The global disaster recovery as a service (DRaaS) market was valued at about $3 billion in 2018. North America disaster recovery as a service (DRaaS) market accounts for the largest share in the global disaster recovery as a service (DRaaS) market.
The disaster recovery as a service (DRaaS) market consists of sales of cloud-based disaster recovery as a service for protecting applications and data from the disruption caused due to disaster.
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Disaster Recovery As A Service (DRaaS) Market Size
The disaster recovery as a service (DRaaS) market is expected to grow to around $11 billion at a growth rate of around 39% through 2022. The rise in need for backing up public and private data drives the growth of the disaster recovery as a service market. There is 2.5 quintillion bytes of data created every day and a major factor contributing to the loss of this data is unplanned downtime of systems which further results in the shutdown of various companies.
However, many companies fear data breaches, as they are concerned about the company’s sensitive information being compromised and hence show a lack of trust in data security when sourcing from a third-party vendor. This lack of trust prevents people from adopting the DRaaS, which acts as a restraint for the DRaaS market.
Due to rise in the number of cyber threats, companies started using AI and Machine Learning in DRaaS solutions to detect threats and unusual behavior in advance.
Major players in the market are Amazon Web Services (Washington, US), IBM Corporation (Armonk, New York, US), Cisco Systems, Inc., Microsoft Corporation (Washington, US) and Citrix Systems (Florida, US).
Amazon Web Services (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms to individuals, companies, and governments, on a metered pay-as-you-go basis.
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Few Points From Table of Contents:
1. Executive Summary
2. Disaster Recovery As A Service (DRaaS) Market Characteristics
3. Disaster Recovery As A Service (DRaaS) Market Size And Growth
3.1. Global Disaster Recovery As A Service (DRaaS) Historic Market, 2014 – 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Disaster Recovery As A Service (DRaaS) Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Disaster Recovery As A Service (DRaaS) Market Segmentation
4.1. Global Disaster Recovery As A Service (DRaaS) Market, Segmentation By Service Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Backup & Recovery
Real-Time Replication
Data Protection
4.2. Global Disaster Recovery As A Service (DRaaS) Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Banking
Financial services and insurance (BFSI)
Government
IT and telecom
Media and entertainment
Manufacturing and logistics
Education
4.3. Global Disaster Recovery As A Service (DRaaS) Market, Segmentation By Deployment Model, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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