Disaster Recovery as a Service (DRaaS) Scope and Overview 2023:

Disaster Recovery as a Service (DRaaS) Market has emerged as a game-changer in the realm of business continuity and data protection. DRaaS offers a cloud-based solution that enables organizations to swiftly recover their critical IT infrastructure and data in the event of a disaster or system failure. Traditionally, disaster recovery involved costly and complex on-premises infrastructure, often requiring significant upfront investments. DRaaS, on the other hand, provides a more cost-effective and scalable alternative. By leveraging cloud technology, organizations can replicate and store their data and applications in secure off-site data centers, ensuring redundancy and availability. This allows for rapid failover and seamless recovery, minimizing downtime and potential data loss. DRaaS providers also offer the advantage of expert management and maintenance, freeing up internal IT teams from the burden of managing complex disaster recovery processes. As businesses prioritize resilience and continuity, DRaaS has become an indispensable component of their overall disaster recovery strategy.

The Disaster Recovery as a Service (DRaaS) market is experiencing exponential growth, driven by the increasing awareness of the importance of business continuity, as well as the rising frequency of cyberattacks and natural disasters. Organizations of all sizes and industries are recognizing the need for a comprehensive disaster recovery solution that ensures the continuous availability of their critical systems and data. DRaaS offerings cater to this demand by providing flexible and customizable plans to suit various business needs. From small businesses looking to protect their essential data to large enterprises seeking a robust failover solution for complex applications, DRaaS providers offer a wide array of services to meet different requirements. Additionally, the ease of deployment and scalability of DRaaS solutions appeals to businesses in today’s dynamic and ever-changing digital landscape. As technology continues to evolve, and data becomes even more integral to business operations, the DRaaS market is projected to witness continuous growth, with providers innovating to offer more robust, secure, and user-friendly solutions.

According to SNS Insider, the Disaster Recovery as a Service (DRaaS) Market size was estimated at US$ 9.12 Bn in 2022, and is expected to reach US$ 41.62 Bn by 2030, with a growing healthy CAGR of 20.9% over the forecast period 2023-2030.

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Major Key Players Analysis Covered in Disaster Recovery as a Service (DRaaS) Report are listed below:

  • Honeywell International
  • Otava LLC
  • Cohesity
  • Amazon Web Services
  • IBM Corporation
  • VMware
  • RackWare LLC
  • Commvault Systems
  • Infrascale
  • Veeam
  • Stratacore
  • Rubrik
  • Stellar Information Technology Pvt. Ltd.
  • Commvault Systems
  • Wipro Limited
  • Rockwell Collins
  • Lockheed Martin Corporation
  • Motorola Solutions
  • Siemens AG
  • FirstLight
  • Others

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The research thoroughly examines the market for the relevant time frame. In-depth analysis of market rivals is part of Disaster Recovery as a Service (DRaaS) Market research, which also looks at a company’s background, finances, and SWOT analysis. The study focuses on COVID-19’s current market position as well as potential expansion avenues. Market size, revenue, production, consumption, gross margin, pricing, and market-influencing factors are all thoroughly examined in this study. The analysis looks into the micro- and macroeconomic factors that could affect market demand.

According to the market report, they increased their market share and global footprint through mergers and acquisitions, collaborations, joint ventures, partnerships, product launches, and agreements. The report looks into the main motivating and restraining factors in the Disaster Recovery as a Service (DRaaS) industry, as well as current trends and potential future developments. Due to the use of cutting-edge technologies and industrial advancements, the sector is expected to grow.

Market Segmentation Analysis

According to the report, the Disaster Recovery as a Service (DRaaS) Market is segmented by product type, end use, and application. Each market segment is rated based on its growth rate and market share. The experts also looked at a variety of industries where manufacturers might succeed in the next years. Market research provides precise value and volume estimations, allowing market participants to have a complete picture of the industry. The segments in the research are examined using market share, consumption, production, market attractiveness, and other relevant factors.

Market Segmentation & Sub-segmentation included are:

By Deployment Mode

  • Public
  • Private

By Service Type

  • Real-time Replication
  • Backup & Restore
  • Data Protection
  • Professional Services

By Organization Size

  • Large Enterprises
  • Small & Medium-Sized Enterprises

By Vertical

  • Banking, Financial Services & Insurance
  • Telecommunications
  • IT & ITeS
  • Government & Public Sector
  • Retail & Consumer Goods
  • Manufacturing
  • Energy & Utilities
  • Media & Entertainment
  • Healthcare & Life Sciences
  • Other Verticals

Competitive Outlook

The analysis examines the company summaries, growth goals, and business strategies of the leading market players. In its statistical analysis of the global Disaster Recovery as a Service (DRaaS) Market, it includes CAGR, revenue, volume, market share, and other relevant data. It contains a significant amount of global market intelligence research. To satisfy your specific demands, we can add as many competitors as you like for our competitive study. Additionally, our analysts can offer unformatted Excel files, pivot tables, and assistance in making presentations using the study’s data sets.

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In this study, the years considered to estimate the market size of Cloud Computing are as follows:

  • History Year: 2019-2021
  • Base Year: 2022
  • Estimated Year: 2023
  • Forecast Year 2023 to 2030

Regional Analysis Covered in this report:

  • North America [United States, Canada]
  • Europe [Germany, France, U.K., Italy, Russia]
  • Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
  • Latin America [Mexico, Brazil, Argentina]
  • Middle East & Africa [Turkey, Saudi Arabia, UAE]
  • Others

Reasons to Buy the Disaster Recovery as a Service (DRaaS) Market Report

This analysis provides a comprehensive forecast of how each segment will contribute to the expansion of the Disaster Recovery as a Service (DRaaS) Market as well as useful market insights into how COVID-19 will affect each segment. This gives the report a distinctive viewpoint and overview of the study’s global aspects, enabling more accurate and appropriate decision-making. Our strategic insights are designed to provide dependable and useful responses to market players’ specific needs.

Report Conclusion

The competitive environment and the tactics used by the biggest rivals can be better understood by company participants with the help of Disaster Recovery as a Service (DRaaS) Market research. Participants in the market will benefit from this study’s increased business knowledge and competitive edge.

Table of Contents – Major Key Points

  1. Introduction
  2. Research Methodology
  3. Market Dynamics
  4. Impact Analysis
    • COVID-19 Impact Analysis
    • Impact of Ukraine- Russia war
    • Impact of Ongoing Recession on Major Economies
  5. Value Chain Analysis
  6. Porter’s 5 Forces Model
  7. PEST Analysis
  8. Disaster Recovery as a Service (DRaaS) Market Segmentation, By Deployment Mode
  9. Disaster Recovery as a Service (DRaaS) Market Segmentation, By Service Type
  10. Disaster Recovery as a Service (DRaaS) Market Segmentation, By Organization Size
  11. Disaster Recovery as a Service (DRaaS) Market Segmentation, By Vertical
  12. Regional Analysis
  13. Company Profiles
  14. Competitive Landscape
  15. Conclusion

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