The Disaster Recovery as a Service (DRaaS) Market was valued at USD 8.42 billion in 2019 and is expected to reach USD 16.62 billion by 2025, at a CAGR of 12% over the forecast period 2020 - 2025. 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.