Data Security As A Service (DSaaS) Market worth $55.3 billion by 2027 - Exclusive Report by MarketsandMarkets - Seite 2

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).

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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