Global Disaster Recovery as a Service (DRaaS) Market is Estimated to Reach $36.7 Billion By 2026, Says Accurize Market Research


Global Disaster Recovery as a Service (DRaaS) Market is Estimated to Reach $36.7 Billion By 2026, Says Accurize Market Research

Global Disaster Recovery as a Service Market Report, published by Accurize Market Research, forecast that the global market is expected to reach $36.7 Billion by 2026, growing at a CAGR of 34.6% from 2019 to 2026. North America dominated the global disaster recovery as a service market with around one-third of the global market share in 2018, and anticipated to hold the major market share till 2026. In terms of growth, Asia-Pacific is anticipated to attain the fastest compound annual growth rate (CAGR) during 2019 – 2026.

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Market Introduction and Market Dynamics

DRaaS functions as a cloud computing and backup service model and provide an organization a complete system backup. DRaaS solutions offer full control and support during manual and automatic failure with improved security and visibility of networks and servers with real-time activity. Legislation of stringent disaster recovery regulations and growing adoption of cloud-based services is fueling the market for DRaaS. Moreover, growth in IT sector with surge in demand for commoditized IT services has also supported the market growth. Still, high network bandwidth requirements and lack of security may limit the market growth in the coming years. Furthermore, improved manageability and protection and growing awareness towards virtualization technologies and rising trend of managed services is expected to open attractive business opportunities for the market in the future years. Additionally, untapped market in emerging economies, and growing application would provide several growth opportunities in forecasted years.

Market Segmentation and Crisp Analysis

The global disaster recovery as a service market has been segmented into service type, application, service providers, cloud type, deployment model, and company size. By service type, the market is categorized into data security, real time protection, backup, and professional services. The application segment included government, IT & telecom, media & entertainment, education, retail and e-commerce, manufacturing & logistics, BFSI, and others. The service providers segment includes cloud service provider (CSP), telecom & communication service provider, and managed service provider (MSP). By cloud type, the market is segmented into public cloud, private cloud, and hybrid cloud. The deployment model segment is further divided into in cloud DRaaS, to cloud DRaaS, and from cloud DRaaS. By company size segment, the market is bifurcated into small companies, mid-sized companies, and large companies.

Regional Segmentation and Crisp Analysis

The global DRaaS market has been segmented by geography into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, Italy, France, Germany, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the world covers South America, Middle East and Africa. Among various geographical regions, North America dominated the global disaster recovery as a service market accounting for the largest market share of around 34% in 2018, and projected to continue its dominance during the forecast period 2019 – 2026. The deployment of DRaaS by public and government sectors in countries such as the U.S. will be fueling the market for DRaaS in North America. Europe generated the second highest revenue share, driven by technological advancement and growing deployment of DRaaS across various application areas, in UL, Germany and other countries. The region accounted for round one-third of the global market revenue in the year 2018. In terms of growth, Asia-Pacific is expected to attain the fastest CAGR during the forecast period 2019-2026.

Manufacturers Competitive Analysis

The disaster recovery as a services market is moderately competitive as the market consists of several dominant players who are using economies of scale to gain competition and increase their global market share. The top players are operating in the market are frequently investing on research & development and are planning to increase their presence in the untapped emerging economies. The few dominant players’ accounts for the majority of the market share. Major companies operating in the global DRaaS market are Cisco Systems, Inc., Symantec Corporation, IBM Corp., VMWare, Inc., HP Enterprises Company, Amazon Web Services, Microsoft Corporation, SunGard Availability Services, NTT Communications Corporation, and TierPoint, LLC, among others.

Scope of the Report

The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including: revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide better understanding of the market competition.

Research Methodology

Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic across several industry verticals. AMR has developed advanced analyst tools and data models to enhance and augment the analysis process. Corresponding to markets, where there is momentous lack of information and estimates, AMR’s team of experts and analyst practice specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to inspect the prospects and opportunities existing in the market to achieve specific forecast of the market.

The Key Opinion Leaders (KOLs) of the respective industry are interviewed and their insights are matched with our findings and database we have and thus we validate our estimates, forecast and provide you the analysis. We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Also, we have top five global knowledge partners such as Bloomberg, S&P Global, and Dow Jones, among others for ultimate data validation, prepared by our research team.

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