The disaster recovery-as-a-service market is estimated to be valued at USD 23.4 billion in 2024. The snail mucin skincare market is predicted to rise at a CAGR of 24.8% from 2024 to 2034. The global disaster recovery-as-a-service market is anticipated to reach USD 214.3 billion by 2034.
The market for disaster recovery as a service is expanding due to SMEs' and major companies' growing adoption of enhanced resilience solutions. Businesses require server virtualization and cloud computing solutions that can shift apps into temporary storage during firmware upgrades, recovery testing, and system maintenance to minimize planned outages.
In an effort to minimize casualties and property damage, several groups are investigating ways to implement systems that can alert people of impending natural disasters, including storms, landslides, and earthquakes, as well as terrorist attacks, blackouts, and chemical leaks. This is anticipated to accelerate the demand for catastrophe recovery as a service.
The need for disaster recovery-as-a-service solutions is rising as the likelihood of data loss from natural catastrophes or equipment malfunctions increases. Moreover, a major driver propelling the growth of the disaster recovery-as-a-service market is the increase in harmful data assaults.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | USD 23.4 billion |
| Projected Market Value in 2034 | USD 214.3 billion |
| Value-based CAGR from 2024 to 2034 | 24.8% |
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From 2019 to 2023, the disaster recovery-as-a-service market experienced a CAGR of 22.6%. Globally, a rising amount of businesses are embracing digitalization. The growing number of cloud-based organizations is driving demand for disaster recovery as a service (DRaaS).
DRaaS solutions are widely used in a variety of industries, including banking, financial services and insurance (BFSI), IT & communications, healthcare, and others, because of their affordability and flexibility.
The global growth of digital technology and rising disposable income in high-potential markets has resulted in a flexible use of internet technologies like cloud computing and other technologies. As a result, there have been more cybercrimes, which has aided in the market's expansion.
Technological developments in data storage and replication, along with the general growth of the telecommunication industry, are making it possible for more businesses to obtain affordable resilience solutions for vital business operations. This is also anticipated to have a significant effect on the DRaaS market.
The demand for DRaaS solutions is soaring as major end-use industries like BFSI, the IT industry, telephony, and others continue to grow their infrastructure. This presents profitable opportunities for companies like IBM, Microsoft, and Sunguard. Projections indicate that the global disaster recovery-as-a-service market is expected to experience a CAGR of 24.8% from 2024 to 2034.
| Historical CAGR (2019 to 2023) | 22.6% |
|---|---|
| Forecasted CAGR (2024 to 2034) | 24.8% |
Principal Consultant
The tables showcase essential economies such as the United States, Germany, China, India, and France, highlighting the disaster recovery-as-a-service market dynamics.
Based on a comprehensive analysis, Australia presents a substantial opportunity due to the strong presence of disaster recovery-as-a-service providers.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 21.60% |
| Germany | 20.20% |
| Japan | 19.50% |
| China | 25.30% |
| Australia | 28.30% |
The United States market for DRaaS solutions is expanding due to the rising use of cutting-edge technology, an increasing need for a secure storage and recovery network, and significant investments in research and development. The disaster recovery-as-a-service market in the United States is expected to register a CAGR of 21.60%.
The demand for data centers and the growing acceptance of disaster recovery as a service among both small and large enterprises are also propelling the country's market progress.
The disaster recovery-as-a-service market in China is expected to register a CAGR of 25.30%. The Chinese market is expanding impressively in terms of both market value and volume due to an increase in demand for risk management and data recovery solutions. Government agencies in high-potential areas are investing more in IT, which is predicted to benefit the sector.
The nation has generally shown a high percentage of cloud technology adoption. Encouraged by a few government mandates, more businesses are extending their reach on the Internet. As a result, the risk of cyberattacks is increasing. As a result, there will be abundant opportunities for the DRaaS market in China to expand.
The disaster recovery-as-a-service market in Germany is expected to register a CAGR of 20.20%. The market growth in the country is attributed to increased cybersecurity risks, such as ransomware attacks, data breaches, and cyber espionage, which are becoming more prevalent in Germany.
Strong data protection rules, such as the General Data Protection Regulation (GDPR), are in place in Germany and require businesses to implement extensive data security and privacy procedures. The adoption of DRaaS solutions, which guarantee data protection, backup, and recovery, is driven by the necessity to comply with these standards.
The disaster recovery-as-a-service market in Japan is expected to register a CAGR of 19.50%. To improve resilience to disasters and preparedness, the Japanese government has launched several projects, including encouraging cloud-based technology for disaster recovery. Businesses are encouraged to invest in DRaaS solutions to lessen the effects of natural catastrophes and safeguard vital infrastructure through government incentives, subsidies, and restrictions.
Japan has seen a steady transition to cloud computing due to the necessity for cost-effectiveness, scalability, and flexibility. By using cloud infrastructure to deliver on-demand backup, replication, and recovery services, disaster recovery as a service (DRaaS) solutions allow businesses to lower capital costs associated with traditional disaster recovery infrastructure while allowing them to increase resources dynamically.
Australia is seeing an increase in ransomware attacks, data breaches, and phishing schemes, among other cybersecurity risks. Data encryption, threat detection, and recovery capabilities are provided by DRaaS solutions to protect against cyber incidents and guarantee the availability and integrity of vital data and systems. The disaster recovery-as-a-service market in Australia is expected to register a CAGR of 28.30%.
Resilience in the face of interruptions and natural disasters is highly valued in Australia. By providing geographically scattered replication, automatic failover methods, and redundant data storage, DRaaS solutions provide resilience and help businesses recover swiftly from calamities while maintaining service availability for stakeholders and consumers.
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The section below shows the leading segment. The data protection service segment is expected to account for a market share of 28.2% in 2024. Based on the service provider, the telecommunication service provider segment is expected to have a share of 36.2%.
| Category | Market Share |
|---|---|
| Data Protection Service | 28.2% |
| Telecommunication Service Provider | 36.2% |
The data protection service segment emerged as the dominant force in the disaster recovery-as-a-service market, commanding 28.2% of the total market share in 2024.
Large volumes of data, including sensitive information like financial data, customer records, and intellectual property, are generated and stored by businesses. For regulatory compliance and business continuity, protecting this data from loss, corruption, and illegal access is critical.
By offering data protection services on a subscription basis, DRaaS presents a more economical option by doing away with the requirement for capital expenditures and lowering the total cost of ownership. Due to these reasons, the data protection services segment is playing the leading role in service type segments.
The telecommunication service providers segment is expected to account for a market share of 36.20% in 2024. Telecommunication service providers must adhere to stringent regulations covering privacy, data security, and service accessibility.
By guaranteeing speedy data recovery and reducing service outages in the case of a disaster, DRaaS solutions assist these providers in meeting their regulatory compliance duties.
Large volumes of sensitive data, such as call logs, network configurations, and customer communications, are handled by telecommunication service providers. Preserving client confidence and adhering to privacy laws require safeguarding this data from loss, corruption, or unwanted access.
Businesses in the industry are up against fierce rivalry. Most of them are dependent on technical advancements and innovations to obtain a competitive advantage.
Increasing the accessibility of DRaaS solutions is a major area of attention. This has led to introducing cutting-edge technologies at competitive rates by a few top companies.
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| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 23.4 billion |
| Projected Market Valuation in 2034 | USD 214.3 billion |
| Value-based CAGR 2024 to 2034 | 24.80% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Service Type, Deployment, Organization Size, Industry Vertical, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Amazon Web Services; Axcient; Citrix; IBM; Microsoft; NTT Communication; Sunguard; Cable & Wireless Communication; TierPoint, LLC; Recovery Point Systems; Cisco Systems |
As of 2024, the market for disaster recovery-as-a-service is expected to be valued at USD 23.45 billion.
By 2034, the market value of disaster recovery-as-a-service is expected to reach USD 214.3 billion.
From 2024 to 2034, the disaster recovery-as-a-service market is expected to flourish at a CAGR of 24.8%.
The telecommunication service provider segment is expected to account for a market share of 36.2% in 2024.
Australia is likely the top-performing market, with a CAGR of 28.3%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Service Model 5.1 Backup & Recovery 5.2 Real-Time Replication 5.3 Data Protection 5.4 Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment Model 6.1 Public Cloud 6.2 Private Cloud 6.3 Hybrid Cloud 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Organization Size 7.1 Small & Medium-Sized Enterprises (SMEs) 7.2 Large Enterprises 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry Vertical 8.1 Healthcare 8.2 BFSI 8.3 Government 8.4 Retail 8.5 Manufacturing 8.6 IT & Telecom 8.7 Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1 North America 9.2 Latin America 9.3 Western Europe 9.4 Eastern Europe 9.5 South Asia and Pacific 9.6 East Asia 9.7 Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1 Amazon Web Services 19.2 Axcient 19.3 Citrix 19.4 IBM 19.5 Microsoft 19.6 NTT Communication 19.7 Sunguard 19.8 Cable & Wireless Communication 19.9 TierPoint, LLC 19.10 Recovery Point Systems 19.11 Cisco Systems 20. Assumptions & Acronyms Used 21. Research Methodology
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Disaster Recovery-as-a-Service Market
