Disaster Recovery as a Service (DRaaS) Market: Current Analysis and Forecast (2022-2028)
Description
Disaster Recovery as a Service (DRaaS) Market: Current Analysis and Forecast (2022-2028)
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 Marketing Analytics Market is expected to grow at a steady rate of around 23% owing to the growing digitization of the world coupled with growing Ai investments.
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 Marketing Analytics Market is expected to grow at a steady rate of around 23% owing to the growing digitization of the world coupled with growing Ai investments.
- Based on 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.
- 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 better understanding of the market adoption of the Disaster Recovery as a Service (DRaaS) industry, 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 Corporation, NTT Communication, Sunguard, Cable & Wireless Communication, TierPoint LLC, Recovery Point Systems, and Cisco Systems.
Table of Contents
149 Pages
- 1 MARKET INTRODUCTION
- 1.1. Market Definitions
- 1.2. Main Objective
- 1.3. Stakeholders
- 1.4. Limitation
- 2 RESEARCH METHODOLOGY OR ASSUMPTION
- 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
- 3 MARKET SYNOPSIS
- 4 EXECUTIVE SUMMARY
- 5 IMPACT OF COVID-19 ON THE DISASTER RECOVERY AS A SERVICE (DRaaS) MARKET
- 6 MARKET INSIGHTS BY TYPE
- 6.1. Backup & Restore
- 6.2. Realtime Replication
- 6.3. Data Protection
- 6.4. Professional Services
- 7 MARKET INSIGHTS BY DEPLOYMENT
- 7.1. On-Premises
- 7.2. Cloud
- 8 MARKET INSIGHTS BY ORGANIZATION SIZE
- 8.1. Small and Medium Enterprises
- 8.2. Large Enterprises
- 9 MARKET INSIGHTS BY REGION
- 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 DISASTER RECOVERY AS A SERVICE (DRaaS) MARKET DYNAMICS
- 10.1. Market Drivers
- 10.2. Market Challenges
- 10.3. Impact Analysis
- 11 DISASTER RECOVERY AS A SERVICE (DRaaS) MARKET OPPORTUNITIES
- 12 DISASTER RECOVERY AS A SERVICE (DRaaS) MARKET TRENDS
- 13 DEMAND AND SUPPLY-SIDE ANALYSIS
- 13.1. Demand Side Analysis
- 13.2. Supply Side Analysis
- 14 VALUE CHAIN ANALYSIS
- 15 COMPETITIVE SCENARIO
- 15.1. Competitive Landscape
- 15.1.1. Porters Five Forces Analysis
- 16 COMPANY PROFILED
- 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
- 17 DISCLAIMER
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