Data Protection As a Service Market is predicted to reach USD 0.36 Billion at a CAGR of 15.45% during the forecast period 2023-2032

Market Research Future (MRFR) has published a cooked research report on the “Data Protection As a Service Market” that contains information from 2018 to 2032. The Data Protection As a Service Market is estimated to register a CAGR of 15.45% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Data Protection As a Service Market — IBM Corporation, Hewlett Packard Enterprise Development Lp, Dell Technologies Inc, Hitachi Vantara Corporation, Thales Group, ATOS SE, MUSARUBRA US LLC (MCAFEE LLC), Commvault, Micro Focus International Plc, Quantum Corporation, NETAPP Inc, VOLICO Data Centers, Cohesity Inc, Veritas, and NXTGEN Datacenter & Cloud Technologies

Market Highlights

The global Data Protection As a Service Market is accounted to register a CAGR of 15.45% during the forecast period and is estimated to reach USD 0.36 Billion by 2032.

Data Protection as a Service (DPaaS) refers to a cloud-based service that offers data protection and backup solutions to organizations. It allows businesses to securely store, manage, and protect their critical data in off-site cloud environments. DPaaS providers typically offer a range of features, including data backup, disaster recovery, data encryption, access controls, and compliance monitoring.

Segment Analysis

The global Data Protection As a Service Market has been segmented based on Type, and Organization Size.

The Data Protection As a Service market segmentation, based on service type, includes disaster recovery as a service (DRaaS), backup as a service (BaaS), and storage as a service (STaaS). The storage as a service (STaaS) segment dominated the market, accounting for 44% of market revenue. The service is more common among small and medium-sized businesses since it provides a practical means of mitigating disaster recovery and storage needs. Also, the industry is expanding due to the rising demand for long-term preservation of records, databases, and the cloud to improve business continuity.

The Data Protection As a Service market segmentation, based on organization size, includes small & medium enterprises and large enterprises. The large enterprise generated the most income (70.4%). The three main causes of category growth are rising cyber threat threats, data breaches, and cloud adoption by major businesses. Another factor driving major businesses to adopt various data protection and recovery solutions is the requirement to comply with the ever-changing data protection rules and guidelines. Large businesses also take on a lot of strategic efforts, from acquisitions and regional distribution to technological partnerships.

Regional Analysis

The global Data Protection As a Service Market, based on region, has been divided into North America, Europe, Asia-Pacific and the Rest of the World. The North American Data Protection As a Service market will dominate this market; the region's expansion is the rise in cyberattacks and the rising costs of cloud-based services and data security products. Additionally, it is projected that the U.S.'s substantial IT infrastructure, cloud solution providers, and data protection companies would contribute to the increase. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, Japan, India, Australia, South Korea, China, and Brazil.

The Europe Data Protection As A Service market holds the second-largest market share due to rising costs for recovery, backup, and storage options and stricter data protection regulations. Additionally, the European region's market for data protection as a service in the UK expanded at the fastest rate. The largest market share for the product was in Germany.

the Asia-Pacific region is expected to have the fastest CAGR growth in the market for data protection as a service. One aspect of regional development is the expanding use of managed services, security measures, and data hosting services. Another element promoting regional prosperity is the tendency towards ongoing digital transformation. Additionally, the greatest market share in the Asia-Pacific region for data protection as a service was held by China, while the market in India had the quickest rate of expansion.

Key Findings of the Study

• The global Data Protection As a Service Market is expected to reach USD 0.36 Billion by 2032, at a CAGR of 15.45% during the forecast period.


• the Asia-Pacific region is expected to have the fastest CAGR growth in the market for data protection as a service. One aspect of regional development is the expanding use of managed services, security measures, and data hosting services. Another element promoting regional prosperity is the tendency towards ongoing digital transformation.


• The Data Protection As a Service market segmentation, based on service type, includes disaster recovery as a service (DRaaS), backup as a service (BaaS), and storage as a service (STaaS). The storage as a service (STaaS) segment dominated the market, accounting for 44% of market revenue.


• , Hewlett Packard Enterprise Development Lp, Dell Technologies Inc, Hitachi Vantara Corporation, Thales Group, ATOS SE, MUSARUBRA US LLC (MCAFEE LLC), Commvault, Micro Focus International Plc, Quantum Corporation, NETAPP Inc, VOLICO Data Centers, Cohesity Inc, Veritas, and NXTGEN Datacenter & Cloud Technologies