The global disaster recovery as a service market size reached US$ 6.7 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 29.1 Billion by 2028, exhibiting a growth rate (CAGR) of 27.61% during 2023-2028.
DRaaS refers to a third-party cloud computing and backup service model that replicates and recovers virtual servers and data centers in case of a natural or man-made emergency. The backup is usually made on a public, cloud, virtual private cloud (VPC) or hybrid environment to secure sensitive information of the organization. It offers complete support and control over the network during failures and ensures business continuity by minimizing downtime and disruptions. Owing to these benefits, it finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, manufacturing, information technology (IT) and telecommunication industries.
The emerging trend of digitization, along with the increasing adoption of cloud-based services across industries, is one of the key factors driving the growth of the market. There is widespread utilization of DRaaS solutions that eliminates the need for a secondary recovery site and offers faster data recovery with minimal complexities. Furthermore, increasing awareness regarding cloud-based backup, along with recovery benefits among both small- and medium-sized organizations, is also providing a boost to the market growth. These organizations frequently use DRaaS to test and execute an effective disaster recovery plan. Additionally, several technological advancements, such as the introduction of intelligent data replication, virtual machine inventory and automated testing, are also favoring the market growth. These advancements enable users to be aware of application changes and run automated tests in protected virtual environments. Other factors, including the rising instances of cyber-attacks and extensive research and development (R&D) activities, are projected to drive the market further.
2. What is the expected growth rate of the global disaster recovery as a service market during 2023-2028?
3. What are the key factors driving the global disaster recovery as a service market?
4. What has been the impact of COVID-19 on the global disaster recovery as a service market?
5. What is the breakup of the global disaster recovery as a service market based on the service type?
6. What is the breakup of the global disaster recovery as a service market based on the service provider?
7. What is the breakup of the global disaster recovery as a service market based on deployment model?
8. What is the breakup of the global disaster recovery as a service market based on the end user?
9. What is the breakup of the global disaster recovery as a service market based on the vertical?
10. What are the key regions in the global disaster recovery as a service market?
11. Who are the key players/companies in the global disaster recovery as a service market?
DRaaS refers to a third-party cloud computing and backup service model that replicates and recovers virtual servers and data centers in case of a natural or man-made emergency. The backup is usually made on a public, cloud, virtual private cloud (VPC) or hybrid environment to secure sensitive information of the organization. It offers complete support and control over the network during failures and ensures business continuity by minimizing downtime and disruptions. Owing to these benefits, it finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, manufacturing, information technology (IT) and telecommunication industries.
The emerging trend of digitization, along with the increasing adoption of cloud-based services across industries, is one of the key factors driving the growth of the market. There is widespread utilization of DRaaS solutions that eliminates the need for a secondary recovery site and offers faster data recovery with minimal complexities. Furthermore, increasing awareness regarding cloud-based backup, along with recovery benefits among both small- and medium-sized organizations, is also providing a boost to the market growth. These organizations frequently use DRaaS to test and execute an effective disaster recovery plan. Additionally, several technological advancements, such as the introduction of intelligent data replication, virtual machine inventory and automated testing, are also favoring the market growth. These advancements enable users to be aware of application changes and run automated tests in protected virtual environments. Other factors, including the rising instances of cyber-attacks and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global disaster recovery as a service market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type, service provider, deployment model, end-user and vertical.Breakup by Service Type:
- Backup and Recovery Services
- Real-time Replication Services
- Data Protection Services
- Professional Services
- Training, Education, and Consulting Services
- Support and Maintenance Services
Breakup by Service Provider:
- Cloud Service Providers
- Managed Service Providers
- Telecom and Communication Service Providers
- Others
Breakup by Deployment Model:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Breakup by End-User:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
Breakup by Vertical:
- BFSI
- IT
- Government
- Healthcare
- Manufacturing
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being Amazon Web Services, Bluelock LLC, C and W Business Ltd, Geminare Incorporated, IBM Corporation, iLand Internet Solutions Corporation, Infrascale Inc., Microsoft Corporation, Recovery Point Systems Inc., Sungard Availability Services LP, TierPoint LLC, etc.Key Questions Answered in This Report
1. What was the size of the global disaster recovery as a service market in 2022?2. What is the expected growth rate of the global disaster recovery as a service market during 2023-2028?
3. What are the key factors driving the global disaster recovery as a service market?
4. What has been the impact of COVID-19 on the global disaster recovery as a service market?
5. What is the breakup of the global disaster recovery as a service market based on the service type?
6. What is the breakup of the global disaster recovery as a service market based on the service provider?
7. What is the breakup of the global disaster recovery as a service market based on deployment model?
8. What is the breakup of the global disaster recovery as a service market based on the end user?
9. What is the breakup of the global disaster recovery as a service market based on the vertical?
10. What are the key regions in the global disaster recovery as a service market?
11. Who are the key players/companies in the global disaster recovery as a service market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Disaster Recovery as a Service Market
6 Market Breakup by Service Type
7 Market Breakup by Service Provider
8 Market Breakup by Deployment Model
9 Market Breakup by End-User
10 Market Breakup by Vertical
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Amazon Web Services
- Bluelock LLC
- C
- W Business Ltd
- Geminare Incorporated
- IBM Corporation
- iLand Internet Solutions Corporation
- Infrascale Inc.
- Microsoft Corporation
- Recovery Point Systems Inc.
- Sungard Availability Services LP and TierPoint LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 6.7 Billion |
| Forecasted Market Value ( USD | $ 29.1 Billion |
| Compound Annual Growth Rate | 27.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
