The Global Disaster Recovery as a service (DRaaS) Market Report by The Business Research Company covers disaster recovery as a service (DRaaS) market drivers and restraints, disaster recovery as a service (DRaaS) market size, major players, and the impact of COVID-19 on the disaster recovery as a service (DRaaS) market.
The disaster recovery as a service (DRaaS) market consists of sales of cloud-based disaster recovery as a service for protecting applications and data from the disruption caused due to disaster. DRaaS helps in business continuity in any event of system failure. Some features of these solutions are hybrid cloud availability monitoring, cross-cloud infrastructure management, and cross-platform health monitoring.
The rise in need for backing up public and private data drives the growth of the disaster recovery as a service market. The global disaster recovery as a service (DRaaS) market is expected to grow from $5.19 billion in 2020 to $6.35 billion in 2021 at a compound annual growth rate (CAGR) of 22.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The DRaaS market is expected to reach $21.2 billion in 2025 at a CAGR of 35.2%.
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Some DRaaS market trends include companies starting to use AI and Machine Learning in DRaaS solutions to detect threats and unusual behavior in advance, due to rise in the number of cyber threats. There are predictive learning algorithms that are being developed to differentiate between real and false disaster recovery situations. These learning algorithms can automatically perform proactive recoveries, eliminating outages before they are detected. For example, Unitrends, an US-based company offers a variety of business continuity and backup services. The company has developed the use of artificial intelligence (AI) in its services which runs during every backup in order to identify backups that are affected by ransomware. Once data threats are identified, the company with the help of AI and new technologies immediately informs about the same making data more secure.
Global disaster recovery as a service (DRaaS) market segments include:
1) By Service Type: Backup & Recovery, Real-Time Replication, Data Protection.
2) By Application: Banking, Financial Services And Insurance (BFSI), Government, IT And Telecom, Media And Entertainment, Manufacturing And Logistics, Education.
3) By Deployment Model: Premises-To-Cloud, Cloud-To-Cloud.
4) By Size Of Enterprise: Large Enterprises, Small & Medium Enterprises.
5) Cloud Type: Public, Private, Hybrid.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Disaster Recovery as a service (DRaaS) Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides disaster recovery as a service (DRaaS) market overviews, analyzes and forecasts market size, share, disaster recovery as a service (DRaaS) market player, disaster recovery as a service (DRaaS) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The disaster recovery as a service (DRaaS) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Disaster Recovery as a service (DRaaS) Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Amazon Web Services, IBM Corporation, Cisco SystemsInc., Microsoft Corporation, Citrix Systems, iland Internet Solutions, Cable & Wireless Communications Limited, SunGard Availability Services, InfrascaleInc., Bluelock, LLC, Dell.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Disaster Recovery As A Service (DRaaS) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Disaster Recovery As A Service (DRaaS) Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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