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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