Global Data Protection as a Service Market Trends, Challenges and Growth Drivers Analysis to 2020

RnRMarketResearch.com includes Global Data Protection as a Service Market 2016-2020with 69 Pages. DPaaS is a cloud-based service for backup, recovery, or storage of data assets that include data of customers and organizations. It helps organizations to improve the data security for data in transit as well as data at rest.

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This analyst forecast the global data protection as a service (DPaaS) market to grow at a CAGR of 32.61% during the period 2016-2020. DPaaS is a cloud-based service for backup, recovery, or storage of data assets that include data of customers and organizations. It helps organizations to improve the data security for data in transit as well as data at rest.

This report covers the present scenario and the growth prospects of the global data protection as a service (DPaaS) market for 2016-2020. To calculate the market size, the report considers the the revenue generated from the fee charged for licenses, consulting, and annual maintenance of the software.

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One of the key drivers for market growth will be increased adoption of virtual product development environment. Organizations worldwide are increasingly adopting virtual product development environment. Virtual product models are created to perform optimization and testing procedures in a virtual environment, leading to cost and time savings. MCAD software is used to create virtual models. It is used throughout the product development lifecycle and at various stages of the design process, such as failure verification, design verification, and concept verification. This leads to the development of quality products in the market.

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The report, Global Data Protection as a Service (DPaaS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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