Disaster Recovery as a Service Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

The global disaster recovery as a service market is anticipated to grow at a considerable CAGR of 44.8% during the forecast period. The major factor driving the growth of the global disaster recovery as a service (DRaaS) market during the forecast period is the increasing cloud misconfigurations and the increasing adoption of cloud-based solutions across the globe. According to CheckPoint report 2020, there was a threat of 68% configuration error in the cloud platform which was followed by 58% of unauthorized cloud access and 52% unsecured interfaces as well as 50% account theft. Furthermore, as per the NETSCOUT Threat Intelligence report, in 2020, DDoS attacks became more prevalent with 4.83 million attacks in the first half of the year.

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Moreover, the growing emergence of AI and ML in DRaaS solutions is boosting the growth of the market. Software solution vendors are investigating the development of innovative solutions backed up by cutting-edge technologies such as Artificial Intelligence (AI) and Machine Learning (ML). Additionally, the adoption of AI has increased, and incorporating AI in DRaaS can provide several benefits in protecting and recovering data. For instance, in April 2022, Virtuozzo announced that Joe's Datacenter uses Virtuozzo's Cloud Platform to deliver Disaster Recovery as a Service (DRaaS) in its cloud environment. Hosting DRaaS on its proprietary infrastructure enables the service provider to maintain control of the disaster recovery journey while leveraging its infrastructure management expertise. Deploying Joe's Acronis DRaaS using Virtuozzo's on-premise cloud infrastructure, simplifies integration and optimizes the performance of both companies' technologies, which in turn increased profitability for managed service providers (MSPs) and simpler, fully protected cloud capabilities for business customers.

Global Disaster Recovery as a Service Market Report Segment

By Deployment Model

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Organization Size

• Large Enterprises
• Small And Medium Enterprises

By Verticals

• BFSI
• Government and Public Sector
• Media and Entertainment
• Telecommunication and IT
• Manufacturing
• Retail
• Healthcare
• Others

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Disaster Recovery as a Service Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Amazon Web Services, Inc.
• Axcient, Inc.
• Bluelock, LLC
• Broadcom Inc. (CA Technologies)
• Cisco Systems Inc.
• C&W Business
• Hewlett Packard Enterprise Co.
• Iland Internet Solutions
• IBM Corp.
• Microsoft Corp.
• Nexica
• NTT Communication Corp.

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