Data Protection
As-A-Service Market - Overview
The need to safeguard data is more important than
ever, as a result the Data Protection As-A-Service Market 2020 is growing rapidly.
The ICT industry reports are produced by Market Research Future, which
highlights market options for expansion. A CAGR of 24.53% is predicted to
transform the earning capacity to USD 28.2 billion by 2025.
The prevalence of advanced cyber-attacks is
estimated to create traction for the data protection as-a-service market. The
support of governments around the world in terms of the policies they have
formulated is further estimated to create a potential for the data protection
as-a-service market growth.
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Segmental Analysis
The segmentation of the data protection as-a-service
market is conducted on the basis of the deployment model, type, end-user, and
region. Based on the end-users, the data protection as-a-service market is
segmented into government and defense, media and entertainment, BFSI,
healthcare, consumer goods and retail, IT and telecom, education, and others.
Based on the type, the data protection as-a-service market is segmented into backup
as a service (BaaS), disaster recovery as a service (DRaaS), and storage as a
service (STaaS). The deployment model-based segmentation of the data protection
as-a-service market includes private cloud, public cloud, and hybrid cloud.
Based on the region, the data protection as-a-service market is segmented into
North America, Europe, Asia-Pacific, and the rest of the regions.
Detailed Regional Analysis
The regional study of data protection as-a-service
market includes North America, Europe, Asia-Pacific, and the rest of the
regions.
The North American regional market is followed by
the European region is anticipated to control the data protection as-a-service
market in the forecast period. As these regions are sustainable
well-established economies that have ventures with an elevated focus on most
recent technology. In addition, the presence of major multinational companies
in the region is furthering driving the data protection as-a-service market in
these regions. The Asia-Pacific region is likely to grow at a noteworthy CAGR
for the duration of the forecast period. The need for data protection
as-a-service in the region is motivated by the rapid movement of digital
transformation in nations such as Singapore, China, and India, among others.
Furthermore, the soaring implementation of cloud and web-based use in the
region is driving the demand for data protection as-a-service market.
Competitive Analysis
The stability of the economic state is expected to
further lend to the favorable development in the global market strength. The
improvement in research and development facilities and equipment is further
projected to influence the growth of the market in the forecast period. The
need to prepare for contingencies such as natural disasters, pandemics, and international
trade wars is expected to allow the market a better capability to deal with the
challenges. The scope of development of the market shows a high growth
potential that the market can achieve in the coming years. The strategic
allocation and positioning of assets are expected to aid each competitor in the
mart with their growth goals. The inducement of favorable regulations
introduced by the governments of several countries is estimated to enhance the
profits that can be gained by the market. The availability of suitable means to
build robust distribution channels is estimated to characterize the future
expansion of the market in the forecast period.
The outstanding contenders in the data protection
as-a-service market are Symantec Corporation (US), Veeam Software (US), IBM Corporation (US), CA
Technologies (US), Microsoft Corporation (US), Commvault (US), Oracle
Corporation (US), Amazon Web Services, Inc. (US), Red Hat, Inc. (US), McAfee,
LLC (Intel Corporation), VMware, Inc. (US), NetApp, Inc. (US), Acronis
International GmbH (Switzerland), Quest Software (US), HP Company (US),
Carbonite, Inc. (US), and Quantum Corporation (US).
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