Business Recovery Services Market Report 2025

The business recovery services market size has grown strongly in recent years. It will grow from $7.3 billion in 2024 to $8.02 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. Growth during the historic period was driven by rising incidents of data breaches and ransomware, increasing awareness of business continuity planning, greater adoption of remote and hybrid work models, heightened need to minimize downtime in critical sectors, and growing investment in cybersecurity and recovery platforms.

The business recovery services market size is expected to see strong growth in the next few years. It will grow to $11.55 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. Growth in the forecast period is expected to be driven by the increasing frequency of cyberattacks, rising adoption of cloud-based recovery services, growing risks from natural disasters, greater demand for testing and validation services, and expansion of digital transformation initiatives. Key trends anticipated during this period include advancements in AI-driven forecasting tools, integration of forensic analytics, development of technology-enabled debt resolution platforms, emergence of digital restructuring models, and improvements in automated compliance systems.

The growth of the remote workforce is expected to drive the business recovery services market. Remote workforces, employees operating from locations outside a company’s physical premises, have expanded due to advancements in digital communication technologies, which facilitate seamless collaboration and productivity from any location. Business recovery services support remote work by ensuring continuous access to critical systems, data, and communication tools during disruptions, enabling employees to maintain productivity without interruption. For instance, between September 2022 and January 2023, 16% of UK working adults worked exclusively from home, while 28% adopted a hybrid model, according to the Office for National Statistics.

Technologically advanced solutions are enhancing efficiency in debt recovery and legal process automation. Legal workflow automation leverages technology to manage and execute legal tasks through predefined workflows, reducing manual intervention and improving accuracy, consistency, and timeliness. In December 2023, Credgenics, an India-based debt recovery company, launched a platform for asset reconstruction companies that uses AI and machine learning to optimize communication strategies and recovery outcomes. Features include automated settlements, legal workflow management, and a mobile app for field collections, with early adopters such as Reliance ARC reporting significant efficiency gains.

Companies in the business recovery services market are also expanding through strategic acquisitions to strengthen business continuity offerings. For example, in November 2023, New State Capital Partners LLC acquired Agility Recovery Services Inc. to enhance its platform for managing business disruptions. Agility Recovery Services, a US-based software provider, brings critical infrastructure and expertise in business recovery, enabling New State Capital Partners to deliver more comprehensive continuity solutions to clients.

Major players in the business recovery services market are Deloitte Touche Tohmatsu Limited, PwC LLP, McKinsey & Company, BDO Global Ltd., RSM International Ltd., Grant Thornton LLP, Baker Tilly International Ltd., Forvis Mazars Group SC, FTI Consulting Inc., Oliver Wyman LLC, Protiviti Inc., Alvarez & Marsal Holdings LLC, PJT Partners Inc., Kingston Smith LLP, Menzies LLP, SKS Business Services Ltd., Agility Recovery Solutions Inc., Hall Chadwick Melbourne Pty. Ltd., PKF Group Ltd., Fortus Limited, Epiq.

North America was the largest region in the business recovery services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in business recovery services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the business recovery services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the professional services sector, particularly in legal, consulting, architectural, and engineering domains. Higher costs for imported technology, software licenses, office equipment, and digital infrastructure have raised operational expenses for firms reliant on global tools and platforms. International consulting projects are facing delays or cost overruns due to increased travel expenses and restricted access to foreign-sourced data and tools. Additionally, clients in manufacturing, construction, and logistics, heavily affected by tariffs are cutting back on outsourced services, squeezing demand for professional expertise. As a result, service providers are reevaluating pricing structures, expanding domestic supplier relationships, and investing in AI-driven solutions to sustain profitability and client engagement amid economic uncertainty.

Business recovery services refer to professional support offered to organizations facing financial or operational challenges. These services assist businesses in restructuring, managing debt, and restoring stability to ensure ongoing operations and long-term sustainability.

The main types of business recovery services include administrative takeover, compulsory liquidation, creditor voluntary liquidation, voluntary management, and others. Administrative takeover involves transferring management control of an organization to an external authority, typically in response to insolvency, regulatory breaches, or governance failures. These services cater to organizations of all sizes, including small, medium, and large enterprises. They are delivered through on-premises, cloud-based, and hybrid solutions and are widely utilized across sectors such as healthcare, financial services, manufacturing, retail, government, and information technology and telecommunications.

The business recovery services market research report is one of a series of new reports that provides business recovery services market statistics, including business recovery services industry global market size, regional shares, competitors with a business recovery services market share, detailed business recovery services market segments, market trends and opportunities, and any further data you may need to thrive in the business recovery services industry. This business recovery services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The business recovery services market includes revenues earned by entities by providing services such as corporate restructuring, turnaround management, business continuity planning, crisis recovery solutions, insolvency advisory, and operational recovery programs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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