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

The global DPaaS market has been segmented into five major geographical regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America. In North America, the market’s growth is mainly driven by the presence of multiple vendors offering a variety of DPaaS solutions tailored to clients’ requirements. The region is predicted to retain its leading position throughout the forecast period.

In Europe, the rising cloud spending by the governments of European countries such as the U.K., Germany, and France is observed as one of the major reasons for massive cloud adoption in both the public and private sectors of Europe.

The DPaaS market in Asia Pacific is mainly supported by an extensive reliable ICT infrastructure with a high level of opportunities for cloud exporters. This is further supported by the growing number of partnerships among regional and the U.S. cloud providers in Asia Pacific. Factors fueling the growth of DPaaS market in MEA region include rising ICT capabilities, wide acceptance of cloud technology and increasing upgrade of data centers. In Latin America, rising investment in R&D activities and the establishment of new data centers is projected to be the major driver of the market during the forecast period.

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)

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