Data protection as-a-service market is expected to grow from USD 7.6 billion in 2017 to USD 28.2 billion by 2023, at a compound annual growth rate (CAGR) of 24.53% during the forecast period. Growing concerns related to critical business data loss and the changing governance, risk, and compliance regulations for data storage in organisations drive the demand for data protection as-a service market.
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Data protection as-a-service market is segmented based on type, deployment model, end-user, and region.
By type, the market is segregated into disaster recovery as a service (DRaaS), backup as a service (BaaS), storage as a service (STaaS)
The deployment model segment includes public cloud, private cloud, hybrid cloud
On the basis of end-users, the market is segmented government and defense; banking, financial services, and insurance (BFSI); healthcare; IT and telecom; consumer goods and retail; education; media and entertainment; and Others.
By region, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.
The prominent players in the data protection as-a-service market are IBM Corporation (US), CA Technologies (US), Microsoft Corporation (US), Symantec Corporation (US), Oracle Corporation (US), HP Company (US), McAfee, LLC (Intel Corporation), VMware, Inc. (US), Amazon Web Services, Inc. (US), NetApp, Inc. (US), Acronis International GmbH (Switzerland), Red Hat, Inc. (US), Quest Software (US), Commvault (US), Carbonite, Inc. (US), Veeam Software (US), and Quantum Corporation (US). These players have adopted product launch, product enhancement, and geographic expansion as their key organic growth strategy to increase increase their presence across the globe.
The global Data Protection As-A-Service Market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Data protection as-a-service market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America followed by Europe is expected to dominate the data protection as-a-service market from 2018 to 2023 as these regions are sustainable and well-established economies that have enterprises with high focus on latest technology. Furthermore, the presence of the leading multinational companies in the region further drive the data protection as-a-service market in these regions.
Asia-Pacific is estimated to grow at the significant CAGR during the forecast period. The demand for data protection as-a-service in the region is driven by the rapid pace of digital transformation in countries such as China, Singapore, and India among others. Furthermore, the high adoption of cloud and web-based applications in the region drive the demand for data protection as-a-services.
- Regulatory bodies
- Security solution vendors
- Data protection vendors
- Information security consulting firms
- IT service providers
- Managed Security Service Providers (MSSPs)
LIST OF TABLES
Table 1 Global Data Protection As-A-Service Market, By Region, 2018–2023
Table 2 North America: Data Protection As-A-Service Market, By Country, 2018–2023
Table 3 Europe: Data Protection As-A-Service Market, By Country, 2018–2023
Table 4 Asia-Pacific: Data Protection As-A-Service Market, By Country, 2018–2023
Table 5 Middle East & Africa: Data Protection As-A-Service Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global Data Protection As-A-Service Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Data Protection As-A-Service Market
FIGURE 4 Value Chain Of Global Data Protection As-A-Service Market
FIGURE 5 Share Of Global Data Protection As-A-Service Market In 2017, By Country (In %)
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