PUBLISHER: Orion Market Research | PRODUCT CODE: 1078024
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078024
Global Disaster Recovery as a Service (DRaaS) Market Size, Share & Trends Analysis Report by Deployment Model (Public Cloud, Private Cloud, and Hybrid Model),by Vertical (Government &Defense, BFSI, IT and Telecommunication, Healthcare, and Others)Forecast Period (2022-2028)
The globaldisaster recovery as a service (DRaaS)market is anticipated to grow at a CAGRof 25% during the forecast period. The growth of the global disaster recovery as a service (DRaaS)market during the forecast period can be attributed to the increasing demands for disaster as a service as it supplies higher performance standards while data recovery. Additionally,a huge amount of data is being generated by many organizations which are increasing the demand for adequate data security and recovery system. The use of disaster recovery as a service has increased due to its faster data retrieval in less time which in turn is driving the growth of the market.
The global disaster recovery as a service (DRaaS) market is segmented based on deployment model, and vertical. Based on the deployment model, the market is segmented into thepublic cloud, private cloud, and hybrid model. And, based on the vertical, the market is segmented into government &defenSe, BFSI, IT and telecommunication, healthcare, and others (retail and manufacturing). Among these, the private cloud segment is anticipated to grow during the forecast period due to increasing demand for personal cloud solutions and services across the globe.
Geographically, the global disaster recovery as a service (DRaaS)market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North Americaholds a prominent share in the marketdue to the highly developed IT industry in the region. Furthermore, Asia-Pacific is anticipated to hold the market share following North America due to thegrowing demand for disaster recovery as a service (DRaaS) due to the growing IT industryas well as the high adoption rate among SMEs in the region.
The major companies serving the global disaster recovery as a service (DRaaS) market include IBM Corp., VMware Inc., Amazon Web Services Inc., NTT Communication Corp., and Microsoft Corp.among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships, geographical expansion,and collaborations to stay competitive in the market. For instance, in May 2020, 2nd Watchlaunched a cloud disaster recovery as a service (DRaaS) solution to establish a cost-efficient disaster recovery failover environment for its clients. This service assists companies to implement a disaster recovery plan with a cloud-based infrastructure while ensuring that their clients benefit from their existing IT infrastructure.
Research Methodology
The market study of the globaldisaster recovery as a service (DRaaS)marketis incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market sizeand the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Cloud and Big Data