Global Data Protection as a Service (DPaaS) Market - Snapshot

According to a new market report published by Transparency Market Research titled “Data Protection as a Service (DPaaS) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,”the global Data Protection as a Service (DPaaS) market is expected to reach US$ 74,174.9 Mn by 2026, expanding at a CAGR of 30.7% from 2018 to 2026. North America held a prominent share of the Data Protection as a Service (DPaaS) market in 2017 and is projected to be at the forefront of global demand. Also, the Asia Pacific Data Protection as a Service (DPaaS) market is expected to expand at a significant CAGR.

DPaaS is a web-delivered or cloud-based service to protect data assets residing on the cloud. Enterprises generally utilize this service to build better security and enhance their network security for effective data management on the cloud. There is presently a rising need to reduce complexities in terms of large data volumes for application development. DPaaS services help organizations look after these issues by providing cost-effective cloud services. It is a multi-tenant model which allows management of various services through a single portal. On its deployment, DPaaS seamlessly provides virtual machine capabilities for each and every server.

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Disaster Recovery as a Service (DRaaS) segment to expand rapidly during the forecast period

By service, the DPaaS market is segmented into Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), and Storage as a Service (STaaS). DRaaS is expected to be the fastest growing segment during the forecast period. Growing demand for data security and privacy across all data centers worldwide is playing a key role in driving the segment’s growth. On the basis of deployment models, the global DPaaS market is segmented into public cloud, private cloud, and hybrid cloud. In 2016, the hybrid cloud segment led the market accounting for approximately 50% of the total market revenue due to the growing number of large enterprises across the world looking for greater level of security and privacy on the cloud in order to cope with changing computing needs and costs associated with it. The segment is emerging as the best option for organizations that are looking to grab the benefits of public and private cloud deployment models at the same time. Also, hybrid cloud segment is projected to expand the fastest during the forecast period because of the growing complexities in cloud applications. By enterprise size, large enterprises led the global DPaaS market. Its growth is mainly attributed to the growing adoption of the hybrid cloud computing model, which is expected to be the future cloud computing model, mostly embraced by large enterprises. The small and medium enterprises (SMEs) segment is expected to rise the fastest during the forecast period. By industry, the DPaaS market is segmented into BFSI, Telecom & IT, government & public sector, healthcare, retail, energy & utilities, manufacturing, and others (aerospace & defense, travel & hospitality).

North America expected to hold a substantial share in the overall market

Based on geography, the global Data Protection as a Service (DPaaS)market has been divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to hold a prominent share and account for more than 40%of the global market in 2026, followed by Europe. The U.S. Data Protection as a Service (DPaaS) market accounted for the largest share compared to the Canada market due to greater spending on IT security solutions in the region. In Europe, the rising cloud spending by governments of countries such as the U.K., Germany, and France is observed as one of the major reasons for massive cloud adoption in both the public and private sectors of Europe. As a part of the strategy, several vendors are investing in tools development specific to a particular application and are focused on new product developments, partnerships, and mergers and acquisitions in order to increase geographical reach in the global Data Protection as a Service (DPaaS)market.

Major players operating in the global data protection as a service (DPaaS) market include Amazon Web Services, Inc., Dell EMC, Commvault Systems, Inc., Quantum Corporation, Asigra, Inc., Veritas Technologies, Acronis International GmbH, International Business Machines Corporation, Hewlett Packard Enterprise Company, and Carbonite, Inc.

Global Data Protection as a Service (DPaaS) Market: Overview

The report on the global Data Protection as a Service (DPaaS) market provides analysis for the period between 2016 and 2026, wherein 2017 is the base year, and 2018 to 2026 is the forecast period. Data for 2016 has been included to provide historical information. The study provides a comprehensive analysis of the expansion of the market during the forecast period, in terms of revenue estimates (in US$ Mn), across different geographies. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the expansion of the global Data Protection as a Service (DPaaS) market during the said period. Technologies that are playing a major role in driving the market have also been considered in the study.

The report also coverskey industry developments, and Porter’s Five Force analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and degree of competition in the Data Protection as a Service (DPaaS) market. Ecosystem analysis which identifies key stakeholders in the market is covered in the report.

Global Data Protection as a Service (DPaaS) Market: Scope of the Report

The Data Protection as a Service (DPaaS) market can be segmented based on deployment model, services, enterprise size, industry,and region. The deployment model segment is classified into public cloud,private cloud, and hybrid cloud. The services segment includes Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), and Storage as a Service (STaaS). The enterprise segment includes large enterprises and small and medium enterprises (SMEs). The Industry segment includes BFSI, Telecom & IT, government & public sector, healthcare, retail, energy & utilities, manufacturing, and others (aerospace & defense, travel & hospitality).Geographically, the report classifies the global Data Protection as a Service (DPaaS) market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region-wise prominent countries covered in the report include the U.S, Canada, U.K., Germany, France,Japan, China, India, GCC countries, South Africa, and Brazil.

Global trends have also been added in the Data Protection as a Service (DPaaS) study. Additionally, the report covers segment-wise comparison matrix, market attractiveness analysis, and market share analysis of key players for all regions covered in the scope of study.

Comparison matrix includes segment growth matrix, 2016– 2026(%), segment revenue contribution, 2016 - 2026 (%), and segment compound annual growth rate (CAGR %). Market attractiveness identifies and compares market attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

Global Data Protection as a Service (DPaaS) Market: Research Methodology

Secondary research sources typically include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, vendorswhitepapers, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help develop the analysis team’s market expertise and understanding.

Global Data Protection as a Service (DPaaS) Market: Competitive Dynamics

Furthermore, the report includes competition landscape which comprises market share analysis, market positioning of major players in the Data Protection as a Service (DPaaS) market based on their 2017 revenues, and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings, and R&D focus are attributed to a company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players of theData Protection as a Service (DPaaS) market.

Company profiling includes company overview, major business strategies adopted, SWOT analysis, and market revenues between 2016 and 2018. The global players profiled in the global Data Protection as a Service (DPaaS) market include Amazon Web Services, Inc., Dell EMC, Commvault Systems, Inc., Quantum Corporation, Asigra, Inc., Veritas Technologies, Acronis International GmbH, International Business Machines Corporation, Hewlett Packard Enterprise Company, and Carbonite, Inc.

Market Segmentation

Data Protection as a Service (DPaaS) Market Analysis, by Deployment Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Data Protection as a Service (DPaaS) Market Analysis, by Services

  • Disaster Recovery as a Service (DRaaS)
  • Backup as a Service (BaaS)
  • Storage as a Service (STaaS)

Data Protection as a Service (DPaaS) Market Analysis, by Enterprise

  • Large Enterprises
  • Small and Medium Enterprises (SMEs)

Data Protection as a Service (DPaaS) Market Analysis, by Industry

  • BFSI
  • Telecom & IT
  • Government & Public Sector
  • Healthcare
  • Retail
  • Energy & Utilities
  • Manufacturing
  • Others (Aerospace & Defense, Travel & Hospitality)

Additionally, the report provides cross-sectional analysis of the Data Protection as a Service (DPaaS) market with respect to the following geographical segments:

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
.