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Disaster-Recovery-as-a-Service Market worth $2.33 billion by 2030, growing at a CAGR of 10.09% - Exclusive Report by 360iResearch
Disaster-Recovery-as-a-Service Market | 360iResearch
The Global Disaster-Recovery-as-a-Service Market to grow from USD 1.18 billion in 2023 to USD 2.33 billion by 2030, at a CAGR of 10.09%.
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Disaster Recovery-as-a-Service (DRaaS) is a comprehensive managed solution that enables businesses to safeguard their critical data and IT infrastructure against catastrophic events, such as natural disasters, cyberattacks, equipment failures, or human errors. DRaaS ensures rapid restoration of IT systems, minimizing downtime and associated operational losses by leveraging third-party cloud-based resources. The importance of DRaaS lies in its ability to maintain business continuity and protect an organization's reputation while mitigating the financial impact of unexpected disruptions. Safeguarding sensitive data from unauthorized access has become paramount for businesses, with cyberattacks becoming more frequent and advanced. Implementing DRaaS helps companies restore their data quickly in case of such incidents without succumbing to ransom demands. The occurrence of natural disasters such as hurricanes, floods, and earthquakes has risen owing to climate change. It poses major risks to businesses that rely heavily on technology infrastructure for their daily operations. DRaaS ensures that organizations can quickly recover their IT systems and resume normal business activities after disasters. However, functional limitation of the DRaaS solutions and limited standardization of the solutions to evolving regulatory frameworks impact their improved usage across industries. Market players are introducing advanced solutions based on AI and ML with improved features to cater to better solutions for the users. Cloud-based DRaaS solutions leverage advanced technologies such as replication and automation to ensure rapid recovery of critical data and applications, reducing the impact on business operations.
In the Americas, the DRaaS market experienced significant growth owing to well-established cloud infrastructure, high levels of business digitalization, and a strong presence of product developers. Stringent regulatory requirements for data protection and disaster recovery planning have driven industries such as finance and healthcare toward adopting DRaaS solutions in the United States and Canada. APAC demonstrates immense potential for the DRaaS market, given its diverse economic landscape comprising booming IT economies in China, India, Japan, and South Korea. Rapid urbanization, increasing internet penetration rates, growing small-to-medium enterprises, and rising awareness about the importance of data protection fuel demand for disaster recovery services in the region. Global DRaaS providers in the region have been forming strategic alliances with local partners, investing in R&D to tailor solutions to regional needs, and ensuring compliance with native data protection laws to expand product usage. Europe has observed a surge in DRaaS adoption owing to the enforcement of stringent data protection regulations such as the General Data Protection Regulation (GDPR), which has compelled European businesses to prioritize data security and invest in disaster recovery strategies. Additionally, Europe's region-wide focus on digital transformation initiatives, strong IT infrastructure, and the presence of local DRaaS providers contribute to the market growth. Moreover, the Middle East and Africa region is poised for significant growth, driven by government initiatives promoting digital transformation, increasing adoption of cloud-based services, and a heightened awareness among businesses about the need for effective disaster recovery planning.
Market Segmentation & Coverage:
This research report categorizes the Disaster-Recovery-as-a-Service Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Service Type, market is studied across Backup, Data Security, Professional Services, and Real-Time Protection. The Professional Services is projected to witness significant market share during forecast period.
Based on Service Providers, market is studied across Cloud Service Provider, Managed Service Provider, and Telecom & Communication Service Provider. The Telecom & Communication Service Provider is projected to witness significant market share during forecast period.
Based on Cloud Type, market is studied across Hybrid Cloud, Private Cloud, and Public Cloud. The Hybrid Cloud is projected to witness significant market share during forecast period.
Based on Company Size, market is studied across Large Companies, Mid-Sized Companies, and Small Companies. The Mid-Sized Companies is projected to witness significant market share during forecast period.
Based on Deployment Model, market is studied across From Cloud DRaaS, In Cloud DRaaS, and To Cloud DRaaS. The From Cloud DRaaS is projected to witness significant market share during forecast period.
Based on End User, market is studied across BFSI, Education, Government, IT & Telecom, Manufacturing & Logistics, Media & Entertainment, and Retail & E-Commerce. The Manufacturing & Logistics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.35% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Disaster-Recovery-as-a-Service Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Disaster-Recovery-as-a-Service Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Disaster-Recovery-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include 11:11 Systems Inc, Acronis International GmbH, Amazon Web Services, Inc., Axcient, BIOS Middle East Group by ZainTech, Cable & Wireless Communications Limited, Cisco Systems, Inc., Citrix by Cloud Software Group, Inc., Daisy Corporate Services Holdings Limited, Databarracks Limited, Druva1, ESDS Software Solution Ltd., Google LLC by Alphabet Inc., Infrascale Inc., International Business Machines Corporation, InterVision Systems, LLC, Microsoft Corporation, N-able, Inc., Nippon Telegraph and Telephone Corporation, Nordia Infotech Pvt Ltd, OneNeck IT Solutions LLC by Telephone and Data Systems, Inc., Open Text Corporation, Oracle Corporation, RackWare, Inc., Recovery Point Systems, Inc., Secur-Serv, Sungard Availability Services LP, Tata Communications Ltd., Thrive Operations, TierPoint, LLC, Veoci Inc., VMware, Inc., and Xigent LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Disaster-Recovery-as-a-Service Market, by Service Type
7. Disaster-Recovery-as-a-Service Market, by Service Providers
8. Disaster-Recovery-as-a-Service Market, by Cloud Type
9. Disaster-Recovery-as-a-Service Market, by Company Size
10. Disaster-Recovery-as-a-Service Market, by Deployment Model
11. Disaster-Recovery-as-a-Service Market, by End User
12. Americas Disaster-Recovery-as-a-Service Market
13. Asia-Pacific Disaster-Recovery-as-a-Service Market
14. Europe, Middle East & Africa Disaster-Recovery-as-a-Service Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Disaster-Recovery-as-a-Service Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Disaster-Recovery-as-a-Service Market?
3. What is the competitive strategic window for opportunities in the Disaster-Recovery-as-a-Service Market?
4. What are the technology trends and regulatory frameworks in the Disaster-Recovery-as-a-Service Market?
5. What is the market share of the leading vendors in the Disaster-Recovery-as-a-Service Market?
6. What modes and strategic moves are considered suitable for entering the Disaster-Recovery-as-a-Service Market?
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