Disaster Recovery as a Service Market
Disaster Recovery as a Service Market Size, Share & Trends Analysis Report by Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), by Organization Size (Large Enterprises, and Small and Medium Enterprises), and by Verticals (BFSI, Government and Public Sector, Media and Entertainment, Telecommunication and IT, Manufacturing, Retail, Healthcare, and Others) Forecast Period (2022-2028)
Disaster recovery as a service market is anticipated to grow at a considerable CAGR of 44.8% during the forecast period. The major factors that are augmenting the growth of the market are estimated to be the increasing cloud as a service market and increasing enterprise IT spending across various applications. Furthermore, the high adoption rate among SMEs, flexibility and automation capabilities, and faster recovery and cost-effective solutions are also estimated to be one of the major factors that are augmenting the growth of the market. Increasing ICT expenditure and increasing big data analytics market are the major factors driving the growth of the market. According to the International Trade Administration, the revenue generated by the ICT sector in India is expected to reach $1 trillion by 2050, or 20% of GDP. Moreover, India’s technology industry recorded its highest-ever rate of growth reaching $227 billion in revenue in 2021, from $200 billion in 2020, as per the National Association of Software and Services Companies (NASSCOM).
Segmental Outlook
The global disaster recovery as a service market is segmented based on deployment model, organization size, and verticals. Based on the deployment model, the market is subdivided into public cloud, private cloud, and hybrid cloud. Based on the organization the market is segmented into large enterprises and small and medium enterprises. Based on verticals, the market is categorized into BFSI, government and public sector, media and entertainment, telecommunication and IT, manufacturing, retail, healthcare, and others. Based on organization size, the large enterprises' segment is estimated to grow at a considerable rate. This enterprise heavily invested in advanced technologies to increase its overall profit. Meanwhile, the small and medium enterprises segment has witnessed favorable growth, as these enterprises require an extra data center for managing backup in critical situations.
Based on verticals, the healthcare segment is expected to grow at a reasonable rate. The growth is mainly augmented owing to rising cyberattacks in the healthcare industry, along with the advent of features such as reduction in downtime, decreasing operational costs, and maximizing profit offered by disaster recovery as a service in the healthcare sector, driving the segment growth. According to the CloudSEK report on ‘Increased cyberattacks on the global healthcare sector, the Indian healthcare industry faced 7.7% of cyberattacks while the US healthcare industry faced 28% of the total global attacks, in 2022.
Regional Outlooks
The global disaster recovery as a service market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, North America is estimated to be the leading region in the global disaster recovery as a service market owing high adoption rate of DRAAS in the end-user industry in the region. Asia Pacific is estimated to be the fastest-growing region owing to the high adoption rate among SMEs in the region.
Global Disaster Recovery as a Service Market Growth, by Region 2022-2028
The North American Region Is Expected to Hold a Prominent Share in the Global Disaster Recovery as a Service Market
The major factor that drives the market growth is the presence of major market players such as IBM Corp., Cisco System Inc., and others, along with the rising adoption of disaster recovery as a service in various end-user industries such as banking, healthcare, and SMEs boost the market growth in the region. Moreover, high investments in R&D activities coupled with growing demands for data centers are also responsible for creating high market demand during the forecast period. According to the US International Trade Commission, in the US there are over 2,600 data centers spread across the country.
Market Players Outlook
The major companies serving the global disaster recovery as a service market include Amazon Web Services, CA Technologies, Cable and Wireless Communication, Cisco Systems Inc., Geminare, Google Inc., HP Enterprise Company, IBM Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, Otava announced that it has achieved Validated status with VMware for its cloud-based Disaster Recovery solution. Otava’s disaster recovery as a service solution assists customers to solve data protection challenges for on-premises and cloud infrastructure and strengthen the company's position in delivering cloud-based disaster recovery to their clients.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global disaster recovery as a service market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segmentation
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendation
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Company
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Development
3.3. Key Strategy Analysis
4. Market Segmentation
4.1. Global Disaster Recovery as a Service Market by Deployment Model
4.1.1. Public Cloud
4.1.2. Private Cloud
4.1.3. Hybrid Cloud
4.2. Global Disaster Recovery as a Service Market by Organization
4.2.1. Large Enterprises
4.2.2. Small and Medium Enterprises
4.3. Global Disaster Recovery as a Service Market by Verticals
4.3.1. BFSI
4.3.2. Government and Public Sector
4.3.3. Media and Entertainment
4.3.4. Telecommunication and IT
4.3.5. Manufacturing
4.3.6. Retail
4.3.7. Healthcare
4.3.8. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amazon Web Services
6.2. CA Technologies
6.3. Cable and Wireless Communication, Ltd.
6.4. Cisco Systems Inc.
6.5. Econocom Nexica
6.6. HP Enterprise Co.
6.7. Iland Internet Solutions
6.8. IBM Corp.
6.9. Microsoft Corp.
6.10. NTT Communication Corp.
6.11. Rackspace Hosting Inc.
6.12. Recovery Point Systems, Inc.
6.13. Sungard Availability Services
6.14. Tierpoint Llc.
6.15. Verizon Enterprise Solution
6.16. Vmware Inc.
1. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
2. GLOBAL PUBLIC CLOUD DEPLOYMENT MODEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PRIVATE CLOUD DEPLOYMENT MODEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL HYBRID CLOUD DEPLOYMENT MODEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
6. GLOBAL DISASTER RECOVERY AS A SERVICE FOR LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL DISASTER RECOVERY AS A SERVICE FOR SMALL AND MEDIUM ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
9. GLOBAL DISASTER RECOVERY AS A SERVICE IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DISASTER RECOVERY AS A SERVICE IN GOVERNMENT AND PUBLIC SECTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DISASTER RECOVERY AS A SERVICE IN MEDIA AND ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DISASTER RECOVERY AS A SERVICE IN TELECOMMUNICATION AND IT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DISASTER RECOVERY AS A SERVICE IN MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DISASTER RECOVERY AS A SERVICE IN RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL DISASTER RECOVERY AS A SERVICE IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL DISASTER RECOVERY AS A SERVICE IN OTHER VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. NORTH AMERICAN DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
20. NORTH AMERICAN DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
22. EUROPEAN DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. EUROPEAN DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
24. EUROPEAN DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
25. EUROPEAN DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2021-2028 ($ MILLION)
32. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE MARKET RESEARCH AND ANALYSIS BY VERTICALS, 2021-2028 ($ MILLION)
1. GLOBAL DISASTER RECOVERY AS A SERVICES MARKET SHARE BY DEPLOYMENT MODEL, 2021 VS 2028 (%)
2. GLOBAL PUBLIC CLOUD DEPLOYMENT MODEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL PRIVATE CLOUD DEPLOYMENT MODEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL HYBRID CLOUD DEPLOYMENT MODEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET SHARE BY ORGANIZATION SIZE, 2021 VS 2028 (%)
6. GLOBAL DISASTER RECOVERY AS A SERVICE FOR LARGE ENTERPRISES MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL DISASTER RECOVERY AS A SERVICE FOR SMALL AND MEDIUM ENTERPRISES MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET SHARE BY VERTICALS, 2021 VS 2028 (%)
9. GLOBAL DISASTER RECOVERY AS A SERVICE IN BFSI MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL DISASTER RECOVERY AS A SERVICE IN GOVERNMENT AND PUBLIC SECTOR MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL DISASTER RECOVERY AS A SERVICE IN MEDIA AND ENTERTAINMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DISASTER RECOVERY AS A SERVICE IN TELECOMMUNICATION AND IT MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL DISASTER RECOVERY AS A SERVICE IN MANUFACTURING MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL DISASTER RECOVERY AS A SERVICE IN RETAIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL DISASTER RECOVERY AS A SERVICE IN OTHER VERTICALS MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. US DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
19. UK DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA DISASTER RECOVERY AS A SERVICES MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DISASTER RECOVERY AS A SERVICE MARKET SIZE, 2021-2028 ($ MILLION)
