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

Description

List of Tables

The Disaster-Recovery-as-a-Service Market was valued at USD 1.18 billion in 2023, expected to reach USD 1.30 billion in 2024, and is projected to grow at a CAGR of 10.09%, to USD 2.33 billion by 2030.

Disaster-Recovery-as-a-Service (DRaaS) involves cloud-based data protection services that enable businesses to securely back up their critical systems and data, ensuring quick recovery in the event of a disaster. Its necessity grows with increased reliance on data-driven operations across sectors. As businesses face threats ranging from cyberattacks to natural disasters, DRaaS offers a cost-effective, scalable, and flexible solution for business continuity. The end-use scope is broad, covering industries like finance, healthcare, retail, and government that demand stringent compliance and data protection. Market growth is largely driven by digital transformation, the proliferation of cloud computing, and the rising incidences of cybercrime. However, potential growth can be hampered by factors like data privacy concerns, high initial setup costs, and complex integration with existing IT infrastructure. Key opportunities lie in the growing adoption of hybrid cloud systems, the emergence of AI and machine learning for predictive risk assessment, and increased investment in IT infrastructure by SMEs. Businesses are recommended to focus on collaborations with cloud service providers to design tailored recovery solutions, enhance customer education on DRaaS benefits, and leverage AI for enhanced, automated recovery processes. Challenges include ensuring the scalability of services to handle large-scale data and addressing diverse regulatory compliance mandates. Innovation areas include developing more intuitive user interfaces, enhancing real-time data analytics for faster decision-making, and improving encrypted transit methods for data security. Additionally, there is potential for research in creating eco-friendly data centers to meet sustainability goals. The DRaaS market is dynamic and competitive, with a need for continuous innovation to meet the evolving demands of digital ecosystems, while simultaneously addressing the challenges of security, privacy, and seamless integration into existing IT setups.

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%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Disaster-Recovery-as-a-Service Market

The Disaster-Recovery-as-a-Service Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing adoption of cloud-based disaster recovery
- Rising volume of data generation in websites and mobile apps
- Increasing focus on delivering customer-centric applications
- Growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX)
Market Restraints
- Unwillingness of enterprises towards the adoption of cloud-based DR over traditional methods
- Issues related to deployment and lack of monitoring
Market Opportunities
- Extremity of AI and ML in DRaaS solutions to strengthen the DR strategies of enterprises
Market Challenges
- Issues in achieving security and compatibility in the cloud environment
- Lack of expertise to test an effective disaster recovery plan

Porter's Five Forces: A Strategic Tool for Navigating the Disaster-Recovery-as-a-Service Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Disaster-Recovery-as-a-Service Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Disaster-Recovery-as-a-Service Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Disaster-Recovery-as-a-Service Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Disaster-Recovery-as-a-Service Market

A detailed market share analysis in the Disaster-Recovery-as-a-Service Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Disaster-Recovery-as-a-Service Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Disaster-Recovery-as-a-Service Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Disaster-Recovery-as-a-Service Market

A strategic analysis of the Disaster-Recovery-as-a-Service Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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:

Based on Service Type, market is studied across Backup, Data Security, Professional Services, and Real-Time Protection.
Based on Service Providers, market is studied across Cloud Service Provider, Managed Service Provider, and Telecom & Communication Service Provider.
Based on Cloud Type, market is studied across Hybrid Cloud, Private Cloud, and Public Cloud.
Based on Company Size, market is studied across Large Companies, Mid-Sized Companies, and Small Companies.
Based on Deployment Model, market is studied across From Cloud DRaaS, In Cloud DRaaS, and To Cloud DRaaS.
Based on End User, market is studied across BFSI, Education, Government, IT & Telecom, Manufacturing & Logistics, Media & Entertainment, and Retail & E-Commerce.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

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. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

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

Companies Mentioned

1. 11:11 Systems Inc
2. Acronis International GmbH
3. Amazon Web Services, Inc.
4. Axcient
5. BIOS Middle East Group by ZainTech
6. Cable & Wireless Communications Limited
7. Cisco Systems, Inc.
8. Citrix by Cloud Software Group, Inc.
9. Daisy Corporate Services Holdings Limited
10. Databarracks Limited
11. Druva1
12. ESDS Software Solution Ltd.
13. Google LLC by Alphabet Inc.
14. Infrascale Inc.
15. International Business Machines Corporation
16. InterVision Systems, LLC
17. Microsoft Corporation
18. N-able, Inc.
19. Nippon Telegraph and Telephone Corporation
20. Nordia Infotech Pvt Ltd
21. OneNeck IT Solutions LLC by Telephone and Data Systems, Inc.
22. Open Text Corporation
23. Oracle Corporation
24. RackWare, Inc.
25. Recovery Point Systems, Inc.
26. Secur-Serv
27. Sungard Availability Services LP
28. Tata Communications Ltd.
29. Thrive Operations
30. TierPoint, LLC
31. Veoci Inc.
32. VMware, Inc.
33. Xigent LLC