Welcome!

News Feed Item

Data Protection as a Service (DPaaS) Market to Reach US$46.40 Bn by 2024 as Adoption of Cloud Computing Soars: Transparency Market Research

ALBANY, New York, June 2, 2016 /PRNewswire/ --

According to a new market report published by Transparency Market Research entitled "Data Protection as a Service (DPaaS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024," the global Data Protection as a Service (DPaaS) Market was valued at US$4.50 bn in 2015 and is expected to expand at a CAGR of 30.1% from 2016 to 2024, reaching US$46.40 bn by the end of the forecast period.

Due to the growing popularity and adoption of cloud computing services, many organizations of all sizes are looking to grab advanced cloud features in order to deliver high scalability and management to their services. The rising demand for cost effectiveness and disaster recovery are currently identified as the key reason for the growth of the DPaaS market across the globe. Additionally, the demand for cloud computing services, such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), are paving the way for the DPaaS market. The global Data Protection as a Service (DPaaS) Market is currently challenged by the lack of appropriate security tools and budget constraints for cloud users. Many organizations willing to back up their processes and systems on the cloud in the event of a disaster are faced with the complexities of doing so. The existing IT/system infrastructure of organizations is too complex to be replicated onto the cloud and at later stages, becomes too difficult to be retrieved.

Get Sample Report Copy or for further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11144

The global Data Protection as a Service (DPaaS) market has been segmented on the basis of deployment models into public cloud, private cloud, and hybrid cloud. Private cloud was the leading segment by deployment model, accounting for approximately 42% of the total market revenue in 2015. The segment is anticipated to maintain its supremacy throughout the forecast period from 2016 to 2024. Hybrid cloud is predicted to be the fastest-growing segment of the DPaaS Market. The segment is expected to emerge as a key milestone on the roadmap of IT as more enterprises plan to make it a part of their IT strategies.

Browse The Press Release: http://www.transparencymarketresearch.com/pressrelease/data-protection-as-a-service-dpaas-market.htm

By services, the global DPaaS market is classified into Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), and Storage as a Service (STaaS). In 2015, the market was led by the BaaS segment and followed by the STaaS and DRaaS segments. The DRaaS segment is projected to expand the fastest with a CAGR of 33.0% during the forecast period. This can be concluded as the introduction of various disaster recovery plans becoming mandatory in the banking, financial services, and insurance (BFSI), government, and public sectors. Currently, the BFSI, government, and public sectors of many locales have already deployed or are in the process of deploying DRaaS solutions.

Browse In Detail Regional Analysis: http://www.europlat.org/global-data-protection-as-a-service-dpaas-market.htm

By end-users, the global DPaaS market is categorized into large enterprises and small and medium enterprises (SMEs). In 2015, the global DPaaS market was led by large enterprises due to growing demand for security. SMEs are predicted to be the fastest-growing segment during the forecast period. The demand is generated by the increasing number of small companies that are constantly looking to move all their applications to the cloud in order to become more cost effective and achieve shorter time-to-market.   

The global Data Protection as a Service (DPaaS) market has been segmented as below:

Global Data Protection as a Service (DPaaS) Market, By Deployment Model 

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Global Data Protection as a Service (DPaaS) 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 (DPaaS) Market, By End-users 

  • Large Enterprises
  • Small and Medium Enterprises (SMEs)

Global Data Protection as a Service (DPaaS) Market, By Geography 

  • North America (NA)
  • Europe (EU)
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America (LATAM)

Other Research Reports by Transparency Market Research: 

  • Peer-to-Peer Lending Market:  

http://www.transparencymarketresearch.com/peer-to-peer-lending-market.html

  • Digital Asset Management market:  

http://www.transparencymarketresearch.com/digital-asset-management-market.html

  • Interactive Whiteboard Market 

http://www.transparencymarketresearch.com/interactive-whiteboard-market.html

About Us 

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr. Sudip. S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: http://www.transparencymarketresearch.com/

SOURCE Transparency Market Research

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.