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Data Protection as a Service Market worth $74.91 billion by 2030- Exclusive Report by MarketsandMarkets™

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2 years ago

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DELRAY BEACH, Fla., Dec. 6, 2024 /PRNewswire/ — The global Data Protection as a Service Market will grow to USD 74.91 billion by 2030 from USD 26.04 billion in 2024, at a CAGR of 19.2 % from 2024 to 2030, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “Data Protection as a Service Market”

200 – Tables
50 – Figures
300 – Pages

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Scope Of the Report

Report Metrics

Details

Market size available for years

2018-2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

Value (USD Billion) 

Segments Covered

By Service Type, Deployment Mode, Organization Size, Vertical, and Region.

Geographies covered

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

Companies covered

Major vendors in the DPaaS market include AWS(US), Microsoft (US), IBM (US) , Oracle (US), DELL Technologies (US), Quantum Corporation (US),  Huawei (China), HPE (US), Veritas (US), Hitachi Vantara (US), Veeam (US), Cohesity (US), 11:11 Systems (US), Acronis (Switzerland) , Druva (US), Cloud4C (Singapore), Cyfuture (India), Tierpoint (US), Quest Technology Management (US), NxtGen Data center & Cloud Technologies (US), Zerto (US), Secure Agility (Aaustralia) , Infrascale (US), Asigra (Canada), Cloudian (US), HYCU (US).

Data protection as a service is gaining popularity due to its cost-effectiveness and efficiency in data security. Data protection services offer storage and backup services to secure sensitive information, ensure compliance, and mitigate risks associated with data loss or breaches. In addition, Data protection as a service also helps organizations ensure business continuity and performance and meet regulatory needs. Some vendors are utilizing capabilities of advanced technologies in data protection services. Key drivers for the Data protection as a Service include the growing number of cyber attacks and large volume of data generated due to digitization.

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Based on the Organization Size, the Large Enterprises segment accounts for the highest market size during the forecast period.

Large enterprises have substantial financial and human resources and can afford to invest heavily in data protection as a service. They deal with massive amounts of data, this data often includes sensitive information subject to strict regulatory requirements, making its protection a top priority. As a result, the adoption of DPaaS is growing among large enterprises. Data protection as a service also helps large enterprises reduce the cost of security measures and disaster recovery plans. Large organizations handle critical operations, and disruption in these operations can lead to huge losses. In such scenarios, disaster recovery as a service helps to store their important data in third-party servers and keep the operations running in case of unexpected disasters. By leveraging DPaaS, enterprises can focus on their core operations while ensuring robust data protection and minimizing operational disruptions.

By Vertical, Healthcare vertical is expected to grow at the highest CAGR during the forecast period.

Healthcare sector has witnessed a rapid digitization in recent years. Healthcare sector deals with critical data related to Electronic Patient Medical Records, Insurance And Billing Information, Health Records (EHR), Hospital Administration Data and Public Health Data. Protecting this data is first priority due to its sensitive nature. The HIPAA Journal reports that 2023’s most significant data breach occurred at HCA Healthcare, affecting approximately 11.3 million individuals. Over the course of the year, a staggering 124 million healthcare records were compromised, highlighting the widespread impact of cyberattacks on the industry. Due to such incidents, regulations like HIPPA and GDPR poses strict compliance requirements in the industry.

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By deployment mode, the public cloud will grow at the highest market size during the forecast period.

The public cloud deployment holds the major market share in the Data Protection as a Service as it offers benefits such as data security, customization, and low cost. It allows enterprises to have complete control over all the sensitive data, particularly in cases of businesses that are compelled by stringent privacy regulations and data-privacy policies to retain their data within a cloud environment. Public cloud deployment also enables organizations to customize the software functionalities according to their requirements and workflows. Many organizations also benefit from easier integration with legacy systems and established IT infrastructure. These factors, combined with affordable price options, make public cloud deployment the preferred choice for many.

By region, Asia-Pacific accounts for the highest CAGR during the forecast period.

Asia Pacific region is expected have highest market size in Data protection as a Service because of rapid industrialization, technological development, and rising demand in various growing sectors. Economic growth and urbanization in China and India have caused an increased adoption of DPaaS in industries such as BFSI, healthcare, IT and retail & eCommerce. Technological advancements in AI, ML, and encryption technologies improve DPaaS. Government policies such as smart cities accelerating market growth boost technological development and infrastructure readiness. There is also a growing awareness in the corporate sector about cyber security awareness. China is expected to dominate this market, whereas India is expected to grow at a high rate due to the development of automobile industries and infrastructure development.

Top Key Companies in Data Protection as a Service Market:

The report profiles key players such as AWS (US), Microsoft (US), IBM (US), Oracle (US), Dell Technologies (US), Quantum Corporation (US), Huawei (China), HPE (US), Veritas (US), Veeam (Switzerland), Hitachi Vantara (US), Cohesity (US), 11:11 Systems (US), Acronis (Switzerland), Druva (US), Cloud4C (India), Cyfuture (India), TierPoint (US), Quest Technology Management (US), NextGen Datacenter & Cloud Management (US), Zerto (US), Secure Agility (Australia), Infrascale (US), Asigra (Canada), Cloudian (US), HYCU (US).

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

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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.

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MiniTool ShadowMaker 5.0 Introduces Cloud Sync for Google Drive and OneDrive

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53 minutes ago

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October 23, 2026

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VANCOUVER, BC, Oct. 22, 2026 /PRNewswire/ — MiniTool® Software Limited has announced the release of MiniTool ShadowMaker 5.0, the latest version of its Windows backup and file sync software. The update introduces a new Cloud Sync feature for Google Drive and OneDrive, along with enhancements to the registration and purchase experience, interface refinements, and compatibility fixes.

New Features and Improvements in MiniTool ShadowMaker 5.0

1. Cloud Sync to Google Drive and OneDrive

MiniTool ShadowMaker 5.0 introduces Cloud Sync, allowing users to synchronize files and folders from a Windows computer to Google Drive or OneDrive. Users can choose the files and folders they want to sync and select their preferred cloud storage service as the destination.

The new feature supports one-way synchronization from a local Windows PC to cloud storage, providing an additional way to save copies of important files outside of your computer. Together with MiniTool ShadowMaker’s existing local file sync function, Cloud Sync expands the available destinations for file sync.

2. Streamlined License & Plan Management

The latest update introduces an enhanced register interface that remains easily accessible even after activation. Registered users can now effortlessly review their current plan, explore upgrade options, or update their license key anytime for a smoother user experience.

These refinements are intended to improve usability when users manage their software registration and licensing.

3. Interface Refinements and Compatibility Fixes

MiniTool ShadowMaker 5.0 includes interface improvements and fixes for certain display issues. One notable fix addresses a blurry display issue that could occur on some systems equipped with AMD GPUs.

These changes focus on resolving specific issues and improving the user experience on affected systems.

4. Additional Improvements

Beyond Cloud Sync and the changes outlined above, MiniTool ShadowMaker 5.0 includes additional interface and functionality refinements. Together, these updates further improve the software’s usability while expanding its file synchronization options.

With support for Google Drive and OneDrive, MiniTool ShadowMaker 5.0 provides Windows users with another approach to manage file copies across local and cloud storage. Users who want to synchronize files to cloud storage can download the Free Edition and explore the new capabilities.

About MiniTool ShadowMaker

MiniTool ShadowMaker is a Windows backup and file sync solution designed to help users protect their operating systems and important data. It supports backing up Windows systems, disks, partitions, files, and folders to local drives, external hard drives, shared folders, and other supported locations. Users can select specific items to back up according to their needs.

For users who need to migrate data to another drive, MiniTool ShadowMaker offers a disk cloning feature. The software also supports restoring backed-up data and creating bootable media for system recovery.

By combining backup, file synchronization, disk cloning, and restore capabilities, MiniTool ShadowMaker offers Windows users a set of tools for data protection and system recovery.

About MiniTool® Software Limited

MiniTool Software Limited is a professional software company that develops computer applications. It provides software for partition management, data recovery, data backup and sync, video editing, multimedia conversion, and screen recording for home and business users. The company is committed to developing innovative, reliable, and easy-to-use software that simplifies everyday digital tasks.

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SOURCE MiniTool® Software Limited

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Rocket Companies to Announce Third Quarter 2026 Results on October 29, 2026

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2 hours ago

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October 22, 2026

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DETROIT, Oct. 22, 2026 /PRNewswire/ — Rocket Companies, Inc. (NYSE: RKT) (“Rocket Companies” or “the Company”), the Detroit-based homeownership platform, today announced that the Company will issue its third quarter 2026 earnings on October 29, 2026. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date. A press release detailing the Company’s results will be issued prior to the call.

A live webcast of the event will be available on the “Events & Presentations” section of the Company’s Investor Relations website at ir.rocketcompanies.com. A replay of the webcast will be available on the Investor Relations website following the event.

About Rocket Companies

Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based homeownership platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Rocket Close, Rocket Money and Rocket Loans.

With insights from more than 160 million calls with clients each year, more than 30 petabytes of data and a mission to Help Everyone Home, Rocket Companies is well positioned to be the destination for AI-fueled homeownership.

For more information, please visit the Company’s Corporate website or Investor Relations website.

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SOURCE Rocket Companies, Inc.

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Lunai Bioworks Announces Receipt of Nasdaq Determination and Intention to Voluntarily Delist and Deregister

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2 hours ago

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October 22, 2026

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SACRAMENTO, Calif., Oct. 22, 2026 /PRNewswire/ — Lunai Bioworks Inc. (Nasdaq: LNAI) (the “Company”) announced that on October 21, 2026, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company no longer complies with Nasdaq Listing Rule 5550(b)(1), which requires minimum stockholders’ equity of $2,500,000. The Company reported a stockholders’ deficit of $(9,024,946) in its Annual Report on Form 10-K for the fiscal year ended June 30, 2026, and does not meet the alternative market value of listed securities or net income standards. Because the Company is subject to a mandatory Hearings Panel Monitor under Nasdaq Listing Rule 5815(d)(4)(B), Nasdaq staff determined to delist the Company’s securities. Trading in the Company’s common stock on Nasdaq is expected to be suspended at the opening of business on October 30, 2026.

The Company will not request a hearing. Rather than contest the staff determination, the Company’s Board of Directors approved on October 22, 2026 the voluntary withdrawal of the Company’s common stock from listing on Nasdaq under Rule 12d2-2(c) under the Securities Exchange Act of 1934, as amended. The Board took this action because of the staff determination and the Company’s financial condition, and concluded that the cost of continued listing and SEC reporting is not justified.

The Company notified Nasdaq of its intention on October 22, 2026. The Company intends to file a Form 25 with the Securities and Exchange Commission (the “SEC”) on or about November 2, 2026, and expects the delisting to become effective on or about November 12, 2026. The Company then intends to file a Form 15 to suspend its SEC reporting obligations, to the extent it is eligible to do so. The Company’s SEC reporting obligations will continue unless and until they are terminated or suspended in accordance with the SEC’s rules.

The Company does not intend to arrange for quotation of its common stock on any over-the-counter market and cannot assure that any trading market for its common stock will exist after trading on Nasdaq is suspended.

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the expected suspension of trading, the expected timing of the Form 25 and Form 15 filings, and the expected timing of delisting and deregistration. Actual results may differ materially due to risks and uncertainties, including Nasdaq and SEC procedures and the Company’s financial condition. The Company undertakes no obligation to update these statements, except as required by law.

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SOURCE Lunai Bioworks Inc.

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