Disaster Recovery as a Service Market Size, Share and Forecast 2032

Global Disaster Recovery as a Service Market: Insights

According to the report published by Zion Market Research, the global Disaster Recovery as a Service Market size was valued at USD 13.25 Billion in 2023 and is predicted to reach USD 105.6 Billion by the end of 2032. The market is expected to grow with a CAGR of 25.94% during the forecast period. The report analyzes the global Disaster Recovery as a Service Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Disaster Recovery as a Service industry.

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Global Disaster Recovery as a Service Market: Overview

With the help of disaster recovery as a service, the enterprises can duplicate their virtual and physical servers through the third party vendor’s cloud services thus avoiding the loss of data which can be caused by human errors or other reasons. To develop own disaster recovery strategy can be complex, expensive, and time-consuming, thus increasing the demand for the disaster recovery as a service solution.

Global Disaster Recovery as a Service Market: Growth Factors

The major factor that is driving the disaster recovery as a service market is the growth in the adoption rate of virtualization and automation in the industrial sectors. The benefits of using disaster recovery as a service solution is that they are flexible and are cost effective along with this the increasing trend of the enterprises to use managed services is accelerating the demand of the market. The factors that are going to restrain the growth of the market is the lack of security and compliance and the growing bandwidth requirements will limit the market growth.

Key Insights

• As per the analysis shared by our research analyst, the global Disaster Recovery as a Service Market is estimated to grow annually at a CAGR of around 25.94% over the forecast period (2024-2032).
• In terms of revenue, the global Disaster Recovery as a Service Market size was valued at around USD 13.25 Billion in 2023 and is projected to reach USD 105.6 Billion by 2032.
• Based on the cloud type, segmentation by cloud type typically includes public, private, and hybrid cloud models. Among these, the public cloud segment is often the most dominant, primarily due to its cost-effectiveness, scalability, and ease of deployment. Public cloud DRaaS solutions are particularly appealing to small and medium-sized enterprises (SMEs) that seek robust disaster recovery options without the overhead of maintaining physical infrastructure.
• Based on the verticals, the IT and telecommunications sector frequently emerges as the leading segment. This dominance is attributed to the critical need for continuous uptime and data integrity in these industries, where even minimal downtime can lead to significant operational and financial repercussions. Consequently, organizations within this vertical prioritize investment in comprehensive disaster recovery solutions.
• Based on the services, the DRaaS market is segmented into backup and recovery, real-time replication, and data protection services. Among these, the backup and recovery segment generally holds the largest market share. This prominence is due to the fundamental necessity for businesses to ensure data availability and integrity, making backup and recovery services a cornerstone of disaster recovery strategies across various industries.
• Based on the end users, large enterprises are typically the most dominant segment in the DRaaS market. These organizations often have complex IT infrastructures and a heightened need for robust disaster recovery solutions to maintain business continuity. Their substantial resources allow for significant investment in DRaaS offerings, driving demand and innovation within the market.
• Based on the region, North America usually stands out as the leading region in the DRaaS market. This leadership is driven by the region's advanced technological infrastructure, high adoption rates of cloud services, and stringent regulatory requirements for data protection and business continuity. The presence of numerous key market players and a strong focus on digital transformation further bolster North America's dominant position in the global DRaaS landscape.

Global Disaster Recovery as a Service Market: Report Scope

Global Disaster Recovery as a Service Market: Segmentation

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The market for disaster recovery as a service is globally fragmented into cloud type, verticals, services, and end users. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the cloud type, the global market is segregated into public cloud, private cloud, and hybrid cloud.

Based on the verticals, the market is categorized into healthcare, transportation, government, BFSI, media and entertainment, and others.

Based on the service type, the market is divided into backup, professional services, real-time protection, data security, and others.

Based on the end user, the market is bifurcated into large enterprises and SMEs.

Global Disaster Recovery as a Service Market: Regional Analysis

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The global disaster recovery as a service market is regionally diversified into Western Europe, Eastern Europe, Latin America, the Middle East & Africa, North America, and Asia Pacific. The regions that are dominating the disaster recovery as a service market are North America and Western European regions. The factors that contribute to the market growth in the North American region are the increased presence of the key disaster recovery as a service vendors and the U.S. has the highest adoption rate of this technology. The market growth in the Asia Pacific region is expected to experience a significant market growth in the coming years. The factors that are contributing to the market growth in Asia Pacific region are increasing cases of the cyber attacks, growing business automation, and the increase in the investments that are made in this technology by the organizations. The regions such as Eastern Europe and Latin America will also experience a significant market growth in the coming years.

Global Disaster Recovery as a Service Market: Competitive Players

The key market players that are involved in the disaster recovery as a service market include:

• Amazon Web Services
• Microsoft Corporation
• International Business Machines Corporation
• Vmware, Inc.
• Cisco Systems, Inc.
• and others.

Global Disaster Recovery as a Service Market: Segmentation

The Global Disaster Recovery as a Service Market is segmented as follows:

By Cloud Type 

• Public Cloud 
• Private Cloud
• Hybrid Cloud 

By Verticals 

• Healthcare 
• Transportation 
• Government 
• BFSI
• Media And Entertainment
• And Others 

By Services 

• Backup
• Professional Services
• Real-time Protection
• Data Security
• And Others 

By End Users 

• Large Enterprises
• SMEs

Global Disaster Recovery as a Service Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.