The report on the Global Data Protection As-A-Service Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
The global data protection as-a-service technology comprises a cluster of cloud-based or web-delivered services that safeguard data of businesses and provides safe ambience to expand network security and recovery options. The global data protection as-a-service market is expected to make a leap from USD 7.6 billion in 2017 to USD 28.2 billion by the end of 2023 with an astonishing 24.53% CAGR during the forecast period (2018-2023). Market Research Future (MRFR), in their valuable report, assesses a possibility for the data protection as-a-service market to explore uncharted territories and opening up of avenues regarding technological advancement.
Major factors to inspire the global data protection as-a-service market are the growing security threat, which can breach security walls and leak personal information. Several end-users like banks, entertainment sectors are implementing this technology into their system to ensure maximum security coverage. On the other hand, inclusion of the cloud services is making this system easily accessible and affordable. This can provide substantial growth opportunity for the global data protection as-a-service market.
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Several companies are showing keen interest in taking significant role in the growth of the global data protection as-a-service market. They are taking various strategic routes to ensure their individual furtherance and holistic rise for the market. These companies are CA Technologies (US), IBM Corporation (US), Symantec Corporation (US), Microsoft Corporation (US), McAfee, LLC (Intel Corporation), Oracle Corporation (US), HP Company (US), Amazon Web Services, Inc. (US), VMware, Inc. (US), Acronis International GmbH (Switzerland), NetApp, Inc. (US), Veeam Software (US), Quest Software (US), Red Hat, Inc. (US), Carbonite, Inc. (US), Commvault (US), and Quantum Corporation (US). MRFR listed and profiled these companies for a better predictive analysis.
In June 2019, Druva, a software-as-a-service-based data protection provider, announced that it has recently raised $130 million, which takes the company well past USD 1 billion valuation barrier. This funding was led by Viking Global Investors. The company is also planning to acquire a startup named CloudLanes, which gets backing by Microsoft and others.
The Data Protection As-A-Service Market, as suggested by MRFR, has been segmented based on type, deployment model, and end-user. This segmentation ensures a closer peek into the market for a detailed understanding. It is backed by a lot of data with figures from both volume-wise and value-wise reading.
Based on the type, the data protection as-a-service market includes disaster recovery as a service (DRaaS), backup as a service (BaaS), storage as a service (STaaS).
Based on the deployment model, the data protection as-a-service market comprises public cloud, private cloud, and hybrid cloud. The hybrid cloud segment has substantial market hold as complete reliance on cloud is still facing a drawback in terms of security.
Based on the end-users, the data protection as-a-service market comprises government & defense, banking, financial services, and insurance (BFSI), healthcare, IT & telecom, consumer goods & retail, education, media & entertainment, and others.
The geographical analysis, as done by MRFR for their report on data protection as-a-service market, includes North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). This analysis has its foots cemented in the intent to find prospects on a demographic scale.
North America is expected to gain the maximum from the data protection as-a-service market during the forecast period as the region has several sustainable and well-established economies with high focus on the latest technology. At the same time, several leading multinationals are operating from the region, which is also ensuring solid grounds for the data protection as-a-service market growth.
The APAC market is expected to exploit opportunities to the fullest and gain the highest CAGR during the forecast period. The region is witnessing rapid digital transformation owing to the industrial and economic reformation in countries like China, Singapore, and India among others. This is also spurring the intake of cloud and web-based applications in the region, which is significantly influencing 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)
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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
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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