According to IMARC Group’s latest report, titled “Disaster Recovery as a Service (DRaaS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global disaster recovery as a service market to grow at a CAGR of 18.40% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Disaster Recovery as a Service (DRaaS) is a third-party cloud computing and backup service model. It helps in recovering data centers and virtual servers in case of a natural or man-made disaster. The backup is usually made on public, private, or hybrid cloud storage. DRaaS finds extensive applications across diverse industries as it protects confidential information and ensures smoother business operations by reducing downtime and disruptions.
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Rapid digitization, along with the rising adoption of cloud-based services across various sectors, has augmented the global market for DRaaS. Furthermore, the increasing traction of DRaaS for mitigating the need for secondary recovery tools further propels the service demand. The growing penetration of DRaaS to escalate the data recovery process with minimal complexities is also bolstering the market growth. Additionally, the rising awareness towards the recovery benefits of DRaaS has propagated its utilization across small- and medium-sized enterprises. Moreover, several technological advancements, such as the advent of intelligent data replication, automated testing and virtual machine inventory, are further catalyzing the market growth. Besides this, the growing incidences of cyber-attacks and extensive R&D activities across the globe are expected to burgeon the demand for DRaaS in the coming years.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of service type, service provider, deployment model, end-user and geography.
Breakup by Service Type:
Breakup by Service Provider:
Breakup by Deployment Model:
Breakup by End-User:
Breakup by Vertical:
Breakup by Geography:
Key highlights of the report:
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