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The global data protection-as-a-service (DPaaS) market grew at a CAGR of around 27% during 2015-2020. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, service type, deployment type, organization size and end use industry.
Breakup by Service Type:
Breakup by Deployment Type:
Breakup by Organization Size:
Breakup by End Use Industry:
Breakup by Region:
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.
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