PUBLISHER: Value Market Research | PRODUCT CODE: 1578252
PUBLISHER: Value Market Research | PRODUCT CODE: 1578252
The global demand for Disaster-Recovery-as-a-Service (DRaaS) Market is presumed to reach the market size of nearly USD 186.64 Billion by 2032 from USD 20.57 Billion in 2023 with a CAGR of 27.77% under the study period 2024-2032.
Disaster recovery as a service (DRaaS) is a cloud service model that enables an organization to back up data and IT infrastructure and provides all the data recovery orchestration through a SaaS platform. DRaaS is crucial to business continuity and regain access and functionality to IT infrastructure after a disaster. DRaaS is sometimes also termed as business continuity as a service (BCaaS). It is advantageous to organizations that lack the necessary expertise to provision, configure, and test an effective disaster recovery plan (DRP).
More frequent incidences of data corruption and cyber-attacks are steering the growth of the global disaster-recovery-as-a-service (DRaaS) market. Millions of businesses worldwide face some disasters such as power outages, hardware failure, file corruption, human error, among others. Many disasters have the potential to wreak havoc on an IT organization. Major interruptions like website going down or losing all customer data will likely occur. A rise in the adoption of the cloud increased, the need for business continuity, and growing efforts towards mitigating the risk of cyber-attacks on data center further fuels market growth. The emergence of Machine Learning and Artificial Intelligence is anticipated to strengthen the disaster-recovery strategies of enterprises. However, low awareness about the DRaaS model's benefit and security concerns is hampering the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Disaster-Recovery-as-a-Service (DRaaS). The growth and trends of Disaster-Recovery-as-a-Service (DRaaS) industry provide a holistic approach to this study.
This section of the Disaster-Recovery-as-a-Service (DRaaS) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global Disaster-Recovery-as-a-Service (DRaaS) Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Disaster-Recovery-as-a-Service (DRaaS) market include Acronis International GmbH, Amazon Web Services Inc., IBM Corporation, InterVision Systems LLC, Infrascale Inc., Microsoft Corporation, Recovery Point Systems Inc., Sungard Availability Services LP, TierPoint LLC, VMware Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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