Disaster Recovery as a Service (DRaaS) Market: Current Analysis and Forecast (2022-2028)

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Emphasis Service Type (Backup and Restore, Real-Time Replication, Data Protection, and Protection Service); Deployment (On-Premises and Cloud); Organization Size (Small and Medium Enterprises and Large Enterprises) and Region/Country

Pages:

149

Table:

101

Figure:

124

Report ID:

UMTI211331

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Disaster Recovery as a Service (DRaaS) Market
Disaster Recovery as a Service (DRaaS) Market

Global Disaster Recovery as a Service (DRaaS) Market is expected to grow at a significant rate of around 23% during the forecast period. 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.

Amazon Web Services, Axcient, Citrix Systems Inc, IBM Corporation, Microsoft, NTT Communication, Sunguard, Cable & Wireless Communication, TierPoint LLC, Recovery Point Systems, and Cisco Systems, are some of the key players operating in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, backup and restore category to witness robust CAGR during the forecast period”

On the basis of type, the market is segmented into backup and restore, real-time replication, data protection, and protection service. During the forecast period, the backup & restore segment is expected to grow with a significant CAGR. As, backup enables the retrieval of duplicate sets in the case of data loss during downtime and failures, such as human errors and natural catastrophes. Restore helps to recover the lost data that was inaccessible due to physical damage to the drive

 “Amongst deployment, the cloud segment to hold a significant share in the market in 2020”

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.

“Asia Pacific to hold a significant share in the market”

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.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

 

Customization Options:

The global Disaster Recovery as a Service (DRaaS) market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation

 

2.1.Research Process of the Disaster Recovery as a Service (DRaaS) Market
2.2.Research Methodology of the Disaster Recovery as a Service (DRaaS) Market
2.3.Respondent Profile     

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5IMPACT OF COVID-19 ON THE DISASTER RECOVERY AS A SERVICE (DRaaS) MARKET

 

6.1.Backup & Restore
6.2.Realtime Replication
6.3.Data Protection
6.4.Professional Services

 

7.1.On-Premises
7.2.Cloud

 

8.1.Small and Medium Enterprises
8.2.Large Enterprises 

 

9.1.North America   
 9.1.1.U.S. 
 9.1.2.Canada 
 9.1.3.Rest of North America
9.2.Europe   
 9.2.1.Germany 
 9.2.2.U.K. 
 9.2.3.France 
 9.2.4.Italy 
 9.2.5.Spain 
 9.2.6.Rest of Europe
9.3.Asia-Pacific  
 9.3.1.China 
 9.3.2.Japan 
 9.3.3.India 
 9.3.4.Rest of Asia-Pacific
9.4.Rest of World  

 

10.1.Market Drivers
10.2.Market Challenges
10.3.Impact Analysis

 

11DISASTER RECOVERY AS A SERVICE (DRaaS) MARKET OPPORTUNITIES

 

12DISASTER RECOVERY AS A SERVICE (DRaaS) MARKET TRENDS

 

13.1.Demand Side Analysis
13.2.Supply Side Analysis

 

14VALUE CHAIN ANALYSIS

 

15COMPETITIVE SCENARIO
15.1.Competitive Landscape
 15.1.1.Porters Five Forces Analysis
16.1.Amazon Web Services
16.2.Axcient  
16.3.Citrix Systems Inc 
16.4.IBM Corporation 
16.5.Microsoft Corporation
16.6.NTT Communication
16.7.Cable & Wireless Communication
16.8.TierPoint LLC 
16.9.Recovery Point Systems
16.10.Cisco Systems 

 

17DISCLAIMER

 

Research Methodology

Research Methodology for the Disaster Recovery as a Service (DRaaS) Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global disaster recovery as a service (DRaaS) market were the three major steps undertaken to create and analyze the adoption of disaster recovery as a service (DRaaS) in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of global disaster recovery as a service (DRaaS) market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the disaster recovery as a service (DRaaS) market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the disaster recovery as a service (DRaaS) market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, organization size, and deployment. Further country-level analyses were conducted to evaluate the overall adoption of disaster recovery as a service (DRaaS) in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Disaster Recovery as a Service (DRaaS) Market. Further, we conducted factor analysis using dependent and independent variables such as various type, deployment, and organization size of disaster recovery as a service (DRaaS). A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the disaster recovery as a service (DRaaS) market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global disaster recovery as a service (DRaaS) Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the disaster recovery as a service (DRaaS) market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global disaster recovery as a service (DRaaS) market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

 

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Disaster Recovery as a Service (DRaaS) Market
Disaster Recovery as a Service (DRaaS) Market

 Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global disaster recovery as a service (DRaaS) market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of deployment and application in the global disaster recovery as a service (DRaaS) market.

The main objective of the Global Disaster Recovery as a Service (DRaaS) Market Study

The current & future market trends of the global disaster recovery as a service (DRaaS) market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the disaster recovery as a service (DRaaS) market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type, deployment, and organization size.
  • Define and analysis of the regulatory framework for the disaster recovery as a service (DRaaS)
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the disaster recovery as a service (DRaaS) market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the disaster recovery as a service (DRaaS) market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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