Skip to main content

Data Protection as a Service (DPaaS) Demand Scaling Well with Increasing Cloud Workloads

The three leading providers of data protection as a service models in 2015 were EMC Corporation, HP Development Company, L.P., and Amazon Web Services, Inc. They held leading shares in DPaaS consistently till now and are additionally showing a high rate of growth over the coming years. The data protection as a service models provided by IBM Corporation are considered to hold strong potential.

As per a new publication by Transparency Market Research, the global market for data protection as a service is in a state of intense competition, due to the high proliferation of cloud computing in multiple industries and sectors around the world. With data recovery and disaster management of data fast becoming the top priorities of both large enterprises and SMEs, the providers of data protection as a service are situated in a highly promising position of growth till 2024.

The global market for data protection as a service is expected to show an astronomical CAGR of 30.1% within the forecast period from 2016 to 2024, with respect to its revenue. The revenue is expected to be US$5.66 bn by the end of 2016 and is projected to reach US$46.40 bn by the end of 2024.

Obtain Report Details @

http://www.transparencymarketresearch.com/data-protection-as-a-service-dpaas-market.html

North America, with its massive IT industry and the growing scope of cloud computing in the public sector, is expected to retain its dominant share in the global market for data protection as a service. By the end of 2024, North America is expected to generate as much as US$14.07 bn in DPaaS revenue.

Asia Pacific on the other hand is expected to be the faster region in terms of demand for data protection as a service. This region’s DPaaS market is projected at a CAGR of 33.6% from 2016 to 2024.

Globally, the private cloud has been the more preferred deployment model for data protection as a service. This segment is expected to generate US$20.123 bn by the end of 2024. Meanwhile, hybrid clouds are expected to show the faster growth in demand as far as the deployment of DPaaS is concerned. It is projected at a CAGR of 31.1% from 2016 to 2024.

This 94 page report gives readers a comprehensive overview of the Data Protection as a Service Market. Browse through Table.

One of the key drivers for the global data protection as a service market is the staggering volumes of workload taken up by the cloud computing application markets. There is a very high degree of virtualization today, with SaaS, PaaS, and IaaS being pushed across multiple industry verticals. The overall workload is rapidly migrating from conventional data centers to cloud-based platforms.

“With greater cloud-based workloads will come a greater need for data protection. This is where the providers of data protection as a service come in, supplying the needful,” states a TMR analyst.

Get Sample copy of the Report @

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11144

The analyst adds, “There is still an immense scope of growth left for data protection as a service providers in emerging economies, especially the Asia Pacific region. India, China, and Southeast Asia are expected to become key regions in the utility of cloud computing, thus becoming key sources of finding users for data protection as a service solutions.

Key Takeaways:

  • Private cloud DPaaS deployment models to accrue a revenue of US$20.12 bn by 2024.

  • Disaster recovery as a service to become leading service in DPaaS, generating a revenue of US$19.73 bn by 2024.

  • Large enterprises take up greater share of data protection as a service solutions, creating a projected revenue of US$23.46 bn by 2024.

Key segments of the Data Protection as a Service (DPaaS) Market

Global Data Protection as a Service Market, by Deployment Model

  • Public Cloud

  • Private Cloud

  • Hybrid Cloud

Global Data Protection as a Service Market, by Services

  • Disaster Recovery as a Service (DRaaS)

  • Backup as a Service (BaaS)

  • Storage as a service (STaaS)

Global Data Protection as a Service Market, by End Users

  • Large Enterprises

  • Small & Medium Enterprises (SMEs)

Global Data Protection as a Service Market, by Region

  • North America

  • Europe

  • Asia Pacific

  • Rest of the World

Labels:

Comments

Post a Comment

Popular posts from this blog

Aerospace Window Frame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Aerospace window frames are used in the cockpit windshields and passenger cabin windows to provide rigidity to the windows. Metal window frame is used widely in aircrafts. Increase demand of cockpit windshield frame in different countries such as India, Brazil and China among others is the one of the major factor boosting the market for aerospace window frame during the forecast period of 2017 – 2025. Based on aircraft type, the global aerospace window frame market is segmented into wide body aircraft, narrow body aircraft, very large aircraft, general aviation and regional aircraft. Among various aircraft types, in 2016, the wide body aircraft segment is estimated to be the major market followed by very large aircraft and expected to be the same during the forecast period of 2017 – 2025. Increasing regional and commercial aircraft deliveries is expected to be one of the major factor fueling the regional aircraft segment in global aerospace window frame market during the fo...
Post a Comment
Read more

Umbilical Market: Worldwide Industry Analysis and New Market Opportunities Explored

Umbilical cable refers to a technology which transfers signals, consumable, or energy from one end of the cable to another. Umbilical cables consist of multiple components assembled together in a composite structure. These components include hoses, tubes, electric cables, and optic cables. In addition, various types of umbilical cables are designed according to the requirement within the application such as electrical umbilical cables with signal and power elements to connect the ends over long distance. Furthermore, some umbilical cables are used to control the operation of subsea production, processing, and injection facilities. Similarly, some umbilical cables provide electric power to control signals to and from system. The Remote Operated Vehicle (ROV) umbilical communication cables are widely used during the installation of subsea control systems, and operational systems. The umbilical cables are also used to monitor position and functions of subsea installations remotely from o...
Post a Comment
Read more

Mulch Films Market By Manufacturers, Regions, Type and Application, Forecast To 2027 | AMCO Proteins, BASF SE, Berry Global Inc., Dow

  To understand the market in depth,  Mulch Films Market  research report is the perfect solution. With the specific base year and the historic year, estimations and calculations are performed in the report. This global market research report studies the market at regional and global level by considering major geographical areas. This Mulch Films report is generated with the combination of best industry insight, practical solutions, talent solutions and latest technology. The analysis and forecasting of market data using best statistical and coherent models, market share analysis and key trend analysis are the major accomplishing factors in this market report. Mulch Films report provides complete background analysis of the Mulch Films industry which includes an assessment of the parental market. All the statistical and numerical data, which is calculated with the most established tools such as SWOT analysis, is represented with the help of graphs and charts for the best u...
Post a Comment
Read more