What is Data Protection as a ServiceMarket?
With the growing stringent regulations and Increasing cybersecurity threats, rising adoption of hybrid cloud solution are driving the Global Data protection as a service. DPaaS (Data protection as a Service) is a cloud-based service for backup, recovery, or storage of data assets that includes data of customers and organizations. DPaaS is projected to witness steady growth from small and big organizations in terms of securing their data. It helps organizations to improve the data security for data in transit or at rest. The SMEs (Small and medium-sized enterprises) are predicted to have the fastest growth in the market during the forecast period.
Increased demand for data backup and archives, Convergence of backup services and recovery and Need for virtualization of storage devices and servers.
Increased data loss concerns., High demand for backups, archives, and governance and Rapid stringent government regulations for IT security and digitization.The increasing need for valuable data protection.
High-growth segments of the market by Stakeholders and The increasing need for data backups and archives.
The Players Covered in the Study are:
IBM Corp. (United States), Amazon web services, Inc. (United States), HP Development Company (United States), Commvault Systems (United States), EMC Corp. (United States), VMware,Inc. (United States), Quantum Corp. (United States), Asigra, Inc. (Canada), Veritas Technologies (United States) and Cisco Sys. (United States)
List of players that can be included in the study on immediate basis are HTC Corp.(China), Red Hat (United States), Microsoft (United States), Citrix (United States), OneLogin and Infocom Corp..