Global Disaster Recovery-as-a-Service Market, By Service Type (Backup and Recovery, Real-Time Replication, Data Protection, Professional Services), Service Provider (Cloud Service Providers, Managed Service Providers, Telecommunications Service Providers, Others), Organization (Small and Medium Enterprises, Large Enterprises), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Vertical (Banking, Financial Services and Insurance (BFSI), Telecommunications, IT and ITES, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
This rise in the disaster recovery-as-a-service market can be attributed due to the increased adoption of hybrid deployment models and rising trend of adoption of managed services. Data Bridge Market Research analyses that the disaster recovery-as-a-service market will exhibit a CAGR of 21.57% for the forecast period of 2021-2028. This signifies that the disaster recovery-as-a-service market value will rise up to USD 27.19 billion by the year 2028.
Disaster recovery-as-a-service is a backup technological system that replicates and recovers disrupted data caused by disasters. The disaster recovery-as-a-service is a result of companies’ disaster recovery plan. A successful application of disaster recovery-as-a-service assures business continuity.
The increased adoption of cloud based solution by small and medium sized enterprise is a key disaster recovery-as-a-service market growth driving factor. Rising technological advancements and up gradations in the IT sector coupled with increasing digitization of economies will further aggravate the demand for disaster recovery-as-a-service market. Rising awareness about the greater flexibility and automation capabilities of disaster recovery-as-a-service will create more lucrative growth opportunities for the disaster recovery-as-a-service market.
However, lack of trained professionals or skilled expertise will act as a growth restraint for the disaster recovery-as-a-service market. Rising complexities in the deployment models owing to technological up gradations will further dampen the growth rate of the disaster recovery-as-a-service market. Difficulty in achieving security and compliance in cloud environments owing to trust issues will further derail the disaster recovery-as-a-service market growth rate.
This disaster recovery-as-a-service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on disaster recovery-as-a-service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Disaster Recovery-as-a-Service Market Scope and Market Size
The disaster recovery-as-a-service market is segmented on the basis of service type, service provider, organization, deployment model and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of service type, the disaster recovery-as-a-service market is segmented into backup and recovery, real-time replication, data protection, professional services. Professional services segment is further bifurcated into training, education and consulting and support and maintenance.
- On the basis of service provider, the disaster recovery-as-a-service market is segmented into cloud service providers, managed service providers and telecommunications service providers and others.
- On the basis of organization, the disaster recovery-as-a-service market is segmented into small and medium enterprises and large enterprises.
- On the basis of deployment model, the disaster recovery-as-a-service market is segmented into public cloud, private cloud and hybrid cloud.
- On the basis of vertical, the disaster recovery-as-a-service market is segmented into banking, financial services and insurance (BFSI), telecommunications, IT and ITES, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences and others. Others segment is sub segmented into education, travel and hospitality and transportation and logistics.
Global Disaster Recovery-as-a-Service Market Country Level Analysis
Global disaster recovery-as-a-service market is analysed and market size, volume information is provided by country, service type, service provider, organization, deployment model and vertical as referenced above.
The countries covered in the disaster recovery-as-a-service market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the disaster recovery-as-a-service market and its market share will continue to expand during the forecast period owing to the increased adoption of cloud based solutions by medium and small scale enterprises coupled with the prevalence of major market players in the region. Asia-Pacific on the other hand will project the highest growth rate during the forecast period. This is because of the growth and expansion of IT sector and rising adoption of disaster recovery-as-a-service.
The country section of the disaster recovery-as-a-service market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Disaster Recovery-as-a-Service Market Share Analysis
The disaster recovery-as-a-service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global disaster recovery-as-a-service market.
The major players covered in the global disaster recovery-as-a-service market report are IBM Corporation, Oracle, Microsoft, Recovery Point, iland, VMware, Inc., Sungard Availability Services, Infrascale Inc., Bluelock, Quinstreet, Inc., Amazon Web Services, Inc., NTT Communications Corporation, Acronis International GmbH, TierPoint, LLC, Geminare, C&W Business, Expedient, BIOS Middle East Group, Veeam Software, Internap Holding LLC and Fine Telecommunications, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Disaster Recovery-as-a-Service Market
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