The global data protection as a service market size was US$ 19.71 billion in 2021. The global data protection as a service market size is forecast to reach US$ 173.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 27.3% during the forecast period from 2022 to 2030.

Data Protection-as-a-Service (DPaaS) is a network security and data loss prevention system that is cloud-based or web-based. Virtualization solutions such as a virtual private network (VPN), firewalls, and hypervisors help to monitor the network infrastructure of various businesses. They also make it much easier to keep archive data over time and quickly recover data-in-transit and data-at-rest. The demand for private clouds is increasing in large corporations and small businesses. The use of DPaaS in these businesses varies by factors such as enhanced cybersecurity and other advancements.

Factors Influencing Market Growth

• A number of factors drive the global DPaaS market, including the rising concerns about data loss, the need for data backups and archives, and compliance and governance requirements.
• The high up-front costs may slow down the overall market growth.
• The rising need for cloud-based disaster recovery and backup for virtual machines are forecast to offer lucrative opportunities for the global DPaaS market.

Impact Analysis of COVID-19

COVID-19 pandemic had a positive impact on the global market growth. In order to combat the spread of the virus, the government worldwide imposed a lockdown. As a result, several companies implemented a work from home strategy to avoid the risk of virus transmission among people. Therefore, the demand for DPaaS increased as it helped secure the organization's data from data theft and hacking. In addition, several enterprises were introducing innovative DPaaS solutions as the demand for DPaaS increases due to remote work initiatives, increase in data protection applications, and increase in data protection applications. 

Regional Insights

North America had the largest share in the data protection as a service market in 2021. The growth of the cyber security and cloud service enterprise in North America are driving the market growth. In addition, an upsurge in the execution of legislative compliances in order to improve cloud security and reduce cyber-attacks has fueled market growth. The existence of many companies that present several customized solutions is forecast to offer opportunities for market growth. Additionally, aspects such as data disclosure mandates, the demand for strict compliance toward sensitive data protection, rising spending patterns on security forums, and an increase in internet penetration are fueling market growth in the region.

The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. As a result of the increasing dependability of ICT infrastructure and the growth in cloud exporters' opportunities. In addition, the growing strategic partnerships among regional and U.S. providers are fueling the market growth. Additionally, the rising demand for cloud computing and BYOD are factors boosting the market growth in the region during the forecast period.

Leading Competitors

The leading prominent companies profiled in the global data protection as a service market are:

• International Business Machines Corporation
• Amazon Web Services, Inc
• The Hewlett-Packard Company (HP)
• Commvault Systems, Incorporated
• VMware, Incorporated
• Quantum Corporation 
• Asigra Incorporated
• Dell EMC
• Veritas Technologies LLC
• Cisco Systems, Incorporated
• Other Prominent Players

Scope of the Report

The global data protection as a service (DPaaS) market segmentation focuses on Service Type, Enterprise Size, Deployment Mode, and Region.

Segmentation based on Service Type

• Disaster Recovery as a Service
• Backup as a Service
• Storage as a Service

Segmentation based on Enterprise Size

• Large Enterprise
• Small Enterprise
• Medium Enterprise

Segmentation based on Deployment Mode

• Public Cloud
• Private Cloud
• Hybrid Cloud

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America