Disaster Recovery as a Service (DRaaS) Market to Grow at 27.84% During 2022-2027 | IMARC Group

According to the latest report by IMARC Group, titled "Disaster Recovery as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global disaster recovery as a service market reached a value of US$ 5.2 Billion in 2021. Disaster recovery as a service, or DRaaS, is a backup service model that replicates and recovers disrupted data caused by disasters through third party cloud computing. It aims to maintain a short recovery point, where the restored data is as similar as it can be to the original form. DRaaS provides an absolute system backup that allows the end user to run smoothly during system failure. The backup is usually available through cloud, virtual, public, or hybrid environments, which ensure security to sensitive information. On account of these benefits, DRaaS is widely employed across the healthcare, information technology (IT), banking, and telecommunication industries.

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Market Trends

The increasing digitalization and widespread adoption of cloud computing backup and recovery services across various end use industries are among the key factors driving the growth of the market. DRaaS offers faster data recovery and eliminates the need for additional recovery sites. Moreover, small- and medium-sized businesses are incorporating cloud-based backup systems in their disaster recovery plans. Additionally, the introduction of various advanced technologies, such as virtual machine inventory, intelligent data replication, and automated testing, are also accelerating the global adoption of DRaaS. Other factors driving the market growth include significant research and development (R&D) activities and rising instances of cyber-attacks and data theft. Looking forward, the market value is expected to exhibit a CAGR of 27.84% during 2022-2027.

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List of Key Companies Covered in this Market Report:

Amazon Web Services
Bluelock LLC
C and W Business Ltd
Geminare Incorporated
IBM Corporation
iLand Internet Solutions Corporation
Infrascale Inc.
Microsoft Corporation
Recovery Point Systems Inc.
Sungard Availability Services LP
TierPoint LLC

The report has segmented the market on the basis of service type, service provider, deployment model, end-user and geography.

Breakup by Service Type:

Backup and Recovery Services
Real-time Replication Services
Data Protection Services
Professional Services
Training, Education, and Consulting Services
Support and Maintenance Services

Breakup by Service Provider:

Cloud Service Providers
Managed Service Providers
Telecom and Communication Service Providers
Others

Breakup by Deployment Model:

Public Cloud
Private Cloud
Hybrid Cloud

Breakup by End-User:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

Breakup by Vertical:

BFSI
IT
Government
Healthcare
Manufacturing
Other

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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