Uploaded on Aug 7, 2019
Global Disaster Recovery as a Service (DRaaS) Market is estimated to reach $36.7 Billion by 2026; growing at a CAGR of 34.6% from 2019 to 2026.
Global Disaster Recovery as a Service Market
Global Disaster Recovery as a Service
Market
2018 – 2026
Published By:
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Global Disaster Recovery as a Service
(DRaaS) Market is Estimated to Reach
$36.7 Billion By 2026, Says Accurize
Market Research
Global Disaster Recovery as a Service Market Report, published by Accurize
Market Research, forecast that the global market is expected to reach $36.7
Billion by 2026, growing at a CAGR of 34.6% from 2019 to 2026.
North America dominated the global disaster recovery as a service market
with around one-third of the global market share in 2018 and anticipated to
hold the major market share until 2026.
In terms of growth, Asia-Pacific is anticipated to attain the fastest compound
annual growth rate (CAGR) during 2019 – 2026.
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Market Introduction and Market
Dynamics
DRaaS functions as a cloud computing and backup service model and
provides an organization with a complete system backup.
DRaaS solutions offer full control and support during manual and
automatic failure with improved security and visibility of networks and
servers with real-time activity.
Legislation of stringent disaster recovery regulations and the growing
adoption of cloud-based services is fueling the market for DRaaS.
Moreover, growth in the IT sector with a surge in demand for
commoditized IT services has also supported the market growth. Still,
high network bandwidth requirements and lack of security may limit
the market growth in the coming years.
Furthermore, improved manageability and protection and growing
awareness towards virtualization technologies and the rising trend of
managed services are expected to open attractive business
opportunities for the market in the future years.
Additionally, the untapped market in emerging economies and the
growing application would provide several growth opportunities in
forecasted years.
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Market Segmentation and Crisp
Analysis
The global disaster recovery as a service market has been
segmented into service type, application, service providers, cloud
type, deployment model, and company size.
By service type, the market is categorized into data security, real-
time protection, backup, and professional services.
The application segment included government, IT & telecom, media
& entertainment, education, retail and e-commerce, manufacturing &
logistics, BFSI, and others.
The service providers segment includes cloud service provider (CSP),
telecom & communication service provider, and managed service
provider (MSP).
By cloud type, the market is segmented into the public cloud, private
cloud, and hybrid cloud. The deployment model segment is further
divided into cloud DRaaS, to cloud DRaaS, and from cloud DRaaS.
By company size segment, the market is bifurcated into small
companies, mid-sized companies, and large companies.
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Regional Segmentation and Crisp
Analysis
The global DRaaS market has been segmented by geography into North
America, Europe, Asia-Pacific, and RoW. The U.S., Mexico, and Canada
are covered under North America wherein Europe covers the UK, Italy,
France, Germany, and others.
Asia-Pacific covers China, India, Japan, and others. The rest of the world
covers South America, the Middle East, and Africa. Among various
geographical regions, North America dominated the global disaster
recovery as a service market accounting for the largest market share of
around 34% in 2018 and projected to continue its dominance during
the forecast period 2019 – 2026.
The deployment of DRaaS by public and government sectors in
countries such as the U.S. will be fueling the market for DRaaS in North
America. Europe generated the second highest revenue share, driven
by technological advancement and growing deployment of DRaaS
across various application areas, in UL, Germany and other countries.
The region accounted for round one-third of the global market revenue
in the year 2018. In terms of growth, Asia-Pacific is expected to attain
the fastest CAGR during the forecast period 2019-2026.
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Manufacturers Competitive
Analysis
The disaster recovery as a services market is moderately competitive as the
market consists of several dominant players who are using economies of scale
to gain competition and increase their global market share.
The top players are operating in the market are frequently investing in
research & development and are planning to increase their presence in the
untapped emerging economies.
The few dominant players’ accounts for the majority of the market share.
Major companies operating in the global DRaaS market are Cisco Systems,
Inc., Symantec Corporation, IBM Corp., VMWare, Inc., HP Enterprises
Company, Amazon Web Services, Microsoft Corporation, SunGard Availability
Services, NTT Communications Corporation, and TierPoint, LLC, among others
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Scope of the Report
The scope of the report covers an in-depth analysis of the market in terms of
both qualitative and quantitative analysis across the segments as well as cross-
sectional analysis of the segments including the geographies and its countries.
Key companies operating in this market and their company profile along with the
market share analysis and competitive scenario is also the part of the report.
Furthermore, different industries client information has been provided in the
report which is very important for the manufacturers.
Manufacturers’ data, including revenue, shipment, revenue share, shipment
share, and gross profit have been also included, which provide a better
understanding of the market competition.
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Our Expertise
The Key Opinion Leaders (KOLs) of the respective industry are
interviewed and their insights are matched with our findings and
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Bloomberg, S&P Global, and Dow Jones, among others for
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