Press release
Disaster Recovery Software Market Report - Industry growth, trends, key players, competitive analysis, mergers, and forecast outlook 2033
Disaster Recovery Software Market Report
According to The Business Research Company's, 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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/disaster-recovery-software-global-market-report
Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14905&type=smp
Major Key Players of the Market:
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
Disaster Recovery Software Market 2024 Key Insights:
• 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%.
• Increasing Concern For Data Security Fuels Growth In The Disaster Recovery Software
• Innovative Cloud-Based Disaster Recovery Solutions Revolutionize The Market Landscape
• North America was the largest region in the disaster recovery software market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customize?id=14905&type=smp
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 Report - Industry growth, trends, key players, competitive analysis, mergers, and forecast outlook 2033 here
News-ID: 3694510 • Views: …
More Releases from The Business research company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Disaster
IBN Tech's Business Continuity Disaster Recovery Solutions Provide Advanced Disa …
IBN Technologies delivers advanced business continuity and disaster recovery services designed to minimize downtime, protect critical assets, and ensure operational resilience. With multi-cloud data backup, automated recovery orchestration, and ISO 22301-aligned continuity planning, IBN helps organizations recover swiftly from disruptions while maintaining compliance and business stability.
In a time where data is the key to success, unplanned outages and disruptions may quickly destroy businesses. Business continuity disaster recovery [https://www.ibntech.com/business-continuity-disaster-recovery-services/], or BCDR,…
Disaster Management Apps Market to Witness Huge Growth by 2033| Disaster Alert, …
HTF MI recently introduced Global Disaster Management Apps Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market size (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major Companies in Disaster Management Apps Market are: Everbridge, AtHoc, Rave Mobile Safety, Disaster Alert, FEMA App, Guardian App, Red Cross, AlertMedia,…
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…
