USD 235.16 billion
Data Protection As A Service Market Size, Share, Growth Analysis, By Service Type(Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), Storage as a Service (STaaS)), By Deployment(Public Cloud, Private Cloud, Hybrid Cloud), By End Use(SMEs, Large Enterprise), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45C2055 |
Region:
Global |
Published Date: October, 2024
Pages:
165
|Tables:
89
|Figures:
76
Data Protection As A Service Market Insights
Data Protection As A Service Market size was valued at USD 19.51 Billion in 2023 and is poised to grow from USD 25.71 Billion in 2024 to USD 234.1 Billion by 2032, growing at a CAGR of 31.80% during the forecast period (2025-2032).
The adoption of data protection as a service (DPaaS) is transforming the way enterprises use data security and compliance. DPaaS offers a scalable and cost-efficient solution for securing confidential and sensitive data because cyberthreats are becoming more advanced. Moreover, DPaaS utilizes cloud-based platforms for delivering robust security measures like encryption, automated backups, and real-time thereat detection. The demand for data protection as a service (DPaaS) is continuously increasing because of the necessity to secure critical infrastructure and growing adoption of cloud computing. The incorporation of technologically advanced software tools, network-based infrastructure, remote monitoring, and control of multiple businesses operating has increased the vulnerabilities of the companies. This is because these organizations have become prone to cyberattacks, which is boosting the growth of data protection as a service market.
Furthermore, the emergence of multiple small & medium scale enterprises in various industries are utilizing computing technology contributing to the rising demand for data protection solutions. In recent times, many government agencies and businesses have experienced many cyberattacks even with robust security solutions and necessary preventive measures. This is increasing the demand for data protection as a service in many organizations. Furthermore, increasing strict data protection regulations like the general data protection regulation (GDPR) policy and the data protection act are boosting the growth of data protection as a service industry.
US Data Protection As A Service Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
13.6% CAGR
Global Data Protection As A Service Market ($ Bn)
Country Share for North America Region (%)
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Data Protection As A Service Market Segmental Analysis
Global Data Protection as a Service Market is segmented by Service Type, Deployment, End-use, and region. Based on Service Type, the market is segmented into Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), Storage as a Service (STaaS). Based on Deployment, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on End-use, the market is segmented into SMEs, and Large Enterprises. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Service Type
Based on service type, the disaster recovery as a service (DRaaS) segment is dominating the market with the largest data protection as a service market share. The growth of this segment is boosted by the increasing adoption of cloud-based services, the growing need for business continuity, and concerns about data loss. The increasing incidences of cyberattacks, natural catastrophes, and hardware failure have all emphasized the dire need for solid disaster recovery services. Since businesses today are highly dependent on data to run their businesses, the need for robust disaster recovery solution has become of paramount importance. Disaster recovery as a service (DRaaS) enables organizations to have a cloud-based solution on disaster recovery for data, thereby assuring availability of information whenever needed even during a disaster. The lack of multiple businesses before disastrous events and advantages like accessibility of experts, minimized liabilities related to hardware protection are expected to boost demand for this segment during the forecast period.
The storage as a service (StaaS) segment is expected to grow at a significant CAGR during the forecast period. This segment is growing rapidly because of the rising incorporation of data in numerous businesses, rising adoption of cloud computing in various sectors, and cost-effectiveness. Furthermore, many service providers are offering cost-effective innovations in storage technologies, which is also contributing to the growth of the segment. Moreover, the advent of the e-commerce industry and online shopping platforms developed by different businesses is increasing the demand for storage as a service. The growth of the e-commerce sector and online shopping sites, reliance on data is fueling the requirement of StaaS segment. Apart from this, factors like huge accumulation of data by means of mobile phones and other technologies and rising amount of data is increasing the need for storage as a service segment.
Analysis by Organization Size
Based on organization size, the large enterprise segment is dominating the data protection as a service market. Large organizations produce a large volume of data and depend on dedicated cloud service platforms. This need is fueled by their intricate operational needs and large spending on IT. Due to their wide resources and existing IT departments, large enterprises have found it easy to incorporate web or cloud-based service platforms into their infrastructure. At the same time, their advanced security, compliance, and governance requirements have increased demand for sophisticated cloud brokerage services, which has further strengthened their competitive edge in the industry.
As per data protection as a service market analysis, small & medium sized enterprise segment is experiencing tremendous growth and opportunities in recent years. The increasing complexity of data managing regulations coupled with the intensifying frequency and sophistication of cyberthreats have necessitated the adoption of cost-effective and efficient data protection approaches. A survey conducted by cybersecurity firm Guardz showed that more than 57% of SMEs had experienced a cyberattack or a data breach. Consequently, there is a rising demand for DPaaS among SMEs due to availability of providers who are ready to offer competitive and reasonable subscription plans that can easily fit in their budgets. Moreover, growing development of cloud technology and strategic investments helped SMEs put in place a solid data protection policy at reasonable costs. For instance, In April 2024, CommVault completed the acquisition of Appranix, which strengthened and improved security against cyber threats considerably within companies.
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Data Protection As A Service Market Regional Insights
North America is dominating with the largest data protection as a service market share. The growth of the region is driven by early adoption and widespread acceptance of cloud-based technologies. Furthermore, robust ecosystem of cloud services providers and brokerage platforms in countries like the U.S. and Canada is also fueling the market growth. As a result, the region's stringent regulatory standards have increased the requirement for strong data protection mechanisms therefore contributing to the growth of the market. For instance, in the US, the health insurance portability and accountability act (HIPAA) and California consumer privacy act (CCPA) protect personal information and privacy of the consumer. The region's growth driver is the robust IT ecosystem and global leader in cloud adoption. The market in this region has been boosted by the presence of Amazon Web Services, Microsoft, IBM, Oracle in the US as these companies offer various DPaaS solutions.
Over the course of the projected period, it is anticipated that data protection as a service market in Europe would expand with the highest growth rate. Expanding penetration of cloud-based services, emergence of a growing number of small & medium enterprises and rather strict data protection legislations are the prime growth factors for the region. The rising concern in the region over the growth of data breaches and cyberattacks also propelled the growth as companies looking for ways to secure sensitive data. More stringent rules such as the general data protection regulation (GDPR), an EU legal Framework regulates a business a capability to protect the consumer data and implement strong protection measures. Also, the growing need for digital transformation has also contributed to the growth of the market in the region. The evolving technological settings, strict data privacy laws, and strong presence of banks and other financial institutions are the factors augmenting the growth of data protection as a service market in the country.
Global Data Protection As A Service Market By Geography
- Largest
- Fastest
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Data Protection As A Service Market Dynamics
Data Protection As A Service Market Drivers
Increasing Utilization of Mobile Devices
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With the help of stable internet connectivity every day large amounts of data are transferred, stored and shared all across the globe enabling wide enhancement in computing and communication potential. The increasing penetration of mobile phones has increased social, economic, and financial activity in emerging nations. As social and commercial activities grow the demand for better data protection and prevention systems rises as a result driving the growth of this market. In India, the smartphone penetration rate was 71 percent in 2023 and was predicted to be 96 percent in 2040.
Growing Prevalence of Data Breaches
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The number of data breaches is increasing day by day rapidly all across the globe. Thus, this has become a major concern for businesses as it can lead to financial losses, reputational damage, and regulatory fines. It is very important to protect company data from any kind of cyberattacks and threats because of driving market expansion in the forecast period. More than 6 million records were exposed throughout the world through a data breach in the first quarter of 2023.
Data Protection As A Service Market Restraints
High Expense of Data Protection Solution
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A possible factor that can affect the growth of the market is the high expenses associated with the DPaaS. Designing and deploying data protection solutions involves the development of complex algorithms and infrastructure to support them. This requires high capital investment is high along with training employees about the processes of these solutions. The SMEs and other small-scale businesses do not have the financial capability to either develop or purchase these services.
Lack of Skilled Professionals
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The lack of skilled professionals who can efficiently operate the data protection systems is restricting the growth of the market. Furthermore, with the increasing workload there are also time constraints. This is one of major factors due to which companies cannot invest enough time for efficiently training individuals so that they can understand the way these solutions work. This is an important factor that is negatively impacting the growth of the market.
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Data Protection As A Service Market Competitive Landscape
The data protection as a service industry is experiencing vigorous competition as the threat for cyber-attacks and the need for compliance with regulations are rising. Key factors driving market growth are rapid technological advancements, particularly in cloud solutions, and increased adoption of data protection solutions by businesses of all sizes. Market participants are striving to outdo their competitors by embedding AI and machine learning into their solutions so that predictive analytics and real time abnormal behavior detection are enhanced. The increasingly competitive nature of this market drives innovations where firms are looking for tailored service solutions specific to the industry.
Top Player’s Company Profiles
- Amazon Web Services, Inc. (US)
- Cisco Systems, Inc. (US)
- Commvault Systems, Inc. (US)
- Dell Inc. (US)
- HP Development Company L.P. (US)
- IBM (US)
- Microsoft (US)
- NetApp, Inc. (US)
- Oracle (US)
- Quantum Corporation (US)
- Acronis International GmbH (Switzerland)
- Carbonite, Inc. (US)
- Veeam Software (Switzerland)
- Barracuda Networks, Inc. (US)
- Druva Inc. (US)
- Zerto Ltd. (US)
- SonicWall Inc. (US)
- Infrascale, Inc. (US)
- Actifio Inc. (US)
- Datto, Inc. (US)
- Cloudian, Inc. (US)
- Iron Mountain Incorporated (US)
Recent Development
- In October 2024, Fortinet, Inc. launched a new product, FortiDLP, a data loss prevention and insider risk management solution which is a step forward in their solutions line. It’s a cloud-based solution that includes some level of AI, is embedded in the Fortinet Security Fabric and posts up and combines the companies DLP platform.
- In October 2024, Fortinet, Inc. launched FortiCNAPP, it incorporates the Fortinet Security Fabric into its native application protection platform. This tool improves insight and helps solve problems that are a threat to organizations. Security tools which are barely visible are integrated into one to enhance cloud security and enable the use of AI to detect cloud centered weaknesses.
- In October 2024, IBM Corporation introduced a new software which enables the security of information in hybrid clouds, AI and quantum environments, it is called the IBM Guardium Data Security Center. It offers features such as AI powered data protection, governance, risk management, and data encryption on one platform.
Data Protection As A Service Key Market Trends
- High Requirement for Robust Data Security Measures: The growing amount of data has created a necessity for strong data security protocols, especially with the rise in cloud service usage by businesses. As cloud capabilities expand, the scope of data security has broadened, leading organizations to seek more advanced tools to safeguard not just data but also applications and proprietary business processes across public and private clouds. This escalating requirement for robust data security measures has fueled the popularity of Data Protection as a Service (DPaaS).
- Increase in Cyberattacks: The increasing prevalence and severity of cyber-attacks have raised awareness about the significance of data protection, leading to a heightened demand for DPaaS. This demand is particularly noticeable because of the growing necessity for data protection among cloud service providers. The rise in cyber-attacks has emphasized the requirement for data protection and has further fueled the demand for DPaaS. It's becoming increasingly evident that the loss of vital data from cyber-attacks can significantly harm an organization's reputation and ability to operate.
Data Protection As A Service Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in the present business landscape, the transformation towards virtual assets and teleworking because of social distancing measures has led to an increasing emphasis on data protection as a service (DPaaS). Furthermore, DPaaS allows enterprises to outsource their data security requirement to service providers, ensuring scalability and recovery options for businesses. However, with the growing adoption of public cloud services, the security concerns are increasing which must be addressed, such as privacy and data exposure. DPaaS offerings consist of multi-layered security systems, data triangulation, and data migration services to mitigate risks of data loss, theft, leakage, and breaches. Industry verticals like finance, healthcare, and retail are investing in DPaaS solutions for improving their IT infrastructure and meeting regulatory compliance requirements.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 14.8 billion |
| Market size value in 2031 | USD 177.62 billion |
| Growth Rate | 31.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Data Protection As A Service Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Data Protection As A Service Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Data Protection As A Service Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Data Protection As A Service Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Data Protection As A Service Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Data Protection As A Service Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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