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Data Protection as a Service (DPaaS) Market size is set to grow by USD 87.57 billion from 2024-2028, Increase in adoption of DPaaS among various industries to boost the market growth, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global data protection as a service (DPaaS) market size is estimated to grow by USD 87.57 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  46.02%  during the forecast period. Increase in adoption of dpaas among various industries is driving market growth, with a trend towards exponential growth in the volume of data. However, high cost of dpaas  poses a challenge. Key market players include Acronis International GmbH, Amazon.com Inc., Asigra Inc., Backblaze Inc., Barracuda Networks Inc., Broadcom Inc., Cohesity Inc., Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Hornetsecurity Ltd., International Business Machines Corp., Kaseya Ltd., Microsoft Corp., Oracle Corp., Rubrik Inc., SolarWinds Corp., Veeam Software Group GmbH, Veritas Technologies LLC, and VMware Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (STaaS, BaaS, and DRaaS), Business Segment (Large and Small and medium), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Acronis International GmbH, Amazon.com Inc., Asigra Inc., Backblaze Inc., Barracuda Networks Inc., Broadcom Inc., Cohesity Inc., Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Hornetsecurity Ltd., International Business Machines Corp., Kaseya Ltd., Microsoft Corp., Oracle Corp., Rubrik Inc., SolarWinds Corp., Veeam Software Group GmbH, Veritas Technologies LLC, and VMware Inc.

Key Market Trends Fueling Growth

Businesses face growing challenges in protecting and managing data due to the massive volume generated by digital economy and mobile applications. Legacy data centers are ill-equipped to handle this, putting valuable assets at risk. Enterprises need a scalable, comprehensive DPaaS solution for secure backup, protecting against natural disasters, power outages, errors, and malfeasance. Acronis offers a flexible, end-user controlled solution, including disaster recovery and access services, addressing these concerns and fueling DPaaS market growth. 

Data Protection as a Service (DPaaS) is a trending business solution that helps organizations secure their data effectively. Cloud-based services like data deposit, recovery, and security are key components of DPaaS. These services ensure that data is kept confidential, accessible only to authorized personnel.

Firms like Cloudestery, Cyberark, and IBM provide these services. They offer features like encryption, tokenization, and masking to protect data. Additionally, they provide disaster recovery and backup solutions to prevent data loss. Depositing, managing, and securing data through DPaaS allows businesses to focus on their core competencies while ensuring data security and compliance with regulations like HIPAA and GDPR. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

DPaaS market growth may be hindered due to its high cost for businesses. Infrastructure and personnel investments, ongoing maintenance, and complex setup contribute to these expenses. Subscription pricing models and pay-per-use can add to the overall cost, making it challenging for small companies and data-intensive businesses.In today’s digital world, Data Protection as a Service (DPaaS) has become a crucial business requirement. However, implementing DPaaS comes with its own set of challenges. These challenges include managing and securing a large volume of data, ensuring compliance with data protection regulations, and integrating DPaaS with existing systems.Additionally, maintaining the security of data in transit and at rest, as well as dealing with the complexity of cloud environments, can be daunting tasks. Furthermore, ensuring data privacy and implementing access controls are also significant challenges. Overall, implementing DPaaS requires a robust and secure solution that addresses these challenges effectively.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

Application 1.1 STaaS1.2 BaaS1.3 DRaaSBusiness Segment2.1 Large2.2 Small and mediumGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 STaaS-  In the Data Protection as a Service (DPaaS) market, organizations can lease their data protection infrastructure from providers in a Storage as a Service (STaaS) model. This model allows businesses to store and secure their growing amounts of unstructured data at lower costs. Cloud-based data centers offer on-site and off-site storage solutions, with three main models: public, private, and hybrid. Public cloud storage is accessible over the internet, while private cloud storage is dedicated to a single organization, providing greater security for critical data. Hybrid cloud storage combines both models, ensuring efficient handling of business needs while maintaining security and coordination between various verticals. These factors are expected to fuel the growth of the STaaS segment in the DPaaS market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

In the rapidly evolving IT infrastructure industry, businesses of all sizes and industry verticals are increasingly adopting Cloud services for their hosted needs. The Data Protection as a Service (DPaaS) market is a significant segment of this trend, offering scalable management solutions for data security. DPaaS enables organizations to safeguard their critical information from data breaches and cyberattacks through cloud storage and advanced recovery options.

Next-generation technologies, such as machine learning and artificial intelligence, enhance DPaaS capabilities, providing enterprises with robust and efficient data protection. Paid databases and deployment modes offer flexibility and customization to meet specific business requirements. The DPaaS cloud model ensures seamless integration with existing IT infrastructure, making it an indispensable component of modern business operations.

Market Research Overview

The Data Protection as a Service (DPaaS) market refers to the provision of cloud-based data security solutions that help businesses manage and protect their sensitive information. These services offer various functionalities such as data masking, tokenization, encryption, and access control. DPaaS solutions enable organizations to comply with data protection regulations like GDPR and HIPAA, reducing the need for extensive in-house IT infrastructure.

Additionally, they offer scalability, flexibility, and cost savings compared to traditional on-premises solutions. The market for DPaaS is expected to grow significantly due to the increasing volume and complexity of data, as well as the rising awareness of data security and privacy concerns.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationSTaaSBaaSDRaaSBusiness SegmentLargeSmall And MediumGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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JumpCloud Acquires VaultOne, Igniting a New Era of Privileged Access Management

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LOUISVILLE, Colo., May 20, 2025 /PRNewswire/ — JumpCloud Inc. is making IT simpler with the acquisition of VaultOne. VaultOne delivers robust privileged access management (PAM) solutions providing secure access into a wide range of critical assets, ranging from SaaS applications to cloud infrastructure and databases. JumpCloud’s acquisition furthers its goal to simplify IT operations across a secure access control platform for today’s global workforce.

Organizations need enhanced control and security of privileged resources. VaultOne enables security and IT teams as well as managed security service providers (MSSPs) to protect and monitor critical assets effectively by controlling and monitoring their access.

“We are continuously evaluating our customers’ needs to extend JumpCloud into more areas where we can provide secure, frictionless access to resources, regardless of where the team or resources are located,” said Greg Keller, chief technology officer and co-founder, JumpCloud. “The acquisition of VaultOne brings a deeply experienced team and established PAM technology into the JumpCloud family. This allows us to immediately offer a dedicated PAM solution with the granular control necessary to navigate today’s complex security landscape, while providing more critical access control capabilities our customers can consolidate and depend upon from JumpCloud’s platform.”

Key benefits:

Privileged access for all your critical assets: Customers gain robust access controls for cloud providers, databases, servers, and applications to ensure every action is recorded and audited with customizable policies to prevent misuse and errors.Secure browsing, built-in: This modern PAM solution comes with a secure, browser-in-browser access experience, to tightly control and monitor any action privileged users take.Remove the need for VPN: VaultOne’s unique architecture allows access into crucial resources without the need for a traditional VPN, reducing costs while increasing security for users.Radically reduce cyber threats: Automatically eliminate lateral movement threats and reduce your attack surface with granular controls combined with continuous monitoring to further reduce internal and external threats targeting critical resources.Scalable security for growing organizations: This acquisition enables JumpCloud to offer an end to end scale of authentication security. From password management to passwordless, and now privileged access, to cover every type of access organizations need as they scale.

“Joining forces with JumpCloud represents a powerful alignment of our visions,” said Leonardo Cooper, CEO, VaultOne. “We are thrilled to integrate VaultOne’s PAM technology into JumpCloud’s comprehensive platform, working together to create a truly unified and secure IT experience for organizations of all sizes.”

Current VaultOne customers will keep their service without interruption.

The details of the transaction are not being disclosed.

About JumpCloud
JumpCloud® delivers a unified identity, device, and access management platform that makes it easy to securely manage identities, devices, and access across your organization. With JumpCloud, IT teams and MSPs enable users to work securely from anywhere and manage their Windows, Apple, Linux, and Android devices from a single platform.

Learn more: https://www.jumpcloud.com/
Follow us: Blog | Community | Podcast | X | LinkedIn | YouTube | Resources

Click here to get started with JumpCloud

Contact
For JumpCloud
Josie Judy
press@jumpcloud.com

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SOURCE JumpCloud, Inc.

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Rapidan Energy Group Wins 2025 AMA Crystal Award for Most Improved Website

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WASHINGTON, May 19, 2025 /PRNewswire/ — Rapidan Energy Group is proud to announce it has been named the winner of the Most Improved Website category at the 2025 American Marketing Association (AMA) Crystal Awards.

The award honors Rapidan’s complete in-house website redesign, which was completed in just five months and under budget. The project was spearheaded by Nell Lukosavich, Rapidan’s Head of Marketing, and successfully aligns with Rapidan’s evolution over the past 16 years into a leading global energy research and advisory firm.

“Our goal was to create a site that actually reflects what Rapidan is today—a unique repository of energy market, policy and geopolitical expertise along with broadening and deepening analytical capabilities that is deeply committed to helping clients managing energy risks and opportunities across the globe,” said Nell Lukosavich. “To see it recognized by the AMA is incredibly gratifying, and it’s a testament to what strategic in-house collaboration and determination can achieve.”

The new site, launched in May 2024, achieved—and exceeded—every major objective, including increased new users to the site, a significant bump in international site traffic, and new client sales brought in from the site’s lead generation strategy.

“In today’s digital-first world, your website is your front door,” said Bob McNally, Rapidan Energy Group’s Founder and President. “We realized we had outgrown our old online presence, and thanks to Nell’s leadership, we now have a site that matches the strength and ambition of our talented and growing team and will facilitate future growth.”

The redesign included over 30 new pages of research insights content, integration of Rapidan’s 15th anniversary brand campaign, live content updates, and more effective communication with clients and prospects.

This recognition by the AMA Crystal Awards marks a significant milestone in Rapidan Energy Group’s ongoing growth and commitment to delivering forward-looking energy market, policy, and geopolitics data and research to clients worldwide.

About Rapidan Energy Group

Rapidan Energy Group provides differentiated and actionable insights on energy markets, policy, and geopolitics. We help leading corporations and financial firms identify opportunities and manage risks in the global energy industry and markets.

For more information, please visit www.rapidanenergy.com.

For more information on Rapidan’s subscription and bespoke research services, please contact us at insight@rapidanenergy.com.

Media Contact:
Nell.Lukosavich@rapidanenergy.com
www.rapidanenergy.com

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SOURCE Rapidan Energy Group

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BI2 Technologies and Support Our Sheriffs Foundation partner with SingleCare to create Sheriff Rx

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Free program will provide access to affordable medications to Sheriffs’ employees across the nation

PLYMOUTH, Mass., May 19, 2025 /PRNewswire/ — Many people, including those with full-time jobs, often struggle to cover deductibles and copays for prescription drugs, even with insurance.  That is why Support Our Sheriffs Foundation™ and BI2 Technologies™ are proud to announce they have partnered with SingleCare® to create Sheriff Rx™.  

Sheriff Rx™ will provide access to affordable prescription medications, ensuring greater health and financial stability.

The Sheriff Rx™ prescription discount card is completely free. The discounts and savings on medications are provided voluntarily by more than 35,000 participating pharmacies that agree to provide prices similar to what they give large insurance companies.

The card has no eligibility requirements and is available to anyone. There are no forms to fill out, waiting period or registration.

If employees and their families already have prescription drug coverage, Sheriff Rx™ can be used to obtain savings on prescription drugs that may be excluded by your insurance plan or are not covered because you have exceeded your insurance plan’s maximum limits. In some instances, members might find that the Sheriff Rx™ price is lower than many insurance copayment amounts.

SingleCare® partners with some of the most respected community groups and health care providers in the country, including United Way Worldwide, National Council for Behavioral Health, Mental Health America, and American Heart Association, among thousands of other community organizations.

“When people can afford their prescriptions, they end up saving money on more expensive items like emergency room visits and hospitalizations,” said BI2 Technologies Chief Relationship Office John Leonard.  “We are excited to work with the Support Our Sheriffs Foundation™ and SingleCare® to provide Sheriff Rx™ at no cost to Sheriffs’ employees and their families.”

SingleCare® is accepted by major pharmacies, including CVS, Rite Aid, Walgreens, Albertsons, Kroger and Walmart, as well as many local retailers.

“As we work to support our Sheriffs’ Offices across the nation, it is crucial that every employee and their families have access to affordable medications and are empowered to take control of their health,” said Support Our Sheriffs Executive Director Mark Lamb. “Sheriff Rx™ is designed to do just that.”

To see how much you can save, please visit www.supportoursheriffs.org or email John Leonard at jleonard@bi2technologies.com.

About the Support Our Sheriffs Foundation™
The Support Our Sheriffs Foundation is made up of current and former law enforcement professionals, businesses and community activists who are dedicated to supporting the mission of Sheriffs Offices across the nation. Donations to the Foundation are used to provide essential resources, financial support, training, and programs that enhance the effectiveness, safety, and well-being of Sheriffs, their employees, their families, and the communities they serve. For more information about the Foundation or to donate, please visit www.supportoursheriffs.com.

About BI2 Technologies™
BI2 Technologies (Biometric Intelligence and Identification Technologies) is an award-winning and recognized leader in the development and implementation of cost-effective, multimodal biometric identity management solutions.  BI2 Technologies created and maintains the only national, cloud-based iris biometric network and database. No other organization, public or private, has developed or implemented this capability.

About SingleCare®
SingleCare® is a free prescription savings service that provides consistently low prices to improve access and adherence to medication. It handles tens of thousands of prescriptions per day and is helping millions of people across the U.S. save a significant amount of money on their prescriptions. Through a combination of innovative technology and direct contracts with pharmacies, SingleCare® allows consumers to access prescription savings at pharmacies near them via the mobile app or discount cards available on SingleCare.com. SingleCare® partners with the country’s leading pharmacy companies, including CVS, Walmart and Walgreens, covering over 35,000 pharmacies nationwide.

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SOURCE BI2 Technologies

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