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Global Disaster Recovery as a Service (DRaaS) Market Size is expected to experience a CAGR of 6.8% through 2024 - 2031, according to industry projections.

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The "Disaster Recovery as a Service (DRaaS) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Disaster Recovery as a Service (DRaaS) market is expected to grow annually by 6.8% (CAGR 2024 - 2031).

This entire report is of 129 pages.

Disaster Recovery as a Service (DRaaS) Introduction and its Market Analysis

Disaster Recovery as a Service (DRaaS) is a cloud-based solution that provides organizations with the ability to recover and restore data in the event of a disaster. The DRaaS market is experiencing rapid growth due to increasing awareness of the importance of disaster recovery planning, as well as the rise in cyber-attacks and natural disasters. Major factors driving revenue growth in the DRaaS market include the need for data protection, compliance requirements, and cost-effectiveness. Companies such as IBM, Microsoft, and Amazon Web Services are key players in the market, offering a range of DRaaS solutions to meet diverse needs. The report's main findings highlight the increasing adoption of DRaaS solutions across industries and recommend that organizations prioritize investing in robust disaster recovery strategies to mitigate risks.

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Disaster Recovery as a Service (DRaaS) market is witnessing significant growth in various cloud segments - Private Cloud, Public Cloud, and Hybrid Cloud. The market is also diversified across different industries such as BFSI, Consumer Goods and Retail, Government and Public Sector, IT and Telecom, Media and Entertainment, Manufacturing and Logistics, Healthcare and Life Sciences, and others.

Regulatory and legal factors play a crucial role in shaping the market conditions for DRaaS. Data protection laws, compliance regulations, and industry standards impact the adoption of DRaaS solutions. Organizations need to ensure their DRaaS providers comply with these regulations to avoid legal consequences and protect sensitive data.

As the demand for DRaaS continues to rise, market players are focusing on increasing their capabilities and offerings to cater to diverse industry needs. With the ongoing digital transformation and cyber threats, DRaaS has become a vital component for business resilience. Understanding the regulatory and legal factors specific to different market conditions is essential for organizations to make informed decisions and mitigate risks associated with disaster recovery.

Top Featured Companies Dominating the Global Disaster Recovery as a Service (DRaaS) Market

The Disaster Recovery as a Service (DRaaS) market is highly competitive, with key players such as IBM, Microsoft, SunGard Availability Services, VMware Inc., Cable & Wireless Communications, Amazon Web Services, Iland, Tierpoint, Infrascale, Bluelock, Recovery Point, NTT Communications, Acronis, Geminare, Zetta, Inc., Asigra, Veritas, and Quorum competing for market share.

These companies offer a range of DRaaS solutions that provide organizations with the ability to recover their system and data in the event of a disaster. They use a combination of cloud computing, data replication, and virtualization technologies to offer scalable and cost-effective disaster recovery solutions.

IBM, Microsoft, SunGard Availability Services, VMware Inc., and Amazon Web Services are some of the key players in the DRaaS market, with a significant market presence and a wide range of offerings. These companies help to grow the DRaaS market by providing reliable and efficient disaster recovery solutions to organizations of all sizes.

In terms of sales revenue, IBM reported a quarterly revenue of $ billion, Microsoft reported a quarterly revenue of $41.7 billion, and Amazon Web Services reported a quarterly revenue of $45.3 billion.

Overall, the DRaaS market is expected to continue to grow as organizations increasingly prioritize disaster recovery and business continuity planning. Companies in the space are constantly innovating and expanding their offerings to meet the evolving needs of their customers, driving further growth in the market.

  • IBM
  • Microsoft
  • SunGard Availability Services
  • VMware Inc.
  • Cable & Wireless Communications
  • Amazon Web Services
  • Iland
  • Tierpoint
  • Infrascale
  • Bluelock
  • Recovery Point
  • NTT Communications
  • Acronis
  • Geminare
  • Zetta, Inc.
  • Asigra
  • Veritas
  • Quorum

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Disaster Recovery as a Service (DRaaS) Market Analysis, by Type:

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

Disaster Recovery as a Service (DRaaS) is offered in three main types: Private Cloud, Public Cloud, and Hybrid Cloud. Private Cloud offers dedicated resources for Disaster Recovery, while Public Cloud utilizes shared resources for cost efficiency. Hybrid Cloud combines both private and public resources for a more flexible and reliable solution. These different types cater to a wide range of organizations with varying needs and budgets, which boosts the demand for DRaaS in the market. This variety allows businesses to choose the best fit for their specific requirements, ultimately increasing the adoption of DRaaS services.

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Disaster Recovery as a Service (DRaaS) Market Analysis, by Application:

  • BFSI
  • Consumer Goods and Retail
  • Government and Public Sector
  • IT and Telecom
  • Media and Entertainment
  • Manufacturing and Logistics
  • Healthcare and Life Sciences
  • Others

Disaster Recovery as a Service (DRaaS) is used in various industries such as BFSI, Consumer Goods and Retail, Government and Public Sector, IT and Telecom, Media and Entertainment, Manufacturing and Logistics, Healthcare and Life Sciences, and others to ensure business continuity in the event of a disaster. It helps organizations quickly recover their IT systems and data to minimize downtime and loss of critical information. The fastest growing application segment in terms of revenue is the healthcare and life sciences industry, as they need to protect sensitive patient data and ensure uninterrupted access to critical medical systems.

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Disaster Recovery as a Service (DRaaS) Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The Disaster Recovery as a Service (DRaaS) market is witnessing significant growth globally, with North America leading the market, specifically in the United States and Canada. Europe, particularly countries like Germany, France, ., and Italy, is also experiencing steady growth. In the Asia-Pacific region, countries such as China, Japan, South Korea, India, and Australia are expected to dominate the market in the coming years. Latin America, Middle East, and Africa are also showing potential for growth, with countries like Mexico, Brazil, Saudi Arabia, and UAE leading the way. Overall, North America is expected to hold the largest market share at around 35%, followed by Europe at 25%, Asia-Pacific at 20%, and Latin America, Middle East, and Africa at 10% each.

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