[Research Report] 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Data Protection as a Service Market: Strategic Insights
Market Size Value in US$ 9.55 Billion in 2018 Market Size Value by US$ 94.3 Billion by 2027 Growth rate CAGR of 29.1% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Data Protection as a Service Market: Strategic Insights
| Market Size Value in | US$ 9.55 Billion in 2018 |
| Market Size Value by | US$ 94.3 Billion by 2027 |
| Growth rate | CAGR of 29.1% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment ; Organization Size ; Service Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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