DRaaS Market Overview and Regional Outlook Study 2023 - 2032

The global disaster recovery-as-a-service market was valued at $6.5 billion in 2021, and is projected to reach $60.4 billion by 2031, growing at a CAGR of 23.9% from 2022 to 2031.

Disaster Recovery-as-a-ServiceThe service industry is growing in popularity since it assists millions of organisations worldwide in the event of natural disasters such as hardware failure, file corruption, power outage, and others. It also aids in dealing with business interruptions caused by natural disasters such as hurricanes, floods, earthquakes, wildfires, and others.

The Disaster Recovery-as-a-Service market is rapidly expanding because it assists organisations in the event of difficult occurrences such as cyber-attacks, blackouts, and others, assuring business continuity and protecting critical data. Disaster recovery-as-a-Service (DRaaS) is a cloud computing model that enables businesses to backup their data and IT architecture on a third-party cloud computing system and deliver all disaster recovery (DR) orchestration via a software as a service (SaaS) solution to recover functionality and access to IT infrastructure following a disaster. Because of this service model, a company must rely on the disaster recovery service provider to handle all resources in the case of a crisis rather than attempting to do so themselves.

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Many businesses with tiny IT staffs simply cannot afford to devote the necessary time to disaster recovery plan research, implementation, and testing. DRaaS relieves organisations of the time-consuming task of data recovery by depending on disaster recovery-as-a-service providers. It is significantly less expensive than managing one's own disaster management infrastructure, which decreases the workload of an organization's IT personnel. DRaaS provides many businesses with a viable solution to a recurring problem. However, the expansion of the disaster recovery-as-a-Service market is projected to be hampered by a cyberattack that results in a data breach, in which confidential, sensitive material that should have been kept private is released without consent.

Global Disaster Recovery As A Service (DRaaS) Market Overview
The key factor driving the market expansion of the Disaster Recovery As A Service (DRaaS) Market is the increasing demand for disaster as a service due to its capacity to provide greater performance requirements during data recovery. With many organisations producing massive volumes of data, there is a need for a suitable data security and recovery system. Because it allows for faster data retrieval in less time, disaster recovery as a service has gained in popularity. The adoption of cloud-based disaster as a service is also the primary driver of increased market demand. It contributes to lower hardware running costs and increases flexibility, resulting in great performance.

Furthermore, cloud-deployed services are cost-effective alternatives because they allow organisations to pay only what service providers are required to charge, eliminating the need for software licencing and computer infrastructure. Small businesses use disaster recovery as a service to increase data security and safety measures at a reasonable cost. Furthermore, digitalization is boosting the demand for disaster recovery as a service. Disaster recovery services are becoming more popular in various areas, including healthcare, information technology, telecommunications, and others, as technology and digitalization improve.

The usage of disaster recovery as a service provides for a reduction in the manpower required for data management and security, resulting in a more streamlined and time-efficient mechanism. However, major industries have heavily invested in such disaster recovery services since they improve overall data security, which are factors driving demand for the Disaster Recovery As A Service (DRaaS) Market. The possibility of data breach or failure, as well as security by third-party organisations, are challenges that could stymie market expansion. The increased adoption of advanced technologies and software by corporations to provide data security is a potential opportunity for the Disaster Recovery As A Service (DRaaS) Market.

Segmentation:
By Service type
• Backup and Recovery
• Data Replication
• Real-Time Replication
• Others
By Deployment mode
• Public
• Private
• Hybrid cloud
By Organization size
• Small and Medium-Sized Enterprises
• Large Enterprises
By Vertical
• BFSI
• IT and Telecom
• Healthcare
• Government
• Retail
• Others

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Company Profiles:
• IBM Corporation
• Microsoft Corporation
• Amazon Web Services, Inc.
• Acronis International GmbH
• Infrascale Inc.
• Carbonite Inc.
• Axcient Inc.
• Druva Inc.
• Sungard Availability Services (Sungard AS)
• Iland Internet Solutions Corporation
• Bluelock LLC
• Recovery Point Systems Inc.
• Tierpoint LLC
• NTT Communications Corporation
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Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of DRaaS Market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in DRaaS Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the disaster recovery-as-a-service market analysis from 2021 to 2031 to identify the prevailing disaster recovery-as-a-service market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the disaster recovery-as-a-service market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global disaster recovery-as-a-service market trends, key players, market segments, application areas, and market growth strategies.

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