investment for this model is very less as compared to the private cloud model.
Organization Size Insights
The data protection as a service market by end user is further segmented into SMEs and large enterprises. The SMEs segment of the data protection as a service market dominated the organiation size segment and is anticipated to continue its dominance throughout the forecast period from 2019 – 2027. With the increasing stringent regulations, data protection related services are being widely adopted by SMEs.
Service Type Insights
The data protection as a service market by application is further segmented into Backup as a Service, Disaster Recovery as a Service, and Storage as a Service. Backup as a Service segment of the data protection as a service market dominated the end user segment and is expected to lose its dominance in the market throughout the forecast period to Storage as a Service. BaaS is not subjected to the threat of hackers, user error, and natural disasters. Moreover, the data stored in the BaaS is encrypted. Due to this reason, backup as a service is holds a highest market share.
Rest of Asia Pacific Data Protection as a Service Market by Service Type
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Strategic Insights
Some of the market Initiatives were observed to be most adopted strategy in the global data protection as a service market. Few of the recent market initiatives are listed below;
2019:Carbonite, Inc., closed its previously announced acquisition of Webroot Inc., an IT security company based in the U.S. The amalgamation of cloud-based cybersecurity with cloud-based backup and recovery leads a new approach to data protection for endpoint devices. The acquisition would enable Carbonite, Inc. Webroot to share a common vision to empower small and mid-sized companies with next-generation solutions.
2019:Quantum Corporation declared the availability of the DXi-series backup appliances such as the DXi9000 and DXi4800. The new offerings provide backups to protect against data loss and disaster and DXi-series deliver greater storage density and efficiency for enterprises globally.
2018:McAfee entered in endpoint detection and response (EDR) space and announced cloud and unified data protection offerings that surge visibility across the whole ecosystem. McAfee’s MVision EDR works on the cloud to enable analytics and automation.
2018:Hewlett Packard Enterprise introduced hybrid cloud data protection and copy data management solutions for its intelligent storage portfolio. The new development enables customers to surge operational efficiency and reduce cloud storage costs.
GLOBAL DATA PROTECTION AS A SERVICE MARKET SEGMENTATION
Global Data Protection as a Service Market - By Deployment
- Private Cloud
- Public Cloud
- Hybrid Cloud
Global Data Protection as a Service Market - By Organization Size
- Small & Medium Enterprises
- Large Enterprises
Global Data Protection as a Service Market - By Service Type
- Backup as a Service (BaaS)
- Disaster Recovery as a Service (DRaaS)
- Storage as a Service (STaaS)
Global Data Protection as a Service Market - By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- U.A.E.
- Egypt
- Kuwait
- Qatar
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of South America (SAM)
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.
The List of Companies
- 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.
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