The global Data Security As A Service (DSaaS) Market is expected to grow from an estimated USD 31.0 billion in 2022 to USD 55.3 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 12.3% from 2022 to 2027.
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Factors driving market growth include data evolution and associated security problems, adherence to strict regulatory guidelines, and increased usage of cloud technology and IoT devices in enterprises.
By type, Data Governance & Compliance as a Service segment to grow at the highest CAGR during the forecast period
Data governance empowers organizations to extend access governance to unstructured data and structured data in the enterprise workstations and cloud environment. More than 80% of the enterprise data is unstructured and expected to be doubling exponentially. Managing and securing this unstructured data poses significant challenges, which legacy methods fail to address. Data governance provides an automated, scalable, and interoperable platform to govern this unstructured data. Furthermore, governing access to such enormous volumes of data is a critical challenge for enterprises. It is complex to identify where the data resides, who in the business has ownership of the data, and who is entitled to access the data. With the help of a data governance solution, these issues can be resolved easily.
By organization size, the SMEs segment to grow at the highest CAGR during the forecast period
The prevailing usage of mobile technology and the adoption of BYOD trends and cloud-based services has enhanced the profits of SMEs. This has helped SMEs in improving their overall business structure. The growing usage of mobile devices has influenced data transfer over business networks to personal devices, such as mobile phones and laptops. This helps increase the fraudulent data, cyberattacks, data losses, and threat of personal data thefts. The rising security issues have made way for SMEs to focus their concerns on data security as a service solution. Although SMEs must consider their limited budgets, comprehending corporate information is essential, making them use data discovery and classification, data protection, and data governance solutions. In the coming years, data security as a service solution is expected to witness high adoption among SMEs.
By region, Asia Pacific is to grow at a significant CAGR during the forecast period
The Asia Pacific region comprises emerging economies, such as China, Australia, Japan, and Singapore. It has witnessed a rapid surge in the exchange of sensitive data, making it one of the most vulnerable regions for cyber-attacks. With a rise in digitization, the region is highly concerned about complex cyber-attacks. In the Asia Pacific, the number of large enterprises is higher than SMEs. The region has several established SMEs growing exponentially to cater to their broad customer base. For SMEs, security is much of a cost rather than a necessity as they have a limited budget for cybersecurity. Therefore, they are more vulnerable to cyberattacks. Due to the increase in complex attacks and the rise in costs associated with each attack, enterprises are projected to witness a growth in the need for robust security solutions, which would be fulfilled by data security as a service (DSaaS) infrastructure. The awareness of security was less in the region. Still, after ransomware attacks such as WannaCry, the need for deploying cybersecurity solutions has increased, which, in turn, has been a significant factor in the implementation of data security as a service (DSaaS).
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Key Players
Major vendors in the global data security as a service (DSaaS) market include Cisco (US), 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) and SEQRITE (India).
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The Data Warehouse As A Service market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the data warehouse as a service market includes Amazon Web Services, Inc., Cloudera, Inc., Google LLC, Hortonworks, Inc., IBM Corporation, Micro Focus International plc,, Microsoft Corporation, Oracle Corporation, Pivotal Software, Inc., SAP SE, Snowflake Computing Inc., Teradata Corporation and Yellow Brick, INC. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Data Warehouse As A Service Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/data-warehouse-as-a-service-market/download-sampleMarket DynamicsThe rapidly increasing data volume across various digitalized industries is driving market growth.
On the other hand, very slow adoption of cloud from extract, transform and load tools may restrict the market growth.
Whereas, undergoing rapid digitalization and industrialization in emerging economies is expected to create potential opportunity over the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
