What is the Global market size of the Data Protection As A Service Market?

Global Data Protection As A Service Market size was valued at USD 235.16 billion in 2021 and is poised to grow from USD 267.3 billion in 2022 to USD 731.08 billion by 2030, growing at a CAGR of 13.6% in the forecast period (2023-2030).

Global Data Protection As A Service Market Size, Share, Growth Analysis, By Service Type(Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS)), By Deployment(Public Cloud, Private Cloud), By End Use(Small & Medium Enterprise (SME), Large Enterprise) - Industry Forecast 2024-2031

Report ID: SQMIG45C2055 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 89 | Figures: 76

Global Data Protection As A Service Market Competitive Landscape

Data Protection As A Service Market Top Player’s Company Profiles

IBM Corporation
Amazon Web Services, Inc.
HP Inc.
EMC Corporation
Commvault Systems, Inc.
CA Technologies
Symantec Corporation
Microsoft Corporation
Cisco Systems, Inc.
Carbonite, Inc.
Acronis International GmbH
Druva Software
NetApp, Inc.
Barracuda Networks, Inc.
Asigra Inc.
Zetta, Inc.
Iron Mountain Incorporated
Infrascale Inc.
Unitrends Inc.
Veeam Software AG

Data Protection As A Service Market Recent Development

In February 2021, The Hitachi Virtual Storage Platform (VSP) E990 was made available by Hitachi Vantara. This is the new storage platform the supplier is offering to medium business clients. Business applications are accelerated by the low latency of the E990, while data deduplication assures lower storage costs. Additionally, Hitachi Vantara debuted Data Protection as a Service (DPaaS) and enhanced Storage as a Service features in 2021. (STaaS). To provide quick implementation, clear consumption-based pricing, and guaranteed service levels, the as-a-service products are pre-engineered and offered as fully managed services.
In March 2021, The Auwau Cloutility software platform can now be integrated with both IBM Spectrum Protect and IBM Spectrum Protect Plus to provide data protection as a service. It can protect the data in their enterprise and provide data protection to enterprises around the world. Cloutility can transform your IT infrastructure into a utility-based consumption model that automates the business processes used for data protection, including everything from system setup to automatic billing.

Global Data Protection As A Service Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Data Protection As A Service Market size was valued at USD 235.16 billion in 2019 and is poised to grow from USD 267.3 billion in 2023 to USD 731.08 billion by 2031, growing at a CAGR of 13.6% in the forecast period (2024-2031).

The market for data protection as a service is extremely competitive due to the presence of major data protection, disaster recovery, and cloud storage suppliers, as well as managed service providers. The providers are constantly working to update existing features and create cutting-edge solutions. For instance, Hitachi Vantara LLC, a division of Hitachi Ltd., offered a DPaaS solution in April 2021 to help businesses increase their operating efficiencies. To provide businesses with a full suite of data protection solutions, the system can offer on-demand storage as a service. 'IBM Corporation', 'Amazon Web Services, Inc.', 'HP Inc.', 'EMC Corporation', 'Commvault Systems, Inc.', 'CA Technologies', 'Symantec Corporation', 'Microsoft Corporation', 'Cisco Systems, Inc.', 'Carbonite, Inc.', 'Acronis International GmbH', 'Druva Software', 'NetApp, Inc.', 'Barracuda Networks, Inc.', 'Asigra Inc.', 'Zetta, Inc.', 'Iron Mountain Incorporated', 'Infrascale Inc.', 'Unitrends Inc.', 'Veeam Software AG'

The demand for Data Protection As A Service is being driven by the mobility and flexibility provided by QMS software in solutions like document control and non-conformances issue resolution. Due to the inherent scalability and accessibility, cloud-based QMS systems are in greater demand across all industrial sectors. The use of quality management systems (QMS) has grown in the manufacturing, logistics, and transportation industries as a result of stringent rules, ingrained business models, and complicated processes. These legal ramifications are yet another important market-stimulating aspect. The consumer goods and retail sector, which enables the user by supplying high-quality products at an affordable price that achieves customer satisfaction, is what drives demand for QMS.

Public cloud services have long promised businesses a wide range of advantages, but some businesses have always been hesitant due to concerns about data security, compliance, and privacy. According to a recent study commissioned by HPE, these three problems were the main reasons workloads were deemed unsuitable for the public cloud. The landscape is shifting as hybrid cloud usage increases because it gives businesses the best of on-premises, private, and public cloud environments. The number of organizations choosing vendor-agnostic models, which help them spread out the risks of data breaches and security lapses, has increased significantly. The hub of this transformation is the hybrid cloud. Although strategies like those might make data protection more difficult, they also make information security more beneficial.

In 2021, the North American area held more than 42% of the global market share. One reason for the region's expansion is the rise in cyberattacks, as well as the rising costs of cloud-based services and data protection products. Additionally, it is projected that the U.S.'s substantial IT infrastructure, cloud solution providers, and data protection companies would contribute to the increase. Due to increased investment in recovery, backup, and storage solutions as well as stricter data protection laws, the U.S. now holds the highest share in the regional market and is expected to maintain its dominance over the projected period.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Data Protection As A Service Market Size, Share, Growth Analysis, By Service Type(Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS)), By Deployment(Public Cloud, Private Cloud), By End Use(Small & Medium Enterprise (SME), Large Enterprise) - Industry Forecast 2024-2031

Global Data Protection As A Service Market Competitive Landscape

Global Data Protection As A Service Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Data Protection As A Service Market?

Who are the key vendors in the Global Data Protection As A Service Market?

What is the key driver of Global Data Protection As A Service Market?

What is the key market trend for Global Data Protection As A Service Market?

Which region accounted for the largest share in Global Data Protection As A Service Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300