Press release
Disaster Recovery Software Market Size, Share Analysis, Growth, Outlook And Forecast Report 2024-2033
Disaster Recovery Software Market Size
Disaster Recovery Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $20.90 Bn In 2028 At A CAGR Of 17.6%
The disaster recovery software market size has grown rapidly in recent years. It will grow from $9.32 billion in 2023 to $10.93 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to increasing data breaches, growing reliance on digital infrastructure, rising frequency of natural disasters, regulatory compliance requirements, and business continuity planning emphasis.
The disaster recovery software market size is expected to see rapid growth in the next few years. It will grow to $20.90 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to cloud adoption, cybersecurity threats, data protection regulations, and business continuity awareness. Major trends in the forecast period include rising adoption of AI-driven automation, emphasis on data resilience and security, growth in demand for integrated backup and recovery solutions, and expansion of disaster recovery as a service (DRaaS) offerings.
Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=14905&type=smp
Disaster Recovery Software Market Major Segments
The disaster recovery software market covered in this report is segmented -
1) By Deployment Type: On-Premise, Cloud
2) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
3) By Application: Application Backup, Email Backup, Media Storage Backup
4) By Vertical: Telecommunication And Information Technology (IT)-Enabled Services, Banking, Financial Services, And Insurance, Media And Entertainment, Other Verticals
Key Driver - Increasing Concern For Data Security Fuels Growth In The Disaster Recovery Software
The increase in concern for data security among organizations is expected to propel the disaster recovery software market going forward. Data security refers to the protection of digital data from unauthorized access, disclosure, alteration, or destruction throughout its lifecycle. The surge in data security among organizations can be attributed to the growing volume of sensitive data and the rising awareness of the potential financial and reputational damage caused by data breaches. Disaster recovery software ensures data security by facilitating swift restoration of critical information in cases of emergencies. For instance, in April 2023, according to the Department for Science, Innovation, and Technology, a UK-based government body, cybercrime affected 11% of businesses and 8% of charities in total over the past 12 months, this number increased to 26% of medium-sized businesses, 37% of large businesses, and 25% of high-income charities. Additionally, it is estimated that, across all UK businesses, there were approximately 2.39 million instances of cyber crime and approximately 49,000 instances of fraud as a result of cyber crime in the last 12 months. Therefore, the increase in concern for data security among organizations is driving the growth of the disaster recovery software market.
Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=14905&type=smp
Prominent Trend - Innovative Cloud-Based Disaster Recovery Solutions Revolutionize The Market Landscape
Major companies operating in the disaster recovery software market are focused on developing technologically advanced solutions, such as cloud-based disaster recovery frameworks, to gain a competitive edge in the market. A cloud-based disaster recovery framework enhances scalability, improves data accessibility, and streamlines disaster recovery processes. This framework leverages cloud computing resources to store, replicate, and recover data and applications, offering several advantages over traditional disaster recovery approaches, such as reduced costs, scalability, and flexibility. For instance, in November 2022, Protera Technologies, a US-based cloud modernization company, launched the Automated Disaster Recovery Framework. The framework enables companies to transition from static DR plans to more dynamic, real-world testing practices. Protera facilitates streamlined disaster recovery and testing processes at scale by leveraging advanced technologies such as cloud computing. The solution empowers businesses to consistently test, validate, and prove the effectiveness of their disaster recovery processes, particularly in responding to cyberattacks and restoring operations swiftly with minimal disruption.
Disaster Recovery Software Market Players
Major companies operating in the disaster recovery software market are International Business Machines Corporation, VMware Inc., Veritas Technologies LLC, Veeam Software, Commvault Systems, Rubrik Inc. , Acronis International GmbH, Actifio Inc., Carbonite Inc., Zerto, Arcserve, Druva Inc., StorageCraft Technology Corporation, HYCU Inc., Axcient, iLand Internet Solutions Corporation, Vembu Technologies, Nakivo Inc., Altaro Ltd., Bacula Systems SA, Storix Inc., PhoenixNAP, Asigra Inc., Recovery Point Systems Inc., Bluelock LLC
View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/disaster-recovery-software-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the disaster recovery software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disaster recovery software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Disaster Recovery Software Market Report Structure
3. Disaster Recovery Software Market Trends And Strategies
4. Disaster Recovery Software Market - Macro Economic Scenario
5. Disaster Recovery Software Market Size And Growth
…..
27. Disaster Recovery Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Disaster Recovery Software Market Size, Share Analysis, Growth, Outlook And Forecast Report 2024-2033 here
News-ID: 3502706 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Disaster
Help After Disaster, Inc. Announces Strategic Partnership with BetterHelp to Enh …
Image: https://www.globalnewslines.com/uploads/2024/12/1734898661.jpg
Spartanburg - Dec 23, 2024 - Help After Disaster, Inc., a non-profit organization dedicated to providing hot meals to survivors, volunteers, and first responders during disasters, is proud to announce a strategic partnership with BetterHelp. This collaboration aims to expand support for disaster-affected communities and amplify recovery efforts nationwide.
Image: https://www.globalnewslines.com/uploads/2024/12/7523528b73e324c396b31b148ca8a5fd.jpg
Through this partnership, BetterHelp will provide 3 months of mental health therapy to disaster victims, helping Help After Disaster deliver…
Empowering Disaster Preparedness: Arkpax's Impact at Office Disaster Prevention …
Arkpax, a leading provider of portable power [https://arkpax.com/] solutions, stole the spotlight as it made its debut at the 20th Office Disaster Prevention EXPO held at Tokyo Bigsight from May 8th to May 10th, 2024.
This marked a significant milestone for Arkpax as it entered the disaster prevention-themed exhibition in Japan for the first time, showcasing its commitment to expanding its presence in this sector. During the expo, Arkpax demonstrated the…
Precious Pairs: Global Disaster Relief Campaign
Precious Pairs, a non-profit organization based in San Francisco, has announced its active engagement in global emergency disaster relief efforts. Founded recently, the organization is dedicating its resources to provide immediate support in response to natural disasters around the world, a mission that is both urgent and capital-intensive.
Given the resource-heavy nature of emergency disaster relief, Precious Pairs is reaching out for support. Contributions are vital for procuring supplies, managing logistics,…
Disaster Recovery Solution Market: The role of technology innovation in accelera …
Various companies are reconsidering their plans for backup and recovery of important business applications and data over the past few years owing to increasing occurrences of planned, manmade disasters. For instance, malicious attacks such as WannaCry and Locky ransomware in 2017 led to the loss of thousands of encrypted files and systems. The government and private sectors incurred considerable financial losses owing to these attacks.
Get Reports Sample with Regional Inputs…
Disaster Relief Logistics Market 2018-2023
Disaster Relief Logistics Market
Disaster relief logistics service providers must be equipped with require quantity of resources and expertise to aid the society during disasters. Also, these logistics companies offer information and communication technology platforms to aid in rescue operations. This market study identifies the increased need for handling logistics operations by professional logistics companies to be one of the primary growth factors for the disaster relief logistics market.
A sample of…
Disaster Recovery as a Service Market - Efficient Disaster Recovery Plan to Ensu …
The market for traditional disaster recovery systems (DR) has witnessed vast changes over the past decade. The advent and rising adoption of cloud-based disaster recovery services (also formally referred to disaster recovery as-a-service or DRaaS) has transformed the market and has significantly resulted in the replacement of traditional DR systems with the former.
The drastic change in the growth dynamics of the traditional DR market has compelled many leading players…
