Disaster Recovery as a Service (DRaaS) Market Size was valued at USD 11.7 Billion in 2023 and is expected to reach USD 76.0 Billion by 2032, growing at a CAGR of 23.1% over the forecast period 2024-2032.
The study goes into great detail about the market's numerous drivers, constraints, and possibilities. The report's primary drivers are discussed, as well as their impact on the industry's growth during the last few years and in the next years. The Disaster Recovery as a Service (DRaaS) Market report offers a thorough examination of market estimates and forecasts. It also supports in the implementation of these results by showcasing real-world benefits to firm stakeholders and industry leaders. Every business has to know how their product will be used in the coming years. With the current state of uncertainty brought on by the COVID-19 scenario, this research is essential for gaining a better knowledge of previous disruptions and boosting readiness for the following steps in decision-making.
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Disaster Recovery as a Service (DRaaS) Market Key Players:
l IBM Corporation (IBM Cloud Disaster Recovery, IBM Resiliency Orchestration)
l Microsoft Corporation (Azure Site Recovery, Microsoft Hyper-V Replica)
l Amazon Web Services (AWS) (AWS Elastic Disaster Recovery, AWS Backup)
l VMware, Inc. (VMware vSphere Replication, VMware Site Recovery Manager)
l Sungard Availability Services (Recover2Cloud, Managed Recovery Program)
l Acronis International GmbH (Acronis Cyber Protect, Acronis Disaster Recovery)
l Zerto (Zerto Virtual Replication, Zerto Cloud Continuity Platform)
l Veeam Software (Veeam Backup & Replication, Veeam Cloud Connect)
l Dell Technologies (Dell EMC RecoverPoint, Dell EMC PowerProtect)
l Cisco Systems, Inc. (Cisco UCS, Cisco HyperFlex)
l Carbonite, Inc. (Carbonite Server Backup, Carbonite Endpoint Backup)
l Arcserve (Arcserve UDP Cloud Direct, Arcserve Continuous Availability)
l Axcient, Inc. (Axcient Fusion, Axcient Replibit)
l Datto, Inc. (Datto SIRIS, Datto ALTO)
l TierPoint (TierPoint Managed Disaster Recovery, TierPoint Cloud to Cloud Recovery)
l iland Internet Solutions (iland Secure DRaaS, iland Secure Cloud Console)
l IBM Resiliency Services (IBM Business Continuity, IBM Cyber Resilience Services)
l Flexential (Flexential DRaaS, Flexential Cloud)
l InterVision (InterVision Disaster Recovery, InterVision Cloud Recovery)
l Expedient (Expedient Push Button DR, Expedient Enterprise Cloud)
l others
The Disaster Recovery as a Service (DRaaS) market is growing rapidly as businesses of all sizes recognize the critical importance of maintaining operational continuity in the face of unforeseen disruptions, such as natural disasters, cyberattacks, and system failures. DRaaS provides cloud-based solutions that enable organizations to back up their data, applications, and infrastructure, ensuring that they can quickly recover and resume operations with minimal downtime.
By giving strategic insights and demonstrating resilience in uncertain scenarios, the most current study tries to clarify the complex market for firm executives. The findings will also aid all possible readers in identifying key roadblocks for industry participants. The report offers forecasts and analyses for the Disaster Recovery as a Service (DRaaS) Market on a worldwide and regional basis. The study includes both historical data and a revenue forecast (USD Million). The study looks at the market's drivers and restraints, as well as how they affect demand over the forecast period. The report also looks at market opportunities on a global and regional level. Furthermore, comprehending the industry's rapidly changing dynamics and making future plans will be aided by substantial development opportunities in the business.
Market Segmentation
The analysis provides a critical perspective on the Disaster Recovery as a Service (DRaaS) Market by segmenting it by type, application, and geography. In terms of revenue contribution, this research will identify the most profitable sub-segments for both the base year and the forecast year. In terms of current and future developments, all market segments have been studied. The fastest-growing sub-segments and their key growth factors are also included in the study.
By Service Type
l Self-service DRaaS
l Assisted DRaaS
l Managed DRaaS
By Deployment
l Public Cloud
l Private Cloud
l Hybrid Cloud
By Enterprise Type
l Large Enterprises
l SMEs
By Application
l Recovery & Backup Services
l Data Protection Services
l Real-time Replication Services
l Professional Services
By End Use
l BFSI
l IT & Telecommunication
l Government & Public Sector
l Retail & Consumer Goods
l Healthcare
l Media & Entertainment
l Others
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Competitive Outlook
A market attractiveness analysis is included in the study, in which all segments are evaluated in terms of market size, growth rate, and overall attractiveness. On a worldwide and regional level, the study covers important market strategic developments such as acquisitions and mergers, new type launches, agreements, partnerships, collaborations and joint ventures, research and development, and geographical growth of leading competitors in the Disaster Recovery as a Service (DRaaS) Market. The goal of this research is to give consumers a comprehensive view of the competitive landscape in the market, as well as an examination of Porter's Five Forces model for the industry.
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