Issues persist sadly. Looked up what .dll's were not functioning and I found a few .dll's were 32bit only and I'm running a 64 bit system with windows 7. Mind you a good bit I downloaded and installed manually and found no 64bit versions. They are as follows:
API-MS-WIN-SHCORE-SCALING-L1-1-1.DLL - CPU x86 - 32bit
STEAM_API.DLL - CPU x86 - 32bit - Downloaded Steam_api64.dll to compensate while keeping the original as backup
API-MS-WIN-CORE-WINRT-ERROR-L1-1-0.DLL - CPU x86 - 32bit

DayZ itself
DAYZ.EXE - CPU x86 - 32bit

Okay new information on the launch proceedings. Ran the program through dependency walker, this was what came about:

Error: At least one module has an unresolved import due to a missing export function in an implicitly dependent module.
Error: Modules with different CPU types were found.
Warning: At least one module has an unresolved import due to a missing export function in a delay-load dependent module.

I had a boat load of missing .dll's which I went through and downloaded manually. Tish was the outcome. Restarting to see if the issue resolves.

I have reinstalled the local files twice now and sadly to no avail, issue persists. Thank you for your advice though.