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Increasing Cybersecurity Threats Driving Growth In The Market With Rising Demand For Advanced Protection Solutions And Risk Management Tools: A Key Driver Powering Disaster Recovery Solutions Market Growth In 2025
Disaster Recovery Solutions
What Is the Current Disaster Recovery Solutions Market Size and Its Estimated Growth Rate?
The market size for disaster recovery solutions has seen a dramatic increase in recent years. It is anticipated to escalate from $17.88 billion in 2024 to $23.55 billion in 2025, with a compound annual growth rate (CAGR) of 31.7%. Factors contributing to this growth during the historical period include enhanced data reliance, escalating cybersecurity threats, adoption of cloud computing, the occurrence of natural disasters and climate change, and an increase in cyber threat incidents.In the upcoming years, the disaster recovery solutions market is anticipated to experience significant growth, surging to a whopping $70.03 billion in 2029 with a compound annual growth rate (CAGR) of 31.3%. The increase over the forecasted period is spurred by factors such as the rise of hybrid IT environments, increased need for business continuity, infusion of AI, and automation, proliferation of remote work schemes, emphasis on sustainability in the field of IT, digital transformation and the growth in data volumes. Major anticipated trends during the forecast period comprise technological innovations, the integration of artificial intelligence and machine learning, automation, adoption of cloud-based solutions, and a shift towards cloud computing.
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How Are Emerging Segments Shaping the Disaster Recovery Solutions Market Landscape?
The disaster recovery solutions market covered in this report is segmented -
1) By Service Type: Backup And Recovery, Data Security, Replication, Professional Service
2) By Deployment: Hybrid Cloud, Public Cloud, Private Cloud
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprise
4) By End-use: Banking, Financial Services and Insurance (BFSI), Government And Public Sector, HealTH*Care, Information Technology (IT) And Telecommunication, Manufacturing, Retail, Other End-Users
Subsegments:
1) By Backup And Recovery: Cloud Backup, On-Premises Backup, Hybrid Backup
2) By Data Security: Encryption Services, Identity And Access Management (IAM), Threat Detection and Prevention
3) By Replication: Real-Time Data Replication, Storage-Based Replication, Network-Based Replication
4) By Professional Service: Disaster Recovery Planning And Consulting, Managed Disaster Recovery Services, Testing And Compliance Services
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Which Growth Factors Are Influencing Disaster Recovery Solutions Market Expansion?
The escalation in cybersecurity threats is predicted to fuel the expansion of the disaster recovery solutions market in the future. The term cybersecurity threats includes the dangers related to unauthorized entry, data breaches, as well as malware and ransomware attacks on digital systems. The rise in these threats is linked to factors such as growing digitalization, the spread of connected devices, and the increased complexity of cyber-attack techniques. Disaster recovery solutions mitigate these cybersecurity threats by guaranteeing speedy restoration of key systems and data after a breach, cyberattack or system failure, thus reducing downtime, avoiding data loss, and ensuring business continuity while providing protection against additional security risks. For example, according to October 2024 data from Cybersecurity Ventures, a US-based cybersecurity data researcher and publisher, the cost of cybercrime hit $8 trillion in 2023, equivalent to over $250,000 per second. This cost is forecasted to increase to $10.5 trillion annually by 2025. As a result, the escalation in cybersecurity threats is propelling the growth of the disaster recovery solutions market.
Who Are the Dominant Players Across Different Disaster Recovery Solutions Market Segments?
Major companies operating in the disaster recovery solutions market are Microsoft Corporation, Hewlett Packard Corp., Cisco Systems Inc., Amazon Web Services Inc., IBM Corporation, Veeam Software, Daisy Group, Commvault Systems Inc., Acxiom LLC, Rubrik Inc., Acronis International GmbH, TierPoint LLC., 11:11 Systems Inc., Unitrends Inc., Evault Inc., Carpathia Hosting LLC, Recovery Point Systems Inc., SunGard Availability Services, Bluelock LLC, Infrascale Inc.
What Are the Latest Developing Trends in the Disaster Recovery Solutions Market?
Leading firms in the disaster recovery solutions market are concentrating on the creation of automated disaster recovery solutions to enhance speedy, more robust, and secure alternatives for disaster recovery. An automated disaster recovery system is one that employs automated procedures to swiftly recover IT systems and data following a disaster or cyberattack, thereby decreasing downtime and the need for manual interference. For example, in November 2022, Protera, an American enterprise cloud service provider, introduced its Automated Disaster Recovery Solution. This service is designed to assist businesses transition from conventional recovery plans to dynamic, real-world testing. The solution provides companies the ability to consistently test, verify, and confirm that their operations can effectively deal with cyber-attacks and recommence activities with minimal disturbance. The strategy used for project delivery is sprint-based, consisting of stages like discovery and scoping, extensive planning, execution, and testing.
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Which Geographic Regions Are Expected to Dominate the Disaster Recovery Solutions Market in the Coming Years?
North America was the largest region in the disaster recovery solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disaster recovery solutions 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 Solutions Market?
2. What is the CAGR expected in the Disaster Recovery Solutions Market?
3. What Are the Key Innovations Transforming the Disaster Recovery Solutions Industry?
4. Which Region Is Leading the Disaster Recovery Solutions Market?
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