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Disaster Recovery As A Service (DRaaS) Market By Service Model (Managed, Self-service,A ssisted) By Deployment (Public Cloud, Private Cloud, Hybrid Cloud) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

About this report

The Global Disaster Recovery As A Service (DRaaS) Market report explores the critical analysis of the Disaster Recovery As A Service (DRaaS) industry using key parameters. The report consists of investment strategies, the need for investments in the Disaster Recovery As A Service (DRaaS) industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Disaster Recovery As A Service (DRaaS) industry, as well as how economic and non-economic barriers are helping the Disaster Recovery As A Service (DRaaS) market. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Disaster Recovery As A Service (DRaaS) Market?

In 2021, managed will be the leading segment. Since managed DraaS providers are entirely in charge of the implementation and administration of data protection and recovery, the deployment of managed DraaS has been expanding quickly across major companies.

In 2021, the private cloud segment will dominate the market because more businesses are implementing DRaaS solutions, which offer cloud data storage without purchasing new hardware and software.

In 2021, BFSI will be the leading segment. The BFSI sector is well-positioned to embrace DRaaS solutions widely because financial institutions like commercial banks and credit unions stake their reputation on their ability to provide dependable and uninterrupted customer service.

Which region dominated the Disaster Recovery As A Service (DRaaS) Market?

In 2021, North America was one of the major contributors to global Disaster Recovery As A Service (DRaaS). The U.S. is the region's primary market for DRaaS (disaster recovery as a service). Throughout the projection period, the disaster recovery-as-a-service (DRaaS) market will expand in North America due to the rising usage of cutting-edge technologies, including artificial intelligence (A.I.), machine learning (ML), virtualization, and cloud computing.

What is the competitive environment of the Disaster Recovery As A Service (DRaaS) Market?

Important players use strategies, including alliances, collaborations, and acquisitions, to broaden their product line and company. Additionally, these tactics are assisting them in growing their customer base. Additionally, the introduction of new products aids businesses in expanding their market. In addition to this, leading players are maintaining their competitiveness in the market by enhancing their products with the aid of cutting-edge technology. In April 2020, Unitrends introduced the "Unitrends Helix" platform, a self-healing software as a service (SaaS) platform powered by artificial intelligence (A.I.), to monitor and automatically fix the typical issues that I.T. managers encounter when managing backups. I.T. professionals can use the time they save thanks to this ground-breaking SaaS platform to complete other useful activities. Leading companies use various methods to maintain their competitiveness in the global DRaaS market.

Executive Summary

How has the global disaster recovery-as-a-service (DRaaS) market share grown due to the use of A.I. for disaster recovery?

In the event of a natural or man-made calamity, virtual servers and data centers can be replicated and recovered using DRaaS, a third-party cloud computing and backup service paradigm. The backup is typically created in public, virtual private cloud (VPC), or hybrid environment to protect the organization's sensitive data. The rise of the global disaster recovery-as-a-service (DRaaS) market share is supported by the use of A.I. for disaster recovery. The development of artificial intelligence and its subset, machine learning, which is meant to reduce human labor, mentally and physically, will fuel economic growth in all nations, especially industrialized economies, in the future. Even though A.I. is still in the testing stage, its impact on labor productivity will grow throughout the prediction. With AI and machine learning, DRaaS providers concentrate on automatically carrying out activities that demand human intelligence. For instance, the company UNITRENDS, which offers backup services, offers solutions like Unitrends Backup software and Recovery Series backup appliances that use A.I. and machine learning to detect ransomware beforehand and provide features like post-mortem identification and recovery as well as enable deflection.

Which are the key investments by the players in the Disaster Recovery As A Service (DRaaS) Industry Market?

ML and A.I. are developing rapidly, creating value for consumers and assisting businesses in boosting sales. Disaster recovery as a service can benefit greatly from A.I.'s use in recovering lost data and enhancing security. Data is the primary asset in all business types, and businesses strive to protect it because they can't afford to lose it. As a result, they invest in various disaster recovery options.

Some of the major players in the market are Microsoft, IBM Corporation, VMware, Inc., VMware Web Services, Inc., Acronis International GmbH, Iland, Sungard Availability Services LP, Axcient, Unitrends, Infrascale, Inc., Cloudian, Nutanix, Carbonite, Inc., phoenixNAP and Recovery Point Systems, Inc.

What are the Major Driving Factors for the Disaster Recovery As A Service (DRaaS) Market?

One of the main factors propelling the market's expansion is the new digitalization trend, accompanied by the rising adoption of cloud-based services across sectors. DRAaS solutions are very common. They do not require a backup recovery site and provide faster data recovery with few complications. The expansion of the industry is also being aided by small and medium-sized businesses becoming more aware of the advantages of cloud-based backup and recovery. These companies commonly employ DRAaS to test and carry out a successful disaster recovery strategy. The introduction of intelligent data replication, virtual machine inventory, and automated testing, among other technological developments, are also helping the business expand. These developments allow users to execute automated tests in safe virtual environments and receive notifications about program upgrades. Two further factors that drive market expansion are the frequency of cyberattacks and extensive research and development (R&D) initiatives.

What are the Major Risks for the Disaster Recovery As A Service (DRaaS) Market?

Among the main obstacles limiting the market's expansion for disaster recovery as a service are security and privacy concerns. One of the main causes of the lower adoption of DRaaS solutions is the lack of knowledge about cloud environments among enterprises. Additionally, the scarcity of qualified workers could be a barrier to the market's demand.

Which is the Key Material in the Disaster Recovery As A Service (DRaaS) Market?

In 2021, the BFSI category dominated the market. Since financial organizations like commercial banks and credit unions stake their image on their capacity to deliver dependable and unbroken client service, the BFSI sector is well-positioned to adopt DRaaS solutions largely. Any system outage could harm these companies' reputations and possibly result in clientele being lost. Data, apps, and systems may all be instantly recovered by using DRaaS solutions. It is anticipated that important industries, like banking, will use cloud-based service deployment more frequently. This results from the I.T. industry's ongoing search for optimized infrastructure and solution builders' capacity to gather application and infrastructure parts from many suppliers to develop a hybrid cloud-based solution, which supports the market growth.

How is the Disaster Recovery As A Service (DRaaS) Market performing in regions?

In 2021, the global Disaster Recovery As A Service (DRaaS) market was dominated by North America due to the presence of key companies and globally renowned enterprises in the region. A major element supporting the market expansion in North America is the high demand for data security and recovery solutions for protecting sensitive and important information. Additionally, the expansion of startups and small businesses is anticipated to fuel the DRaaS industry. The widespread adoption of DRaaS services throughout the healthcare sector is also a result of US-based data protection standards like the Health Insurance Portability and Accountability Act (HIPAA) and Health Information Trust Alliance (HITRUST) accreditation.

Besides, the Asia Pacific is expected to grow significantly over the forecast period. The primary driver of significant market expansion in Asian nations is the rapidly evolving I.T. infrastructure. Additionally, data protection laws may encourage the usage of DRaaS services in China, Japan, and India. Natural disasters that frequently strike several Asian nations, such as India and Japan, are also anticipated to impact service uptake significantly. Thus, the disaster recovery as a service (DRaaS) industry is expected to grow significantly in the Asia-Pacific region over the next several years.

What is the regulatory landscape for the Insect Cell Culture Market?

The U.S. Government enterprises across high-potential markets are expanding their I.T. investment and regulations, which will likely be good for the market. High investments in research and development activities at DRaaS Solutions are driving the market's expansion.

What is the Market Size of Disaster Recovery As A Service (DRaaS) regarding value?

The Disaster Recovery as a Service (DRaaS) Market is anticipated to grow at a substantial CAGR of 21.10% in the upcoming years. The Global Disaster Recovery As A Service (DRaaS) industry was estimated to be worth USD 8193.2 million in 2021 and was expected to be worth USD 25841.54 million by 2028.

What effect does COVID-19 have on the market for Disaster Recovery As A Service (DRaaS)?

The COVID-19 pandemic benefited the market for disaster recovery as a service. The need for cloud-based solutions is rising due to most enterprises' prevalent culture of working from home. With the aid of cloud-based technology, many firms have chosen to invest in modern I.T. infrastructure, and the need will only increase over the next several years. With the lockdown situation, the catastrophe recovery as a service market is expanding daily. Microsoft launched its cloud-based healthcare technology in May 2020 to address COVID-19 scenarios. Microsoft presented a few cloud technology solutions to boost the effectiveness of healthcare organizations' workflows.

Segmentation of Global Disaster Recovery As A Service (DRaaS) Market-

Global Disaster Recovery As A Service (DRaaS) Market – By Service Model

  • Managed
  • Self-service
  • Assisted

Global Disaster Recovery As A Service (DRaaS) Market – By Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Global Disaster Recovery As A Service (DRaaS) Market – By End-User

  • BFSI
  • IT & Telecom
  • Government
  • Media & Entertainment
  • Retail & Consumer Goods
  • Healthcare & Lifesciences
  • Others

Global Disaster Recovery As A Service (DRaaS) Market – By Region

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • France
    • K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Disaster Recovery As A Service (DRaaS) industry

COVID-19 is expected to negatively affect the global Disaster Recovery As A Service (DRaaS) market.

North America accounted for the highest share in the global Disaster Recovery As A Service (DRaaS) market.

One of the main factors propelling the market's expansion is the new digitalization trend, which is accompanied by an increase in the adoption of cloud-based services across sectors.

The managed segment had a major share in 2021, with more than 40% of the market revenue share.

The BFSI segment had a major share in 2021, with more than 30% of the market revenue share.

Disaster Recovery As A Service Market Scope

Report Attribute Details
Market Value in 2021 USD 8193.2 million
Market Value in 2028 USD 25841.54 million
CAGR 21.10%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Sep 2022
Category:  Technology & Media
Report ID:   59080
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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