Disaster Recovery as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global disaster recovery as a service market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2028, exhibiting a growth rate (CAGR) of 27.61% during 2023-2028.
DRaaS refers to a third-party cloud computing and backup service model that replicates and recovers virtual servers and data centers in case of a natural or man-made emergency. The backup is usually made on a public, cloud, virtual private cloud (VPC) or hybrid environment to secure sensitive information of the organization. It offers complete support and control over the network during failures and ensures business continuity by minimizing downtime and disruptions. Owing to these benefits, it finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, manufacturing, information technology (IT) and telecommunication industries.
The emerging trend of digitization, along with the increasing adoption of cloud-based services across industries, is one of the key factors driving the growth of the market. There is widespread utilization of DRaaS solutions that eliminates the need for a secondary recovery site and offers faster data recovery with minimal complexities. Furthermore, increasing awareness regarding cloud-based backup, along with recovery benefits among both small- and medium-sized organizations, is also providing a boost to the market growth. These organizations frequently use DRaaS to test and execute an effective disaster recovery plan. Additionally, several technological advancements, such as the introduction of intelligent data replication, virtual machine inventory and automated testing, are also favoring the market growth. These advancements enable users to be aware of application changes and run automated tests in protected virtual environments. Other factors, including the rising instances of cyber-attacks and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global disaster recovery as a service market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type, service provider, deployment model, end-user and vertical.
Breakup by Service Type:
Backup and Recovery Services
Real-time Replication Services
Data Protection Services
Professional Services
Training, Education, and Consulting Services
Support and Maintenance Services
Breakup by Service Provider:
Cloud Service Providers
Managed Service Providers
Telecom and Communication Service Providers
Others
Breakup by Deployment Model:
Public Cloud
Private Cloud
Hybrid Cloud
Breakup by End-User:
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
Breakup by Vertical:
BFSI
IT
Government
Healthcare
Manufacturing
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Amazon Web Services, Bluelock LLC, C and W Business Ltd, Geminare Incorporated, IBM Corporation, iLand Internet Solutions Corporation, Infrascale Inc., Microsoft Corporation, Recovery Point Systems Inc., Sungard Availability Services LP, TierPoint LLC, etc.
Key Questions Answered in This Report
1. What was the size of the global disaster recovery as a service market in 2022?
2. What is the expected growth rate of the global disaster recovery as a service market during 2023-2028?
3. What are the key factors driving the global disaster recovery as a service market?
4. What has been the impact of COVID-19 on the global disaster recovery as a service market?
5. What is the breakup of the global disaster recovery as a service market based on the service type?
6. What is the breakup of the global disaster recovery as a service market based on the service provider?
7. What is the breakup of the global disaster recovery as a service market based on deployment model?
8. What is the breakup of the global disaster recovery as a service market based on the end user?
9. What is the breakup of the global disaster recovery as a service market based on the vertical?
10. What are the key regions in the global disaster recovery as a service market?
11. Who are the key players/companies in the global disaster recovery as a service market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Disaster Recovery as a Service Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Service Type
- 6.1 Backup and Recovery Services
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Real-time Replication Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Data Protection Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Professional Services
- 6.4.1 Market Trends
- 6.4.2 Major Types
- 6.4.2.1 Training, Education, and Consulting Services
- 6.4.2.2 Support and Maintenance Services
- 6.4.3 Market Forecast
- 7 Market Breakup by Service Provider
- 7.1 Cloud Service Providers
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Managed Service Providers
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Telecom and Communication Service Providers
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 8 Market Breakup by Deployment Model
- 8.1 Public Cloud
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Private Cloud
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Hybrid Cloud
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by End-User
- 9.1 Large Enterprises
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Small and Medium-sized Enterprises (SMEs)
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 10 Market Breakup by Vertical
- 10.1 BFSI
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 IT
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Government
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Healthcare
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Manufacturing
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Others
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Amazon Web Services
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Bluelock LLC
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 C and W Business Ltd.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Geminare Incorporated
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 IBM Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 iLand Internet Solutions Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Infrascale Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Microsoft Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Recovery Point Systems Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Sungard Availability Services LP
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 TierPoint LLC
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook