Disaster Recovery Software Market - Forecast(2022 - 2027)

Report Code: ITR 0198 Report Format: PDF + Excel

Disaster Recovery Software Market Overview

Global Disaster Recovery Software 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. Due to constant improvement in the data recovery and cloud as a preferred storage the market of Disaster Recovery Software is seeing the growth. The compatibility of Data Recovery Software with different cloud service provider will broaden the market for more advanced raw software’s with complete solution. Rising digitalization along with demands for highly efficient data protection tools are acting as major drivers towards significant growth of Disaster Recovery Software. Moreover, rising adoption across major industries to improve their productivity standards along with faster data recovery and flexibility is also propelling the demands towards Self Service DRaaS, Managed DRaaS and Assisted DRaaS markets. Technological advancements and demands towards cloud based services are also driving the demands for Disaster Recovery Software market.

Disaster Recovery Software Market Report Coverage

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

Disaster Recovery Software Market, By Geography, 2020 (%)

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Disaster Recovery Software Market Segment Analysis – By Type

On the basis of type, Disaster Recovery Software 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 Software 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 Software 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 Software Market Segment Analysis – By Geography

North America is expected to have a major growth in the global Disaster Recovery Software market during the forecast period from 2021 to 2026 at 12.6% CAGR. The 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 Software 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 Software market in this region. Moreover, rising adoption of Disaster Recovery Software across small sized as well as large enterprises and growing demands towards data centers are also responsible for creating high market demands.

Disaster Recovery Software 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 drivers towards its significant market growth. With massive amounts of data generation by various organizations, there is a growing need for an effective data protection and recovery system. Usage of Disaster Recovery Software 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 act 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 Software 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 Software. 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 Software 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 Software 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 Software market.

Disaster Recovery Software Market Challenges

Security concerns 

Security and privacy concerns are some of the major factors that are restraining the growth of Disaster Recovery Software 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 Software 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 Software market. 

Disaster Recovery Software Market Landscape

Partnerships and acquisitions along with product launches are the key strategies of the players in the Disaster Recovery Software market. The major key players in the Disaster Recovery Software 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 Software 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 Software 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 the support of a cloud based infrastructure while ensuring that their clients are getting optimum benefits from their existing IT infrastructure.

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Disaster Recovery Software Market - Forecast(2021 - 2026)

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1. Disaster Recovery Software Market - Overview
    1.1 Definitions and Scope
2. Disaster Recovery Software 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 Software 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 Software 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 Software 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 Software 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 Software 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 Software Market – By Protection Type (Market Size -$Million / $Billion)
    8.1 Market Size and Market Share Analysis 
    8.2 Application Revenue and Trend Research
    8.3 Product Segment Analysis
        8.3.1 Continuous Data Protection
            8.3.1.1 Real Time Block Level Replication
            8.3.1.2 No Performance Impact
            8.3.1.3 Journal Based Any Point-Time Recovery
            8.3.1.4 Enterprise Scalability
            8.3.1.5 Storage Savings
            8.3.1.6 Ransom ware Recovery
        8.3.2 Traditional Data Protection
9. Disaster Recovery Software Market – By Backup Storage (Market Size -$Million / $Billion)
    9.1 Hardware based (On-premise)
    9.2 Cloud
        9.2.1 Disaster Recovery as a Service (DRaaS)
        9.2.2 Public Cloud
10. Disaster Recovery Software Market – By Environment (Market Size -$Million / $Billion)
    10.1 Virtual
    10.2 Physical
    10.3 Mobile
    10.4 Cloud
11. Disaster Recovery Software Market – By Replication (Market Size -$Million / $Billion)
    11.1 Oracle Database
    11.2 Microsoft SQL
    11.3 SAP
12. Disaster Recovery Software Market – By Application (Market Size -$Million / $Billion)
    12.1 Public Sector
    12.2 Healthcare
    12.3 Government
    12.4 Education
    12.5 Business
13. Disaster Recovery Software - By Geography (Market Size -$Million / $Billion)
    13.1 Disaster Recovery Software Market - North America Segment Research
    13.2 North America Market Research (Million / $Billion)
        13.2.1 Segment type Size and Market Size Analysis 
        13.2.2 Revenue and Trends
        13.2.3 Application Revenue and Trends by type of Application
        13.2.4 Company Revenue and Product Analysis
        13.2.5 North America Product type and Application Market Size
            13.2.5.1 U.S.
            13.2.5.2 Canada 
            13.2.5.3 Mexico 
            13.2.5.4 Rest of North America
    13.3 Disaster Recovery Software - South America Segment Research
    13.4 South America Market Research (Market Size -$Million / $Billion)
        13.4.1 Segment type Size and Market Size Analysis 
        13.4.2 Revenue and Trends
        13.4.3 Application Revenue and Trends by type of Application
        13.4.4 Company Revenue and Product Analysis
        13.4.5 South America Product type and Application Market Size
            13.4.5.1 Brazil  
            13.4.5.2 Venezuela
            13.4.5.3 Argentina
            13.4.5.4 Ecuador
            13.4.5.5 Peru
            13.4.5.6 Colombia 
            13.4.5.7 Costa Rica
            13.4.5.8 Rest of South America
    13.5 Disaster Recovery Software - Europe Segment Research
    13.6 Europe Market Research (Market Size -$Million / $Billion)
        13.6.1 Segment type Size and Market Size Analysis 
        13.6.2 Revenue and Trends
        13.6.3 Application Revenue and Trends by type of Application
        13.6.4 Company Revenue and Product Analysis
        13.6.5 Europe Segment Product type and Application Market Size
            13.6.5.1 U.K  
            13.6.5.2 Germany 
            13.6.5.3 Italy 
            13.6.5.4 France
            13.6.5.5 Netherlands
            13.6.5.6 Belgium
            13.6.5.7 Spain
            13.6.5.8 Denmark
            13.6.5.9 Rest of Europe
    13.7 Disaster Recovery Software – APAC Segment Research
    13.8 APAC Market Research (Market Size -$Million / $Billion)
        13.8.1 Segment type Size and Market Size Analysis 
        13.8.2 Revenue and Trends
        13.8.3 Application Revenue and Trends by type of Application
        13.8.4 Company Revenue and Product Analysis
        13.8.5 APAC Segment – Product type and Application Market Size
            13.8.5.1 China 
            13.8.5.2 Australia
            13.8.5.3 Japan 
            13.8.5.4 South Korea
            13.8.5.5 India
            13.8.5.6 Taiwan
            13.8.5.7 Malaysia
14. Disaster Recovery Software Market - Entropy
    14.1 New product launches
    14.2 M&A's, collaborations, JVs and partnerships
15. Disaster Recovery Software Market – Industry / Segment Competition landscape Premium Premium
    15.1 Market Share Analysis
        15.1.1 Market Share by Country- Top companies
        15.1.2 Market Share by Region- Top 10 companies
        15.1.3 Market Share by type of Application – Top 10 companies
        15.1.4 Market Share by type of Product / Product category- Top 10 companies
        15.1.5 Market Share at global level- Top 10 companies
        15.1.6 Best Practises for companies
16. Disaster Recovery Software Market – Key Company List by Country Premium Premium
17. Disaster Recovery Software Market Company Analysis
    17.1 Market Share, Company Revenue, Products, M&A, Developments
    17.2 Veritas
    17.3 Zerto
    17.4 Infosystems Organization
    17.5 Company 4
    17.6 Company 5
    17.7 Company 6
    17.8 Company 7
    17.9 Company 8
    17.10 Company 9
    17.11 Company 10