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The Disaster Recovery as a Service (DRaaS) Market is segmented by End-user Vertical (BFSI, IT, Government, and Healthcare) and Geography.
Fastest Growing Market:
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.
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|
|Other End-user Verticals|
|Rest of the World|
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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.
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
4.5.3 Self Service
5. MARKET SEGMENTATION
5.1 By End-user Vertical
5.1.5 Other End-user Verticals
5.2.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 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