According to the latest market research study released by Technavio, the global DPaaS market is expected to grow at a CAGR of almost 33% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global DPaaS market based on application:
Global DPaaS market share by application 2015
|
STaaS |
40.13% |
|
BaaS |
33.17% |
|
DRaaS |
26.70% |
Source: Technavio
The top three revenue contributing application segments are discussed below:
Global STaaS market
In 2015, the STaaS segment accounted for around 40% of the global DPaaS market. In the STaaS model, organizations lease out their storage infrastructure to a STaaS provider. It facilitates the firms to pay as per their subscription or the amount of storage that they utilize. Owing to the reduced data storage costs, SMEs prefer this model more than the large enterprises. STaaS also improves organizational efficiency and guarantees the availability of data during a disaster as it can be easily assessed over the internet from both the wired and wireless devices.
“Several enterprises globally are shifting their focus to STaas due to the growing data volumes and increasing on-premises storage costs. Enterprises are using the Content Services Gateway, which is a network appliance, to migrate data from an on-premises infrastructure to the cloud. Such solutions help firms to pay for cloud-based storage in a subscription-based model,” says Ishmeet Kaur, a lead analyst at Technavio for research on enterprise application.
The STaaS market generates revenue from various services including sale of stand-alone and platform-attached cloud-based storage services, and cloud data backup and archiving services. The global STaaS market offers three types of solutions such as stand-alone and platform-attached storage, cloud backup, and cloud archiving.
Global BaaS market
In 2015, the BaaS segment accounted for around 33% of the global DPaaS market. In IT corporate strategies, cloud backup services have gained massive popularity and remain a top priority among organizations over the last two years. The global BaaS market is witnessing a growing demand for backup solutions that use cloud services, propelling the service providers to shift from legacy infrastructure to a technologically-upgraded infrastructure. Cloud technologies effectively handle all the challenges exhibited by legacy infrastructure components such as servers, data centers, and storage, which has pushed service providers to offer strong cloud-based backup services.
Owing to the provision of more functionalities for mobiles than traditional API management and platform as-a-service vendors, the organizations are implementing BaaS solutions. BaaS model stands out in the market due to various benefits it provides which include social collaboration, search functionality from the stored data, task completion in less time, cost-effective, and enables organizations to outsource services on the requirement basis. Such features increase productivity and improves business value leading to a successful organization, resulting in the increased adoption of BaaS solutions. BaaS offerings differ based on customer service-level agreements (SLAs), computing environments, compliance requirements, and management styles. Also, these solutions can be deployed in three scenarios such as backup as a public cloud, backup as a private cloud, and backup as a hybrid cloud.
Global DRaaS market
In 2015, the DRaaS segment accounted for around 27% of the global DPaaS market. DRaaS provides data backup, recovery, retrieval, and archiving of mission-or business-critical data in the cloud. It protects companies from data loss due to disasters such as floods, hurricanes, tornados, and system failures. For any business operation, data is an integral part, which needs to be secured by the deployment of efficient recovery services. There are two types of DRaaS deployment: Hot site and cold site. Hot site deployment refers to the formation of the entire setup or duplication of the primary infrastructure, while cold site deployment refers to an IT infrastructure in a remote location backs up business-critical data on a weekly or monthly basis. During the forecast period, the demand for disaster recovery services will grow at a steady rate due to the rising need to improve data security, protect data from disasters, and ensure continuous and seamless business operations. Owing to the growing need to collect and store relevant data, several companies are using disaster recovery technologies like DRaaS, which not only helps to recover data but also ensures business continuity.
The top leading vendors operating in the global DPaaS market are:
- Amazon.com
- HP
- IBM
- Veritas Technologies
- Commvault
- EMC
Other prominent vendors in the market include Acronis, Asigra, Backblaze, CA Technology, Carbonite, Cisco, Datalink, Fujitsu, Google, Hexistor, iDrive, Barracuda Networks, Iron Mountain, ITC Infotech, KeepItSafe, Microsoft, Nasuni, NetApp, Proact, Quantum, Rackspace, Seagate, Skyvia, SugarSync, Symantec, Symform, and Zetta.net.
A more detailed analysis is available in the Technavio report titled, ‘Global DPaaS Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Anything-as-a-Service Market 2016-2020
- Global Data-as-a-Service Market 2016-2020
- Global IT Security-as-a-Service Market 2016-2020
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