Disaster Recovery-as-a Service Market, reaching US$ 75.22 Billion by the year 2030 at a scintillating CAGR of 24.8% in the forecast period 2022 to 2030

NEWARK, Del: The global Disaster Recovery-as-a-Service (DRaaS) Market was worth US$ 12.81 Billion in the year 2022 and is expected to reach US$ 75.22 Billion by the end of the year 2030 at an astounding CAGR of 24.8% between 2022 and 2030.

The present scenario is such that more than 80% of enterprises are using cloud infrastructure to deploy data protection strategies. In the majority of cases, DPaaS (data protection as a service) solutions are getting utilized to provide security for the particular application, or compliance necessity. DRaaS could be referred to as a cloud-based model letting organizations for backing-up or recover crucial data that is kept in a 3^rd-party cloud environment.

On these grounds, Unitrends, in April 2020, came up with an AI-driven self-healing software as a Service (SaaS) platform called ‘Unitrends Helix’ to monitor and automatically fix common problems that are faced by IT administrators while controlling back-ups. Saving on downtime is the biggest advantage.

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Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Disaster Recovery-as-a-Service Market’. It has a team of analysts and consultants to execute using a 360-degree approach in its primary, secondary, and tertiary modes of research.

“With the world looking upon the multi-cloud environment as a prominent data security platform, the global Disaster Recovery-as-a-Service market is likely to explode in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Disaster Recovery-as-a-Service Market

• North America holds more than 25% of the market share due to the SMEs adopting advanced resilience along with huge enterprises following suit. Plus, there is a growing demand for DRaaS from the telecommunication, business, and IT verticals. Flexential Corporation, in March 2019, has gone ahead with the expansion of its DRaaS business portfolio by entering Denver and Portland (Oregon).
• The Asia-Pacific is expected to grow at the fastest rate in the Disaster Recovery-as-a-Service market with China leading from the front. Governments in countries like China and India are making it mandatory to expand adopting cloud technologies.
• Europe is expected to showcase remarkable growth over here with mandates put forward by the European GDPR (General Data Protection Regulation).

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Competitive Analysis

• Citrix has, of late, launched ‘Citrix Virtual Apps and Desktops – Disaster Recovery Planning’; thereby encompassing requirements of a wide spectrum of end-users; right from BFSI to healthcare.
• Axcient has developed an exhaustive set of DRaaS solutions at a much-reduced price that does away with software licensing, hardware, maintenance and hosting costs linked with running a VMware recovery site.
• Infrascale Inc., in June 2019, entered into a partnership with A.R. International Consulting, LLC for providing cloud-based, hybrid DRaaS solutions to customers. The company has also agreed upon offering a recovery guarantee of close to 15 minutes in the wake of unforeseen downtime.
• Druva, Inc., in March 2019, announced an improvement of its DRaaS solution for offering better orchestration as well as automation. The solution does reduce the overall ownership cost by close to 60%.
• SpaceX, in February 2023, came up with second-generation Starlink broadband satellites. The organization did postpone the launch from Monday afternoon with the objective of waiting for the radiation levels to reduce post-solar storm-causing auroral displays visible over Canada and Northern Europe.
• CyberFortress, in November 2022, did announce launching its 24/7 live support for every backup and recovery service and product. It is known for providing Veeam-powered Managed DRaaS.
• Otava, in February 2022, announced that VMware provided validation to its cloud-based disaster recovery solution.

What does the Report state?

• The research study is based on service type (recovery & backup services, data protection services, real-time replication services, professional services, and managed services), by the service provider (cloud service providers, telecommunication service providers, and managed service providers), by deployment (public cloud, private cloud, and hybrid cloud), by enterprise size (SMEs, and large enterprises), and by industry (BFSI, IT & telecommunication, retail & consumer goods, government, healthcare, and media & entertainment).
• With a spike in demand for data recovery, the global Disaster Recovery-as-a-Service (DRaaS) market is bound to grow on a stupendous note in the forecast period.

Know more about this market's geographical distribution along with a detailed analysis of the top regions @ 
https://www.futuremarketinsights.com/reports/disaster-recovery-as-a-service-draas-market

Disaster Recovery-as-a-Service Industry Survey

Disaster Recovery-as-a-Service Market by Service Type:

• Recovery & Backup Services
• Data Protection Services
• Real-time Replication Services
• Professional Services
• Managed Services

Disaster Recovery-as-a-Service Market by Service Provider:

• Cloud Service Providers
• Telecommunication Service Providers
• Managed Service Providers

Disaster Recovery-as-a-Service Market by Deployment:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Disaster Recovery-as-a-Service Market by Enterprise Size:

• Small- and Medium-sized Enterprises (SMEs)
• Large Enterprises

Disaster Recovery-as-a-Service Market by Industry:

• BFSI
• IT & Telecommunication
• Retail & Consumer Goods
• Government
• Healthcare
• Media & Entertainment

Disaster Recovery-as-a-Service Market by Region:

• North America Disaster Recovery-as-a-Service Market
• Latin America Disaster Recovery-as-a-Service Market
• Europe Disaster Recovery-as-a-Service Market
• East Asia Disaster Recovery-as-a-Service Market
• South Asia & Pacific Disaster Recovery-as-a-Service Market
• Middle East & Africa (MEA) Disaster Recovery-as-a-Service Market

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. COVID-19 Pandemic Crisis Impact Analysis

4.1. Impact of COVID-19 Pandemic Crisis on the Market

4.2. Pre-COVID-19 Growth Analysis

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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