At 21.6% CAGR, DRaaS Market worth $23.5 billion by 2027

According to a new market research report "DRaaS Market by Service Type (Backup & Restore, Real-Time Replication, Data Protection, and Professional Services), Deployment Mode (Public Cloud and Private Cloud), Organization Size, Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets™, the global DRaaS Market size is estimated to grow from USD 8.8 billion in 2022 to USD 23.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=962

The DRaaS market is fuelled by the compelling need to lower TCO, save time, and allow IT teams to shift focus to higher-value tasks. Moreover, the increased need for business continuity across SMEs plays a key role in driving the growth of the DRaaS market.

Browse in-depth TOC on "DRaaS Market"
248 Tables
46 Figures
240 Pages

By Service Type, the backup & restore segment to hold the largest market size during the forecast period

The backup & restore segment is estimated to account for the largest market share among service types. Backup is the process of copying data in cloud computing environments, while restore refers to the restoration of deleted or damaged files from storage media in the event of disasters. Backup & restore services offer various benefits to enterprises, including increased agility, data retention, lower costs, faster deployments, and improved data protection.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=962

By Organization Size, the SMEs segment to grow at a higher CAGR during the forecast period

The Small & Medium Sized Enterprises (SMEs) segment is expected to have a higher CAGR growth during the forecast period. Organizations with less than 1,000 employees are categorized as SMEs. SMEs generally face critical challenges in the form of capital, skills, and scalability. To overcome these issues, SMEs adopt the pay-as-you-go model to ensure they are not tied to contracts that have tedious provisions. The pay-as-you-go payment model also provides SMEs a great deal of service scalability.

By Region, North America to account for the largest market size during the forecast period

North America is expected to hold the largest share in the DRaaS market. North America is the most mature market in terms of DRaaS adoption due to various factors such as the well-developed economy, penetration and adoption of innovative technologies, and increased competitiveness. The market in this region is already at a mature stage, and therefore, it is expected to witness slower growth compared to other regions. The presence of most of the top market vendors such as Microsoft, IBM, VMware, AWS, and Sungard AS also plays a vital role in the growth of the North American DRaaS market.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/recovery-as-a-service-market-962.html

Market Players

Major vendors in the DRaaS market include Microsoft (US), IBM (US), VMware (US), AWS (US), Sungard AS (US), iland (US), Recovery Point (US), InterVision (US), TierPoint (US), and Infrascale (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/recovery-as-a-service.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.