TMCnet News

Data Security As A Service (DSaaS) Market worth $55.3 billion by 2027 - Exclusive Report by MarketsandMarkets™
[January 27, 2023]

Data Security As A Service (DSaaS) Market worth $55.3 billion by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 27, 2023 /PRNewswire/ -- 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 CAGR of 12.3% from 2022 to 2027, according to a new report by MarketsandMarkets™. 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.

MarketsandMarkets Logo

Download PDF Brochure:

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.

Request Sample Pages:

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 econoies, 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).

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).

Browse Adjacent Market: Information Security Market Research Reports & Consulting 

Related Reports:

Identity Verification Market - Global Forecast to 2027

Over the Top Market - Global Forecast to 2027

Managed Security Services Market - Global Forecast to 2027

Digital Signature Market - Global Forecast to 2027

Cyber Security Market - Global Forecast to 2027

About MarketsandMarkets™ 

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.

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.

Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]  
Research Insight:  
Visit Our Website:   
Content Source: 


Cision View original content:

[ Back To's Homepage ]