Global Data Protection as a Service (DPaaS) market is expected to touch $29.3 billion by 2022, showing a CAGR of 30.6% during the forecast period (2016-2022), as per a report by KBV Research.
Enterprises are concerned about data loss, data backups and archives, governance, as well as risk and compliance requirements. The rise in demand for economic disaster recovery and security solutions have contributed to the significant growth in DPaaS market worldwide.
The data protection solutions have been widely adopted by healthcare, retail and other industries for safety and security of digital assets. These solutions are cloud-based services, and organizations are rapidly moving to cloud to control operational expenses, and other benefits.
By service type
In 2015, Storage as a Service (STaaS) market held the largest market share, and is expected to dominate the market till 2022.
Backup as a Service (BaaS) market will grow at a CAGR of 33% during the forecast period.
By deployment mode
Private market dominated the global DPaaS market in 2015, and is expected to continue its dominance till 2022.
Hybrid market will grow at a CAGR of 33.4% during the forecast period.
In 2015, North America dominated the global DPaaS market, and will continue to dominate till 2022, showing a CAGR of 28.9% during forecast period.
Europe and APAC market will grow at a CAGR of 29.7% and 33%, respectively, during the forecast period.
Also read: Automation-as-a-service market expected to touch $7 billion by 2023: KBV Research
KBV Research’s report provides quantitative insights on the market potential across the globe and key influencing factors of DPaaS on a regional basis. It also includes the leading companies in DPaaS segment including IBM, HPE, Oracle, CA, VMware, Amazon, and Quantum
For full report, visit: https://kbvresearch.com/global-data-protection-as-a-service-dpaas-market/