PUBLISHER: TechSci Research | PRODUCT CODE: 1879183
PUBLISHER: TechSci Research | PRODUCT CODE: 1879183
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The Global Disaster Recovery as a Service Market, valued at USD 17.10 Billion in 2024, is expected to grow at a CAGR of 19.90% to reach USD 50.81 Billion by 2030. DRaaS is a cloud-based solution that enables organizations to replicate and host critical applications, data, and IT systems in third-party environments to ensure rapid recovery after disruptions. Market growth is driven by rising cyber threats, stricter regulatory compliance requirements, and the growing need for uninterrupted business operations. According to the Cloud Security Alliance, 60% of financial institutions surveyed in December 2024 prioritized improving disaster recovery readiness. However, ongoing concerns regarding data residency and sovereignty across different jurisdictions continue to complicate compliance efforts, particularly for multinational organizations.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 17.10 Billion |
| Market Size 2030 | USD 50.81 Billion |
| CAGR 2025-2030 | 19.9% |
| Fastest Growing Segment | Private Cloud |
| Largest Market | North America |
Key Market Drivers
The global Disaster Recovery as a Service market is significantly influenced by escalating cyber threats and data breaches
The increasing volume and sophistication of cyberattacks, including ransomware and advanced persistent threats, have intensified the need for robust disaster recovery mechanisms. These incidents result in significant financial and operational repercussions, reinforcing the demand for quick restoration of data and applications. IBM's Cost of a Data Breach Report 2024 reported an average global breach cost of USD 4.88 million, highlighting the importance of minimizing downtime. The expanding adoption of cloud computing further supports DRaaS growth, enabling scalable and geographically distributed recovery environments. The Cloud Native Computing Foundation's 2024 survey found that cloud-native adoption reached 89%, reflecting a strong shift toward cloud-based architectures. Organizations using security AI and automation saved an average of USD 2.2 million, demonstrating the direct role of cloud and automation technologies in strengthening disaster recovery frameworks.
Key Market Challenges
Persistent concerns regarding data residency and sovereignty across diverse geographical jurisdictions
Data residency and sovereignty regulations remain a major barrier to DRaaS adoption, particularly for multinational enterprises. Countries and regions impose strict rules dictating where sensitive data can be stored and processed, creating complex compliance requirements and forcing organizations to adapt region-specific strategies. This increases operational cost and hinders seamless DRaaS deployment. According to ISACA's Privacy in Practice 2024 survey, only 34% of organizations find it easy to understand their privacy obligations, emphasizing the difficulties associated with evolving data protection laws. These complexities slow market adoption and pose challenges for providers striving to deliver globally compliant solutions.
Key Market Trends
Hybrid and Multi-Cloud DRaaS Adoption
Hybrid and multi-cloud strategies are increasingly adopted to achieve better resilience, flexibility, and reduced vendor dependency. Organizations are combining on-premises infrastructure with private and public cloud environments, driving demand for DRaaS platforms that offer unified protection and seamless mobility across these diverse systems. ISACA's "Evolving Threats to Cloud Computing Infrastructure" blog reported that multi-cloud usage increased to 89% in 2024. In line with this trend, Veeam launched its Data Cloud platform in March 2024, built on Microsoft Azure, to streamline data protection and recovery across distributed cloud environments.
In this report, the Global Disaster Recovery as a Service Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Disaster Recovery as a Service Market.
Global Disaster Recovery as a Service Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: