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

The global disaster recovery as a service (DRaaS) market is expected to grow from $8.08 billion in 2022 to $11.07 billion in 2023 at a compound annual growth rate (CAGR) of 37.1%. The global disaster recovery as a service (DRaaS) market size is expected to grow to $34.99 billion in 2027 at a CAGR of 33.3%.

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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
• 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. Among these regions, Asia Pacific is the largest region in the global disaster recovery as a service (DRaaS) market in 2021.

Major Market Players in the disaster recovery as a service (DRaaS) market include Amazon Web Services; IBM Corporation; Cisco SystemsInc.; Microsoft Corporation; Citrix Systems; iland Internet Solutions.

Due to rise in the number of cyber threats, companies started using AI and Machine Learning in DRaaS solutions to detect threats and unusual behavior 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. For example, Unitrends, a 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.

The Disaster Recovery As A Service (DRaaS) Global Market Report 2023 provides a disaster recovery as a service (DRaaS) market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The disaster recovery as a service (DRaaS) market forecast analyzes disaster recovery as a service (DRaaS) market size, disaster recovery as a service (DRaaS) market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Disaster Recovery as a Service (DRaaS) is a service model based on cloud computing that enables an organizations to back up their data and IT infrastructure to a third-party cloud environment and provide all DR orchestration through a SaaS solution to regain access and functionality of IT infrastructure after a disaster.

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