The Data Protection as a Service market is projected to grow at a significant CAGR of 17.2% from 2023 to 2030, from a valuation of $27.2 billion in 2023. The growth is driven by increasing data volumes, rising security concerns, and the need for data backup and recovery. Storage as a service is expected to dominate the market due to its necessity across various enterprises and industries.
Rampant ransomware attacks have hit the healthcare industry, with incidents increasing by more than 600%, costing an average of $10 million per breach. This has