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Disaster Recovery as a Service Market Expected to Boom at 27.0% CAGR, Reaching USD 96.60 Billion by 2032

09-16-2024 08:22 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Disaster Recovery as a Service Market

Disaster Recovery as a Service Market

The disaster recovery as a service market size was valued at USD 11.27 billion in 2023. The market is projected to grow to USD 96.60 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 27.0% from 2024 to 2032.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

Disaster Recovery as a Service DRaaS is a service based on cloud technology that enables companies to store their data and IT infrastructure in an external cloud, utilizing a SaaS platform for managing disaster recovery. The main service types in disaster recovery as a service are backup and recovery, real-time replication, and data protection. Disaster recovery as a service makes use of public, private, and hybrid clouds, along with deployment methods such as on-premises to cloud and cloud to cloud.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‹๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/disaster-recover-service-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

โ— With the rise in cyber threats, especially ransomware attacks, organizations are starting to understand the vital importance of strong disaster recovery solutions.
โ— DRaaS solutions offer great flexibility, enabling companies to adjust to fluctuating data volumes and business needs without the need to purchase new infrastructure. This versatility is especially beneficial for businesses facing expansion or changes in seasonal demand.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Because there are so many companies in the market, it is expected to be both competitive and fragmented. Here is the list of the leading companies operating in the disaster recovery as a service market:

โ€ข 11:11 Systems, Inc.
โ€ข Acronis International GmbH
โ€ข Amazon Web Services, Inc.
โ€ข Dell Technologies, Inc
โ€ข IBM Corporation
โ€ข Infrascale, Inc.
โ€ข InterVision Systems, LLC
โ€ข Microsoft Corporation
โ€ข NTT Communications Corporation
โ€ข Recovery Point Systems, Inc.
โ€ข TierPoint, LLC
โ€ข VMware, Inc.
โ€ข Unitrends
โ€ข Zerto

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ฉ๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.polarismarketresearch.com/industry-analysis/disaster-recover-service-market/inquire-before-buying

๐ƒ๐ข๐ฌ๐š๐ฌ๐ญ๐ž๐ซ ๐‘๐ž๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐š๐ฌ ๐š ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข The recovery and backup Services segment accounted for the largest market share in 2023, owing to data resilience, minimized downtime, and comprehensive data protection.
โ€ข The BFSI segment held a significant market share in 2023, mainly due to the greater need for data security and compliance and the ability to offer uninterrupted services.
โ€ข In 2023, the North American region accounted for the largest market and is expected to continue throughout the forecast period, owing to cybersecurity concerns, greater cloud adoption, and mandates for regulatory compliance.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

The research report provides key insights into the regional market distribution. It covers all the current market trends and emerging business opportunities. An examination of the potential revenue sources across various regions and sub-regions has been offered in the research report. Also, the study predicts Disaster Recovery as a Service Market demand at the regional, country, and global levels. Other important factors, such as production capacity, supply and demand ratios, production, and industry growth rates, have been analyzed in the study. What's more, the study provides an analysis of the untapped regions with growth opportunities in the future.

The geographical analysis covers the following key regions:
โ€ข North America (U.S., Canada)
โ€ข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โ€ข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โ€ข Latin America (Brazil, Mexico, Argentina)
โ€ข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/disaster-recover-service-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The disaster recovery as a service market is mainly segmented based on end-use industry, service, deployment, and region. Based on the service analysis, in 2023, the recovery and backup services segment held the largest market share. These services ensure data is safe from cyber threats, hardware failures, and natural disasters. They also decrease the amount of time systems need to be operational by helping to quickly recover vital data and systems, which has a direct impact on productivity and revenue.

Moreover, according to the end-use industry analysis, in 2023, the BFSI segment accounted for a substantial market share. Adhering to regulations is simplified and also matches the increasing trend of remote work. DRaaS is crucial for the risk management and operational performance of the BFSI sector.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

5G Services Market: https://www.polarismarketresearch.com/industry-analysis/5g-services-market

Podcasting Market: https://www.polarismarketresearch.com/industry-analysis/podcasting-market

Media Monitoring Tools Market: https://www.polarismarketresearch.com/industry-analysis/media-monitoring-tools-market

Contact Center Software Market: https://www.polarismarketresearch.com/industry-analysis/contact-center-software-market

Push to Talk Market: https://www.polarismarketresearch.com/industry-analysis/push-to-talk-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
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๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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