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Major companies operating in the Disaster Recovery as a Service (DRaaS) industry are:
IBM Corporation and Amazon Web Services, Inc. (AWS) are dominating the market, accounting for a collective revenue share of around 16%. These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative solutions and garner the maximum market revenue.
The BFSI segment held around 25% market share in 2022, as financial institutions are increasingly collaborating with DRaaS providers to fortify their organization sizes.
The market size of disaster recovery as a service (DRaaS) reached USD 11.5 billion in 2022 and is set to grow at over 22% CAGR from 2023 to 2032, favored by the growing awareness of data security.
North America market with a share of over 34% in 2022, led by the robust technology infrastructure and advanced IT framework facilitates in the region.
Amazon Web Services, Inc. (AWS), Dell Technologies Inc., IBM Corporation, Microsoft Corporation, NTT Communications Corporation, Sungard Availability Services, and VMware Inc.