The Data Security as a Service (DSaaS) market is projected to grow from USD 31.0 billion in 2022 to USD 55.3 billion by 2027, achieving a CAGR of 12.3% during the forecast period. Key factors driving this growth include the evolution of data and associated security challenges, adherence to strict regulatory guidelines, and the increasing adoption of cloud technology and IoT devices by enterprises.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25434618
Key Segment Insights:
Data Governance & Compliance as a Service:
High Growth Rate: This segment is expected to grow at the highest CAGR during the forecast period. Data governance solutions help organizations manage and secure unstructured data, which comprises more than 80% of enterprise data and is expected to double exponentially. These solutions provide an automated, scalable, and interoperable platform to govern unstructured data, addressing the challenges of identifying data location, ownership, and access rights.
Small and Medium Enterprises (SMEs):
Highest CAGR Expected: The SMEs segment is anticipated to witness the highest growth rate during the forecast period. The widespread use of mobile technology, BYOD trends, and cloud services has increased security concerns for SMEs. This has driven the adoption of data security solutions, despite budget constraints, to protect against cyberattacks, data loss, and personal data theft.
Asia Pacific Region:
Significant Growth Rate: The Asia Pacific region, including countries like China, Australia, Japan, and Singapore, is projected to grow significantly during the forecast period. The region has seen a rapid surge in sensitive data exchange, making it vulnerable to cyberattacks. The increase in complex cyber threats and the costs associated with them has led to a growing demand for robust data security solutions. The awareness of cybersecurity in the region has also increased following major ransomware attacks like WannaCry.
Market Players:
Major vendors in the global data security as a service (DSaaS) market include:
- AWS (US)
- Thales (France)
- IBM (US)
- Cognizant (US)
- Micro Focus (UK)
- Microsoft (US)
- Varonis Systems (US)
- Imperva (US)
- Commvault (US)
- HPE (US)
- Acronis (Switzerland)
- Veritas Technologies (US)
- Asigra (Canada)
- NetApp (US)
- GuidePoint Security (US)
- Informatica (US)
- Carbonite (US)
- TrustArc (US)
- Cloudian (US)
- NetWrix (US)
- Alation (US)
- Infrascale (US)
- Securiti (US)
- DataGuard (Germany)
- Cobalt Iron (US)
- Storagepipe (Canada)
- Polar Security (Israel)
- Clarip (US)
- SEQRITE (India)
These companies play a critical role in advancing DSaaS solutions, ensuring robust data security measures to combat evolving cyber threats globally.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected]Visit Our Website: https://www.marketsandmarkets.com/