What Is The Current and Historic Market Size Analysis Of The Disaster Recovery Solutions Market?
The disaster recovery solutions market has seen considerable growth due to a variety of factors.
• There has been a significant expansion in the market size of disaster recovery solutions in the past few years. The market, which is expected to grow from $17.88 billion in 2024 to $23.55 billion in 2025, is predicted to have a compound annual growth rate (CAGR) of 31.7%.
This impressive growth during the historic period can be traced back to factors such as growing data reliance, the surge in cybersecurity threats, the embracing of cloud computing, the occurrence of natural disasters and climate change, and an increase in cybersecurity risks.
What Is The Forecast For The Disaster Recovery Solutions Market?
The disaster recovery solutions market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for disaster recovery solutions is projected to experience significant growth. The valuation is predicted to reach $70.03 billion by 2029, with a compound annual growth rate (CAGR) of 31.3%.
The projected growth during this period can be credited to factors such as the expansion of hybrid IT environments, increased necessity for business continuity, the integration of AI and automation, growing remote work arrangements, and a focus on IT sustainability, along with digital transformation and the rise in data volume. The period is also expected to witness major trends such as advancements in technology, the incorporation of artificial intelligence and machine learning, automation, cloud-based solutions, and the increased adoption of cloud computing.
What Are The Leading Drivers Of Growth In The Disaster Recovery Solutions Market?
The disaster recovery solutions market is projected to expand due to an upsurge in cybersecurity threats. These threats, which can take the form of unauthorized system access, data breaches, malware, and ransomware attacks, pose significant risks to digital systems. They're fuelled by factors such as escalating digitalization, widespread usage of connected devices, and the evolving complexity of cyber-attack methodologies. Disaster recovery solutions offer a reliable shield against these threats, ensuring prompt restoration of vital systems and data in case of a data breach, cyber onslaught, or system crash. This minimizes downtime, prevents data loss, and guarantees business continuity while protecting against additional security threats. For example, in October 2024, Cybersecurity Ventures, an American cybersecurity data researcher and publisher, reported that the expense of cybercrime hit $8 trillion in 2023. This figure, which equates to more than $250,000 per second, is expected to climb to $10.5 trillion annually by 2025. Consequently, the burgeoning cybersecurity threats are propelling the growth of the disaster recovery solutions market.
How Is The Global Disaster Recovery Solutions Market Divided Into Key Segments?
The disaster recovery solutions market covered in this report is segmented –
1) By Service Type: Backup And Recovery, Data Security, Replication, Professional Service
2) By Deployment: Hybrid Cloud, Public Cloud, Private Cloud
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprise
4) By End-use: Banking, Financial Services and Insurance (BFSI), Government And Public Sector, Healthcare, Information Technology (IT) And Telecommunication, Manufacturing, Retail, Other End-Users
Subsegments:
1) By Backup And Recovery: Cloud Backup, On-Premises Backup, Hybrid Backup
2) By Data Security: Encryption Services, Identity And Access Management (IAM), Threat Detection and Prevention
3) By Replication: Real-Time Data Replication, Storage-Based Replication, Network-Based Replication
4) By Professional Service: Disaster Recovery Planning And Consulting, Managed Disaster Recovery Services, Testing And Compliance Services
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What Trends Are Reshaping The Future Of The Disaster Recovery Solutions Market?
Major companies operating in the disaster recovery solutions market are focusing on developing automated disaster recovery solution to develop faster, more efficient, and secure disaster recovery options. An automated disaster recovery solution is a system that uses automated processes to quickly restore IT infrastructure and data after a disaster or cyberattack, minimizing downtime and reducing manual intervention. For instance, in November 2022, Protera, a US-based enterprise cloud service provider, launched its Automated Disaster Recovery Solution to help businesses shift from traditional check-box recovery plans to dynamic, real-world testing. This solution allows companies to continuously test, validate, and ensure their processes can effectively respond to cyber-attacks and restore operations with minimal disruption. This employs a sprint-based approach to project delivery that includes phases such as discovery and scoping, detailed planning, implementation, and testing.
Who Are the Key Players In The Disaster Recovery Solutions Market?
Major companies operating in the disaster recovery solutions market are:
• Microsoft Corporation
• Hewlett Packard Corp.
• Cisco Systems Inc.
• Amazon Web Services Inc.
• IBM Corporation
• Veeam Software
• Daisy Group
• Commvault Systems Inc.
• Acxiom LLC
• Rubrik Inc.
• Acronis International GmbH
• TierPoint LLC.
• 11:11 Systems Inc.
• Unitrends Inc.
• Evault Inc.
• Carpathia Hosting LLC
• Recovery Point Systems Inc.
• SunGard Availability Services
• Bluelock LLC
• Infrascale Inc.
What Are The Regional Insights Into The Disaster Recovery Solutions Market?
North America was the largest region in the disaster recovery solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disaster recovery solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
