Global Disaster Recovery as a Services Market Size is valued at $11.5 Billion in 2024 and is forecast to register a growth rate (CAGR) of 18.6% to reach $45 Billion by 2032.
The global Disaster Recovery as a Services Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Recovery & Backup Services, Data Protection Services, Real-time Replication Services, Professional Services), By Deployment (Public Cloud, Private Cloud, Hybrid Cloud), By End-User (BFSI, IT & Telecommunication, Retail & Consumer Goods, Government, Healthcare, Media & Entertainment, Others).
An Introduction to Disaster Recovery as a Services Market in 2024
The Disaster Recovery as a Service (DRaaS) market is growing as businesses increasingly rely on cloud-based solutions to ensure business continuity in the event of a disaster. DRaaS provides organizations with a cost-effective and scalable solution to backup critical data and applications, ensuring rapid recovery from natural disasters, cyberattacks, and system failures. As remote work and digital transformation accelerate, the demand for DRaaS has surged, with companies prioritizing the protection of their data and IT infrastructure. Cloud providers are enhancing their offerings by integrating advanced technologies like AI and automation to enable faster recovery times and more robust data protection strategies.
Disaster Recovery as a Services Competitive Landscape
The market report analyses the leading companies in the industry including Acronis International GmbH, Amazon Web Services Inc, IBM Corp, Infrascale Inc, InterVision Systems LLC, Microsoft Corp, Recovery Point Systems Inc, Sungard Availability Services LP, TierPoint LLC, VMware Inc, and others.
Disaster Recovery as a Services Market Dynamics
Market Trend: Increased Adoption of Cloud-Based Solutions
A prominent trend in the Disaster Recovery as a Service (DRaaS) Market is the increased adoption of cloud-based solutions. Organizations are increasingly recognizing the importance of robust disaster recovery plans that leverage the scalability and flexibility of cloud technologies. As businesses face growing threats from cyberattacks, natural disasters, and data loss, they are turning to DRaaS providers to ensure that their critical data and applications are securely backed up and can be quickly restored. This trend is fueled by advancements in cloud computing, which allow for more efficient, cost-effective, and seamless recovery processes, enabling organizations to maintain business continuity with minimal disruption.
Market Driver: Rising Cybersecurity Threats
The Disaster Recovery as a Service Market is significantly driven by the rising cybersecurity threats faced by organizations worldwide. With an increase in ransomware attacks, data breaches, and other cyber threats, businesses are prioritizing the protection of their critical information and infrastructure. As a result, they are investing in comprehensive disaster recovery solutions to mitigate the risks associated with data loss and system downtime. DRaaS offers organizations a proactive approach to disaster recovery, allowing them to quickly recover operations and safeguard sensitive data against emerging threats. This heightened awareness of cybersecurity risks is pushing more companies to adopt DRaaS solutions as an integral part of their overall security strategy.
Market Opportunity: Growth in Regulatory Compliance Requirements
An emerging opportunity in the Disaster Recovery as a Service Market is the growth in regulatory compliance requirements across various industries. As data protection laws and regulations become more stringent, organizations are compelled to implement comprehensive disaster recovery strategies to ensure compliance and avoid potential penalties. DRaaS providers can capitalize on this opportunity by offering tailored solutions that align with specific regulatory requirements, such as GDPR, HIPAA, and others. By emphasizing compliance as a key component of their services, DRaaS providers can attract businesses seeking to enhance their data protection measures while meeting legal obligations, thus expanding their market reach and customer base.
Disaster Recovery as a Services Market Share Analysis: Recovery & Backup Services segment generated the highest revenue in 2024
In the Disaster Recovery as a Service (DRaaS) Market, the Recovery & Backup Services segment emerges as the largest due to its foundational role in safeguarding critical business data and ensuring business continuity. Organizations increasingly recognize the importance of implementing robust disaster recovery plans to mitigate the risks associated with data loss, system failures, and cyber threats. Recovery & Backup Services encompass a wide range of solutions, including data backup, recovery planning, and restoring operations following disruptions. This segment benefits from the growing regulatory requirements across various industries that mandate comprehensive data protection strategies. Additionally, as businesses face an increasing number of cyberattacks and natural disasters, the demand for reliable and efficient recovery services has surged. The focus on minimizing downtime and ensuring quick recovery times solidifies Recovery & Backup Services as the dominant segment in the DRaaS Market, catering to the urgent needs of organizations striving for resilience in a volatile business environment.
Disaster Recovery as a Services Market Share Analysis: Hybrid Cloud segment is poised to register the fastest growth rate (CAGR) over the forecast period to 2032.
The hybrid cloud deployment segment is the fastest growing in the Disaster Recovery as a Service Market, reflecting the evolving needs of organizations seeking flexibility and scalability in their disaster recovery solutions. Hybrid cloud environments enable businesses to leverage both on-premises and cloud resources, allowing them to optimize their disaster recovery strategies while managing costs effectively. This approach provides the best of both worlds, as companies can keep sensitive data on-premises while utilizing the cloud for backup and recovery purposes, enhancing both security and accessibility. The growing adoption of hybrid cloud solutions is driven by the increasing demand for rapid recovery capabilities, as businesses strive to maintain operations during disruptions without compromising on performance or security. As organizations recognize the benefits of hybrid models, including improved resource allocation and reduced downtime, this segment is positioned for significant growth, making it a key player in the evolving landscape of disaster recovery services.
Disaster Recovery as a Services Market Share Analysis: BFSI segment generated the highest revenue in 2024
In the Disaster Recovery as a Service Market, the Banking, Financial Services, and Insurance (BFSI) sector stands out as the largest segment, primarily due to its critical reliance on data integrity and availability. The BFSI industry operates under stringent regulatory frameworks that require robust disaster recovery and business continuity plans to protect sensitive customer information and ensure compliance with various financial regulations. This sector faces unique challenges, including cyber threats, natural disasters, and operational risks, which necessitate comprehensive disaster recovery strategies. BFSI organizations are increasingly investing in DRaaS solutions to enhance their resilience against disruptions, minimize downtime, and safeguard their reputation. The high stakes associated with financial data make BFSI a significant driver of the DRaaS Market, as institutions prioritize the security of their operations and seek reliable partners to manage their disaster recovery needs effectively. Consequently, the BFSI sector’s ongoing investments in advanced disaster recovery solutions solidify its position as the largest segment within the Disaster Recovery as a Service Market.
Disaster Recovery as a Services Market Segmentation
By Type
Recovery & Backup Services
Data Protection Services
Real-time Replication Services
Professional Services
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By End-User
BFSI
IT & Telecommunication
Retail & Consumer Goods
Government
Healthcare
Media & Entertainment
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Disaster Recovery as a Services Companies Profiled in the Study
Acronis International GmbH
Amazon Web Services Inc
IBM Corp
Infrascale Inc
InterVision Systems LLC
Microsoft Corp
Recovery Point Systems Inc
Sungard Availability Services LP
TierPoint LLC
VMware Inc
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Disaster Recovery as a Services Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Disaster Recovery as a Services Market Size Outlook, $ Million, 2021 to 2032
3.2 Disaster Recovery as a Services Market Outlook by Type, $ Million, 2021 to 2032
3.3 Disaster Recovery as a Services Market Outlook by Product, $ Million, 2021 to 2032
3.4 Disaster Recovery as a Services Market Outlook by Application, $ Million, 2021 to 2032
3.5 Disaster Recovery as a Services Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Disaster Recovery as a Services Industry
4.2 Key Market Trends in Disaster Recovery as a Services Industry
4.3 Potential Opportunities in Disaster Recovery as a Services Industry
4.4 Key Challenges in Disaster Recovery as a Services Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Disaster Recovery as a Services Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Disaster Recovery as a Services Market Outlook by Segments
7.1 Disaster Recovery as a Services Market Outlook by Segments, $ Million, 2021- 2032
By Type
Recovery & Backup Services
Data Protection Services
Real-time Replication Services
Professional Services
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By End-User
BFSI
IT & Telecommunication
Retail & Consumer Goods
Government
Healthcare
Media & Entertainment
Others
8 North America Disaster Recovery as a Services Market Analysis and Outlook To 2032
8.1 Introduction to North America Disaster Recovery as a Services Markets in 2024
8.2 North America Disaster Recovery as a Services Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Disaster Recovery as a Services Market size Outlook by Segments, 2021-2032
By Type
Recovery & Backup Services
Data Protection Services
Real-time Replication Services
Professional Services
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By End-User
BFSI
IT & Telecommunication
Retail & Consumer Goods
Government
Healthcare
Media & Entertainment
Others
9 Europe Disaster Recovery as a Services Market Analysis and Outlook To 2032
9.1 Introduction to Europe Disaster Recovery as a Services Markets in 2024
9.2 Europe Disaster Recovery as a Services Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Disaster Recovery as a Services Market Size Outlook by Segments, 2021-2032
By Type
Recovery & Backup Services
Data Protection Services
Real-time Replication Services
Professional Services
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By End-User
BFSI
IT & Telecommunication
Retail & Consumer Goods
Government
Healthcare
Media & Entertainment
Others
10 Asia Pacific Disaster Recovery as a Services Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Disaster Recovery as a Services Markets in 2024
10.2 Asia Pacific Disaster Recovery as a Services Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Disaster Recovery as a Services Market size Outlook by Segments, 2021-2032
By Type
Recovery & Backup Services
Data Protection Services
Real-time Replication Services
Professional Services
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By End-User
BFSI
IT & Telecommunication
Retail & Consumer Goods
Government
Healthcare
Media & Entertainment
Others
11 South America Disaster Recovery as a Services Market Analysis and Outlook To 2032
11.1 Introduction to South America Disaster Recovery as a Services Markets in 2024
11.2 South America Disaster Recovery as a Services Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Disaster Recovery as a Services Market size Outlook by Segments, 2021-2032
By Type
Recovery & Backup Services
Data Protection Services
Real-time Replication Services
Professional Services
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By End-User
BFSI
IT & Telecommunication
Retail & Consumer Goods
Government
Healthcare
Media & Entertainment
Others
12 Middle East and Africa Disaster Recovery as a Services Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Disaster Recovery as a Services Markets in 2024
12.2 Middle East and Africa Disaster Recovery as a Services Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Disaster Recovery as a Services Market size Outlook by Segments, 2021-2032
By Type
Recovery & Backup Services
Data Protection Services
Real-time Replication Services
Professional Services
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By End-User
BFSI
IT & Telecommunication
Retail & Consumer Goods
Government
Healthcare
Media & Entertainment
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Acronis International GmbH
Amazon Web Services Inc
IBM Corp
Infrascale Inc
InterVision Systems LLC
Microsoft Corp
Recovery Point Systems Inc
Sungard Availability Services LP
TierPoint LLC
VMware Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
