Disaster-Recovery-as-a-Service Market by Service Type, Service Providers, Cloud Type, Company Size, Deployment Model, End User

Description

List of Tables

[195 Pages Report] The Disaster-Recovery-as-a-Service Market size was estimated at USD 1.18 billion in 2023 and expected to reach USD 1.30 billion in 2024, at a CAGR 10.09% to reach USD 2.33 billion by 2030.

Disaster Recovery-as-a-Service (DRaaS) is a comprehensive managed solution that enables businesses to safeguard their critical data and IT infrastructure against catastrophic events, such as natural disasters, cyberattacks, equipment failures, or human errors. DRaaS ensures rapid restoration of IT systems, minimizing downtime and associated operational losses by leveraging third-party cloud-based resources. The importance of DRaaS lies in its ability to maintain business continuity and protect an organization's reputation while mitigating the financial impact of unexpected disruptions. Safeguarding sensitive data from unauthorized access has become paramount for businesses, with cyberattacks becoming more frequent and advanced. Implementing DRaaS helps companies restore their data quickly in case of such incidents without succumbing to ransom demands. The occurrence of natural disasters such as hurricanes, floods, and earthquakes has risen owing to climate change. It poses major risks to businesses that rely heavily on technology infrastructure for their daily operations. DRaaS ensures that organizations can quickly recover their IT systems and resume normal business activities after disasters. However, functional limitation of the DRaaS solutions and limited standardization of the solutions to evolving regulatory frameworks impact their improved usage across industries. Market players are introducing advanced solutions based on AI and ML with improved features to cater to better solutions for the users. Cloud-based DRaaS solutions leverage advanced technologies such as replication and automation to ensure rapid recovery of critical data and applications, reducing the impact on business operations.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.18 billion
Estimated Year [2024]	USD 1.30 billion
Forecast Year [2030]	USD 2.33 billion
CAGR (%)	10.09%

Service Type: Growing need to secure data from breaches and unauthorized access

The Disaster-Recovery-as-a-Service (DRaaS) market encompasses various service types, including backup, data security, professional services, and real-time protection. Backup solutions ensure data recovery during disasters through periodic storage and retrieval from remote locations. Data security services are becoming highly important for businesses that emphasize safeguarding sensitive data during disaster recovery by employing encryption and secure transmission protocols. Professional services assist organizations with planning, consulting, training, and support for effective disaster preparedness. Real-time protection minimizes downtime through continuous monitoring and automatic failover mechanisms during disasters. In conclusion, the optimal DRaaS service type depends on organizational needs such as data sensitivity, in-house expertise, and infrastructure intricacy.

Cloud Type: Higher preferences for private cloud to gain maximum control over data security

Hybrid cloud DRaaS solutions combine the flexibility of public clouds with the security and control of private clouds. This approach is ideal for organizations with strict compliance requirements, sensitive data concerns, or those looking to optimize costs by leveraging both on-premises infrastructure and public cloud resources. Private cloud DRaaS is suitable for organizations requiring complete control over their IT infrastructure owing to regulatory compliance or highly sensitive data management needs. By utilizing a dedicated environment solely for disaster recovery purposes within the organization's own data center or at a managed service provider's facility, businesses can minimize potential risks associated with shared resources in public clouds. Public cloud DRaaS offers the benefits of cost efficiency, rapid deployment, and virtually unlimited scalability by utilizing shared resources hosted by third-party providers. This option is ideal for small to medium-sized businesses (SMBs) or organizations with less stringent data privacy requirements.

Deployment Model: Growing demand for To-Cloud DRaaS to maintain on-premises data centers

Deploying Disaster-Recovery-as-a-Service (DRaaS) in organizations safeguards their critical data and applications and offers various models. These models include from-cloud DRaaS, in-cloud DRaaS, and to-cloud DRaaS. From-cloud DRaaS involves hosting the primary infrastructure on-premises or in a private cloud while the disaster recovery site is in a public cloud. This hybrid approach provides flexibility and scalability while maintaining control over critical resources. In-cloud DRaaS refers to both primary infrastructure and disaster recovery sites being hosted within the same cloud environment, resulting in lower latency during failover processes. To-cloud DRaaS deploys the primary infrastructure on-premises or in a private cloud while utilizing public cloud resources for replication and failover purposes. With growing preferences for private cloud, To-cloud DRaaS is getting highly popular among businesses.

End User: Higher demand for DRaaS from the evolving BFSI sector

In the BFSI sector, DRaaS is crucial in ensuring business continuity by safeguarding sensitive financial data and minimizing downtime owing to unexpected events such as cyberattacks or natural disasters. With the digitization of financial services, DRaaS has been widely adopted across the BFSI sector. Educational institutions require DRaaS to protect valuable academic data, enable remote learning capabilities during emergencies, and maintain uninterrupted access to essential systems, including student information systems or learning management platforms. For government agencies, disaster recovery is paramount in ensuring public services remain operational during crises while adhering to strict compliance requirements for data protection. In the highly competitive IT and telecom sector, DRaaS is essential for maintaining uninterrupted services and mitigating risks associated with data breaches or system failures. DRaaS ensures seamless supply chain operations in manufacturing and logistics by minimizing disruptions from unforeseen events such as equipment failure or natural disasters. DRaaS plays a vital role in safeguarding valuable digital assets and ensuring business continuity for media and entertainment companies during unexpected events such as cyberattacks or hardware failure. In retail and e-commerce, DRaaS helps maintain critical online platforms' uptime while keeping customer data secure during unplanned outages or cyber threats.

Regional Insights

In the Americas, the DRaaS market experienced significant growth owing to well-established cloud infrastructure, high levels of business digitalization, and a strong presence of product developers. Stringent regulatory requirements for data protection and disaster recovery planning have driven industries such as finance and healthcare toward adopting DRaaS solutions in the United States and Canada. APAC demonstrates immense potential for the DRaaS market, given its diverse economic landscape comprising booming IT economies in China, India, Japan, and South Korea. Rapid urbanization, increasing internet penetration rates, growing small-to-medium enterprises, and rising awareness about the importance of data protection fuel demand for disaster recovery services in the region. Global DRaaS providers in the region have been forming strategic alliances with local partners, investing in R&D to tailor solutions to regional needs, and ensuring compliance with native data protection laws to expand product usage. Europe has observed a surge in DRaaS adoption owing to the enforcement of stringent data protection regulations such as the General Data Protection Regulation (GDPR), which has compelled European businesses to prioritize data security and invest in disaster recovery strategies. Additionally, Europe's region-wide focus on digital transformation initiatives, strong IT infrastructure, and the presence of local DRaaS providers contribute to the market growth. Moreover, the Middle East and Africa region is poised for significant growth, driven by government initiatives promoting digital transformation, increasing adoption of cloud-based services, and a heightened awareness among businesses about the need for effective disaster recovery planning.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Disaster-Recovery-as-a-Service Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Disaster-Recovery-as-a-Service Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Disaster-Recovery-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include 11:11 Systems Inc, Acronis International GmbH, Amazon Web Services, Inc., Axcient, BIOS Middle East Group by ZainTech, Cable & Wireless Communications Limited, Cisco Systems, Inc., Citrix by Cloud Software Group, Inc., Daisy Corporate Services Holdings Limited, Databarracks Limited, Druva1, ESDS Software Solution Ltd., Google LLC by Alphabet Inc., Infrascale Inc., International Business Machines Corporation, InterVision Systems, LLC, Microsoft Corporation, N-able, Inc., Nippon Telegraph and Telephone Corporation, Nordia Infotech Pvt Ltd, OneNeck IT Solutions LLC by Telephone and Data Systems, Inc., Open Text Corporation, Oracle Corporation, RackWare, Inc., Recovery Point Systems, Inc., Secur-Serv, Sungard Availability Services LP, Tata Communications Ltd., Thrive Operations, TierPoint, LLC, Veoci Inc., VMware, Inc., and Xigent LLC.

Market Segmentation & Coverage

This research report categorizes the Disaster-Recovery-as-a-Service Market to forecast the revenues and analyze trends in each of the following sub-markets:

Service Type
- Backup
- Data Security
- Professional Services
- Real-Time Protection

Service Providers
- Cloud Service Provider
- Managed Service Provider
- Telecom & Communication Service Provider

Cloud Type
- Hybrid Cloud
- Private Cloud
- Public Cloud

Company Size
- Large Companies
- Mid-Sized Companies
- Small Companies

Deployment Model
- From Cloud DRaaS
- In Cloud DRaaS
- To Cloud DRaaS

End User
- BFSI
- Education
- Government
- IT & Telecom
- Manufacturing & Logistics
- Media & Entertainment
- Retail & E-Commerce

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Disaster-Recovery-as-a-Service Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Disaster-Recovery-as-a-Service Market?

3. What are the technology trends and regulatory frameworks in the Disaster-Recovery-as-a-Service Market?

4. What is the market share of the leading vendors in the Disaster-Recovery-as-a-Service Market?

5. Which modes and strategic moves are suitable for entering the Disaster-Recovery-as-a-Service Market?

Product Code: MRR-FB6C9E793366

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing adoption of cloud-based disaster recovery
  - 5.1.1.2. Rising volume of data generation in websites and mobile apps
  - 5.1.1.3. Increasing focus on delivering customer-centric applications
  - 5.1.1.4. Growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX)
- 5.1.2. Restraints
  - 5.1.2.1. Unwillingness of enterprises towards the adoption of cloud-based DR over traditional methods
  - 5.1.2.2. Issues related to deployment and lack of monitoring
- 5.1.3. Opportunities
  - 5.1.3.1. Extremity of AI and ML in DRaaS solutions to strengthen the DR strategies of enterprises
- 5.1.4. Challenges
  - 5.1.4.1. Issues in achieving security and compatibility in the cloud environment
  - 5.1.4.2. Lack of expertise to test an effective disaster recovery plan
5.2. Market Segmentation Analysis
- 5.2.1. Service Type: Growing need to secure data from breaches and unauthorized access
- 5.2.2. Cloud Type: Higher preferences for private cloud to gain maximum control over data security
- 5.2.3. Deployment Model: Growing demand for To-Cloud DRaaS to maintain on-premises data centers
- 5.2.4. End User: Higher demand for DRaaS from the evolving BFSI sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Disaster-Recovery-as-a-Service Market, by Service Type

6.1. Introduction
6.2. Backup
6.3. Data Security
6.4. Professional Services
6.5. Real-Time Protection

7. Disaster-Recovery-as-a-Service Market, by Service Providers

7.1. Introduction
7.2. Cloud Service Provider
7.3. Managed Service Provider
7.4. Telecom & Communication Service Provider

8. Disaster-Recovery-as-a-Service Market, by Cloud Type

8.1. Introduction
8.2. Hybrid Cloud
8.3. Private Cloud
8.4. Public Cloud

9. Disaster-Recovery-as-a-Service Market, by Company Size

9.1. Introduction
9.2. Large Companies
9.3. Mid-Sized Companies
9.4. Small Companies

10. Disaster-Recovery-as-a-Service Market, by Deployment Model

10.1. Introduction
10.2. From Cloud DRaaS
10.3. In Cloud DRaaS
10.4. To Cloud DRaaS

11. Disaster-Recovery-as-a-Service Market, by End User

11.1. Introduction
11.2. BFSI
11.3. Education
11.4. Government
11.5. IT & Telecom
11.6. Manufacturing & Logistics
11.7. Media & Entertainment
11.8. Retail & E-Commerce

12. Americas Disaster-Recovery-as-a-Service Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Disaster-Recovery-as-a-Service Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Disaster-Recovery-as-a-Service Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Expedient Announces Partnership with Kyndryl to Deliver Disaster Recovery as a Service
- 15.3.2. Verinext Launches Disaster-Recovery-as-a-Service (DRaaS) Delivered on HPE GreenLake
- 15.3.3. N-able Announces Cove Data Protection with Disaster Recovery as a Service, Introducing Microsoft Azure Recovery Option
- 15.3.4. Thrive Acquires Canadian-Based Storagepipe
15.4. Strategy Analysis & Recommendation

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio