Disaster Recovery as a service (DRaaS) Market
Information Technology

Global Disaster Recovery as a service (DRaaS) Market Outlook, Opportunities And Strategies

Learn about the global DRaaS market through The Business Research Company, which provides information on DRaaS market size, DRaaS market drivers and restraints, DRaaS market players, the COVID-19 impact on the DRaaS market, and more.

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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%.

The rise in need for backing up public and private data are expected to drive innovation in disaster recovery as a service (DRaaS), thus driving the market during the forecast period.

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The disaster recovery as a service (DRaaS) market consists of sales of cloud based disaster recovery as a services 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.

Global disaster recovery as a service (DRaaS) market segments include:

By Service Type: Backup & Recovery, Real-Time Replication, Data Protection

By Application: Banking, Financial Services And Insurance (BFSI), Government, IT And Telecom, Media And Entertainment, Manufacturing And Logistics, Education

By Deployment Model: Premises-to-Cloud, Cloud-to-Cloud

By Size Of Enterprise: Large Enterprises, Small & Medium Enterprises

By 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.

Due to rise in the number of cyber threats, companies started using AI and Machine Learning in DRaaS solutions to detect threats and unusual behaviour in advance. 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.

TBRC’s disaster recovery as a service (DRaaS) market report covers:

Major Market Players: Amazon Web Services, IBM Corporation, Cisco Systems Inc., Microsoft Corporation and Citrix Systems.

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)

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 players, disaster recovery as a service (DRaaS) market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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