Data Protection as a Service Market ? Public Cloud, Private Cloud, Hybrid Cloud

Posted by Rashmi Patil on March 14th, 2019

DPaaS is a web-delivered or cloud-based service to protect data assets residing on the cloud. Enterprises generally utilize this service to build better security and enhance their network security for effective data management on the cloud. There is presently a rising need to reduce complexities in terms of large data volumes for application development. DPaaS services help organizations look after these issues by providing cost-effective cloud services. It is a multi-tenant model which allows management of various services through a single portal. On its deployment, DPaaS seamlessly provides virtual machine capabilities for each and every server.

By service, the DPaaS market is segmented into Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), and Storage as a Service (STaaS). DRaaS is expected to be the fastest growing segment during the forecast period. Growing demand for data security and privacy across all data centers worldwide is playing a key role in driving the segment’s growth. On the basis of deployment models, the global DPaaS market is segmented into public cloud, private cloud, and hybrid cloud.

In 2016, the hybrid cloud segment led the market accounting for approximately 50% of the total market revenue due to the growing number of large enterprises across the world looking for greater level of security and privacy on the cloud in order to cope with changing computing needs and costs associated with it.

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