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Disaster Recovery Software Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Disaster Recovery Software
What Is the Projected Growth of the Disaster Recovery Software Market?
Growth in the market for disaster recovery software has been swift in recent years. Predictions indicate an increase from $10.93 billion in 2024 to $12.88 billion in 2025, representing a Compound Annual Growth Rate (CAGR) of 17.8%. Factors contributing to this surge during the historic period include an increase in data breaches, greater dependence on digital infrastructure, a rise in the occurrence of natural disasters, the need for regulatory compliance, and a focus on business continuity planning.
In the subsequent years, the disaster recovery software market is predicted to experience accelerated growth, reaching a valuation of $24.56 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 17.5%. Key contributors to the growth projected for the period include adoption of cloud technology, increase in cybersecurity risks, implementation of data protection rules, and heightened consciousness about business continuity. Expectations for the period also signify the growing popularity of AI-driven automation, strengthened focus on data resilience and protection, a surge in demand for consolidated backup and recovery solutions, and the proliferation of Disaster Recovery as a Service (DRaaS) offerings.
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What Are the Different Disaster Recovery Software Market 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
Subsegments:
1) By On-Premise: On-Premise Software, On-Premise Hardware
2) By Cloud: Public Cloud, Private Cloud, Hybrid Cloud
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What Are the Primary Drivers Shaping the Disaster Recovery Software Market?
As the concern over data security escalates among corporations, it's anticipated that the disaster recovery software market will correspondingly expand. Data security is the act of safeguarding digital data from unauthorized intervention, revelation, modification, or elimination perpetually. The intensification of data security in organizations can be attributed to the growing amount of sensitive information and increased cognizance of reputational or financial jeopardy brought on by data breaches. Disaster recovery software certifies data security by enabling swift recovery of imperative data during emergencies. For instance, the Department for Science, Innovation, and Technology reported in April 2023 that cybercrime has impacted 11% of businesses and 8% of charities respectively in the past year in the UK, and these statistics have grown to 26% for medium-sized businesses, 37% for large businesses, and 25% for high-income charities. Furthermore, it is approximated that around 2.39 million cybercrime occurrences and nearly 49,000 fraud instances resulting from cybercrime have been reported across all UK businesses in the preceding 12 months. Hence, the escalating concern regarding data security in organizations feeds into the growth of the disaster recovery software market.
Which Companies Are Leading in 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 Major Trends Shaping the Disaster Recovery Software Market?
Major firms in the disaster recovery software industry are dedicating their efforts to produce sophisticated technology solutions, including cloud-based disaster recovery systems, in order to maintain or improve their competitive position in the market. A cloud-based disaster recovery system enhances scalability, heightens data accessibility, and simplifies the process of disaster recovery. It uses cloud computing resources for the purpose of storing, duplicating, and restoring data and applications. Such a system presents multiple benefits compared to conventional disaster recovery methods-including a decrease in costs, improved scalability, and greater flexibility. A case in point, in November 2022, Protera Technologies, an American company specializing in cloud modernization, introduced the Automated Disaster Recovery Framework. This framework aims to help businesses in shifting from static DR plans to dynamic, practical testing methods. The solution that Protera offers simplifies disaster recovery procedures and testing at scale by utilizing cutting-edge technologies like cloud computing. This paves the way for enterprises to constantly evaluate, affirm, and demonstrate the efficacy of their disaster recovery procedures. This is especially important in dealing with cyberattacks and in the process of quickly restoring operations with little to no interference.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Disaster Recovery Software Market?
2. What is the CAGR expected in the Disaster Recovery Software Market?
3. What Are the Key Innovations Transforming the Disaster Recovery Software Industry?
4. Which Region Is Leading the Disaster Recovery Software Market?
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