Disaster Recovery as a Service Market
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) Update Available - Forecast 2024-2030
The global disaster recovery as a service (DRaaS) market is anticipated to grow at a CAGR of 25% during the forecast period. The major factors contributing to the growth of the market include the rising cloud as a service market and increasing enterprise IT spending across various industry verticals. According to the data published by IDC Corporate USA, in 2021, overall IT spending has increased by 8.6% 2021. Approximately $4.2 trillion of IT spending had been estimated in 2021 across the globe. Furthermore, the high adoption rate of disaster recovery software among SMEs owing to flexibility, automation capabilities, faster recovery, and cost-effectiveness of the solutions further gives a boost to the growth of the global disaster recovery as a service industry.
Impact of COVID-19 Pandemic on Global Disaster Recovery as a Service (DRaaS) Market
The COVID-19 pandemic had a positive impact on the global disaster recovery as a service (DRaaS) market. The rapid adoption of transformation strategies due to COVID-19 has instantly increased the need for online operations of the business, thereby fueling the need for disaster recovery as a service (DRaaS). Additionally, as enterprises are turning to advance IT infrastructure with the help of cloud-based solutions, the demand for DRaaS solutions will continue to grow. Moreover, enterprises, as well as SMEs, are enhancing business continuity during lockdowns. For instance, in May 2020, Microsoft announced to launch of Microsoft Cloud for healthcare to tackle COVID-19 challenges. Additionally, the company introduced industry-specific cloud offerings for healthcare organizations to improve workflow efficiency as well as streamline interactions. Additionally, in May 2020, Microsoft announced to launch Back2Business Solution Boxes for SMBs in India. This new solution allows Indian SMBs to maintain business continuity during COVID-19 and continue cloud adoption as well as assist them in solving challenges faced by SMBs during work from home.
Segmental Outlook
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 the public cloud, private cloud, and hybrid model. Further, based on the vertical, the market is segmented into government & defense, BFSI, IT and telecommunication, healthcare, and others (retail and manufacturing).
Global Disaster Recovery as a Service (DRaaS) Market Share by Vertical, 2021 (%)
IT & Telecommunication Segment is Expected to Hold to Grow at a Significant CAGR in the Global Disaster Recovery as a Service (DRaaS) Market
Based on the vertical, the IT & telecommunication segment is expected to grow at a significant rate during the forecast period. Owing to the increasing cases of data loss among the people in the IT and telecommunication industry, which in turn has propelled the demand for disaster recovery solutions. Thus, several key market players are inclined toward launching DRaaS software and solution specifically for IT & telecommunication organizations. For instance, in September 2019, GTS Telecom launched data protection disaster recovery solutions. The company has also invested $1.4 trillion in the development of its data and cloud centers.
Regional Outlook
The global disaster recovery as a service (DRaaS) market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these regions, the Asia-Pacific is anticipated to grow during the forecast period due to the growing demand for disaster recovery as a service (DRaaS) due to the growing IT industry in the region.
Global Disaster Recovery as a Service (DRaaS) Market Growth by Region, 2022-2028
North America Region Holds a Prominent Share in the Global Disaster Recovery as a Service (DRaaS) Market
The North America region holds a prominent share in the disaster recovery as a service (DRaaS) market. The major factor driving the growth of the market in the region due to the highly developed IT industry. Additionally, the US is the major country in North America which is anticipated to hold considerable market share during the forecasted period. Further, North America is home to the largest companies in terms of revenue including IBM Corp., Google LLC, Microsoft Corp., Meta, Apple Inc., and other major companies.
Market Players Outlook
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 April 2020, VMware launched vRealize Operations Cloud vRealize, a unified operations platform to manage VMware Cloud and multi-clouds. It offers benefits such as reducing unplanned downtime, lowering costs, delivering faster time to value, and mitigating risks.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global disaster recovery as a service (DRaaS) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Disaster Recovery as a Service (DRaaS) Market
• Recovery Scenario of Global Disaster Recovery as a Service (DRaaS) Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Amazon Web Services, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. IBM Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Microsoft Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Oracle Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. VMware Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Disaster Recovery as a Service (DRaaS) Market by Deployment Model
4.1.1. Public Cloud
4.1.2. Private Cloud
4.1.3. Hybrid Cloud
4.2. Global Disaster Recovery as a Service (DRaaS) Market by Vertical
4.2.1. Government & Defense
4.2.2. BFSI
4.2.3. IT and Telecommunication
4.2.4. Healthcare
4.2.5. Others (Retail and Manufacturing)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amazon Web Services, Inc.
6.2. Axcient, Inc.
6.3. Bluelock, LLC
6.4. Broadcom Inc. (CA Technologies)
6.5. Cisco Systems Inc.
6.6. C&W Business
6.7. Hewlett Packard Enterprise Co.
6.8. Iland Internet Solutions
6.9. IBM Corp.
6.10. Microsoft Corp.
6.11. Nexica
6.12. NTT Communication Corp.
6.13. Oracle Corp.
6.14. R3 Data Recovery Ltd.
6.15. Rackspace Technology Inc.
6.16. Recovery Point Systems, Inc.
6.17. Seagate Technology Holdings plc
6.18. Sungard Availability Services LP
6.19. Tierpoint LLC.
6.20. Verizon Communication Inc.
6.21. VMware Inc.
1. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
2. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) BY PUBLIC CLOUD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) BY PRIVATE CLOUD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) BY HYBRID CLOUD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
6. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) FOR GOVERNMENT & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) FOR IT AND TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) BY OTHER (MANUFACTURING AND RETAIL) MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
14. NORTH AMERICAN DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
15. EUROPEAN DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
17. EUROPEAN DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
21. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
23. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET, 2022-2028 (%)
4. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SHARE BY DEPLOYMENT MODEL, 2021 VS 2028 (%)
5. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) BY PUBLIC CLOUD MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SHARE BY PRIVATE CLOUD GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) BY HYBRID CLOUD MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SHARE BY VERTICAL, 2021 VS 2028 (%)
9. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) FOR GOVERNMENT & DEFENCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) FOR BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) FOR IT AND TELECOMMUNICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) BY OTHER (MANUFACTURING AND RETAIL) MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
17. UK DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET SIZE, 2021-2028 ($ MILLION)
