Disaster Recovery as a Service (DRaaS) Market exhibiting a CAGR of 27.84% during the period 2022-2027

The global disaster recovery as a service market will reach US$22.8 billion by 2027, growing at a CAGR of 27.84% during the period 2022-2027.

SHERIDAN, WYOMING, USA, July 29, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Disaster Recovery as a Service (DRaaS) Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, the global disaster recovery as a service market reached a value of US$5.2 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$22.8 billion by 2027, posting a CAGR of 27. 84% in 2022-2027.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Disaster Recovery as a Service, also known as DRaaS, represents a third-party cloud computing and backup service model that recovers and replicates virtual servers and data centers in the event of a natural or man-made disaster. Backup is typically performed on a cloud, public, virtual private cloud (VPC), or hybrid environment to secure the organization’s sensitive information. Disaster Recovery as a Service provides complete control and support over the network during outages and ensures business continuity by minimizing downtime and interruptions. Therefore, it finds wide applications in various industries, such as healthcare, manufacturing, banking, financial services and insurance (BFSI), information technology (IT), telecommunications, etc.

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Market trends

The widespread adoption of cloud-based services and the emerging trend of digitalization are majorly driving the disaster recovery-as-a-service market. Additionally, the growing use of DRaaS solutions that eliminate the need for a secondary recovery site and provide faster data recovery with minimal complexities is further catalyzing the growth of the market. Additionally, the growing demand for disaster recovery as a service to test and execute an effective recovery plan acts as another significant growth driver. Moreover, rising prevalence of cyber attacks and extensive R&D activities are also positively influencing the global market. Apart from this, numerous technological advancements such as the introduction of virtual machine inventory, intelligent data replication and automated testing are expected to fuel the disaster recovery as a service market during the forecast period.

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List of key companies covered in this market report:

Amazon Web Services
Bluelock LLC
C&W Business Ltd
Geminare Incorporated
IBM Corporation
iLand Internet Solutions Corporation
Infrascale Inc.
Microsoft Corporation
Recovery Point Systems Inc.
Sungard LP Availability Services
TierPoint LLC

The report has segmented the market based on service type, service provider, deployment model, end user, and geography.

Breakdown by type of service:

Backup and recovery services
Real-Time Replication Services
Data protection services
Professional services
Training, education and consulting services
Support and maintenance services

Breakdown by service provider:

Cloud service providers
Managed Service Providers
Telecommunications and communication service providers

Breakdown by deployment model:

public cloud
Private cloud
hybrid cloud

Breakdown by end user:

Large companies
Small and medium-sized enterprises (SMEs)

Vertical distribution:

Health care

Geographical distribution :

North America (USA and Canada)
Europe (Germany, UK, France, Italy, Spain, Russia and others)
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
Latin America (Brazil, Mexico)
Middle East and Africa

Main highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us

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