Disaster Recovery as a Service (DRaaS) Market Share

Market Share of Disaster Recovery as a Service (DRaaS) Industry

The DRaaS market is highly competitive and consists of several major players. However, major companies like iLand Internet Solutions, Microsoft Corporation, Recovery Point Systems Evolve IP LLC, TierPoint LLC, and IBM Corporation have introduced data storage and security systems innovations. The companies have increased their market presence by securing new partnerships and tapping emerging markets.

In June 2022, IBM Cloud Pak for Data 4.5 introduced new capabilities and features to help organizations connect with their data and drive smart business outcomes. IBM Cloud Pak for Data 4.5 includes disruption-free backup and disaster recovery.

In May 2022, FalconStor Software, Inc., the trusted data protection software provider modernizing disaster recovery and backup operations for the hybrid cloud world, announced a new strategic partnership with IBM Corporation to provide jointly-validated solutions for IBM Power Systems, designed to assist enterprise customers and managed services providers (MSPs) with their cloud migration and cloud-enabled backup needs.

Disaster Recovery as a Service Market Leaders

1. iLand Internet Solutions Corporation

2. Microsoft Corporation

3. Recovery Point Systems Inc.

4. Evolve IP LLC

5. TierPoint, LLC

*Disclaimer: Major Players sorted in no particular order