Overview:
Data Protection-as-a-Service (DPaaS) is one of the most promising cloud-based service, widely used for providing data privacy and security. DPaaS market is expected to witness steady growth owing to rising demand from numerous large and medium scale organizations to secure their business data. Currently, DPaaS is one of the highly preferred solutions to fulfill need for data security services to protect continually increasing business data. Virtualization of storage devices and servers is one of the major trends gaining traction in the overall DPaaS market.
Data Protection-as-a-Service market is segmented based on delivery model into public, private and hybrid cloud. At present, private cloud holds dominance in overall DPaaS market as many large companies including Amazon.com, Inc., IBM Corporation along with Microsoft Corporation are coming up with their private clouds, capable to handle all kinds of data and applications. Furthermore, hybrid cloud DPaaS is expected to display promising growth over the forecast period as it allows to switch from private to public cloud as per the user’s requirement.
DPaaS market is further segmented by services into Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS) and Storage as a Service (STaaS). Currently, BaaS holds the highest share in overall DPaaS market. BaaS is expected to hold its dominant position in global market owing to increasing number of data centers worldwide. Similarly, DRaaS segment is also expected to witness incremental growth, as disaster recovery plans are becoming mandatory in government and BFSI vertical to protect their sensitive data on the cloud.
North America is the regional leader in overall cloud computing services as newer cloud services witness warmer demand in this region as compared to Asia Pacific and Europe. Predominant deployments across different industry verticals is one of the most influencing factors, making North America the major market. Subsequently, North America contributes to the highest revenue in overall DPaaS market. Further, Asia Pacific is estimated to grow at the fastest rate owing to continually rising adoption of cloud services and inclination towards effective data protection.
Major drivers of Data Protection-as-a-Service (DPaaS) market:
- Decreasing cost of cloud computing services
- Growing concerns regarding data loss
- Increasing need for data backups and archives
- Increasing demand from large and small & medium enterprises
- Heavy investment by government into cloud based infrastructural activities
Major restraints of Data Protection-as-a-Service (DPaaS) market:
- Lack of failsafe feature
- Third-party dependence
The global Data Protection-as-a-Service (DPaaS) market is segmented on the following basis:
- Delivery Model:
- Public Cloud
- Private Cloud
- (Large enterprises especially prefer private cloud (e.g. Microsoft - Azure) as a delivery model due to security concerns on external third party service providers.)
- Hybrid Cloud
- Service Type
- Disaster Recovery as a Service (DRaaS)
- Backup as a Service (BaaS)
- Storage as a Service (STaaS)
- End-user:
- Large Enterprises
- Small & Medium Enterprises
- Geography:
- North America
- U.S.
- Rest of North America
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- Japan
- China
- South Asia
- Rest of Asia Pacific
- Rest of the World (RoW)
- Latin America
- Middle East & Africa (MEA)
Key players identified in Data Protection-as-a-Service (DPaaS) market include but are not limited to:
IBM Corporation, Hewlett Packard Enterprise Development LP, Oracle Corporation, CA Technologies, VMware, Inc., Amazon Web Services, Inc., Commvault Systems, Inc., Quantum Corporation, Symantec Corporation, McAfee, LLC, Veeam Software, Dell, Inc. and NetApp, Inc. among others.
