How Has The Computer Vision in Disaster Recovery as a service (DRaaS) Market Size Evolved In Recent Years?
The disaster recovery as a service (draas) market has seen considerable growth due to a variety of factors.
• In recent years, the market size for disaster recovery as a service (DRaaS) has seen significant growth. This is projected to continue, with an increase from $11.99 billion in 2024 to $15.14 billion in 2025, boasting a compound annual growth rate (CAGR) of 26.2%.
Factors contributing to this historic growth include a surge in data dependency, escalating demands for scalability, rising data vulnerabilities, complexities in IT infrastructure, and an upsurge in cyber threats.
What Is The Forecast For The Disaster Recovery as a service (DRaaS) Market By 2029?
The disaster recovery as a service (draas) market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the disaster recovery as a service (DRaaS) market size is projected to experience immense growth, expanding to $44.2 billion by 2029 with a compound annual growth rate (CAGR) of 30.7%.
Factors contributing to the growth during the forecast timeframe include the integration of AI and machine learning, continuous data protection (CDP), resilience in edge computing, solutions for ransomware mitigation, as well as multi-cloud and interoperability. Key trends during this period will include cost optimization and scalability, resilience to natural disasters, automation and orchestration, expectations of real-time recovery, and a move towards remote work.
What Are The Key Drivers Fueling Growth In The Disaster Recovery as a service (DRaaS) Market?
The increasing demand for public and private data backup fuels the expansion of the disaster recovery as a service (DRAAS) market. Every day, 2.5 quintillion bytes of data are generated, with a significant portion of this being lost due to unplanned system downtime, leading to the closure of numerous businesses. The potential losses and damage from these system downtimes are considerable, underscoring the critical need for backup services. Such services ensure that businesses are protected from unexpected disasters, propelling the growth of the disaster recovery as a service (DRAAS) market. For example, a study by invenio IT revealed that less than 10% of businesses can withstand a disaster without a disaster recovery plan. It's not just small market players that are included in this, but also major companies like FedEx and Nissan, who depend on backup services for their continued operation.
How Is The Globa Disaster Recovery as a service (DRaaS) Market Divided Into Key Segments?
The disaster recovery as a service (DRaaS) market covered in this report is segmented –
1) By Service Type: Backup And Recovery, Real-Time Replication, Data Protection
2) By Size Of Enterprise: Large Enterprises, Small And Medium Enterprises
3) By Application: Banking, Financial Services And insurance (BFSI), Government, IT And Telecom, Media And Entertainment, Manufacturing And Logistics, Education
Subsegments:
1) By Backup And Recovery: Cloud Backup Services, On-Premises Backup Solutions
2) By Real-Time Replication: Continuous Data Protection, Synchronous Replication, Asynchronous Replication
2) By Data Protection: Data Security Solutions, Compliance And Governance Services
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What Trends Are Reshaping The Disaster Recovery as a service (DRaaS) Market?
The escalating prevalence of cyber threats has compelled corporations to implement AI and Machine Learning into their DRAAS solutions to preemptively identify potential threats and anomalous activity. Predictive learning algorithms are being created to discern between legitimate and false disaster recovery scenarios. Such algorithms can initiate proactive recoveries autonomously, preventing outages even before they are recognized. For example, Unitrends, a US enterprise, provides an array of business continuity and backup services. It has pioneered the use of AI in its services, which is activated during every backup process to detect backups impacted by ransomware. Once the data threats have been identified, the company leverages AI and innovative technologies to promptly alert about the detected threats, thereby enhancing data security.
Who Are the Key Players in the Disaster Recovery as a service (DRaaS) Market?
Major companies operating in the disaster recovery as a service (DRaaS) market include:
• Amazon.com Inc.
• Microsoft Corporation
• Verizon Communications Inc.
• NTT Communications Corporation
• Dell Inc.
• The International Business Machines Corporation
• Cisco Systems Inc.
• The Hewlett Packard Enterprise Company
• VMWare Inc.
• Geminare Incorporated
• Windstream Holdings II LLC
• Sun Gard Availability Services
• Commvault
• Datto Inc.
• TierPoint LLC
• Acronis International GmbH
• 11:11 Systems Inc.
• Node Africa
• Evolve IP LLC
• Axcient
• Infrascale Inc.
• Recovery Point Systems Inc.
• Treo Information Technologies
• Disaster Recovery South Africa PTY. Ltd.
• Bluelock
• Quorum Business Solutions Inc.
What are the Regional Insights into the Disaster Recovery as a service (DRaaS) Market?
Asia-Pacific was the largest region in the disaster recovery as a service (DRAAS) industry in 2024. Asia-Pacific is expected to be the fastest-growing region in the global disaster recovery as a service (DRAAS) market analysis report during the forecast period. The regions covered in the disaster recovery as a service (DRAAS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
