The Australia and New Zealand data protection as a service market accounted for US$ 159.2 Mn in 2018 and is expected to reach US$ 2244.8 Mn by 2027, thereby registering an attractive CAGR growth rate of 34.3% from 2019 to 2027. Factors such as stringent data protection regulations for information security and increasing need for data backups and archives are propelling the growth of data protection as a service market. However, High incurrence of costs of data protection service is hindering the data protection as a service market growth to a certain extent.

Globally, organizations are investing in advanced technologies and solutions to upgrade businesses. They are driven by the factors which include growing new data streams, increase the need for storage, flexible IT consumption models, rising cyber security threats & compliance, among others. With the exponential data growth in the organization and deployment of advanced technology, there is a requirement of the data backup systems. Also, for every data record or object created in the organization, it needs a backup system for operational data loss prevention, archiving for long term retention to ensure regulatory compliance, disaster recovery, and remote applications for business continuity. Therefore, in the organization, there is a continuous requirement for the data backups and archives, as the data loss can lead to revenue loss, lawsuits, privacy violations, and other setbacks. The implementation of data protection as a service would support organizations for data backup and archives, and it offers a unified approach to data protection and fast recovery & agile restoration.

Convergence is one of the key aspects that has developed the DPaaS industry. It comprises the software-defined storage, networking services, hardware abstraction, central orchestration, as well as, geographically distributed architecture that deliver the IT infrastructure, and make it effective and agile. Further, for data backup and archive, data protection as a service can scale data integrity as well as retention of data for long periods, and this is important for the current organization for the protection of data. This is highly influencing the growth of data protection as a service market.

The overall data protection as a service market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to data protection as a service market. It also provides an overview and forecast for the Australia and New Zealand data protection as a service market based on all the segmentation provided. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the data protection as a service industry. Some of the players present in the data protection as a service market are Acronis International GmbH, Amazon Web Services, Inc., Commvault, Carbonite, Inc, EMC Corporation, Hewlett Packard Enterprise Development LP, IBM Corporation, McAfee, LLC, Quantum Corporation, and VMware, Inc. among others market players.