Latest published report on the Data Protection as a Service (DPaaS) market, found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve a significant growth rate over the analysis period of 2020-2027.
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Data protection as a service is web delivered or cloud based service which is used to protect data assets residing on the cloud. Organizations are generally using this service to build better security and enhance network security for effective data management on the cloud. DpaaS is multi tenant model which allows management of various services via a single portal.
The rise in data loss concerns is the key driving factor which is expected to boost the Data Protection as a Service (DPaaS) Market growth. Also, increase in need for backups, archives, and governance, risk & compliance will significantly drive the market growth over the forecast period. Furthermore, rise in demand for cloud- based disaster recovery and backup for virtual machines and integration of recovery & backup service providers are increased significantly which are expected to propel the global data protection as a service (DpaaS) ,market growth during this forecast period. In addition to that, enterprises require these systems to manage and operate the data effectively. Thereby, enterprises are enhancing their hosted services for improved benefits like higher scalability, efficient management, and recovery options. With this continuous evolution, enterprises are adopting cloud based data protection systems to manage and recover the data as needed. This is expected to fuel the market growth in near future.
There are some restarting factors including third party dependence, and lack of failsafe feature which are expected to hinder the Data Protection as a Service (DPaaS) Market growth during this forecast timeline. Also, high costs and complexities in cloud deployment will affect the market growth.
Market Key Players
Various key players are discussed in this report such as IBM Corporation, Acronis International GmbH, Amazon Web Services, Inc, Commvault, EMC Corporation, McAfee, LLC, Hewlett Packard Enterprise Development LP, Quantum Corporation,and VMware, Inc
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Service Type
- Disaster Recovery as a Service (DRaaS)
- Storage as a Service (STaaS)
- Backup as a Service (BaaS)
By End User
- Large Enterprises
- Small and Medium Size Enterprises
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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