Trends and Transformations in Disaster Recovery Services
Disaster Recovery-as-a-Service is a cloud computing service model that allows an organization to back up its data and IT infrastructure in a third-party cloud computing environment and provide all the DR orchestration, all through a SaaS solution. disaster recovery-as-a-service have gained popularity among corporate infrastructures, enabling businesses to scale their business continuity needs as they grow, reduce cost, fast recovery, and minimize damage.
Download Free Sample Report Now: https://www.meticulousresearch.com/download-sample-report/cp_id=5515
The growth of the disaster recovery-as-a-service market is driven by the growing demand for data security and scalability, rising data breaches and ransomware attacks, and the growing adoption of disaster recovery-as-a-service in the BFSI sector. However, the complexity of deployment and setting terms restrains the growth of the disaster recovery-as-a-service market.
Furthermore, the growing adoption of advanced technologies such as AI and machine learning and the increasing adoption of cloud-based solutions among SMEs are expected to create growth opportunities in the market. However, one of the major challenges for players operating in this market is the lack of awareness and misconceptions regarding disaster recovery service solutions among potential customers.
The disaster recovery-as-a-service market is segmented by operating model (managed DRaaS, assisted DRaaS, and self-service DRaaS), function (data protection, real-time replication, and other functions), organization size (large enterprises, small & medium-sized enterprises), sector (BFSI, IT & telecommunications, retail, manufacturing, healthcare, government, energy & utility, and other sectors) The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on operating model, in 2023, the managed DRaaS segment is expected to account for the largest share of the disaster recovery-as-a-service market. The large market share of this segment is attributed to the rising adoption of managed DRaaS in the IT & telecommunications sector, the rising need for business continuity across organizations, and the growing adoption of cloud solutions. Also, this segment is projected to register the highest CAGR during the forecast period.
Have Any Query? Ask To Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5515
Based on organization size, in 2023, the large enterprises segment is expected to account for the larger share of the disaster recovery-as-a-service market. The large market share of this segment is attributed to the high spending capabilities of large enterprises resulting in the increased adoption of disaster recovery-as-a-service and the availability of skilled IT personnel to manage disaster recovery platforms. Furthermore, large enterprises focus on desired disaster recovery service channels against data breaches to retain customers, boost sales, and validate necessary steps to overcome market interruptions, which drives the increased adoption of disaster recovery-as-a-service among large enterprises. However, the small & medium enterprises segment is slated to register a higher CAGR during the forecast period.
Based on function, in 2023, the data protection segment is expected to account for the largest share of the disaster recovery-as-a-service market. The large market share of this segment is attributed to the rising number of data breaches and ransomware attacks, the rising demand for data security, and the growing demand for data protection in various sectors. However, the backup & recovery segment is slated to register the highest CAGR during the forecast period. The rising adoption of cloud data backup, increasing risk of data breaches, and growing adoption of backup & recovery solutions in the BFSI sector are expected to support the growth of this segment.
Based on sector, in 2023, the IT & telecommunications segment is expected to account for the largest share of the disaster recovery-as-a-service market. The large market share of this segment is attributed to the rising need for business continuity across organizations, the growing adoption of cloud solutions, and the growing demand for data security and scalability. However, the BFSI segment is slated to register the highest CAGR during the forecast period. The rising fraudulent activities, rising adoption of disaster recovery-as-a-service for various financial processes, and surging need for improving the agility of work and customer experience are expected to support the growth of this segment.
Quick Buy - Disaster Recovery-as-a-Service Market- Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/64383878
Based on geography, the disaster recovery-as-a-service market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the disaster recovery-as-a-service market. North America's large market share is attributed to the presence of leading disaster recovery service providers and their increasing focus on developing advanced disaster recovery services.
However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The infrastructural growth in APAC, especially in China, South Korea, India, Australia, Singapore, and Japan; the rapid growth of regional economies; the increasing number of cybercrimes; and the growing awareness about the importance of disaster recovery among small & medium-sized organizations offer growth opportunities for the players operating in the disaster recovery-as-a-service market.
The key players operating in the disaster recovery-as-a-service market are IBM Corporation (U.S.), Microsoft Corporation (U.S.), Sungard Availability Services LP (U.S.), VMware, Inc. (U.S.), Axcient, Inc. (U.S.), Cloudian Inc. (U.S.), Acronis International GmbH (Switzerland), Oracle Corporation (U.S.), TierPoint, LLC (U.S.), Datto, Inc. (U.S.), Unitrends, Inc. (U.S.), Cloud4C Services Pte. Ltd (Singapore), Recovery Point Systems, Inc. (U.S.), Infrascale Inc. (U.S.), and InterVision Systems, LLC. (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/disaster-recovery-as-a-service-market-5515
Scope of the Report:
Disaster Recovery-as-a-Service Market Assessment, by Operating Model
Disaster Recovery-as-a-Service Market Assessment, by Function
Backup & Recovery
Disaster Recovery-as-a-Service Market Assessment, by Organization Size
Small & Medium-sized Enterprises
Disaster Recovery-as-a-Service Market Assessment, by Sector
IT & Telecommunications
Energy & Utility
Disaster Recovery-as-a-Service Market Assessment, by Geography
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Middle East & Africa
Rest of the Middle East & Africa
Request Free Sample Report Now: https://www.meticulousresearch.com/request-sample-report/cp_id=5515
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Trends and Transformations in Disaster Recovery Services here
News-ID: 3381394 • Views: …
More Releases from Meticulous Research®
RFID Market Set to Soar, Projected Worth of $32.4 Billion by 2029
Meticulous Research® Presents Groundbreaking Insights in Latest RFID Market Report Meticulous Research®, a leading global market research company, has unveiled its latest research report titled "RFID Market by Component (Hardware - Printers, Antenna, Readers, Labels, Card, Tags, Implant; Software), Frequency (Ultra-high Frequency), Type (Active, Passive), End-user (Transportation & Logistics, Retail), and Geography - Global Forecasts to 2029." According to this comprehensive publication from Meticulous Research®, the global RFID market is on a
Electronic Lab Notebook Market Set to Surge, Projected to Reach $787.7 Million b …
[Redding, California , 22-02-2024] - Meticulous Research®, a distinguished leader in global market research, has released its latest comprehensive report titled 'Electronic Lab Notebook Market by Product (Cross-disciplinary, Specific), Technology (Proprietary, Open-source), Channel (Web & Cloud-based, On-premise), End User (Pharmaceutical, Biotech, CROs, Academia Research, F&B) - Global Forecast to 2029.' Electronic lab notebooks (ELNs) are revolutionary tools designed to supersede traditional lab notebooks, providing scientists, engineers, and technicians with a digital
Organic Food Market Poised to Surge, Projected to Reach $289.4 Billion by 2030
[Redding, California, 22-02-2024] - Meticulous Research®, a renowned global market research firm, has unveiled its latest comprehensive report titled 'Organic Food Market by Type (Fruits, Vegetables, Grains, Beverages, Bakery), Distribution Channel (Supermarket, Hypermarkets, E-commerce), Process (Unprocessed, Processed, Ultra-processed), Packaging Type (Fresh, Frozen) - Global Forecasts to 2030.' Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5122 According to this groundbreaking publication from Meticulous Research®, the global organic food market is anticipated to scale to a monumental
Integrated Pest Management (IPM) Pheromones Market Set to Surge, Projected to Re …
[Redding, California , 22-02-2024] - Meticulous Research®, a premier global market research company, has unveiled its latest report titled 'Integrated Pest Management (IPM) Pheromones Market by Type (Sex, Aggregation, Alarm Pheromones), Pest Type (Moths), Function (Mating Disruption, Mass Trapping), Mode of Application (Dispensers, Traps), Application - Global Forecast to 2031'. Download Free Sample Report : https://www.meticulousresearch.com/download-sample-report/cp_id=5211 The report forecasts a robust growth trajectory for the integrated pest management (IPM) pheromones
More Releases for Recovery
Big Boom in Asset Recovery Software Market 2020-2027 |HPE , Terrapin Systems , C …
According to a report on Asset Recovery Software Market, recently added to the vast repository of Research N Reports, the global market is likely to gain significant impetus in the near future. The report, titled “Global Asset Recovery Software Market Research Report 2020,” further explains the major drivers manipulating industry, the possibility of development, and the challenges going up against the administrations and industrialists in the market. This research study
Tampa’s Data Analyzers Data Recovery Services Provides IT Recovery Service Thr …
Tampa, Florida – August 23, 2020- Data Analyzers Data Recovery Services is proud to offer its fast, efficient data recovery solutions to customers in the Tampa area during the COVID-19 pandemic. Issues with computers, mobile devices, and storage haven’t taken a break during the COVID-19 crisis, and neither does the hard-working team of engineers at Data Analyzers. Customers have the option for data retrieval via their mail-in system. The process is
iSkysoft Data Recovery: The Latest All-Round Data Recovery Software
There is always a need for computers to get a data recovery software which has the ability to recover lost files that might have occurred for several different reasons. As an answer to this necessity, iSkysoft has developed a software that seamlessly does all forms of data recovery on Mac and Windows. iSkysoft data recovery software https://toolbox.iskysoft.com/data-recovery.html has been designed to recover files irrespective of the reason for the data
Gynecomastia Surgery And Recovery TimeframeGynecomastia Surgery And Recovery Tim …
An Overview Of The Condition It is usually characterized by the localization of excess adipose content along with the formation of excessive mammary glandular tissues with or without the occurrence of excess skin layers in unilateral or bilateral breasts. As this condition leads to the development of physical discomfort and emotional impairment, most of the men gains lower self-esteem and decreased self-image. Most of the men who are facing this condition
Enhanced Oil Recovery Market Analysis and Forecast 2018-2025 Oil Recovery Techni …
In this report, the global Enhanced Oil Recovery (EOR) market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2018 to 2025 along with
Microbial Enhanced Oil Recovery Market 2017- StatOil, Titan Oil Recovery
Marketreports.biz, recently published a detailed market research study focused on the "Microbial Enhanced Oil Recovery Market" across the global, regional and country level. The report provides 360° analysis of "Microbial Enhanced Oil Recovery Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Microbial Enhanced Oil Recovery industry, and estimates the future