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Disaster Recovery-as-a-Service Market By Operating Model, By Service Type, By Deployment Mode, By Organization Size, By End-use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 320 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725237
The global Disaster Recovery-as-a-Service (DRaaS) market was valued at $6,486.5 million in 2021, and is anticipated to reach $60,404.3 million by 2031, growing at a CAGR of 23.9% from 2022 to 2031.

Disaster Recovery-as-a-Service is a backup service model that uses cloud services to protect the data and applications from the disruption that may be caused due to disasters such as floods, hardware failure, data breaches, hurricanes, and many others. Disaster Recovery-as-a-Service (DRaaS) helps the organization in recovering the data loss caused by any event, man-made or natural. It is a cloud-based solution, wherein one can access any system from any location, provided with an internet connection. In case of any natural disasters, the DRaaS facilitates business continuity by offering efficient data recovery from any location. Since most businesses store their data on cloud servers, many are concerned about data breaches. As a result of an increase in cybercrime, businesses are strengthening the security of their networks.

The adoption of digitization is growing among businesses globally. A growing number of cloud-based enterprises are driving up demand for the disaster recovery-as-a-service market. DRaaS systems are widely employed in a variety of industries, including banking, financial services and insurance (BFSI), IT & communications, and healthcare, due to their flexibility and affordability. Increased consumer discretionary money in high-potential countries, along with global growth in digital, online, or mobile payments has resulted in a variety of ways that internet technologies such as cloud computing are being used. Additionally, growing cybercrime concerns around the world have increased the Disaster Recovery-as-a-Service market demand in recent years.

The COVID-19 pandemic brought significant changes to business operations leading to an increase in demand for data recovery in case of any disaster or unexpected circumstances. Organizations are implementing remote work strategies for employees due to travel restrictions. However, the pandemic has positively impacted the disaster recovery-as-a-service market. The lockdown situation is driving the adoption of cloud computing and cloud-based disaster recovery-as-a-service solutions.

The key players profiled in this report include IBM Corporation, Axcient, Sunguard, Amazon Web Services, Inc., Cable & Wireless Communications Limited., TierPoint, LLC., Microsoft, VMware Inc., NTT Communications Corporation, and Rackspace Technology.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the disaster recovery-as-a-service market analysis from 2021 to 2031 to identify the prevailing disaster recovery-as-a-service market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the disaster recovery-as-a-service market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global disaster recovery-as-a-service market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Operating Model

  • Managed DRaaS
  • Assisted DRaaS
  • Self-Service DRaaS

By Service Type

  • Real-time Replication
  • Backup Restore
  • Data Protection
  • Others

By Deployment Mode

  • Public Cloud
  • Private Cloud

By Organization Size

  • Large Enterprise
  • Small Medium-Sized Enterprises

By End-use Industry

  • Banking, Financial Services, and Insurance (BFSI)
  • IT Telecommunication
  • Government Public Sector
  • Healthcare
  • Retail Consumer Goods
  • Media Entertainment
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Microsoft Corporation
  • Amazon Web Services, Inc
  • IBM
  • VMware, Inc.
  • Sungard Availability Services
  • Recovery Point
  • InterVision
  • TierPoint, LLC
  • Infrascale
  • Acronis International GmbH

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Regulatory Guidelines
3.9. Market Share Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape

CHAPTER 4: DISASTER RECOVERY-AS-A-SERVICE MARKET, BY OPERATING MODEL
4.1 Overview
4.1.1 Market size and forecast
4.2 Managed DRaaS
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Assisted DRaaS
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Self-Service DRaaS
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: DISASTER RECOVERY-AS-A-SERVICE MARKET, BY SERVICE TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Real-time Replication
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Backup & Restore
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Data Protection
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country

CHAPTER 6: DISASTER RECOVERY-AS-A-SERVICE MARKET, BY DEPLOYMENT MODE
6.1 Overview
6.1.1 Market size and forecast
6.2 Public Cloud
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Private Cloud
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: DISASTER RECOVERY-AS-A-SERVICE MARKET, BY ORGANIZATION SIZE
7.1 Overview
7.1.1 Market size and forecast
7.2 Large Enterprise
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Small & Medium-Sized Enterprises
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country

CHAPTER 8: DISASTER RECOVERY-AS-A-SERVICE MARKET, BY END-USE INDUSTRY
8.1 Overview
8.1.1 Market size and forecast
8.2 Banking, Financial Services, and Insurance (BFSI)
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 IT & Telecommunication
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Government & Public Sector
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 Healthcare
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country
8.6 Retail & Consumer Goods
8.6.1 Key market trends, growth factors and opportunities
8.6.2 Market size and forecast, by region
8.6.3 Market analysis by country
8.7 Media & Entertainment
8.7.1 Key market trends, growth factors and opportunities
8.7.2 Market size and forecast, by region
8.7.3 Market analysis by country
8.8 Others
8.8.1 Key market trends, growth factors and opportunities
8.8.2 Market size and forecast, by region
8.8.3 Market analysis by country

CHAPTER 9: DISASTER RECOVERY-AS-A-SERVICE MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Operating Model
9.2.3 North America Market size and forecast, by Service Type
9.2.4 North America Market size and forecast, by Deployment Mode
9.2.5 North America Market size and forecast, by Organization Size
9.2.6 North America Market size and forecast, by End-use Industry
9.2.7 North America Market size and forecast, by country
9.2.7.1 U. S.
9.2.7.1.1 Market size and forecast, by Operating Model
9.2.7.1.2 Market size and forecast, by Service Type
9.2.7.1.3 Market size and forecast, by Deployment Mode
9.2.7.1.4 Market size and forecast, by Organization Size
9.2.7.1.5 Market size and forecast, by End-use Industry
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Operating Model
9.2.7.2.2 Market size and forecast, by Service Type
9.2.7.2.3 Market size and forecast, by Deployment Mode
9.2.7.2.4 Market size and forecast, by Organization Size
9.2.7.2.5 Market size and forecast, by End-use Industry
9.2.7.3 Mexico
9.2.7.3.1 Market size and forecast, by Operating Model
9.2.7.3.2 Market size and forecast, by Service Type
9.2.7.3.3 Market size and forecast, by Deployment Mode
9.2.7.3.4 Market size and forecast, by Organization Size
9.2.7.3.5 Market size and forecast, by End-use Industry
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Operating Model
9.3.3 Europe Market size and forecast, by Service Type
9.3.4 Europe Market size and forecast, by Deployment Mode
9.3.5 Europe Market size and forecast, by Organization Size
9.3.6 Europe Market size and forecast, by End-use Industry
9.3.7 Europe Market size and forecast, by country
9.3.7.1 Germany
9.3.7.1.1 Market size and forecast, by Operating Model
9.3.7.1.2 Market size and forecast, by Service Type
9.3.7.1.3 Market size and forecast, by Deployment Mode
9.3.7.1.4 Market size and forecast, by Organization Size
9.3.7.1.5 Market size and forecast, by End-use Industry
9.3.7.2 UK
9.3.7.2.1 Market size and forecast, by Operating Model
9.3.7.2.2 Market size and forecast, by Service Type
9.3.7.2.3 Market size and forecast, by Deployment Mode
9.3.7.2.4 Market size and forecast, by Organization Size
9.3.7.2.5 Market size and forecast, by End-use Industry
9.3.7.3 France
9.3.7.3.1 Market size and forecast, by Operating Model
9.3.7.3.2 Market size and forecast, by Service Type
9.3.7.3.3 Market size and forecast, by Deployment Mode
9.3.7.3.4 Market size and forecast, by Organization Size
9.3.7.3.5 Market size and forecast, by End-use Industry
9.3.7.4 Spain
9.3.7.4.1 Market size and forecast, by Operating Model
9.3.7.4.2 Market size and forecast, by Service Type
9.3.7.4.3 Market size and forecast, by Deployment Mode
9.3.7.4.4 Market size and forecast, by Organization Size
9.3.7.4.5 Market size and forecast, by End-use Industry
9.3.7.5 Italy
9.3.7.5.1 Market size and forecast, by Operating Model
9.3.7.5.2 Market size and forecast, by Service Type
9.3.7.5.3 Market size and forecast, by Deployment Mode
9.3.7.5.4 Market size and forecast, by Organization Size
9.3.7.5.5 Market size and forecast, by End-use Industry
9.3.7.6 Rest of Europe
9.3.7.6.1 Market size and forecast, by Operating Model
9.3.7.6.2 Market size and forecast, by Service Type
9.3.7.6.3 Market size and forecast, by Deployment Mode
9.3.7.6.4 Market size and forecast, by Organization Size
9.3.7.6.5 Market size and forecast, by End-use Industry
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Operating Model
9.4.3 Asia-Pacific Market size and forecast, by Service Type
9.4.4 Asia-Pacific Market size and forecast, by Deployment Mode
9.4.5 Asia-Pacific Market size and forecast, by Organization Size
9.4.6 Asia-Pacific Market size and forecast, by End-use Industry
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Operating Model
9.4.7.1.2 Market size and forecast, by Service Type
9.4.7.1.3 Market size and forecast, by Deployment Mode
9.4.7.1.4 Market size and forecast, by Organization Size
9.4.7.1.5 Market size and forecast, by End-use Industry
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Operating Model
9.4.7.2.2 Market size and forecast, by Service Type
9.4.7.2.3 Market size and forecast, by Deployment Mode
9.4.7.2.4 Market size and forecast, by Organization Size
9.4.7.2.5 Market size and forecast, by End-use Industry
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Operating Model
9.4.7.3.2 Market size and forecast, by Service Type
9.4.7.3.3 Market size and forecast, by Deployment Mode
9.4.7.3.4 Market size and forecast, by Organization Size
9.4.7.3.5 Market size and forecast, by End-use Industry
9.4.7.4 South Korea
9.4.7.4.1 Market size and forecast, by Operating Model
9.4.7.4.2 Market size and forecast, by Service Type
9.4.7.4.3 Market size and forecast, by Deployment Mode
9.4.7.4.4 Market size and forecast, by Organization Size
9.4.7.4.5 Market size and forecast, by End-use Industry
9.4.7.5 Australia
9.4.7.5.1 Market size and forecast, by Operating Model
9.4.7.5.2 Market size and forecast, by Service Type
9.4.7.5.3 Market size and forecast, by Deployment Mode
9.4.7.5.4 Market size and forecast, by Organization Size
9.4.7.5.5 Market size and forecast, by End-use Industry
9.4.7.6 Rest of Asia-Pacific
9.4.7.6.1 Market size and forecast, by Operating Model
9.4.7.6.2 Market size and forecast, by Service Type
9.4.7.6.3 Market size and forecast, by Deployment Mode
9.4.7.6.4 Market size and forecast, by Organization Size
9.4.7.6.5 Market size and forecast, by End-use Industry
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Operating Model
9.5.3 LAMEA Market size and forecast, by Service Type
9.5.4 LAMEA Market size and forecast, by Deployment Mode
9.5.5 LAMEA Market size and forecast, by Organization Size
9.5.6 LAMEA Market size and forecast, by End-use Industry
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Brazil
9.5.7.1.1 Market size and forecast, by Operating Model
9.5.7.1.2 Market size and forecast, by Service Type
9.5.7.1.3 Market size and forecast, by Deployment Mode
9.5.7.1.4 Market size and forecast, by Organization Size
9.5.7.1.5 Market size and forecast, by End-use Industry
9.5.7.2 Saudi Arabia
9.5.7.2.1 Market size and forecast, by Operating Model
9.5.7.2.2 Market size and forecast, by Service Type
9.5.7.2.3 Market size and forecast, by Deployment Mode
9.5.7.2.4 Market size and forecast, by Organization Size
9.5.7.2.5 Market size and forecast, by End-use Industry
9.5.7.3 United Arab Emirates
9.5.7.3.1 Market size and forecast, by Operating Model
9.5.7.3.2 Market size and forecast, by Service Type
9.5.7.3.3 Market size and forecast, by Deployment Mode
9.5.7.3.4 Market size and forecast, by Organization Size
9.5.7.3.5 Market size and forecast, by End-use Industry
9.5.7.4 South Africa
9.5.7.4.1 Market size and forecast, by Operating Model
9.5.7.4.2 Market size and forecast, by Service Type
9.5.7.4.3 Market size and forecast, by Deployment Mode
9.5.7.4.4 Market size and forecast, by Organization Size
9.5.7.4.5 Market size and forecast, by End-use Industry
9.5.7.5 Rest of LAMEA
9.5.7.5.1 Market size and forecast, by Operating Model
9.5.7.5.2 Market size and forecast, by Service Type
9.5.7.5.3 Market size and forecast, by Deployment Mode
9.5.7.5.4 Market size and forecast, by Organization Size
9.5.7.5.5 Market size and forecast, by End-use Industry

CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments

CHAPTER 11: COMPANY PROFILES
11.1 Microsoft Corporation
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Amazon Web Services, Inc
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 IBM
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 VMware, Inc.
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Sungard Availability Services
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 Recovery Point
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 InterVision
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 TierPoint, LLC
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Infrascale
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 Acronis International GmbH
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Disaster Recovery-as-a-Service Market,' the disaster recovery-as-a-service market was valued at $6.5 billion in 2021, and is estimated to reach $60.4 billion by 2031, growing at a CAGR of 23.9% from 2022 to 2031.

The disaster recovery-as-a-service industry is growing at a rapid pace as it is an important aspect that facilitates business continuity. Disaster Recovery-as-a-Service helps the organization in case of natural or man-made disasters including hurricanes, earthquakes, wildfires, power outages, and cyberattacks. Disaster Recovery-as-a-Service is a cloud computing service model that enables a company to back up its data and IT infrastructure on a third-party cloud computing system. The disaster recovery (DR) data is obtained via a software-as-a-service (SaaS) model that offers access to IT infrastructure in case of disaster. According to the Disaster Recovery-as-a-Service model, the company can rely on the service provider due to which they do not need to manage their resources on their own. Disaster Recovery-as-a-Service market demand is growing rapidly owing to its ability to mitigate downtime, provide quick recovery to business operations in case of disaster, and prevent any ransomware attacks.

However, some limitations currently faced by the disaster recovery-as-a-service industry include bandwidth challenges associated with continuous data replication. Also, vendors need to meet the defined recovery time objective (RTO) and recovery point objective (RPO) in case of disaster recovery. It is necessary for the vendors to rely on disaster recovery service providers in case of any failovers. Additionally, since sensitive and important data is managed, replaced, and retrieved during the DRaaS process, understanding cyber risks and security, risk assessment, and other aspects are essential. These factors are anticipated to restrain the disaster recovery-as-a-service market growth in the coming years.

The growing importance of the disaster recovery-as-a-service market due to its ability to ensure continuity in business operations is estimated to boost the market’s expansion during the disaster recovery-as-a-service market forecast period. For instance, both small and medium & large-sized enterprises need server virtualization and cloud computing solutions to reduce scheduled outages because they may move applications into temporary storage locations for recovery testing, firmware upgrades, and system maintenance. Additionally, a number of cloud computing services, including backup-as-a-service, storage-as-a-service, software-as-a-service, replication services, and others, are growing in popularity to minimize device failures. Disaster Recovery-as-a-Service simplifies core business operations such as IT management, facilitates faster recovery after a disaster, and ensures that the data centers are secure. These factors are anticipated to propel the disaster recovery-as-a-Service market share in the coming years.

The global disaster recovery-as-a-service market analysis is segmented based on operating model, service type, deployment mode, organization size, end-use industry, and region. By operating model, the market is classified into managed DRaaS, assisted DRaaS, and self-service DRaaS. By service type, the market is segmented into real-time replication, backup & restore, data protection, and others. By deployment mode, the market is divided into public cloud and private cloud. By organization size, the market is divided into large enterprise and small & medium-sized enterprises. By end-use industry, the market is analyzed across banking, financial services, and insurance (BFSI), IT & telecommunication, government & public sector, healthcare, retail & consumer goods, media & entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the disaster recovery-as-a-service market report include IBM Corporation, Axcient, Sunguard, Amazon Web Services, Inc., Cable & Wireless Communications Limited., TierPoint, LLC., Microsoft Corporation, VMware Inc., NTT Communications Corporation, and Rackspace Technology.

The report offers a comprehensive analysis of the global disaster recovery-as-a-service market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of Covid-19 on the Global Disaster Recovery-as-a-Service Industry

COVID-19 has positively impacted the disaster recovery-as-a-service market demand. As disaster recovery-as-a-service (DRaaS) is widely used in natural disasters, cyberattacks, or even business disruptions related to the COVID-19 pandemic, there has been a significant increase in demand for disaster recovery-as-a-service (DRaaS) globally.

The lockdown situation is driving the adoption of cloud computing and cloud-based recovery-as-a-service solutions due to the work-from-home or hybrid working model imposed by several organizations.

Various organizations have implemented remote work strategies for employees due to travel restrictions which have boosted the demand for cloud-based DRaaS solutions globally.

The factors such as greater flexibility and cost-effectiveness offered by the DRaaS have boosted the disaster recovery-as-a-service market size during the COVID-19 pandemic.

Key Findings of the Study

Based on operating model, the managed DRaaS sub-segment emerged as the global leader in 2021 and it is also anticipated to be the fastest-growing sub-segment during the forecast period.

Based on service type, the real-time replication sub-segment emerged as the global leader in 2021, and the backup & restore sub-segment is predicted to show the fastest growth in the upcoming years.

Based on deployment mode, the public cloud sub-segment emerged as the global leader in 2021, and the private cloud sub-segment is predicted to show the fastest growth in the upcoming years.

Based on organization size, the large enterprise sub-segment emerged as the global leader in 2021, and small & medium-sized enterprises sub-segment is predicted to show the fastest growth in the upcoming years.

Based on end-use industry, the banking, financial services, and insurance (BFSI) sub-segment emerged as the global leader in 2021 and is also predicted to show the fastest growth in the upcoming years.

Companies Mentioned

  • Microsoft Corporation
  • Amazon Web Services, Inc.
  • IBM
  • Vmware, Inc.
  • Sungard Availability Services
  • Recovery Point
  • Intervision
  • Tierpoint, LLC
  • Infrascale
  • Acronis International GmbH

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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