Report ID: SQMIG45J2078
Report ID:
SQMIG45J2078 |
Region:
Global |
Published Date: November, 2024
Pages:
242
|
Tables:
113 |
Figures:
77
Telecom Service Assurance Market size was valued at USD 7.58 Billion in 2023 and is poised to grow from USD 8.32 Billion in 2024 to USD 17.58 Billion by 2032, growing at a CAGR of 9.80% 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 Telecom Service Assurance Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG45J2078