Disaster recovery as a service MarketMarket size is expected to grow at a CAGR of 20.0% by 2030

Research Reports

Apr 13, 2023

Market Research Future Highlights

The disaster recovery as a service market was valued at USD 8.8 billion in 2022. It is projected to reach USD 140.5 billion over the next five years, registering a CAGR of 20.0%. The increased need for business continuity is one of the primary factors driving the market growth.

The disaster recovery service market refers to a segment of the information technology industry that provides businesses with the ability to recover data and systems in the event of a disaster or other disruptive event. This market includes a wide range of products and services, including backup and recovery solutions, cloud-based disaster recovery services, managed services, and consulting and implementation services.

Key Players

The disaster recovery service market is highly competitive, with many global and regional players offering a range of products and services. Here are some of the key players in the disaster recovery service market:

IBM Corporation, Microsoft Corporation, Amazon Web Services, Inc., Sungard Availability Services, Acronis International GmbH, Datto, Inc., iland Internet Solutions, TierPoint LLC, Infrascale Inc., Flexential Corporation.

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Disaster recovery as a service Market Report Scope:

Parameter Details
Revenue Forecast in 2030: USD 140.5 Billion
Growth Rate: CAGR of 20.0% from 2023 to 2030
Forecast Period: 2023 -2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

 

Regional Analysis

The disaster recovery service market is a global market with significant growth potential. However, the market size, growth rate, and key trends can vary by region. Here is a regional analysis of the disaster recovery service market:

North America: North America is the largest market for disaster recovery services, driven by the high adoption rate of cloud-based services, the presence of a large number of service providers, and increasing awareness of the importance of business continuity. The United States is the major contributor to the market in this region, followed by Canada.

Europe: Europe is the second-largest market for disaster recovery services, driven by the increasing demand for data protection and business continuity. The United Kingdom, Germany, and France are the major contributors to the market in this region.

Asia-Pacific: The Asia-Pacific region is the fastest-growing market for disaster recovery services, driven by the increasing adoption of cloud-based services, digital transformation, and rising awareness about data security. The major contributors to the market in this region are China, India, and Japan.

Latin America: The Latin American market for disaster recovery services is growing steadily, driven by the increasing adoption of cloud-based services, digital transformation, and the need for business continuity. Brazil, Mexico, and Argentina are the major contributors to the market in this region.

Middle East and Africa: The Middle East and Africa market for disaster recovery services is growing, driven by the increasing demand for data protection and business continuity. The United Arab Emirates, Saudi Arabia, and South Africa are the major contributors to the market in this region.

Overall, the disaster recovery service market is a global market with significant growth potential. The demand for disaster recovery services is increasing in all regions, driven by the growing awareness of the importance of data protection and business continuity.

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Market Segmentation

The disaster recovery service market can be segmented based on different factors such as deployment type, service type, organization size, vertical, and region. Here are some common market segmentation criteria for the disaster recovery service market:

Deployment Type: This segment can be divided into on-premises and cloud-based deployment models. On-premises disaster recovery services are delivered and installed in-house, while cloud-based disaster recovery services are delivered over the cloud, enabling faster and easier disaster recovery solutions.

Service Type: This segment can be divided into backup and recovery, real-time replication, data archiving, and others. Backup and recovery services involve backing up data for disaster recovery purposes. Real-time replication services ensure the continuous replication of data to avoid data loss during a disaster. Data archiving services ensure long-term data preservation.

Organization Size: This segment can be divided into small and medium-sized enterprises (SMEs) and large enterprises. SMEs often have limited resources and may prefer cloud-based disaster recovery services, while larger enterprises may have the resources to invest in on-premises disaster recovery solutions.

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