Press release
Global Disaster Recovery Software Market to Reach 24.56 Billion by 2029, Growing at 17.5% CAGR
Data Center Automation Software And Services Market
The disaster recovery software market is projected to grow from $10.93 billion in 2024 to $12.88 billion in 2025, at a CAGR of 17.8%. Growth drivers include data breaches, reliance on digital infrastructure, natural disasters, regulatory compliance, and business continuity planning.
The disaster recovery software market is set to grow rapidly, reaching $24.56 billion by 2029 at a CAGR of 17.5%. Key drivers include the rise in cloud adoption, cybersecurity threats, and regulatory data protection requirements. Key trends will include AI-driven automation, a focus on data resilience, integrated backup solutions, and the expansion of disaster recovery as a service (DRaaS).
What Factors Are Fueling Growth in the Disaster Recovery Software Market?
The rise in concern for data security is expected to drive the growth of the disaster recovery software market. As businesses experience more cyberattacks and data breaches, disaster recovery software is crucial for ensuring data security by facilitating quick restoration of critical information. In the UK, cybercrime incidents increased, affecting 11% of businesses and 8% of charities in 2022, highlighting the growing demand for disaster recovery solutions to mitigate the impact of such incidents.
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Which Leading Companies Are Shaping the Growth of the Disaster Recovery Software Market?
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
What Are the Key Segments of the Disaster Recovery Software Market?
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
Subsegments:
1) By On-Premise: On-Premise Software, On-Premise Hardware
2) By Cloud: Public Cloud, Private Cloud, Hybrid Cloud
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Which Region Dominates the Disaster Recovery Software Market?
North America was the largest region in the disaster recovery software market in 2024. 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.
What Is Covered In The Disaster Recovery Software Global Market Report?
- Market Size Analysis: Analyze the Disaster Recovery Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Disaster Recovery Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Disaster Recovery Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Disaster Recovery Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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