Disaster Recovery as a Service (DraaS) Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Disaster Recovery as a Service (DraaS) Market.
The global Disaster Recovery as a Service (DraaS) Market size is 8.8 billion USD in 2022 and is projected to reach a CAGR of 22.9% from 2023-2030.
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Disaster recovery as a service is a cloud computing service that is used to back up the data in an organization. The data will be stored by a third-party cloud computing service, and in this way, the organization doesn’t have to own all the data or handle all the management disaster recovery, instead of it they can rely on a service provider. This is a cost-effective process, and it gives faster data recovery with flexibility.
Disaster recovery as a service market driver helps the market to grow and boost demand. One of the major drivers is the adoption of cloud services in organizations. The need for cloud computing is growing day by day, and it is showing a positive impact on global disaster recovery as a service market. Another driver of the disaster recovery service market size is cost-effectiveness. Many IT companies are trying to reduce their budget, and they are opting for disaster recovery services to help them with reducing costs. Data recovery is one of the drivers that is driving the growth of disaster recovery as a service business. With the data recovery solution, organizations can back up their valuable data with the help of disaster recovery as a service in case of a disaster or system failure.
Competitive Landscape
• Microsoft
• IBM Corporation
• VMware, Inc.
• Amazon Web Services, Inc.
• Acronis International GmbH
• iland
• Sungard Availability Services LP
• Axcient
• Unitrends
• Infrascale, Inc.
• Cloudian
• Nutanix
• Carbonite, Inc.
• phoenixNAP
• Recovery Point Systems, Inc
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Key Findings:
The service type segment is further segmented into Real-time Replication, Backup & Restore, Data Protection, and Professional Services. The Backup & Restore segment is anticipated to maintain its dominance during the forecast period.
The organization size segment is further bifurcated into Large Enterprises and Small & Medium Sized Enterprises. The Large Enterprises segment is expected to dominate the market during the forecast period. Large enterprises heavily invest in advanced technologies to increase their overall productivity and efficiency.
Regional Analysis
Asia Pacific to Dominate the Market
Asia Pacific is the fastest-growing region in terms of cloud workloads and gaining traction mainly due to the high growth of technology adoption in countries such as China and India. The increasing availability of skilled labor and SMEs’ keen focus on entering and growing in this region are a few factors driving the adoption of DRaaS in the Asia Pacific.
Businesses across the region are cautious about their investment plans and focus on affordable options. Thus, public cloud services have gained huge traction in the Asia Pacific as they offer scalability, reliability, accessibility, and affordability.
The Report helps to identify the opportunities in Global Regions:
• North America (the United States, Canada, and Mexico)
• Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
• South America (Brazil etc.)
• The Middle East and Africa (North Africa and GCC Countries)
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Reasons to Acquire
• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Disaster Recovery as a Service (DraaS) Market so as to understand the trends and the factors involved in changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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