Disaster Recovery-as-a-Service Market Size to Hit $60.4 Billion by 2031 | Growth at 23.9% CAGR

According to a new report published Disaster Recovery-as-a-Service Market Size, Share, Competitive Landscape and Trend Analysis Report, by Operating Model (Managed DRaaS, Assisted DRaaS, Self-Service DRaaS), by Service Type (Real-time Replication, Backup & Restore, Data Protection, Others), by Deployment Mode (Public Cloud, Private Cloud), by Organization Size (Large Enterprise, Small & Medium-Sized Enterprises), by End-use Industry (Banking, Financial Services, and Insurance (BFSI), IT & Telecommunication, Government & Public Sector, Healthcare, Retail & Consumer Goods, Media & Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021 - 2031, The global disaster recovery-as-a-service market was valued at USD 6.5 billion in 2021, and is projected to reach USD 60.4 billion by 2031, growing at a CAGR of 23.9% from 2022 to 2031.

Disaster Recovery-as-a-Service (DRaaS) is a cloud-based service model that enables organizations to back up their data, applications, and IT infrastructure to a third-party environment and restore them quickly after a disruption. Instead of building and maintaining a dedicated secondary data center, enterprises use DRaaS to replicate critical systems to the cloud, ensuring business continuity during cyberattacks, natural disasters, power outages, or human error. The model combines backup, replication, orchestration, and testing capabilities into a managed or self-service offering.

The DRaaS market has grown rapidly as digital transformation increases dependence on always-on IT systems. As workloads move to hybrid and multi-cloud environments, companies seek recovery solutions that are scalable, automated, and cost-effective. DRaaS aligns well with these needs by converting large capital expenditures into operational spending and by providing geographically distributed recovery options with minimal in-house management.

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Market Dynamics
A primary growth driver is the rising frequency and sophistication of cyber threats, especially ransomware. Organizations are prioritizing resilient recovery strategies that can restore clean copies of data and systems without paying ransoms. DRaaS providers increasingly bundle cyber-recovery features such as immutable backups, air-gapped storage, and rapid failover to address this demand.

Regulatory and compliance pressures also fuel adoption. Industries like BFSI, healthcare, and government must meet strict requirements for data protection and uptime. DRaaS helps satisfy recovery time objectives (RTOs) and recovery point objectives (RPOs) while offering audit trails and testing reports that support compliance frameworks.

Cost efficiency and flexibility are additional drivers. Traditional disaster recovery setups require duplicate infrastructure and dedicated facilities, which are expensive and underutilized. DRaaS offers pay-as-you-go pricing and elastic capacity, allowing organizations to scale protection in line with business growth and seasonal needs.

However, concerns around data sovereignty, latency, and vendor lock-in can restrain the market. Some enterprises remain cautious about storing sensitive data in third-party clouds or replicating across borders. Providers are responding with localized data centers, encryption, and clearer service-level agreements (SLAs).

Another dynamic is the integration of automation and orchestration. Modern DRaaS solutions emphasize automated runbooks, non-disruptive testing, and one-click failover/failback. This reduces human error and speeds recovery, making DRaaS attractive even for mid-sized organizations with limited IT staff.

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Segment Overview
The DRaaS market is commonly segmented by service type (managed DRaaS vs. self-service DRaaS), deployment model (public cloud, private cloud, hybrid cloud), organization size (SMEs vs. large enterprises), and industry vertical (BFSI, IT & telecom, healthcare, retail, manufacturing, government). Managed DRaaS holds strong appeal for firms lacking specialized expertise, while hybrid deployments are popular among enterprises balancing cloud benefits with on-premises control.

Regional Analysis
North America held the largest share of the market in 2021, while the Asia-Pacific region is projected to register the fastest growth over the forecast period. North America's strong position is largely driven by substantial investments and continuous technological progress in disaster recovery solutions. Moreover, the rising need to protect critical data across industries such as BFSI, government, and healthcare has significantly fueled the demand for and adoption of Disaster Recovery-as-a-Service (DRaaS) in recent years.

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Competitive Analysis
The key players profiled in the disaster recovery-as-a-service market report include IBM Corporation, Axcient, Sunguard, Amazon Web Services, Inc., Cable & Wireless Communications Limited., TierPoint, LLC., Microsoft Corporation, VMware Inc., NTT Communications Corporation, and Rackspace Technology.

Key Findings of the Study
• Based on operating model, the managed DRaaS sub-segment emerged as the global leader in 2021 and it is also anticipated to be the fastest-growing sub-segment during the forecast period.
• Based on service type, the real-time replication sub-segment emerged as the global leader in 2021, and the backup & restore sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on deployment mode, the public cloud sub-segment emerged as the global leader in 2021, and the private cloud sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on organization size, the large enterprise sub-segment emerged as the global leader in 2021, and small & medium-sized enterprises sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on end-use industry, the banking, financial services, and insurance (BFSI) sub-segment emerged as the global leader in 2021 and is also predicted to show the fastest growth in the upcoming years.

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