Data Protection As-A-Service Market is expected to rise at annual rate 24.30% in the forecast period of 2021 to 2028 and will reach USD 83.17 billion by 2028 due to the increasing concerns regarding data loss.
On the other hand, rise in the incurrence of costs and rising complexity in cloud DPaaS deployment are expected to obstruct the market growth in the above mentioned forecast period and is further projected to challenge the data protection as-a-service market.
According to Data Bridge Market Research the markets for data protection as-a-service is accelerating because of the growing need for data backups and archives, rise in the governance, risk, and compliance requirements for storage and increase in the adoption of next-generation technologies and growing migration of data to a cloud model to gain flexibility, agility. Additionally, rise in the Brings Your Own Device (BYOD) and Choose Your Own Device (CYOD) trends among enterprises and increase in the dependencies on remote network infrastructure influenced businesses to opt for recovery services positively affect the data protection as-a-service market.
Furthermore, increasing demand for cloud-based disaster recovery and backup for virtual machines, rise in the integration of backup services and recovery, growing technological advancements and modernization in the production techniques and increase in the need from the emerging markets extend profitable opportunities to the market players.
Now the question is which are the other regions that data protection as-a-service market targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the rise in the adoption of managed services.
For more analysis on the data protection as-a-service market request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-data-protection-as-a-service-market
Data protection as-a-service market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
To know more about the study, https://www.databridgemarketresearch.com/reports/global-data-protection-as-a-service-market
Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of data protection as-a-service companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-data-protection-as-a-service-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Data Protection As-A-Service Market – Industry Trends and Forecast to 2028