Disaster Recovery as a Service (DRaaS) Market Size - By Service Model (Backup & Recovery, Real-Time Replication, Data Protection), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size, Industry Vertical & Global Forecast, 2023 -

Disaster Recovery as a Service (DRaaS) Market Size - By Service Model (Backup & Recovery, Real-Time Replication, Data Protection), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size, Industry Vertical & Global Forecast, 2023 - 2032

Disaster Recovery as a Service (DRaaS) Market size is poised to record more than 22% CAGR from 2023-2032 due to the rising integration of automation and orchestration capabilities.

With the higher adoption of automation, the time required to initiate recovery procedures is significantly reduced, further contributing to faster recovery time objectives (RTOs). The robust need for advanced features to help organizations to streamline the recovery process, limit manual intervention, and achieve faster recovery times disasters will contribute to the market growth. To cite an instance, in April 2023, AWS Elastic Disaster Recovery was unveiled to support additional capabilities for simplifying the management of launch settings for source servers.

The overall DRaaS industry is segmented based on service model, deployment model, organization size, industry vertical, and region.

In terms of deployment model, the market valuation from the public cloud segment will record significant expansion through 2032. This is owing to the ability of public cloud deployment systems to offer cost efficiency, scalability, rapid deployment, and secure infrastructure to organizations for enhancing their disaster recovery capabilities whilst focusing on core business functions. The adoption of public cloud DRaaS also helps organizations with continuous innovations, access to latest technologies, and improved features without managing the upgrade processes, further adding to the segment expansion.

With respect to industry vertical, the disaster recovery as a service market size from the healthcare segment will record significant expansion between 2023 and 2032. The growth can be ascribed to the pressing need to safeguard patient data, protect against cyber threats, and maintain continuous operations whilst optimizing resources without interruption. DRaaS also helps to maintain data integrity and availability by ensuring that patient records and critical healthcare information are backed up and quickly restored in case of disasters.

Regionally, Europe DRaaS industry size is expected to exhibit lucrative growth through 2032 due to the rising frequency and sophistication of cyber threats and the growing importance of robust disaster recovery plans. Several DRaaS providers in the region are placing stronger emphasis on cybersecurity measures for protecting data during normal operations and disaster recovery scenarios. The surging emphasis on limiting RTOs and recovery point objectives (RPO) for reduced impact of downtime and data loss during the disasters will also drive the regional market growth.