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Disaster Recovery As A Service (DRaaS) Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2025-2034
Published Date: May, 2025
Base Year: 2024
Delivery Format: PDF+Excel, PPT
Historical Year: 2018-2023
No of Pages: 263
Forecast Year: 2025-2034
The Disaster Recovery as a Service (DRaaS) market is a rapidly growing sector that provides companies with an effective disaster recovery solution for their IT infrastructure. DRaaS enables businesses to ensure their data and systems are recoverable in the event of a disaster, such as natural disasters, cyber attacks, or other types of disruptions.
DRaaS is a cloud-based service that allows businesses to protect their data and applications by replicating them in a secure off-site location. This ensures that in the event of a disaster, businesses can quickly restore their data and systems to their previous state, minimizing downtime and reducing the impact on business operations.
The DRaaS market is experiencing significant growth due to the increasing demand for business continuity and disaster recovery solutions. The market is expected to grow at a CAGR of 36.1% between 2021 and 2028, according to a report by MWR.
Disaster Recovery as a Service (DRaaS) is a cloud-based solution that enables businesses to recover their data and systems in the event of a disaster. DRaaS providers offer backup and replication services that enable businesses to restore their data and systems quickly and efficiently.
DRaaS solutions provide businesses with an off-site location where their data and systems are replicated and stored. In the event of a disaster, businesses can quickly restore their data and systems to their previous state, reducing downtime and minimizing the impact on business operations.
DRaaS solutions also offer businesses the flexibility to scale their disaster recovery solution as their needs change. Businesses can easily increase or decrease the amount of storage and computing resources they require based on their needs.
Executive Summary
The Disaster Recovery as a Service (DRaaS) market is a rapidly growing sector that provides businesses with an effective disaster recovery solution for their IT infrastructure. DRaaS enables businesses to ensure their data and systems are recoverable in the event of a disaster, such as natural disasters, cyber attacks, or other types of disruptions.
The DRaaS market is expected to grow at a CAGR of 36.1% between 2021 and 2028, according to a report by MWR. The market is being driven by the increasing demand for business continuity and disaster recovery solutions.
Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.
Key Market Insights
The DRaaS market is being driven by the increasing demand for business continuity and disaster recovery solutions. The market is expected to grow at a CAGR of 36.1% between 2021 and 2028, according to a report by MWR.
The Asia-Pacific region is expected to be the fastest-growing market for DRaaS, with a CAGR of 39.5% between 2021 and 2028. This is due to the increasing adoption of cloud-based services and the growing number of small and medium-sized businesses in the region.
The DRaaS market is being driven by the increasing adoption of cloud-based services, the growing number of cyber attacks, and the need for regulatory compliance.
Market Analysis
The global DRaaS market is expected to reach $22.11 billion by 2028, according to a report by MWR. The market is expected to grow at a CAGR of 36.1% between 2021 and 2028.
The Asia-Pacific region is expected to be the fastest-growing market for DRaaS, with a CAGR of 39.5% between 2021 and 2028. This is due to the increasing adoption of cloud-based services and the growing number of small and medium-sized businesses in the region.
The backup and recovery segment is expected to dominate the DRaaS market, accounting for more than 50% of the market share in 2028. This is due to the increasing demand for backup and recovery solutions that enable businesses to quickly restore their data and systems in the event of a disaster.
The public cloud deployment model is expected to dominate the DRaaS market, accounting for more than 70% of the market share in 2028. This is due to the increasing adoption of cloud-based services by businesses, as well as the benefits of scalability, flexibility, and cost-effectiveness that cloud-based solutions offer.
The SMBs segment is expected to be the fastest-growing segment in the DRaaS market, with a CAGR of 39.3% between 2021 and 2028. This is due to the increasing number of small and medium-sized businesses that are adopting DRaaS solutions to ensure business continuity and disaster recovery.
Market Drivers
The DRaaS market is being driven by several factors, including:
- Increasing Demand for Business Continuity and Disaster Recovery Solutions: With the increasing number of cyber attacks and natural disasters, businesses are increasingly adopting DRaaS solutions to ensure their data and systems are recoverable in the event of a disaster.
- Growing Adoption of Cloud-Based Services: The increasing adoption of cloud-based services by businesses is driving the growth of the DRaaS market, as businesses are looking for flexible, scalable, and cost-effective solutions for disaster recovery.
- Need for Regulatory Compliance: Businesses are increasingly facing regulatory compliance requirements that mandate the implementation of disaster recovery solutions.
Market Restraints
The DRaaS market is also facing some restraints, including:
- Security Concerns: The security of cloud-based solutions is a concern for many businesses, as they are relying on third-party providers to protect their data and systems.
- Lack of Awareness: Many businesses are still unaware of the benefits of DRaaS solutions, and may not be willing to invest in disaster recovery solutions.
Market Opportunities
The DRaaS market presents several opportunities for growth, including:
- Increasing Adoption of Hybrid Cloud Solutions: The increasing adoption of hybrid cloud solutions, which combine public and private cloud solutions, presents an opportunity for DRaaS providers to offer solutions that integrate with hybrid cloud architectures.
- Growing Number of SMBs: The growing number of small and medium-sized businesses presents an opportunity for DRaaS providers to offer cost-effective, scalable, and flexible solutions for disaster recovery.
Market Dynamics
The DRaaS market is a dynamic and rapidly evolving sector, with several trends shaping the market, including:
- Shift Towards Cloud-Based Solutions: Businesses are increasingly adopting cloud-based solutions for disaster recovery, as they offer flexibility, scalability, and cost-effectiveness.
- Growing Focus on Cybersecurity: The growing number of cyber attacks is driving the need for robust cybersecurity solutions, including disaster recovery solutions.
- Increasing Adoption of Hybrid Cloud Solutions: The adoption of hybrid cloud solutions is on the rise, with businesses looking for solutions that offer the benefits of both public and private cloud solutions.
Regional Analysis
The DRaaS market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific region is expected to be the fastest-growing market for DRaaS, with a CAGR of 39.5% between 2021 and 2028.
The growth of the DRaaS market in the Asia-Pacific region is being driven by the increasing adoption of cloud-based services, the growing number of small and medium-sized businesses, and the increasing need for business continuity and disaster recovery solutions.
Competitive Landscape
Leading Companies in the Disaster Recovery As A Service (DRaaS) Market:
- IBM Corporation
- Microsoft Corporation
- VMware, Inc.
- Amazon Web Services, Inc.
- Cisco Systems, Inc.
- Dell Technologies Inc.
- HP Inc. (Hewlett Packard Enterprise)
- NetApp, Inc.
- Acronis International GmbH
- Druva Inc.
Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation
The DRaaS market is segmented by component, deployment model, organization size, vertical, and region.
By component, the market is segmented into software, services, and solutions. The services segment is expected to dominate the DRaaS market, accounting for the largest market share in 2028.
By deployment model, the market is segmented into public cloud, private cloud, and hybrid cloud. The public cloud deployment model is expected to dominate the DRaaS market, accounting for more than 70% of the market share in 2028.
By organization size, the market is segmented into large enterprises and small and medium-sized businesses (SMBs). The SMBs segment is expected to be the fastest-growing segment in the DRaaS market, with a CAGR of 39.3% between 2021 and 2028.
By vertical, the market is segmented into BFSI, IT and telecommunication, healthcare, government and public sector, retail, and others. The BFSI segment is expected to dominate the DRaaS market, accounting for the largest market share in 2028.
Category-wise Insights
The DRaaS market can be categorized based on the type of solution offered, including backup and recovery, data protection, and system recovery.
The backup and recovery segment is expected to dominate the DRaaS market, accounting for more than 50% of the market share in 2028. This is due to the increasing demand for backup and recovery solutions that enable businesses to quickly restore their data and systems in the event of a disaster.
The data protection segment is also expected to grow significantly, with a CAGR of 37.6% between 2021 and 2028. This is due to the increasing need for businesses to protect their data from cyber attacks and other threats.
Key Benefits for Industry Participants and Stakeholders
The DRaaS market offers several benefits for industry participants and stakeholders, including:
- Cost-Effectiveness: DRaaS solutions offer businesses a cost-effective solution for disaster recovery, as they eliminate the need for businesses to invest in expensive hardware and software.
- Scalability: DRaaS solutions are highly scalable, allowing businesses to easily increase or decrease the amount of storage and computing resources they require.
- Business Continuity: DRaaS solutions ensure business continuity by ensuring that data and systems are recoverable in the event of a disaster.
SWOT Analysis
Strengths:
- Flexibility and Scalability: DRaaS solutions offer businesses a flexible and scalable solution for disaster recovery.
- Cost-Effective: DRaaS solutions are a cost-effective solution for disaster recovery, eliminating the need for businesses to invest in expensive hardware and software.
Weaknesses:
- Security Concerns: The security of cloud-based solutions is a concern for many businesses, as they are relying on third-party providers to protect their data and systems.
- Lack of Awareness: Many businesses are still unaware of the benefits of DRaaS solutions, and may not be willing to invest in disaster recovery solutions.
Opportunities:
- Increasing Adoption of Hybrid Cloud Solutions: The increasing adoption of hybrid cloud solutions presents an opportunity for DRaaS providers to offer solutions that integrate with hybrid cloud architectures.
- Growing Number of SMBs: The growing number of small and medium-sized businesses presents an opportunity for DRaaS providers to offer cost-effective, scalable, and flexible solutions for disaster recovery.
Threats:
- Competition from Established Players: The DRaaS market is highly competitive, with several key players dominating the market.
- Data Privacy Regulations: The increasing number of data privacy regulations may pose a threat to the DRaaS market, as businesses may be hesitant to store their data off-site.
Market Key Trends
The DRaaS market is being shaped by several key trends, including:
- Growing Adoption of Cloud-Based Solutions: The increasing adoption of cloud-based solutions by businesses is driving the growth of the DRaaS market. Cloud-based solutions offer flexibility, scalability, and cost-effectiveness, making them an attractive option for businesses looking for disaster recovery solutions.
- Increasing Focus on Cybersecurity: The growing number of cyber attacks is driving the need for robust cybersecurity solutions, including disaster recovery solutions. Businesses are looking for solutions that can protect their data and systems from cyber threats.
- Adoption of Hybrid Cloud Solutions: The adoption of hybrid cloud solutions is on the rise, with businesses looking for solutions that offer the benefits of both public and private cloud solutions. DRaaS providers are offering solutions that integrate with hybrid cloud architectures.
- Growing Use of Machine Learning and AI: DRaaS providers are increasingly using machine learning and AI technologies to improve the efficiency and effectiveness of their solutions. These technologies enable DRaaS providers to automate tasks and improve decision-making.
Covid-19 Impact
The Covid-19 pandemic has had a significant impact on the DRaaS market. The pandemic has highlighted the need for business continuity and disaster recovery solutions, as businesses have had to adapt to remote work environments and other disruptions.
The pandemic has also accelerated the adoption of cloud-based solutions, as businesses have looked for ways to ensure business continuity in the face of the pandemic. This has driven the growth of the DRaaS market, as businesses have turned to cloud-based disaster recovery solutions.
Key Industry Developments
Some key industry developments in the DRaaS market include:
- Acquisition of Zerto by HPE: In 2021, HPE announced that it would acquire Zerto, a provider of cloud-based disaster recovery solutions. This acquisition is expected to strengthen HPE’s disaster recovery and backup capabilities.
- Partnership between IBM and VMware: In 2020, IBM and VMware announced a partnership to offer a cloud-based disaster recovery solution. The partnership is aimed at providing businesses with a flexible and scalable disaster recovery solution.
- Introduction of Azure Site Recovery: In 2020, Microsoft introduced Azure Site Recovery, a disaster recovery solution that enables businesses to replicate their data and systems to an off-site location. The solution is designed to be easy to use and offers automated failover and failback.
Analyst Suggestions
Analysts suggest that the DRaaS market is expected to continue to grow at a rapid pace, driven by the increasing demand for business continuity and disaster recovery solutions. The market is also expected to benefit from the growing adoption of cloud-based solutions and the increasing number of small and medium-sized businesses.
Analysts recommend that DRaaS providers focus on offering solutions that are flexible, scalable, and cost-effective. Providers should also prioritize cybersecurity and offer solutions that can protect businesses from cyber threats.
Future Outlook
The DRaaS market is expected to continue to grow at a rapid pace, driven by the increasing demand for business continuity and disaster recovery solutions. The market is also expected to benefit from the growing adoption of cloud-based solutions and the increasing number of small and medium-sized businesses.
In the future, DRaaS providers are expected to continue to focus on offering solutions that are flexible, scalable, and cost-effective. Providers are also expected to prioritize cybersecurity and offer solutions that can protect businesses from cyber threats.
Conclusion
The DRaaS market is a rapidly growing sector that provides businesses with an effective disaster recovery solution for their IT infrastructure. The market is being driven by the increasing demand for business continuity and disaster recovery solutions, the growing adoption of cloud-based services, and the need for regulatory compliance.
The DRaaS market presents several opportunities for growth, including the increasing adoption of hybrid cloud solutions and the growing number of small and medium-sized businesses. However, the market is also facing some restraints, including security concerns and a lack of awareness.
Analysts suggest that DRaaS providers should focus on offering solutions that are flexible, scalable, and cost-effective, while prioritizing cybersecurity to protect businesses from cyber threats. The market is expected to continue to grow at a rapid pace in the future, driven by these factors and the increasing adoption of cloud-based solutions.
Disaster Recovery As A Service (DRaaS) Market Segmentation:
| Segment | Segmentation Details |
|---|---|
| Deployment Model | Public Cloud, Private Cloud, Hybrid Cloud |
| Service Type | Backup & Recovery, Real-Time Replication, Data Protection |
| End-Use | Large Enterprises, Small & Medium Enterprises |
| Region | Global |
Please note: The segmentation can be entirely customized to align with our client’s needs.
Leading Companies in the Disaster Recovery As A Service (DRaaS) Market:
- IBM Corporation
- Microsoft Corporation
- VMware, Inc.
- Amazon Web Services, Inc.
- Cisco Systems, Inc.
- Dell Technologies Inc.
- HP Inc. (Hewlett Packard Enterprise)
- NetApp, Inc.
- Acronis International GmbH
- Druva Inc.
Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
North America
o US
o Canada
o Mexico
Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe
Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific
South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America
The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA
Important Questions Covered in this Study
- Which are the main companies that are currently operating within the market?
- What are the factors that are predicted to propel the growth of the market?
- What are the factors that are expected to limit the growth of the market?
- Which company had the largest market share?
- What are the main opportunities available in the market?
- What are the market size and growth rates of the various segments within the market?
- What are the market sizes and growth rates of the overall market or specific regions ?
- Which region or segment is projected to be the primary driver of market growth during the forecast period?
- What are the significant trends observed in the market?
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