How big is the Europe Data Protection-as-a-Service Market?

The Europe Data Protection-as-a-Service Market size is expected to reach USD 5.98 billion in 2024 and grow at a CAGR of 14.60% to reach USD 11.83 billion by 2029. Read More

What is the current Europe Data Protection-as-a-Service Market size?

In 2024, the Europe Data Protection-as-a-Service Market size is expected to reach USD 5.98 billion. Read More

Who are the key players in Europe Data Protection-as-a-Service Market?

IBM Corporation, Hewlett Packard Enterprise Company, Oracle Corporation, VMware Inc. and Cisco Inc. are the major companies operating in the Europe Data Protection-as-a-Service Market. Read More

What years does this Europe Data Protection-as-a-Service Market cover, and what was the market size in 2023?

In 2023, the Europe Data Protection-as-a-Service Market size was estimated at USD 5.11 billion. The report covers the Europe Data Protection-as-a-Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Data Protection-as-a-Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Data Protection-as-a-Service Market Share

Statistics for the 2023 & 2024 Europe Data Protection-as-a-Service market share, created by Mordor Intelligence™ Industry Reports. Europe Data Protection-as-a-Service share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Europe Data Protection-as-a-Service Industry

The European data protection-as-a-service market is moderately competitive and has several significant players. These players account for a substantial market share and are focusing on expanding their customer base across the European region. These vendors focus on research and development investment to introduce new solutions, strategic alliances, and other organic and inorganic growth strategies to capture a significant share during the forecast period.

In October 2023, Amazon announced the availability of standalone cloud services for Europe, aiming to minimize concerns regarding EU data sovereignty. The European Sovereign Cloud from Amazon Web Services (AWS), particularly for public sector clients and business enterprises in highly regulated sectors, will be made available by the company. The cloud will be installed on European servers, with Germany serving as the launchpad, and its operation will be governed solely by AWS personnel operating in the EU.

In June 2023, Thales, a global player in technology and security, announced a new partnership with Google Cloud to create new generative AI-powered data security capabilities to help businesses identify, categorize, and safeguard their most critical data. The association is a component of Thales' generative AI strategy, which aims to provide customers of the company's CipherTrust data security platform with new AI-powered capabilities and experiences.

In March 2023, Axis Security, a company that offers cloud protection, will soon be acquired by Hewlett-Packard Enterprise HPE. Additionally, it expanded its edge-to-cloud security capabilities by providing a unified Secure Access Services Edge (SASE) solution. It will now be able to satisfy the increasing demand for integrated networking and security solutions that are provided as a service.