Disaster Recovery as a Service Market Poised to Rake US$57,133.1 million by 2026 end

The pandemic situation has brought a positive impact on disaster recovery as a service market. The market is predicted to grow significantly in the forecast period despite the pandemic COVID-19 situation. The primary factor for the growth of DRaaS before COVID -19 was due to the rising demand by most organizations for its cost effectiveness and greater flexibility. The factor which affects the positive growth of the disaster recovery as a service is the lockdown and most of the organizations implementing work from home. However, data breach is considered to be the major restraint for the market. Implementation of artificial intelligence in DRaaS is predicted to create vast opportunity for the DRaaS Market in the forecast period. For instance, TM One launched cloud alpha promotion for business at the time of bleeding economy stating #stayproductive during the quarantine time by urging people to stay home and work from home.

Our report includes:

Technological Impact
Social Impact
Investment Opportunity Analysis
Pre- & Post-COVID Market Scenario
Infrastructure Analysis
Supply Side & Demand Side Impact
Access Sample Copy of this Report (Including Full TOC, tables & Figure) Here! @ https://www.researchdive.com/download-sample/186

As per a new report published by Research Dive, the DRaaS is set to generate a revenue of $57,133.1 million by 2026, at a CAGR of 42.9% during the forecast period from 2019 to 2026. The segmentation of the market has been done on the basis of component, solution, service, providers, organization size, verticals and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analysts, Cost effectiveness and greater flexibility is predicted to drive the Disaster Recovery as a Service Market. Moreover, data Breach and security is considered to be the major restraints for the disaster recovery as a service market.

Solution Type, Backup Services Type, Cloud Service Provider, Small and medium business, Media and entertainment is predicted to be the most profitable segments in the market

Depending on the component, the market is segmented into solution and service. The solution type component in disaster recovery as a service market accounted for $2,148.1 million in 2018 and is predicted to grow with a CAGR of 37.7% in the forecast period. Most of the enterprises optimize the data and improve the efficiency of the storage system with the use of solution provided by DRaaS, which is predicted to boost the segment in the forecast period

Depending on the solution, the market is segmented into real time replication, backup solution, data security & compliance, and disaster recovery planning & testing. The backup services type accounted for $837.0 million in 2018 and is predicted to grow with a CAGR of 38.8% in the forecast period.

Depending on the service, the market can be segmented into cloud service provider, managed service provider, telecom and communication service provider and others. The managed service providers segment accounted for $389.9 million in 2018 and is predicted to grow with a CAGR of 53.9% in the forecast period.

Depending on the provider, the market is segmented into cloud service provider, telecom and communication service provider and disaster recovery service provider. Cloud service provider segment accounted for $1,934.5 million in 2018 and is predicted to grow with a CAGR of 40.5% in the forecast period. Cloud allows to store data virtually and can be accessed anywhere due to which it is predicted to boost the cloud segment in the forecast period.

Speak to our Expertise before buying Report@ https://www.researchdive.com/connect-to-analyst/186

Depending on the organization size, the market can be segmented into small & medium enterprises and large enterprises. The small and medium business market was accounted for $1,112.3 million in 2018 and is predicted to grow with a CAGR of 50.7% in the forecast period.

Depending on the vertical, the market can be segmented into BFSI, Education, Government, Healthcare, Manufacturing, Media & Entertainment, Telecommunication & IT, Retail and Wholesale, Transportation and Logistics and Others. Media and Entertainment accounted for $359.7 million in 2018 and is predicted to grow with a CAGR of 48.1% in the forecast period.

Geographical Analysis and Major Market Players

On the basis of region, the global disaster recovery as a service market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region for the disaster recovery as a service market accounted for $851.7 million in 2018 and is predicted to grow with a CAGR of 48.6% in the forecast period. Shifting of major tech companies in the region and the government initiatives for the establishing new companies is predicted to boost the region market in the forecast period.

The top market players in the disaster recovery as a service market include IBM Corporation, HP Development Company, L.P., Amazon Web Services, Inc., Cable & Wireless Communications Limited., TierPoint, LLC., Microsoft, VMware Inc., NTT Communications Corporation, and RACKSPACE US, INC., among others.

Request for Customization & Get 10% Discount on this Report@ https://www.researchdive.com/request-for-customization/186

Contact us:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US)
Toll Free: +1-888-961-4454
E-mail: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Blog: https://www.researchdive.com/blog

About Us
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.