The North America Disaster Recovery as a Service Market would witness market growth of 25.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Disaster Recovery As A Service Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18,605.8 million by 2031. The Canada market is experiencing a CAGR of 27.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 26.7% during (2024 - 2031).
In today’s digital era, businesses rely on data and technology to drive operations, enhance customer experiences, and maintain a competitive edge. The integration of cloud computing, big data analytics, artificial intelligence (AI), and the Internet of Things (IoT) has resulted in a significant increase in the generation and storage of data. As organizations shift toward digital transformation, ensuring critical data security, availability, and recoverability has become a top priority.
Disaster recovery is no longer a luxury but necessary for businesses of all sizes and industries. Traditionally, companies relied on on-premise disaster recovery (DR) solutions, which involved maintaining secondary data centers, redundant hardware, and dedicated IT personnel to manage disaster recovery processes. While effective, these traditional DR strategies were costly, complex, and resource-intensive, impractical for many small and medium-sized enterprises (SMEs).
The Disaster Recovery as a Service market is witnessing substantial growth as industries increasingly recognize the need for robust disaster recovery frameworks to safeguard critical business data and ensure operational resilience. The finance and insurance sectors in the United States are among the most critical industries requiring advanced disaster recovery solutions, as they contributed 8.3% ($1.7 trillion) to the U.S. GDP in 2020. With financial institutions being prime targets for cyberattacks, data breaches, and ransomware incidents, investments in AI-driven threat detection, encrypted cloud backups, and blockchain-based disaster recovery mechanisms have surged to enable real-time data replication, rapid failover, and compliance with stringent regulations such as PCI DSS and SOX. The ability to restore operations quickly after an IT failure is now a business-critical requirement, making DRaaS solutions a preferred choice for financial institutions to mitigate risks and ensure business continuity. Hence, North America's market continues to expand as businesses across industries shift towards hybrid cloud environments, AI-driven automation, and managed security services.
Based on Deployment, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on Service Type, the market is segmented into Recovery & Backup Services, Real-time Replication Services, Data Protection Services, and Professional Services. Based on Provider, the market is segmented into Cloud Service Providers, Telecommunication Service Providers, and Managed Service Providers. Based on End-use, the market is segmented into BFSI, IT & Telecommunication, Retail & Consumer Goods, Healthcare, Government, Media & Entertainment, and Other End-use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Cisco Systems, Inc.
- HP Inc.
- Barracuda Networks, Inc. (KKR & Co. Inc.)
- Google LLC (Alphabet Inc.)
- Verizon Communications, Inc.
- VMware, Inc. (Broadcom Inc.)
- Oracle Corporation
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Recovery & Backup Services
- Real-time Replication Services
- Data Protection Services
- Professional Services
- Cloud Service Providers
- Telecommunication Service Providers
- Managed Service Providers
- BFSI
- IT & Telecommunication
- Retail & Consumer Goods
- Healthcare
- Government
- Media & Entertainment
- Other End-use
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Disaster Recovery As A Service Market, by Deployment
- 1.4.2 North America Disaster Recovery As A Service Market, by Service Type
- 1.4.3 North America Disaster Recovery As A Service Market, by Provider
- 1.4.4 North America Disaster Recovery As A Service Market, by End-use
- 1.4.5 North America Disaster Recovery As A Service Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2023
- 4.2 Strategies Deployed in Disaster Recovery as a Service Market
- 4.3 Porter Five Forces Analysis
- Chapter 5. North America Disaster Recovery As A Service Market by Deployment
- 5.1 North America Public Cloud Market by Country
- 5.2 North America Private Cloud Market by Country
- 5.3 North America Hybrid Cloud Market by Country
- Chapter 6. North America Disaster Recovery As A Service Market by Service Type
- 6.1 North America Recovery & Backup Services Market by Country
- 6.2 North America Real-time Replication Services Market by Country
- 6.3 North America Data Protection Services Market by Country
- 6.4 North America Professional Services Market by Country
- Chapter 7. North America Disaster Recovery As A Service Market by Provider
- 7.1 North America Cloud Service Providers Market by Country
- 7.2 North America Telecommunication Service Providers Market by Country
- 7.3 North America Managed Service Providers Market by Country
- Chapter 8. North America Disaster Recovery As A Service Market by End-use
- 8.1 North America BFSI Market by Country
- 8.2 North America IT & Telecommunication Market by Country
- 8.3 North America Retail & Consumer Goods Market by Country
- 8.4 North America Healthcare Market by Country
- 8.5 North America Government Market by Country
- 8.6 North America Media & Entertainment Market by Country
- 8.7 North America Other End-use Market by Country
- Chapter 9. North America Disaster Recovery As A Service Market by Country
- 9.1 US Disaster Recovery As A Service Market
- 9.1.1 US Disaster Recovery As A Service Market by Deployment
- 9.1.2 US Disaster Recovery As A Service Market by Service Type
- 9.1.3 US Disaster Recovery As A Service Market by Provider
- 9.1.4 US Disaster Recovery As A Service Market by End-use
- 9.2 Canada Disaster Recovery As A Service Market
- 9.2.1 Canada Disaster Recovery As A Service Market by Deployment
- 9.2.2 Canada Disaster Recovery As A Service Market by Service Type
- 9.2.3 Canada Disaster Recovery As A Service Market by Provider
- 9.2.4 Canada Disaster Recovery As A Service Market by End-use
- 9.3 Mexico Disaster Recovery As A Service Market
- 9.3.1 Mexico Disaster Recovery As A Service Market by Deployment
- 9.3.2 Mexico Disaster Recovery As A Service Market by Service Type
- 9.3.3 Mexico Disaster Recovery As A Service Market by Provider
- 9.3.4 Mexico Disaster Recovery As A Service Market by End-use
- 9.4 Rest of North America Disaster Recovery As A Service Market
- 9.4.1 Rest of North America Disaster Recovery As A Service Market by Deployment
- 9.4.2 Rest of North America Disaster Recovery As A Service Market by Service Type
- 9.4.3 Rest of North America Disaster Recovery As A Service Market by Provider
- 9.4.4 Rest of North America Disaster Recovery As A Service Market by End-use
- Chapter 10. Company Profiles
- 10.1 IBM Corporation
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Regional & Segmental Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Product Launches and Product Expansions:
- 10.1.6 SWOT Analysis
- 10.2 Microsoft Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.6 SWOT Analysis
- 10.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental Analysis
- 10.3.4 Recent strategies and developments:
- 10.3.4.1 Partnerships, Collaborations, and Agreements:
- 10.3.5 SWOT Analysis
- 10.4 Cisco Systems, Inc.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.5.2 Product Launches and Product Expansions:
- 10.4.6 SWOT Analysis
- 10.5 HP, Inc.
- 10.5.1 Company Overview
- 10.5.1 Financial Analysis
- 10.5.2 Segmental and Regional Analysis
- 10.5.3 Research & Development Expense
- 10.5.4 SWOT Analysis
- 10.6 Barracuda Networks, Inc. (KKR & Co. Inc.)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 SWOT Analysis
- 10.7 Google LLC (Alphabet Inc.)
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expense
- 10.7.5 SWOT Analysis
- 10.8 Verizon Communications, Inc.
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental Analysis
- 10.8.4 SWOT Analysis
- 10.9 VMware, Inc. (Broadcom Inc.)
- 10.9.1 Company Overviews
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 SWOT Analysis
- 10.10. Oracle Corporation
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expense
- 10.10.5 SWOT Analysis
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