Disaster Recovery as a Service Market

Growth opportunities in the Disaster Recovery as a Service Market look promising over the next six years. This is mainly due to the escalated functionality of the growing number of small and medium-sized enterprises and higher agility.

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Disaster Recovery as a Service Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The prominent drivers supplementing the growth of the global disaster recovery as a service market are the increasing preference of various firms to emigrate their IT infrastructure to the cloud, contrive IT operations, and business continuance expansion. Also, it provides an organization with full system back-up, which entitles the persistence of business in the event of system failure or downtime. Additionally, computing applications are gaining prominence among organizations owing to which companies are largely investing in IT infrastructure. The improved serviceability of the accelerating number of small and medium-sized enterprises is strengthening the market size. Additionally, it imparts massive adaptability and activeness to the organizations that rely on services for a huge portion of their income. These factors together promote market growth.

Furthermore, the widespread outbreak of the coronavirus pandemic persuaded businesses to acquire the work from home culture to ensure the safety of their employees and to maintain operational effectiveness, which has bolstered the demand for cloud-based solutions. This has supported enterprises to improve their IT infrastructure, and SMEs are seeking options to extend their business continuity to survive in the industry during the lockdown period. All this has together supplemented the disaster recovery as a service market share.

End-Use Industry Segment Drivers

On the basis of the end-use industry, IT & telecommunication is projected to witness a higher CAGR over the forecast period. This is primarily attributed to the growing endorsement of cloud services, which offers SMEs various advantages to protect them from specific disasters. Cloud-based disaster recovery solutions are encountered in several applications, like the inherent benefit of productivity and flexibility. Moreover, it leads to quick recovery of data and achieves the recovery targets, which further propel the market growth.

Disaster Recovery as a Service Market’s leading Manufacturers:

· Acronis International GmbH

· InterVision Systems, LLC

· Amazon Web Services, Inc.

· Recovery Point

· IBM

· Infrascale Inc.

· TierPoint, LLC

· Iland

· VMware, Inc

· Microsoft

Disaster Recovery as a Service Market Segmentation:

Segmentation by Service Type

· Real-Time Replication

· Backup & Restore

· Data Protection

Segmentation by Deployment Model

· Public Cloud

· Private Cloud

Segmentation by End-Use Industry

· BFSI

· IT & Telecommunication

· Government & Public Sector

· Retail & Consumer Goods

· Manufacturing

· Others

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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