Global Disaster Recovery-as-a-Service Market, By Service Type (Backup and Recovery, Real-Time Replication, Data Protection, Professional Services), Service Provider (Cloud Service Providers, Managed Service Providers, Telecommunications Service Providers, Others), Organization (Small and Medium Enterprises, Large Enterprises), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Vertical (Banking, Financial Services and Insurance (BFSI), Telecommunications, IT and ITES, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, and Others) – Industry Trends and Forecast to 2030.
Disaster Recovery-as-a-Service Market Analysis and Size
This rise in the disaster recovery-as-a-service market can be attributed to the increased adoption of hybrid deployment models and the rising trend of adoption of managed services. The increased adoption of cloud-based solutions by small and medium-sized enterprises is a key disaster recovery-as-a-service market growth driving factor. Rising technological advancements and gradations in the IT sector coupled with increasing digitization of economies will further aggravate the demand for a disaster recovery-as-a-service market.
Data Bridge Market Research analyses that the disaster recovery-as-a-service market, which was USD 11,652.35 million in 2022, would rocket up to USD 27,290.43 million by 2030 and is expected to undergo a CAGR of 24.9% during the forecast period. "Backup and Recovery" dominates the service type segment of the Disaster Recovery-as-a-Service market owing to the high demand of this type in the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Service Type (Backup and Recovery, Real-Time Replication, Data Protection, Professional Services), Service Provider (Cloud Service Providers, Managed Service Providers, Telecommunications Service Providers, Others), Organization (Small and Medium Enterprises, Large Enterprises), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Vertical (Banking, Financial Services and Insurance (BFSI), Telecommunications, IT and ITES, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, and Rest of South America as part of South America.
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Market Players Covered
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IBM Corporation (India), Oracle (Japan), Microsoft (U.S.), Recovery Point (U.S.), iland (Spain), VMware, Inc. (U.S.), AGT International Inc (U.S.), Foghorn Systems (U.K.), CGI Group Inc. (U.S.), Analytic Edge (U.K.), Prism Tech (France), Bit Stew Systems (Netherlands), Bright Wolf (U.S.), Camgian Microsystems (U.S.), EUROTECH (Japan), Kepware Technologies (U.S.), and Flowthings.io (U.S.)
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Market Opportunities
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Market Definition
Disaster recovery-as-a-service is a backup technological system replicating and recovering disrupted data caused by disasters. The disaster recovery-as-a-service is a result of companies' disaster recovery plans. A successful application of disaster recovery-as-a-service assures business continuity.
Disaster Recovery-as-a-Service Market Dynamics
Drivers
- Significant Growth in Low Latency Requirement
There is a growing need for low-latency data analysis with the rise of real-time applications like autonomous vehicles and industrial automation. Disaster recovery-as-a-service enables data processing closer to the source, reducing the time it takes to make decisions.
- Growing Technological Advancements
The development of technologically advanced automation solutions and the integration of the Industrial Internet of Things (IIoT) and cloud computing are other growth-inducing factors. These solutions offer improved support and monitoring of remote sites, cloud-based tracking, smart event processing, and administration of unmanned operations.
Opportunities
- Increase in the Data Privacy and Security
Disaster recovery-as-a-service helps organizations keep sensitive data on-premises, reducing the risk of data breaches and ensuring compliance with data privacy regulations. This is especially critical in industries like healthcare and finance.
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Rising Automation Industry
The increasing adoption of the automation industry and various technological advancements have significantly contributed to the growth of the global disaster recovery-as-a-service market. Advances in automation, robotics, and RFID technology enable improving accuracy and reducing operational costs.
Restraints/Challenges
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Rising competition
The Disaster recovery-as-a-service market is highly competitive, with numerous companies offering various products. This can make it challenging for new entrants or smaller companies to gain market share and establish a strong presence.
- High cost associated with implementation
The cost of disaster recovery-as-a-service is very high in the market. Automotive systems and payers face cost pressures and a growing demand for cost-effective solutions. Manufacturers must balance innovative implants' development with affordability to meet market demands.
This disaster recovery-as-a-service market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the disaster recovery-as-a-service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In February 2023, Veeam Software, the leader in Modern Data Protection, announced the NEW Veeam Data Platform today, a single platform delivering more advanced data security, recovery, and hybrid cloud capabilities than ever before. The Veeam Data Platform, which includes Veeam Backup & Replication (VBR) v12, provides best-in-class secure backup and fast, reliable recovery that keeps business running
Global Disaster Recovery-as-a-Service Market Scope
The disaster recovery-as-a-service market is segmented based on service type, service provider, organization, deployment model, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service Type
- Backup and Recovery
- Real-Time Replication
- Data Protection
- Professional Services
- Training
- Education and Consulting
- Support and Maintenance
Service Provider
- Cloud Service Providers
- Managed Service Providers
- Telecommunications Service Providers
- Others
Oraganization
- Small and Medium Enterprises
- Large Enterprises
Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
Vertical
- Banking
- Financial Services and Insurance (BFSI)
- Telecommunications
- IT and ITES
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing Energy and Utilities
- Media and Entertainment
- Healthcare and Life Sciences
- Others
- Education
- Travel and Hospitality
- Transportation and Logistics
Disaster Recovery-as-a-Service Market Regional Analysis/Insights
The Disaster Recovery-as-a-Service market is analyzed and market size insights and trends are provided by country, service type, service provider, organization, deployment model, and vertical, as referenced above.
The countries covered in the disaster recovery-as-a-service market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, and rest of South America as part of South America.
North America dominates the disaster recovery-as-a-service market because of the strong base of automotive facilities and the strong presence of major players.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to increased government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, and large population pool.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
ICT Infrastructure growth Installed base and New Technology Penetration
The Disaster Recovery-as-a-Service market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Disaster Recovery-as-a-Service market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Disaster Recovery-as-a-Service Market. The data is available for historic period 2011-2021.
Competitive Landscape and Disaster Recovery-as-a-Service Market Share Analysis
The disaster recovery-as-a-service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the disaster recovery-as-a-service market are:
- IBM Corporation (India)
- Oracle (Japan)
- Microsoft (U.S.)
- Recovery Point (U.S.)
- iland (Spain)
- VMware Inc. (U.S.)
- AGT International Inc (U.S.)
- Foghorn Systems (U.K.)
- CGI Group Inc. (U.S.)
- Analytic Edge (U.K.)
- Prism Tech (France)
- Bit Stew Systems (Netherlands)
- Bright Wolf (U.S.)
- Camgian Microsystems (U.S.)
- EUROTECH (Japan)
- Kepware Technologies (U.S.)
- Flowthings.io (U.S.)
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