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Disaster Recovery as a Service (DRaaS) Market Trends

Report ID: GMI6892
Published Date: Oct 2023
Report Format: PDF

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Disaster Recovery as a Service (DRaaS) Market Trends

The demand for solutions that effectively minimize downtime and data loss is driving the Disaster Recovery as a Service (DRaaS) industry outlook. As businesses prioritize uninterrupted operations, DRaaS offers rapid data recovery and system restoration, ensuring minimal disruptions. For instance, in November 2021, Amazon Web Services introduced the AWS Elastic Disaster Recovery, a novel service designed to help organizations reduce downtime and data loss. It ensures the swift and dependable recovery of both on-premises & cloud-based organization sizes. AWS Elastic Disaster Recovery is a preferred solution for disaster recovery as it provides businesses with the reliable means to ensure continuity in the face of disruptions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.

The BFSI segment held around 25% market share in 2022, as financial institutions are increasingly collaborating with DRaaS providers to fortify their organization sizes.

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.