Global Disaster Recovery as a Service (DRaaS) Market Growth (Status and Outlook) 2024-2030

Global Disaster Recovery as a Service (DRaaS) Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Disaster Recovery as a Service (DRaaS) market size was valued at US$ 9496.5 million in 2023. With growing demand in downstream market, the Disaster Recovery as a Service (DRaaS) is forecast to a readjusted size of US$ 11040 million by 2030 with a CAGR of 2.2% during review period.

The research report highlights the growth potential of the global Disaster Recovery as a Service (DRaaS) market. Disaster Recovery as a Service (DRaaS) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Disaster Recovery as a Service (DRaaS). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Disaster Recovery as a Service (DRaaS) market.

Disaster Recovery as a Service (DRaaS) is the replication and hosting of physical or virtual servers by a third-party to provide failover in the event of a man-made or natural catastrophe.

Disaster recovery as a service market is dominated by the North America, and Western Europe region. North America has a wide presence of key disaster recovery as a service providers, as well as U.S. is considered as the high adopter of connected technology. Asia Pacific Excl. Japan as well as Japan region is expected to witness a significant growth in the disaster recovery as a service market. High growth of APEJ is attributed to the growing trend of business automation and the increasing number of cyber-attacks, is leading to high investment on disaster recovery as a service solutions by organizations based in the region. Eastern Europe and Latin America is expected to see a significant growth rate in the disaster recovery as a service market.

Key Features:

The report on Disaster Recovery as a Service (DRaaS) market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Disaster Recovery as a Service (DRaaS) market. It may include historical data, market segmentation by Type (e.g., Private Cloud, Public Cloud), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Disaster Recovery as a Service (DRaaS) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Disaster Recovery as a Service (DRaaS) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Disaster Recovery as a Service (DRaaS) industry. This include advancements in Disaster Recovery as a Service (DRaaS) technology, Disaster Recovery as a Service (DRaaS) new entrants, Disaster Recovery as a Service (DRaaS) new investment, and other innovations that are shaping the future of Disaster Recovery as a Service (DRaaS).

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Disaster Recovery as a Service (DRaaS) market. It includes factors influencing customer ' purchasing decisions, preferences for Disaster Recovery as a Service (DRaaS) product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Disaster Recovery as a Service (DRaaS) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Disaster Recovery as a Service (DRaaS) market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Disaster Recovery as a Service (DRaaS) market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Disaster Recovery as a Service (DRaaS) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Disaster Recovery as a Service (DRaaS) market.

Market Segmentation:

Disaster Recovery as a Service (DRaaS) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Private Cloud
Public Cloud
Hybrid Cloud

Segmentation 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

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.