$23.5 Billion DRaaS (Disaster Recovery as a Service) Markets, 2027 – Emergence of Ai and Ml in DRaaS Solutions to Empower Enterprise DR Strategies

Global DRaaS Market

Dublin, 15 Dec. 2022 (GLOBE NEWSWIRE) — The “Global DRaaS Market by Service Type (Backup & Recovery, Real-Time Replication, and Data Protection), Deployment Model (Public Cloud and Private Cloud), Organization Size, Vertical , and Region – Forecast to 2027″ report has been added to from ResearchAndMarkets.com offer.

The global DRaaS market size is expected to grow from USD 8.8 billion in 2022 to USD 23.5 billion by 2027, at a compound annual growth rate (CAGR) of 21.6% during the forecast period .

In an era where data protection is increasingly important, DRaaS offers more secure infrastructure backup, especially if organizations are looking for service providers that provide encrypted data storage they can rely on.

DRaaS uses a cloud-based disaster recovery solution that provides infinitely more scalability and flexibility in terms of what, where, and how much data organizations can store offsite. It provides a highly secure environment that protects sensitive organizational data while enabling complete control and transparency to power business workflows.

By organization size, SME segment is expected to grow at the highest CAGR during the forecast period

The small and medium enterprise (SME) segment is expected to grow at a higher growth rate during the forecast period. SMBs face greater resource scarcity than large enterprises and need better methods to resolve complexities to improve the cost optimization of their business processes.

SMBs are adopting the pay-as-you-go model to ensure they are not tied to contracts with cumbersome provisions. Reliability, scalability, user-friendly capabilities, easy integration, increased agility, and increased efficiency are the major factors encouraging SMBs to adopt DRaaS at a rapid pace.

By Deployment Mode, Public Cloud Segment Will Hold Larger Market Share

The public cloud segment is expected to hold the largest market size. Public cloud services are offered free of charge and based on pay-as-you-go methods, depending on the needs of end users. In public cloud platforms, services are accessible to multiple customers because they share the same infrastructure. Public cloud platforms are primarily preferred by organizations that are less likely to need the level of infrastructure and security offered by private cloud platforms.

By vertical, IT & ITeS segment is expected to grow at the highest CAGR during the forecast period

The IT & ITeS segment is expected to grow at the highest CAGR during the forecast period. IT & ITeS companies are investing in new technologies, such as smart computing products, IoT, cloud computing, mobility and analytics, to gain efficiency, innovation and appeal to consumers. The growing amount of documentation creates a huge demand for cloud-based storage, backup and associated services to secure confidential data and make it available on demand.

The story continues

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• Increase in disasters and growing availability of low-cost disaster recovery as a service offerings to drive market growth

• Backup and restore services will account for the largest share during the forecast period

• Public cloud deployment will be the largest market during the forecast period

• Large enterprises are expected to meet greater demand during the forecast period

• The banking, financial services and insurance segment will be the largest vertical segment during the forecast period

• Asia-Pacific will become the best market for investment in the next five years

Market dynamics

Drivers

• Need to reduce total cost of ownership, save time and allow IT teams to focus on higher value tasks

• Increased need for data security and scalability

• Increase in the use of Draas to mitigate the risk of cyberattacks on data centers

• Increased need for business continuity in SMEs

Constraints

Opportunities

Challenges

Case study analysis

• Case Study 1: Allegany Insurance Group simplifies its disaster recovery strategy with Iland

• Case Study 2: Transitioning a manufacturing company to Draas for greater resilience with Intervision

• Case Study 3: Computer-driven solutions deployed for large-scale backup and disaster recovery (Ibdr) to protect SMB customer data and prepare for disasters

• Case Study 4: Rms uses hybrid cloud and Tierpoint DraaS to improve performance and reliability

Company Profiles

Key players

• Microsoft

• IBM

• vmware

• AWS

• sungard like

• Island

• recovery point

• Intervision

• level point

• Subscale

Other players

• Acronis

• Axcient

• Bios Middle East

• C&W Company

• Carbonite

• Daisy

• Databarracks

• datto

• dxc

• Evolve IP

• Timely

• Flexible

• NTT data

• Quorum

• Unit trends

SMEs/Startups

• Arcserve

• rackware

• Druva

• Adapted

• Darz

• Zetta grid

• Phoenixnap

For more information about this report visit https://www.researchandmarkets.com/r/4moby7

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