Market Scope:

The global disaster recovery as a service market size was estimated to be worth USD 32.3 billion in 2022 and is projected to reach USD 140.5 billion by 2030, at a compound annual growth rate (CAGR) of 20.0% during the forecast period (2023 - 2030).

The increasing need for business continuity is one of the primary factors driving market growth. Moreover, the need to lower the total cost of ownership and minimize recovery time objective (RTO) and recovery point objective (RPO) is driving adoption of DRaaS solutions.

Key Market Segments:

The global DRaaS market is segmented on the basis of operating model, service type, deployment mode, organization size, end-use industry, and region.

By operating model, the market is sub-segmented into managed DRaaS, assisted DRaaS, and self-service DRaaS. Managed DRaaS is the most popular segment, as it offers a comprehensive solution that is managed by a third-party provider. Assisted DRaaS is a good option for businesses that want more control over their DRaaS solution, while self-service DRaaS is the most cost-effective option, but it requires businesses to have the necessary expertise to manage the solution.

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By service type, the market is classified into real-time replication, backup & restore, data protection, and others. Real-time replication is the most popular service type, as it ensures that data is always up-to-date in the DRaaS environment. Backup & restore is a good option for businesses that want to have a historical copy of their data, while data protection is a good option for businesses that need to protect their data from cyber threats.

By deployment mode, the market is sub-segmented into public cloud and private cloud. Public cloud is the most popular deployment mode, as it offers a scalable and cost-effective solution. Private cloud is a good option for businesses that have specific security or compliance requirements.

By organization size, the market is segmented into small and medium-sized businesses (SMBs) and large enterprises. SMBs are the largest market segment, as they are increasingly adopting DRaaS solutions to protect their businesses from downtime. Large enterprises are also adopting DRaaS solutions, but they are more likely to use a hybrid deployment model that combines public cloud and private cloud.

By end-use industry, the market is segmented into BFSI, healthcare, retail, IT & telecom, government, and others. BFSI is the largest market segment, as financial institutions are required to have a robust DRaaS solution in place to protect their critical data. Healthcare and retail are also important end-use industries, as they are increasingly adopting DRaaS solutions to protect their sensitive data.

Key Companies:

Some of the key companies operating in the global DRaaS market include:

  • Amazon Web Services (AWS)
  • IBM
  • Microsoft
  • VMware
  • Sungard AS
  • Acronis
  • Google Cloud Platform (GCP)
  • Dell
  • Nutanix

Market Drivers:

The following are some of the key drivers of the global DRaaS market:

  • Increasing need for business continuity
  • Rising adoption of cloud computing
  • Growing awareness of the importance of data protection
  • Increasing cyber threats
  • Regulatory compliance requirements

Recent Developments:

The following are some of the recent developments in the global DRaaS market:

  • In January 2023, AWS launched a new DRaaS service called AWS Disaster Recovery.
  • In February 2023, IBM announced that it was acquiring Softlayer Technologies, a cloud computing provider.
  • In March 2023, Microsoft launched a new DRaaS service called Azure Site Recovery.
  • In April 2023, VMware announced that it was acquiring Zerto, a DRaaS provider.

Key Benefits for Stakeholders:

The following are some of the key benefits of DRaaS for stakeholders:

  • Reduced downtime
  • Increased data protection
  • Improved compliance
  • Lower costs
  • Increased flexibility

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