Disaster Recovery as a service (DRaaS) Market Share, Trends, Growth, Major Key Players Analysis And Forecast To 2033

Overview and Scope

Disaster Recovery as a Service (DRaaS) is a service model based on cloud computing that enables an organizations to back up their data and IT infrastructure to a third-party cloud environment and provide all DR orchestration through a SaaS solution to regain access and functionality of IT infrastructure after a disaster.

Sizing and Forecast

The disaster recovery as a service (draas) market size has grown exponentially in recent years. It will grow from $9.6 billion in 2023 to $12.23 billion in 2024 at a compound annual growth rate (CAGR) of 27.4%.  The  growth in the historic period can be attributed to increased data dependency, scalability demands, increase in data vulnerabilities, complexity of it infrastructure, rise in cyber threats.

The disaster recovery as a service (draas) market size is expected to see exponential growth in the next few years. It will grow to $33.48 billion in 2028 at a compound annual growth rate (CAGR) of 28.6%.  The growth in the forecast period can be attributed to ai and machine learning integration, continuous data protection (cdp), edge computing resilience, ransomware mitigation solutions, multi-cloud and interoperability. Major trends in the forecast period include cost optimization and scalability, resilience against natural disasters, automation and orchestration, real-time recovery expectations, shift to remote work.

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Segmentation & Regional Insights

The disaster recovery as a service (draas) market covered in this report is segmented –
1) By Service Type: Backup & Recovery, Real-Time Replication, Data Protection

2) By Size of Enterprise: Large Enterprises, Small & Medium Enterprises

3) By Application: Banking, Financial services and insurance (BFSI), Government, IT and Telecom, Media And Entertainment, Manufacturing And Logistics, Education
Sub-Segments

1)  By Cloud Type: Public, Private, Hybrid

2) By Deployment Model: Premises-to-Cloud, Cloud-to-Cloud

The Asia-Pacific was the largest region in the disaster recovery as a service (DRaaS) industry in 2023. Asia-Pacific is expected to be the fastest-growing region in the global disaster recovery as a service (draas) market analysis report during the forecast period. The regions covered in the disaster recovery as a service (draas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rise in need for backing up public and private data drives the growth of the disaster recovery as a service (DRaaS) market. There is 2.5 quintillion bytes of data created every day and a major factor contributing to the loss of this data is unplanned downtime of systems which further results in the shutdown of various companies. The potential losses and damage due to the system downtimes are huge and hence there is a need for backup services. These backup services would ensure companies of any unforeseen disasters and hence drive the growth of the disaster recovery as a service (DRaaS) market. For instance, according to invenio IT study, less than 10% of the companies survive a disaster without a disaster recovery plan. These companies include not only small players in the market but also major players such as FedEx and Nissan, who require backup services for their survival.

Key Industry Players

Major companies operating in the disaster recovery as a service (draas) market report are Amazon.com Inc., Microsoft Corporation, Verizon Communications Inc., NTT Communications Corporation, Dell Inc., The International Business Machines Corporation, Cisco Systems Inc., The Hewlett Packard Enterprise Company, VMWare Inc., Geminare Incorporated, Windstream Holdings II LLC, Symantec Corporation, Cable& Wireless Communications Limited, Sun Gard Availability Services, Commvault, Datto Inc., TierPoint LLC, Acronis International GmbH, 11:11 Systems Inc., Node Africa, Evolve IP LLC, Insight Partners, Axcient, Infrascale Inc., Recovery Point Systems Inc., Treo Information Technologies, Disaster Recovery South Africa PTY.  Ltd., Bluelock, Quorum Business Solutions Inc, Cloud Software Group Inc.

The disaster recovery as a service (draas) market report table of contents includes:
1. Executive Summary

2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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