Business Description
Global Disaster Recovery as a Service Market is expected to reach US$ 12.53 Bn by 2026 at a CAGR of 41.5%during the forecast period. Disaster recovery services play an important role in today's businesses, as they are steered and highly dependent on the environment. There are several advantages to cloud-based disaster recovery solutions, of which, the most important is the inherent benefit of cost-effectiveness and flexibility.
Cloud-based disaster recovery is responsible for faster data recovery and attains the recovery goals of the company. The system helps in storing and gathering all the data relevant to the company. Thus, it helps and creates a necessity for IT-dependent industries to keep pace with advances in the disaster recovery technology. The cloud-based storage method is expected to increase the outsourcing of recovery service and attract business firms during the forecast period.
Compatibility concern of certain applications in the cloud environment and issue of inadequate site separation between primary and backup site may restrain the growth of disaster recovery as a service market. Increase in the adoption rate of cloud-based solutions among Small and Medium-sized Enterprises (SMEs) and increased flexibility and automation capabilities are the major driving factors expected to propel the disaster recovery as a service market around the world.
Disaster Recovery as a Service Market
Disaster recovery as a service market is segmented by service type, service provider, deployment model, organization size, vertical, and region. Among service type, the backup and recovery service segment is expected to have the largest market share during the forecast period, as the segment provides automated, cost-effective, reliable, scalable, and secure solutions to enterprises and ensures business continuity in the event of a disaster. The professional service segment is expected to reach at the highest CAGR during the forecast period, as these services provide enterprises with education, training, and consulting, maintenance and support services depending upon business requirements.
The cloud service providers segment is expected to have the largest market share during the forecast period, whereas the managed service providers (MSPs) segment is expected to grow at the fastest rate during the forecast period, as it offers disaster services to help organizations offload the burden data security and data protection, and ensure business continuity in the event of a disaster. They offer to monitor of IT infrastructure of the end-user and remote management under a subscription model.
While using the deployment model, the public cloud deployment model is estimated to hold the largest market share during the forecast period, owing to greater efficiency and lower cost. The enterprises, which are implementing DRaaS, are increasingly inclined toward deploying cloud-based services to manage and store their business-critical data.
The region segment is divided into North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. North America is estimated to have the largest market share during the forecast period, whereas the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. An increasing need for shifting of workload to the cloud environment and data management services are driving the demand for DR services globally.
Some of the key players in the disaster recovery as a service market are IBM Corporation, SunGard Availability Services, Microsoft Corporation, iland Internet Solutions, Infrascale, Inc., Bluelock, LLC etc.
Scope of the Global Disaster Recovery as a Service Market
Global Disaster Recovery as a Service Market by Service Provider
• Cloud Service Providers
• Managed Service Providers
• Telecom and Communication Service Providers
• Others
Global Disaster Recovery as a Service Market by Service Type
• Backup and Recovery
• Real-time Replication
• Data Protection
• Professional Services
o Training, Education, and Consulting
o Support and Maintenance
Global Disaster Recovery as a Service Market by Deployment Model
• Public Cloud
• Private Cloud
• Hybrid Cloud
Global Disaster Recovery as a Service Market by Organization Size
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)
Global Disaster Recovery as a Service Market by Vertical
• BFSI
• Consumer Goods and Retail
• Government and Public Sector
• Healthcare and Life Sciences
• Manufacturing
• Media and Entertainment
• Telecommunication and ITES
• Others
Global Disaster Recovery as a Service Market by Region
• North America
• Europe
• Asia Pacific(APAC)
• Middle East and Africa (MEA)
• Latin America
Key Players of Global Disaster Recovery as a Service Market
• Amazon Web Services
• Cable & Wireless Communications Limited
• IBM Corporation
• SunGard Availability Services
• Microsoft Corporation
• iland Internet Solutions
• Infrascale, Inc.
• Bluelock, LLC
• Recovery Point Systems
• Acronis International GmbH
• TierPoint, LLC
• Geminare Incorporated
About Company Information-
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