Data Protection as a Service (DPaaS) Market Size

Data Protection as a Service (DPaaS) Market size was valued at USD 27.92 billion in 2023 and is expected to reach USD 742.06 billion by 2036, registering around 28.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of data protection as a service is assessed at USD 34.33 billion.

Businesses today face a critical challenge, which is to encrypt, store and process the data that is infinitely pouring in from every electronic device with an internet connection. The need for DPaaS solutions and products has grown over the years to deliver effective network security, recovery and storage solutions with optimum resource utilization, disaster management plans and thus improve the overall performance of the organizations.