Summary
KEY FINDINGS
The global Disaster Recovery as a Service market is expected to record a CAGR of 24.62% during the forecast period, 2022-2030. The market growth is attributed to the increasing demand for DRaaS by SMEs, the growing data loss & breaches, and the rising utilization of cloud technology.
MARKET INSIGHTS
Disaster Recovery as a Service (DRaaS) is a cloud computing service model that enables organizations to back up its data and offers all the disaster recovery orchestration through SaaS solutions. Small- and medium-sized businesses (SMEs) continue to be the leading target for cloud service providers since they provide low-cost and simple deployment alternatives for disaster recovery within their systems.
A cloud-based disaster services helps save a significant amount of money and time during any catastrophic events in IT infrastructure since it does not need physical IT infrastructure or data centers.Besides, these help businesses sustain their integrity with their stakeholders and the credibility of their business deliveries.
Moreover, businesses can choose to modify their current suite through cloud deployment.Such aspects are projected to increase the acceptance of DRaaS across SMEs.
As a result, the surging demand for DRaaS by SMEs is one of the main growth drivers of the global Disaster Recovery as a Service market growth.
REGIONAL INSIGHTS
The global Disaster Recovery as a Service market growth includes the assessment of North America, Europe, Asia-Pacific, and Rest of World. Asia-Pacific is the fastest-growing region in the market attributed to the thriving IT sector and the increasing data security breaches.
COMPETITIVE INSIGHTS
The competitive rivalry is high due to the presence of key players and their strategic initiatives like partnerships, mergers, product launches, etc. Some of the eminent companies operating in the market include Microsoft Corporation, VMware Inc, Kyndryl Holdings Inc, Amazon Web Services Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. 11:11 SYSTEMS
2. AMAZON WEB SERVICES INC
3. CISCO SYSTEMS INC
4. KYNDRYL HOLDINGS INC
5. MICROSOFT CORPORATION
6. NTT DATA CORPORATION
7. RECOVERY POINT SYSTEMS INC
8. SAP SE
9. SUNGARD AVAILABILITY SERVICES
10. VEEAM
11. VMWARE INC
12. ZERTO LTD
