Global Data Protection as a Service Market Driven by Growing Adoption of Cloud Computing

ALBANY, New York, March 20, 2017 – MarketResearchReports.biz has announced the addition of a new report to its repository, titled “Global Data Protection as a Service Market 2016–2020.” The report presents an in-depth analysis of all the factors that may influence the demand for DPaaS in the near future and estimates the state of market until 2020. Besides segmenting the market based on application and region in order to present the true opportunities available for the vendors, the report also profiles several key players currently active in the market in order to analyze the competitive landscape. 

The report observes that data protection as a service is proving useful for several industries that are employing cloud-based services to enhance their productivity. DPaaS helps in storage, backup, and recovery of data assets in a secure manner. Increasing need for data backup and archiving by customers and organizations is the primary driver of this market. As the stored data also aids the enterprises in decision-making process and provides the data at remote locations, cloud-based backup are gaining popularity, which in turn is augmenting the demand in the global DPaaS market.

Application-wise, the global data production as a service market has been segmented by the report into DRaaS (disaster recovery as a service), BaaS (backup as a service), and STaaS (storage as a service). Out of these, the STaaS segment accounted for 40% of the demand in 2015 and currently dominates the market, owing to variety of of solutions offered into cloud-backup, stand-alone and platform-attached storage, and cloud archiving. 

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Geographically, the report explores the opportunities available in the regions of Americas, Asia Pacific, and Europe and the Middle East and Africa. Out of these, Americas currently serve most of the demand and is expected to remain the most profitable geographical segment during the forecast period with increasing virus threats, rapidly growing number of web-based applications, and availability of low-cost services owing to software outsourcing. Vendors such as HP, Google, Amazon Web Services, and Microsoft, who have established data centers across the world, will further drive the demand from the American region. 

With the presence of several smaller players who are eating into the demand, the global DPaaS market is fragmented. The report detects Amazon.com, HP, IBM, Veritas Technologies, Commvault, and EMC as the leading companies in the global data protection as a service market, who are actively indulging in mergers and acquisitions to gain advanced technology and thereby market shares. The report also identifies some of the other prominent vendors such as Symantec, Backblaze, Nasuni, NetApp, CA Technology, Acronis, Quantum, Rackspace, Seagate, Asigra, Carbonite, Fujitsu, Google, Cisco, Datalink, Hexistor, Iron Mountain, ITC Infotech, iDrive, Barracuda Networks, KeepItSafe, Microsoft, Mozy (EMC), Proact, Skyvia, SugarSync, and Symform. 

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