Disaster Recovery as a Service (DraaS) Market to Reach at a Highest CAGR of 22.9% by 2030 | Top Players Microsoft, IBM Corporation, VMware, Inc., Acronis International GmbH

Delvens published an exclusive report, titled, "Disaster Recovery as a Service (DraaS) Market to Reach at a Highest CAGR of 22.9% by 2030 | Top Players Microsoft, IBM Corporation, VMware, Inc., Acronis International GmbH". Disaster Recovery as a Service (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 (North America, Europe, Asia-Pacific, Middle East, and Africa and South America).

Click Here For a Free Sample + Related Graphs of the Report at: https://www.delvens.com/get-free-sample/disaster-recovery-as-a-service-draas-market-trends-foreacast-till-2030

The prominent players in Disaster Recovery as a Service (DraaS) Market are Microsoft, IBM Corporation, VMware, Inc., Amazon Web Services, Inc., Acronis International GmbH, iland, Sungard Availability Services LP, Axcient, Unitrends, Infrascale, Inc., Cloudian, Nutanix, Carbonite, Inc., phoenixNAP, Recovery Point Systems, Inc.

Recent Developments

In May 2022, Broadcom, a leading provider of semiconductor and infrastructure software solutions, entered into an agreement to acquire VMware. The combined solutions would enable customers, including leaders in all industry verticals, greater choice, and flexibility to build, run, manage, connect, and protect applications at scale across diversified, distributed environments.

In January 2022, iland was acquired by 11:11 Systems, a managed infrastructure solutions provider. 11:11 would leverage iland's Secure Cloud Console natively, combining deep-layered security, predictive analytics, and compliance to deliver visibility and ease of management across all its cloud services.

Disaster recovery as a service is a cloud computing service that is used to back up the data in an organization. The data will be stored by a third-party cloud computing service, and in this way, the organization doesn't have to own all the data or handle all the management disaster recovery, instead of it they can rely on a service provider. This is a cost-effective process, and it gives faster data recovery with flexibility.

Disaster recovery as a service market driver helps the market to grow and boost demand. One of the major drivers is the adoption of cloud services in organizations. The need for cloud computing is growing day by day, and it is showing a positive impact on global disaster recovery as a service market. Another driver of the disaster recovery service market size is cost-effectiveness. Many IT companies are trying to reduce their budget, and they are opting for disaster recovery services to help them with reducing costs. Data recovery is one of the drivers that is driving the growth of disaster recovery as a service business. With the data recovery solution, organizations can back up their valuable data with the help of disaster recovery as a service in case of a disaster or system failure. Artificial intelligence and machine learning are increasing with time, and it is adding value to customers and helping them to increase revenue. Adding AI in disaster recovery as a service can give so many advantages in recovering data and security and this will provide various opportunities to the market.

On the other hand, there are many restraints in disaster recovery as a service industry, such as businesses choosing cloud services over traditional methods. Though many businesses are ready to use cloud services still there are some businesses that are not used to this method. There are other methods available in the market, and businesses are using those methods. They can also provide the same services, so organizations are not using the latest technology, and it is one of the major restraints in disaster recovery as a service industry.

The covid-19 had a positive impact on disaster recovery as a service market. Due to the work from the home culture in most organizations increasing demand for cloud-based solutions. So many organizations have opted for advanced IT infrastructure with the help of cloud-based technology, and the demand will grow more in a few years. The disaster recovery as a service market is growing day by day with the lockdown situation.

Direct Purchase of Disaster Recovery as a Service (DraaS) Market Research Report at: https://www.delvens.com/checkout/disaster-recovery-as-a-service-draas-market-trends-foreacast-till-2030

Disaster Recovery as a Service (DraaS) Market: Table of Contents

Disaster Recovery as a Service (DraaS) Market is segmented into various segments such as service type, deployment mode, organization size, vertical, and region:

On the basis of service type

Real-time Replication
Backup & Restore
Data Protection
Professional Services.

On the basis of the deployment mode

Public
Private

On the basis of organization size

Large Enterprises
Small & Medium Sized Enterprises.

On the basis of vertical

Banking, Financial Services & Insurance
Telecommunications
IT & ITeS
Government & Public Sector
Retail & Consumer Goods
Manufacturing
Energy & Utilities
Media & Entertainment
Healthcare & Life Sciences
Other Verticals.

On the basis of region

Asia Pacific
North America
Europe
South America
Middle East & Africa

Asia Pacific to Dominate the Market

Asia Pacific is the fastest-growing region in terms of cloud workloads and gaining traction mainly due to the high growth of technology adoption in countries such as China and India. The increasing availability of skilled labor and SMEs' keen focus on entering and growing in this region are a few factors driving the adoption of DRaaS in the Asia Pacific.

Businesses across the region are cautious about their investment plans and focus on affordable options. Thus, public cloud services have gained huge traction in the Asia Pacific as they offer scalability, reliability, accessibility, and affordability.

Delvens Industry Expert's Standpoint

The increased use of cloud services across several industrial sectors, including BFSI and IT & telecom, has increased the demand for quicker and more affordable data recovery methods like DRaaS. Data, income, and staff productivity are lost as a result of natural disasters, technology glitches, and human mistakes. Businesses are predicted to use the disaster as a service (DRaaS) as a result of increased regulatory compliance, improvements in IT infrastructure, cybersecurity concerns, the requirement for business continuity, improved RPO, and the necessity for data protection as a service and backup facilities.

For More Information or Query or Customization Before Buying, Visit at: https://www.delvens.com/Inquire-before-buying/disaster-recovery-as-a-service-draas-market-trends-foreacast-till-2030

Contact Us:

UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-8638-5055
SALES@DELVENS.COM
WEBSITE: https://delvens.com/

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

This release was published on openPR.