The global disaster recovery as a service market is anticipated to grow at a considerable CAGR of 44.8% during the forecast period. The major factor driving the growth of the global disaster recovery as a service (DRaaS) market during the forecast period is the increasing cloud misconfigurations and the increasing adoption of cloud-based solutions across the globe. According to CheckPoint report 2020, there was a threat of 68% configuration error in the cloud platform which was followed by 58% of unauthorized cloud access and 52% unsecured interfaces as well as 50% account theft. Furthermore, as per the NETSCOUT Threat Intelligence report, in 2020, DDoS attacks became more prevalent with 4.83 million attacks in the first half of the year.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/disaster-recovery-as-a-service-market
Moreover, the growing emergence of AI and ML in DRaaS solutions is boosting the growth of the market. Software solution vendors are investigating the development of innovative solutions backed up by cutting-edge technologies such as Artificial Intelligence (AI) and Machine Learning (ML). Additionally, the adoption of AI has increased, and incorporating AI in DRaaS can provide several benefits in protecting and recovering data. For instance, in April 2022, Virtuozzo announced that Joe’s Datacenter uses Virtuozzo’s Cloud Platform to deliver Disaster Recovery as a Service (DRaaS) in its cloud environment. Hosting DRaaS on its proprietary infrastructure enables the service provider to maintain control of the disaster recovery journey while leveraging its infrastructure management expertise. Deploying Joe’s Acronis DRaaS using Virtuozzo’s on-premise cloud infrastructure, simplifies integration and optimizes the performance of both companies’ technologies, which in turn increased profitability for managed service providers (MSPs) and simpler, fully protected cloud capabilities for business customers.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Deployment Model
o By Oganization Size
o By Verticals
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape –Amazon Web Services, CA Technologies, Cable and Wireless Communication, Cisco Systems Inc., Geminare, Google Inc., HP Enterprise Company, IBM Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Disaster Recovery as a Service Market Report Segment
By Deployment Model
By Organization Size
By Verticals
Global Disaster Recovery as a Service Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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