The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

The Business Research Company’s Data Protection As A Service (DPaaS) Global Market Report 2024 offers crucial insights into the data protection as a service (DPaaS) market help businesses analyse and build stronger strategies.

 

 

The data protection as a service (DPaaS) market has witnessed exponential growth in recent years, with significant projections for the future. The market size surged from $26.65 billion in 2023 to $32.65 billion in 2024, marking a remarkable compound annual growth rate (CAGR) of 22.5%. Anticipated figures suggest a promising trajectory, with expectations to reach $79.52 billion by 2028 at a CAGR of 24.9%.

 

 

Driving Forces Behind the Growth

• Data Breaches and Cyber Threats: Escalating instances of data breaches and cyber threats have propelled demand for enhanced data protection measures.
• Stringent Regulations: Compliance requirements and stringent data protection regulations have urged organizations to invest in robust data protection mechanisms.
• Rising Awareness: Heightened awareness regarding data privacy concerns among businesses and consumers alike.
• Cloud Computing Proliferation: The proliferation of cloud computing has necessitated advanced data protection strategies.
• Remote Workforce: The growth in remote and mobile workforce has accentuated the need for secure data handling practices.

 

 

Rising Concerns Over Data Security Drive Growth In The Data Protection As A Service (DPAAS) Market

The surge in concern over data loss and security breaches has catalyzed the demand for DPaaS solutions. Incidents of data breaches, such as those highlighted by the Identity Theft Resource Center, have fueled apprehensions among enterprises worldwide. The upward trend in data breaches from 2020 to 2021 underscores the critical need for robust data protection measures, thus driving market growth.

 

 

Integration Of Connected Devices Reshaping The Data Protection As A Service (DPAAS) Market

Technological innovations, including the integration of connected devices with IoT and VPN, are reshaping the DPaaS landscape. For instance, GLESEC’s Orchestrated data leakage detection and protection service exemplifies the evolving nature of DPaaS offerings. Such advancements address the evolving security requirements of organizations, thereby influencing market dynamics.

 

 

Read The Full Data Protection As A Service (DPaaS) Market Report Here:

https://www.thebusinessresearchcompany.com/report/data-protection-as-a-service-global-market-report

 

 

Veritas Strengthens Cloud Data Protection Capabilities WithHubstor Acquisition

Veritas’ strategic acquisition of HubStor underscores the growing emphasis on cloud-based data protection solutions. By integrating HubStor’s expertise in SaaS-based data protection, Veritas aims to enhance its cloud data protection capabilities, catering to the evolving needs of enterprises.

 

 

Market Segmentation and Regional Insights

The DPaaS market is segmented across various dimensions:

1. Service Type: Includes Disaster Recovery As A Service, Backup As A Service, and Storage As A Service.
2. Enterprise Size: Encompasses both Large Enterprises and SMEs.
3. Deployment Mode: Offers options such as Public Cloud, Private Cloud, and Hybrid Cloud.
4. Industry Verticals: Covers diverse sectors, including BFSI, Telecom And IT, Government And Public Sector, Healthcare, Retail, Energy And Utilities, Manufacturing, and Others.

 

 

Regional Dynamics: North America Leads, Asia-Pacific Emerges

• North America: Spearheaded the DPaaS market in 2023, reflecting its strong foothold in data protection technologies.
• Asia-Pacific: Expected to witness the fastest growth in the forecast period, driven by increasing digitalization and data-driven initiatives across industries.

 

 

Get A Free Sample OnThe Global Data Protection As A Service (DPaaS) Market Report:
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The Data Protection As A Service (DPaaS) Global Market Report 2024 provides a comprehensive outlook of the data protection as a service (DPaaS) market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The data protection as a service (DPaaS) market forecast offers a thorough analysis ondata protection as a service (DPaaS)market size, data protection as a service (DPaaS) market share,prominent players and their strategies.

 

 

The Table Of Content For The Data Protection As A Service (DPaaS) Market Include:
1. Data Protection As A Service (DPaaS) Market Executive Summary
2. Data Protection As A Service (DPaaS) Market Segments
3. Data Protection As A Service (DPaaS) Market Size And Data Protection As A Service (DPaaS) Market Growth Rate
4. Key Data Protection As A Service (DPaaS) Market Trends
5. Major Data Protection As A Service (DPaaS) Market Drivers
……
25. Key Mergers And Acquisitions In The Data Protection As A Service (DPaaS) Market
26. Top Data Protection As A Service (DPaaS) Companies
27. Data Protection As A Service (DPaaS) Market Opportunities And Strategies
28. Data Protection As A Service (DPaaS) Market, Conclusions And Recommendations
29. Appendix

 

 

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Security As A Service Global Market Report 2024

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