Disaster Recovery As A Service Market - Forecast(2021 - 2026)

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Disaster Recovery as a Service Market Overview

Global Disaster Recovery as a Service market is forecast to reach $13.2 billion by 2026, growing at a CAGR of 14.5% during the forecast period from 2021 to 2026. Rising digitalization along with demands for highly efficient data protection tools are acting as major drivers towards significant growth of Managed DRaaS, Self Service DRaaS and Assisted DRaaS. Moreover, rising adoption across major industries to improve their productivity standards along with faster data recovery and flexibility is also propelling the demands towards disaster recovery as a service market. Technological advancements and demands towards cloud based services are also driving the demands for disaster recovery as a service market. 

Report Coverage

The report: “Disaster Recovery as a Service Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Disaster Recovery as a Service Market. 

By Type: Self Service DRaaS, Managed DRaaS and Assisted DRaaS.
By Development Type: Private Cloud, Public Cloud and Hybrid Cloud.
By End Users: Healthcare, Media and Entertainment, Education, Banking and Financial Services, Consumer Goods and Retail, IT and Telecom and Others.
By Services: Real Time Replication, Backup and Recovery, Data Protection, Consulting and Maintenance.
By Organization Size: Large Enterprises, Small and medium sized enterprises.
By Recovery methods: Cloud based disaster recovery, Data center disaster recovery, Network disaster recovery, and Virtualization Data recovery.
By Service Model : Platform as a service, Software as a Service and Infrastruscture as a service.
By Geography: North America (U.S, Canada and Mexico), South America (Brazil, Argentina and Rest of South America), Europe (U.K, Germany, Italy, Spain, Netherlands, France and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and Rest of APAC),RoW (Middle East and Africa).

Key Takeaways

  • Managed DRaaS is anticipated to have a significant market growth during the forecast period in disaster recovery as a service market due to its capabilities of providing guaranteed recovery of data with compliance of service level agreements.
  • Key market players such as Microsoft Corporation and Amazon Web Services have been helping towards significant growth of Disaster Recovery as a Service market in North America.
  • Increased data protection performance along with growing digitalization is some of the major driving factors towards significant growth of disaster recovery as a service market.

Disaster Recovery as a Service Market, By Geography, 2020 (%)

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Disaster Recovery as a Service Market Segment Analysis – By Type

On the basis of type, disaster recovery as a service has been segmented under Self service DraaS, Assisted DraaS and Managed DRaaS. Managed DraaS segment is anticipated to have a major growth in the disaster recovery as a service market during the forecast period 2021-2026 at 16.2% CAGR. Deployment of managed DraaS has been rising rapidly across large enterprises as the DraaS providers are fully responsible for implementation as well as management of data protection and recovery. Usage of managed models is growing rapidly as this provides guaranteed data recovery time as part of their service level agreements. Moreover, a managed DraaS provider or vendor works on all aspects of recovery such as planning, testing as well as managing of recovery strategies, thus helping the organizations to focus towards other business priorities. In case of disaster, the managed DraaS provider is capable of conducting recovery processes along with teams or alone, creating high levels of support and assurance meeting the customer requirements. Though this makes it highly expensive compared with the other two types, it has been highly adopted by organizations with high it demands causing strategic business operations.  

Disaster Recovery as a Service Market Segment Analysis – By Service

The consulting service is projected to grow during the forecast period at the highest CAGR at 17.4% CAGR. To prepare for emergencies robust processes and planning are required. Many companies provide services for emergency planning, consultancy, and process development. These are delivered at local, state, and federal level. Companies design, develop, plan, and prepare for natural and man-made disasters, and provide end-to -end emergency management consulting services. Consulting services include consulting technology in the planning and design of emergency management infrastructure and preparedness. These services ultimately ensure greater realization of benefits, as well as enabling proactive risk management and better alignment of program goals and business objectives. Companies such as Lockheed Martin provide incident and emergency management consulting services to government organizations and enterprises. 

Disaster Recovery as a Service Market Segment Analysis – By Geography 

North America is expected to have a major growth in the global disaster recovery as a service market during the forecast period from 2021 to 2026 at 12.6% CAGR. Presence of some key players such as Amazon Web Services, Microsoft Corporation and IBM Corporation is acting as major drivers for the growth of disaster recovery as a service market. High investments towards research and development activities along with the growing adoption of advanced technologies such as cloud technology have been fuelling the growth for disaster recovery as a service market in this region. Moreover, rising adoption of disaster recovery as a service across small sized as well as large enterprises and growing demands towards data centers are also responsible for creating high market demands.

Disaster Recovery as a Service Market Drivers

High performance towards data protection

The rising demands towards disaster as a service due to its capabilities of providing higher performance standards while data recovery has been acting as one of the major driver towards its significant market growth. With massive amounts of data generation by various organizations, there is growing need towards an effective data protection and recovery system. Usage of disaster recovery as a service has been widely growing due to its capabilities of providing faster recovery of data within less time. Deployment of cloud based disaster as a service is also a major reason behind growing market demands as it helps in reducing the operational costs of hard ware’s as well provides improves flexibility, causing high performance. Moreover, cloud deployed services acts as a cost effective solution with helping organizations to pay only the amount as per requirement by the service provider along with eliminating software licensing and computing infrastructure costs. Such factors help the small sized industries to highly adopt the disaster recovery as a service to improve data protection and security standards within low costs.

Growing digitalization

Rising digitalization has been acting as a major driving factor towards boosting the market growth of disaster recovery as a service. With technological advancements and digitalization, adoption of disaster recovery services is gaining much popularity across various industry verticals such as healthcare, IT and Telecom and many others. Usage of disaster recovery as a service helps in reducing the manpower requirement for data handling and protection, thus acting as a secured and time efficient tool. Moreover, major industries have been highly investing towards such disaster recovery services as it improves the overall process of data protection, thus causing higher market growth of the organization. This ultimately attracts the industries to digitalize as well as replace their traditional backup and data protection service systems with an enhanced disaster recovery as a service model to get a more efficient and flexible experience. Due to dominance towards adopting digitalized technology for improvement of work processes, major industries have been propelling the demands for disaster recovery as a service market. 

Disaster Recovery as a Service Market Challenges

Security concerns 

Security and privacy concerns are some of the major factors that are restraining the growth of disaster recovery as a service in the market. With growing rates of cyber attacks and security breaches, security and privacy have been becoming the most important aspects to ensure organization’s growth. Since the major industries generate massive amounts of data, disaster recovery as a service are getting highly deployed by the industries to boost their business growth and productivity as well as save their data against environmental as well as organization threats. With growing dominance of cloud based services, use of sensitive data within the cloud interface can lead to loss of critical information of the enterprises. Loss of data from any reason can eventually have a negative impact on the market growth of an organization. Moreover, cyber criminals causing threats such as data hacking, data corruption, as well as many such issues can highly impact the organization’s reputation, thus causing slower adoption towards disaster recovery as a service market. 

Disaster Recovery as a Service Market Landscape

Partnerships and acquisitions along with product launches are the key strategies of the players in the disaster recovery as a service market. The major key players in the disaster recovery as a service market include IBM Corporation, Rack space Inc., Tierpoint LLC, Amazon Web Services, Microsoft Corporation, Cisco Systems Inc., Zetta, Carbonite, Acronis International GmbH and Quorum. 

Partnerships/Product Launches/Acquisition

  • In March 2020, IPC and Cloud9 Technologies have announced the joint development of a disaster recovery as a service solution through a partnership agreement. This development provided a cloud based offering service to help the financial firms transform their industry with a turnkey solution towards voice trading disaster recovery. This joint development was done to combine the IPC’s Connexus cloud along with Cloud9’s C9 Trader voice communications and analytics platform and designed to work with all types of trading systems and other endpoints.
  • In May 2020, 2nd Watch had announced the launch of its cloud disaster recovery as a service in order to establish a cost efficient disaster recovery failover environment for its clients. This service is designed to help the companies implement a disaster recovery plan with support of a cloud based infrastructure while ensuring that their clients are getting optimum benefits from their existing IT infrastructure.

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1. Disaster Recovery As A Service Market - Overview
    1.1. Definitions and Scope
2. Disaster Recovery As A Service Market - Executive summary
    2.1. Market Revenue, Market Size and Key Trends by Company
    2.2. Key Trends by type of Application
    2.3. Key Trends segmented by Geography
3. Disaster Recovery As A Service Market 
    3.1. Comparative analysis
        3.1.1. Product Benchmarking - Top 10 companies
        3.1.2. Top 5 Financials Analysis
        3.1.3. Market Value split by Top 10 companies
        3.1.4. Patent Analysis - Top 10 companies
        3.1.5. Pricing Analysis 
4. Disaster Recovery As A Service Market – Startup companies Scenario Premium Premium
    4.1. Top 10 startup company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Market Shares
        4.1.4. Market Size and Application Analysis
        4.1.5. Venture Capital and Funding Scenario
5. Disaster Recovery As A Service Market – Industry Market Entry Scenario Premium Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing business index
    5.3. Case studies of successful ventures
    5.4. Customer Analysis – Top 10 companies
6. Disaster Recovery As A Service Market Forces
    6.1. Drivers
    6.2. Constraints
    6.3. Challenges
    6.4. Porters five force model
        6.4.1. Bargaining power of suppliers
        6.4.2. Bargaining powers of customers
        6.4.3. Threat of new entrants
        6.4.4. Rivalry among existing players
        6.4.5. Threat of substitutes 
7. Disaster Recovery As A Service Market -Strategic analysis
    7.1. Value chain analysis
    7.2. Opportunities analysis
    7.3. Product life cycle
    7.4. Suppliers and distributors Market Share
8. Disaster Recovery As A Service Market – By Types (Market Size -$Million / $Billion)
    8.1. Market Size and Market Share Analysis 
    8.2. Application Revenue and Trend Research
    8.3. Product Segment Analysis
        8.3.1. Self Service DRaaS
        8.3.2. Assisted DRaaS
        8.3.3. Managed DRaaS 
9. Disaster Recovery As A Service Market – By Recovery Type (Market Size -$Million / $Billion)
    9.1. Application
    9.2. Email
    9.3. Media
    9.4. File & Folder
    9.5. System 
    9.6. All Disk
    9.7. Workloads
    9.8. VMs
10. Disaster Recovery As A Service Market – By Methods (Market Size -$Million / $Billion)
    10.1. Data Center Disaster Recovery
    10.2. Cloud Based Disaster Recovery
    10.3. Virtualization Disaster Recovery
11. Disaster Recovery As A Service Market – By Tools (Market Size -$Million / $Billion)
    11.1. My SQL
    11.2. Directory Server
    11.3. SAP and HANA
    11.4. MS Exchange
    11.5. VMware
    11.6. NetAPP 
    11.7. Delta Compression
12. Disaster Recovery As A Service Market – By Services (Market Size -$Million / $Billion)
    12.1. Real Time Replication
    12.2. Data Security
    12.3. Backup & Recovery 
13. Disaster Recovery As A Service Market – By Deployment Model (Market Size -$Million / $Billion)
    13.1. Public Cloud 
    13.2. Private Cloud
    13.3. Hybrid Cloud
14. Disaster Recovery As A Service Market – By Service Model (Market Size -$Million / $Billion)
    14.1. Software as a Service (SaaS)
    14.2. Platform as a Service (PaaS) 
    14.3. Infrastructure as a Service (IaaS)
15. Disaster Recovery As A Service Market – By Enterprise (Market Size -$Million / $Billion)
    15.1. Small Enterprises
    15.2. Medium Enterprises
    15.3. Large Enterprises
16. Disaster Recovery As A Service – By End User (Market Size -$Million / $Billion)
    16.1. Segment type Size and Market Share Analysis 
    16.2. Application Revenue and Trends by type of Application
    16.3. Application Segment Analysis by Type
        16.3.1. Banking, Finance, Services, Insurance (BFSI)
        16.3.2. Education
        16.3.3. Healthcare
        16.3.4. Supply chain & Manufacturing 
        16.3.5. Communication & Information Services
        16.3.6. Retail & consumer goods 
        16.3.7. Transportation & Logistics 
        16.3.8. Media & Entertainment
        16.3.9. Others 
17. Disaster Recovery As A Service - By Geography (Market Size -$Million / $Billion)
    17.1. Disaster Recovery As A Service Market - North America Segment Research
    17.2. North America Market Research (Million / $Billion)
        17.2.1. Segment type Size and Market Size Analysis 
        17.2.2. Revenue and Trends
        17.2.3. Application Revenue and Trends by type of Application
        17.2.4. Company Revenue and Product Analysis
        17.2.5. North America Product type and Application Market Size
            17.2.5.1. U.S.
            17.2.5.2. Canada 
            17.2.5.3. Mexico 
            17.2.5.4. Rest of North America
    17.3. Disaster Recovery As A Service - South America Segment Research
    17.4. South America Market Research (Market Size -$Million / $Billion)
        17.4.1. Segment type Size and Market Size Analysis 
        17.4.2. Revenue and Trends
        17.4.3. Application Revenue and Trends by type of Application
        17.4.4. Company Revenue and Product Analysis
        17.4.5. South America Product type and Application Market Size
            17.4.5.1. Brazil  
            17.4.5.2. Venezuela
            17.4.5.3. Argentina
            17.4.5.4. Ecuador
            17.4.5.5. Peru
            17.4.5.6. Colombia 
            17.4.5.7. Costa Rica
            17.4.5.8. Rest of South America
    17.5. Disaster Recovery As A Service - Europe Segment Research
    17.6. Europe Market Research (Market Size -$Million / $Billion)
        17.6.1. Segment type Size and Market Size Analysis 
        17.6.2. Revenue and Trends
        17.6.3. Application Revenue and Trends by type of Application
        17.6.4. Company Revenue and Product Analysis
        17.6.5. Europe Segment Product type and Application Market Size
            17.6.5.1. U.K  
            17.6.5.2. Germany 
            17.6.5.3. Italy 
            17.6.5.4. France
            17.6.5.5. Netherlands
            17.6.5.6. Belgium
            17.6.5.7. Spain
            17.6.5.8. Denmark
            17.6.5.9. Rest of Europe
    17.7. Disaster Recovery As A Service – APAC Segment Research
    17.8. APAC Market Research (Market Size -$Million / $Billion)
        17.8.1. Segment type Size and Market Size Analysis 
        17.8.2. Revenue and Trends
        17.8.3. Application Revenue and Trends by type of Application
        17.8.4. Company Revenue and Product Analysis
        17.8.5. APAC Segment – Product type and Application Market Size
            17.8.5.1. China 
            17.8.5.2. Australia
            17.8.5.3. Japan 
            17.8.5.4. South Korea
            17.8.5.5. India
            17.8.5.6. Taiwan
            17.8.5.7. Malaysia
18. Disaster Recovery As A Service Market - Entropy
    18.1. New product launches
    18.2. M&A's, collaborations, JVs and partnerships
19. Disaster Recovery As A Service Market – Industry / Segment Competition landscape Premium Premium
    19.1. Market Share Analysis
        19.1.1. Market Share by Country- Top companies
        19.1.2. Market Share by Region- Top 10 companies
        19.1.3. Market Share by type of Application – Top 10 companies
        19.1.4. Market Share by type of Product / Product category- Top 10 companies
        19.1.5. Market Share at global level- Top 10 companies
        19.1.6. Best Practises for companies
20. Disaster Recovery As A Service Market – Key Company List by Country Premium Premium
21. Disaster Recovery As A Service Market Company Analysis
    21.1. Market Share, Company Revenue, Products, M&A, Developments
    21.2. Alphabet
    21.3. Amazon
    21.4. Cisco
    21.5. IBM
    21.6. Microsoft Azure
    21.7. Quorum
    21.8. Carbonite
    21.9. Zetta
    21.10. Rackspace
    21.11. Company 10