Global Disaster Recovery as a Service (DRaaS) Market is estimated to reach $36.7 Billion by 2026; growing at a CAGR of 34.6% from 2019 to 2026. DRaaS is the replication of virtual servers by a third-party to protect resources and data from disruption, and offer total system backup during system failure. The popularity of DRaaS has increased across various industries such as government, BFSI, retail, IT and telecom, and media & entertainment, among others. Growth in the industrial sector poses an increased disaster recovery as a service market trends.
The rise in preference for commoditized IT services and legislation of stringent disaster recovery regulations are the major factors fueling market growth. In addition, a rise in the adoption of cloud-based services is also driving disaster recovery as a service market. High network bandwidth requirements and lack of security may is acting as a restraint for the market. Furthermore, rising trends of managed services among enterprises and growing awareness towards virtualization technologies is expected to generate new opportunities for the DRaaS market.
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.
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, the Middle East, and Africa.
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. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
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.
Major companies operating in the global DRaaS market are Symantec Corporation, IBM Corp., Amazon Web Services, VMWare, Inc., HP Enterprises Company, Cisco Systems, Inc., Microsoft Corporation, SunGard Availability Services, NTT Communications Corporation, and TierPoint, LLC, among others.
The Highlights of the Report
Scope of the Global Disaster Recovery as a Service Market
Service Type Segments
Service Providers Segments
Cloud Type Segments
Deployment Model Segments
Company Size Segments
• North America
• Rest of the World (RoW)
o South America
o Middle East