5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
Disaster Recovery as a Service (DRaaS) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Disaster Recovery as a Service (DRaaS) Market is segmented by End-user Vertical (BFSI, IT, Government, and Healthcare) and Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2018 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
12 %
Need a report that reflects how COVID-19 has impacted this market and its growth?
Market Overview
The Disaster Recovery as a Service (DRaaS) Market has registered a CAGR of 12% over the forecast period 2021 - 2026. DRaaS functions as a cloud computing and backup service model that uses cloud resources to protect data and applications from the disruption caused by various types of disasters. It gives an organization a complete system backup, which allows for business continuity in the event of any system downtime or failure.
- Since computing applications are gaining significance across organizations, cloud technology contributes to market growth. Enterprise IT investments in cloud computing are expected to account for almost one-fourth of the IT expenditure by the end of the forecast period, representing a considerable increase over the last few years.
- The DRaaS market has been gaining momentum, owing to the improved functionality of the increasing number of small and medium enterprises. A majority of the market share is observed to be accounted for by the hybrid configuration (including both physical and cloud-based servers), owing to the increased flexibility of cloud services by cloud service providers, such as AWS and Microsoft.
- It gives huge flexibility and agility to businesses that are dependent on service for a major portion of their revenue. The emergence of 24x7 services providers, especially in small and medium scale business, has further strengthened the demand for the market in order to maintain the competitive edge.
Scope of the Report
DRaaS is a comprehensive third-party service that uses cloud and on-premise resources to back up vital data and applications, as well as provides system failover to a secondary infrastructure. DRaaS requirements and expectations are documented in a service-level agreement (SLA), and the third-party vendor provides failover to a cloud computing environment, either through a contract or on a pay-per-use basis. With disaster recovery as a service, the time to return applications to production is reduced because data need not be restored over the internet. DRaaS can be especially useful for the small- and medium-sized businesses that lack the necessary expertise to provision, configure, and test an effective disaster recovery plan.
| By End-user Vertical | |
| BFSI | |
| IT | |
| Government | |
| Healthcare | |
| Other End-user Verticals |
| Geography | ||||||
| ||||||
| ||||||
| ||||||
| Rest of the World |
Report scope can be customized per your requirements. Click here.
Key Market Trends
Increasing Adoption of Cloud Based Application across the IT Sector
- The cloud-based disaster recovery solutions are found in various applications, of which, the most significant is the inherent benefit of flexibility and cost-effectiveness. Cloud-based disaster recovery leads to faster data recovery, and hence attains the recovery goals of the company.
- With an increase in the adoption of hybrid cloud, SMEs found various benefits to protect them from certain disasters. The adoption of hybrid cloud disaster recovery by businesses helps to eliminate the need for a secondary disaster recovery site. Furthermore, the hybrid cloud also reduces the expenses and complexities of managing and maintaining a system.
To understand key trends, Download Sample Report
The United States is Expected to Hold a Significant Market Share
- Enterprises across the United States have been early adopters of software to manage business operations and customer care. SAP, a market leader in enterprise application solutions, reported that the United States accounted for EUR 7.1 billion of its overall sales. Canada benefitted from being the neighboring nation as many businesses in the country serve the demands generated in the US-based industries.
- With the rising number of SMEs, the data center market in the country witnessed a healthy growth. Furthermore, due to exponential growth in data generation volume, a shift of data has been observed from private servers to cloud networks. This trend entails resilient and reliable backup and recovery solutions, as disruption of services are resulting in huge losses for the service providers.
To understand geography trends, Download Sample Report.
Competitive Landscape
The DRaaS market is moderately competitive and consists of several major players. In terms of market share, few of the players currently dominate the market. However, with innovation in the field of data storage and security system, the companies are increasing their market presence by securing new contracts and tapping the emerging markets.
- August 2018 - IBM announced that Persistent Systems, Invest India, Wipro Limited, Capgemini, and NASSCOM joined the multi-year Call for Code Global Initiative to create a better future. Call for Code, announced in May 2018, is an ambitious effort to bring startup, academic, and enterprise developers together to solve one of the most pressing issues: preventing, responding to, and recovering from natural disasters.
- July 2018 - Sirius Computer Solutions Inc. and Recovery Point Systems Inc. expanded their partnership to offer a set of packaged, multiplatform Disaster Recovery-as-a-Service (DRaaS) solutions.
You can also purchase parts of this report. Do you want to check out a section wise price list?
Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Applications through Cloud-based Disaster Recovery
4.2.2 Reducing Operational Cost and Fast Recovery of Data
4.3 Market Restraints
4.3.1 Complexity of Deployment and Setting Terms
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Technology Snapshot
4.5.1 Fully Managed
4.5.2 Assisted
4.5.3 Self Service
5. MARKET SEGMENTATION
5.1 By End-user Vertical
5.1.1 BFSI
5.1.2 IT
5.1.3 Government
5.1.4 Healthcare
5.1.5 Other End-user Verticals
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Rest of Asia-Pacific
5.2.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 iLand Internet Solutions Corporation
6.1.2 Microsoft Corporation
6.1.3 Recovery Point Systems Inc.
6.1.4 Bluelock LLC
6.1.5 TierPoint LLC
6.1.6 IBM Corporation
6.1.7 Sungard Availability Services LP
6.1.8 C and W Business Ltd
6.1.9 Expedient Holdings USA LLC
6.1.10 BIOS Middle East Group
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
** Subject to Availability
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
LINKS
JOIN US
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.
Interested? Please email us
[email protected]CONNECT WITH US RIGHT NOW
© 2020. All Rights Reserved to Mordor Intelligence.