Data Protection as a Service (DPaaS) Market Share, Growth Rate Report, Restrains & Outlook Report 2020
Data protection as a service is web delivered or cloud based service which is used to protect data assets residing on the cloud. Organizations are generally using this service to build better security and enhance network security for effective data management on the cloud. DpaaS is multitenant model which allows management of various services via a single portal.
The
rise in data loss concerns is the key driving factor which is expected to boost
the Data Protection as a Service (DPaaS) Market growth. Also, increase in need
for backups, archives, and governance, risk & compliance will significantly
drive the market growth over the forecast period.
Furthermore,
rise in demand for cloud- based disaster recovery and backup for virtual
machines and integration of recovery & backup service providers are
increased significantly which are expected to propel the global data
protection as a service (DpaaS) ,market growth during this forecast period.
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In addition to that, enterprises require these
systems to manage and operate the data effectively. Thereby, enterprises are
enhancing their hosted services for improved benefits like higher scalability,
efficient management, and recovery options. With this continuous evolution,
enterprises are adopting cloud based data protection systems to manage and
recover the data as needed. This is expected to fuel the market growth in near
future.
There are some
restarting factors including third party dependence, and lack of failsafe
feature which are expected to hinder the Data Protection as a Service (DPaaS)
Market growth during this forecast timeline. Also, high costs and complexities
in cloud deployment will affect the market growth.
Data Protection as a Service (DPaaS) Market Segmentation
Data Protection as a Service
(DPaaS) Market is segmented into deployment model such as Public Cloud, Private
Cloud, and Hybrid Cloud, by service type such as Disaster Recovery as a Service
(DRaas), Storage as a Service (STaaS), and Backup as a Service (BaaS),.
Further, market is segmented into end user such as Large Enterprises, and Small
and Medium Size Enterprises.
Also, Data
Protection as a Service (DPaaS) Market is segmented various regions such as
North America, Latin America, Europe, Asia Pacific, and Middle East &
Africa.
Top Key Players
Analysis
Various key players
are discussed in this report such as IBM Corporation, Acronis International
GmbH, Amazon Web Services, Inc, Commvault, EMC Corporation, McAfee, LLC,
Hewlett Packard Enterprise Development LP, Quantum Corporation,and VMware, Inc
Market Segmentation
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Service Type
- Disaster Recovery as a Service
(DRaaS)
- Storage as a Service (STaaS)
- Backup as a Service (BaaS)
By End User
- Large Enterprises
- Small and Medium Size Enterprises
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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