Global Disaster Recovery as a Service (DRaaS) Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- January 12, 2023
- NEWS, TELECOM & IT
- Asia Disaster Recovery as a Service Market, Disaster Recovery as a Service, Disaster Recovery as a Service Market, Disaster Recovery as a Service Market analysis, Disaster Recovery as a Service Market forecast, Disaster Recovery as a Service Market growth, Disaster Recovery as a Service Market shape, Disaster Recovery as a Service Market share, Disaster Recovery as a Service Market size, Disaster Recovery as a Service Market trends, Europe Disaster Recovery as a Service Market, Middle east Disaster Recovery as a Service Market, US Disaster Recovery as a Service Market
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Disaster Recovery as a Service (DRaaS) is disaster recovery hosted by a third party. It involves replication and hosting of physical or virtual servers by the provider, to provide failover in the event of a natural disaster, power outage, or other disasters that affect business continuity.
The disaster recovery as a service (DRaaS) market is growing mainly due to the growing number of malicious data attacks. For instance, in 2020, 61 percent of organizations experienced malware activity that spread from one employee to another. Moreover, several risks have a substantial influence on business continuity and IT infrastructure, due to which the security of enterprises with data centers may suffer. Furthermore, natural catastrophes like earthquakes and floods, threats like ransomware attacks and unauthorized access to private data, and environmental disruptions like prolonged power outages and exposure to pollutants or chemical compounds can disrupt data center operations. The downtime that results from these interruptions is what operators in daily data center operations are most worried about.
The Disaster Recovery as a Service (DRaaS) Market is expected to grow at a steady rate of around 23% owing to the increasing off-road recreational activities coupled with the growing internet penetration around the globe.
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On the basis of deployment, the market is segmented into on-premises and cloud. During the forecast period, the cloud segment is expected to grow with a significant CAGR. As businesses begin to adapt their processes to a digital space, they require cost and work efficiency, elasticity agility, and scalability. The cloud provides all these features. Businesses that implement cloud computing and digital transformation report enormous growth and improved efficiency. It enables them to stay relevant and thrive in a dynamic ecosystem.
On the basis of organization size, the market is segmented into small and medium enterprises and large enterprises. The large enterprises segment is expected to grow significantly during the forecast period. The growing adoption of disaster recovery services in large organizations is attributed to the amount of data that large organizations collect/process. Furthermore, large organizations have higher IT budgets to invest in various solutions.
For a detailed analysis of the Global Disaster Recovery as a Service (DRaaS) Market browse through- https://univdatos.com/report/disaster-recovery-as-a-service-draas-market/
For a better understanding of the market adoption of disaster recovery as a service (DRaaS), the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World. In 2021, the Asia Pacific region is expected to grow with a robust CAGR. This is mainly due to the growing number of SMEs in the countries such as India, and China. Furthermore, the growing digitization coupled with ramped internet users is expected to drive the market in the region. Furthermore, China and India are the major disaster recovery service provider countries in the Asia Pacific, offering vast scope for disaster recovery companies operating in the market. The popularity of DRaaS in the Asia Pacific can be ascribed to the increase in natural calamities such as floods, earthquakes, and human errors, which in turn lead to data leaks. This is estimated to drive the DRaaS market in the region during the forecast period.
Some of the major players operating in the market include Amazon Web Services, Axcient, Citrix Systems Inc, IBM Corporation, Microsoft, NTT Communication, Sunguard, Cable & Wireless Communication, TierPoint LLC, Recovery Point Systems, and Cisco Systems.
Global Disaster Recovery as a Service (DRaaS) Market Segmentation
Market Insight, by Type
- Backup & Restore
- Realtime Replication
- Data Protection
- Professional Services
Market Insight, by Deployment
Market Insight, by Organization Size
- Small and Medium Enterprises
- Large Enterprises
Market Insight, by Region
- North America
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Amazon Web Services
- Citrix Systems Inc
- IBM Corporation
- Microsoft Corporation
- NTT Communication
- Cable & Wireless Communication
- TierPoint LLC
- Recovery Point Systems
- Cisco Systems.