PUBLISHER: IMARC | PRODUCT CODE: 1540919
PUBLISHER: IMARC | PRODUCT CODE: 1540919
The global data protection-as-a-service (DPaaS) market size reached US$ 32.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 234.0 Billion by 2032, exhibiting a growth rate (CAGR) of 23.7% during 2024-2032.
Data Protection-as-a-Service (DPaaS) refers to a cloud-assisted or web-based solution used for securing networks and protecting data assets. It is usually deployed with public, private and hybrid cloud systems and offers numerous services, such as Backup-as-a-Service (BaaS), Disaster Recovery-as-a-Service (DraaS) and Storage-as-a-Service (STaaS). These systems use virtualization tools, such as a virtual private network (VPN), firewalls and hypervisors, to remotely monitor the physical network of the organizations. They also facilitate long-term retention of archival data and quick recovery of the data-in-transit and data-at-rest.
The increasing virtualization of information technology (IT) infrastructure across the globe represents one of the key factors driving the growth of the market. Furthermore, the widespread adoption of cloud computing and software-defined data centers is also driving the market growth. Cloud service providers are extensively using DPaaS for advanced data and network security for organizations. In line with this, the rising instances of data thefts and cybercrimes associated with hybrid clouds and portable devices and the increasing need for data backups and archives are also enhancing the adoption of efficient DPaaS solutions. Additionally, various technological advancements, such as the integration of connected devices with the internet of things (IoT) and virtual private network (VPN), are acting as other major growth-inducing factors. DPaaS is installed on IoT-enabled devices to encrypt, store and secure large volumes of data generated by individuals and organizations with enhanced operational efficiency and data resiliency. Other factors, including significant improvements in the IT infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global data protection-as-a-service (DPaaS) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on service type, deployment type, organization size, and end use industry.
Disaster Recovery as a Service (DRaaS)
Backup as a Service (BaaS)
Storage as a Service (STaaS)
Public Cloud
Private Cloud
Hybrid Cloud
Large Enterprises
Small and Medium Enterprises
BFSI
Healthcare
Government
IT and Telecom
Defense
Energy and Power
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services, Inc. (Amazon.com), Asigra Inc., Cisco Systems Inc., Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation, Quantum Corporation, Quest Software Inc. and Veritas Technologies LLC.