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Press Release:

Global Disaster Recovery as a Service (DRaaS) Market to Grow at 18.40% During 2021-2026, Driven by Increasing Digitalization Across Industries

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Disaster Recovery as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global disaster recovery as a service market reached a value of US$ 6.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 18.40% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

DRaaS refers to a third-party cloud computing and backup service model that replicates and recovers virtual servers and data centers in case of a natural or man-made emergency. The backup is usually made on a public, cloud, virtual private cloud (VPC) or hybrid environment to secure sensitive information of the organization. It offers complete support and control over the network during failures and ensures business continuity by minimizing downtime and disruptions. Owing to these benefits, it finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, manufacturing, information technology (IT) and telecommunication industries.

The emerging trend of digitization, along with the increasing adoption of cloud-based services across industries, is one of the key factors driving the growth of the market. There is widespread utilization of DRaaS solutions that eliminates the need for a secondary recovery site and offers faster data recovery with minimal complexities. Furthermore, increasing awareness regarding cloud-based backup, along with recovery benefits among both small- and medium-sized organizations, is also providing a boost to the market growth. These organizations frequently use DRaaS to test and execute an effective disaster recovery plan. Additionally, several technological advancements, such as the introduction of intelligent data replication, virtual machine inventory and automated testing, are also favoring the market growth. These advancements enable users to be aware of application changes and run automated tests in protected virtual environments. Other factors, including the rising instances of cyber-attacks and extensive research and development (R&D) activities, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global disaster recovery as a service market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on service type, service provider, deployment model, end-user and vertical.

Breakup by Service Type:

  • Backup and Recovery Services
  • Real-time Replication Services
  • Data Protection Services
  • Professional Services
    • Training, Education, and Consulting Services
    • Support and Maintenance Services
       

Breakup by Service Provider:

  • Cloud Service Providers
  • Managed Service Providers
  • Telecom and Communication Service Providers
  • Others
     

Breakup by Deployment Model:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
     

Breakup by End-User:

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)
     

Breakup by Vertical:

  • BFSI
  • IT
  • Government
  • Healthcare
  • Manufacturing
  • Other 
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

 

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Amazon Web Services, Bluelock LLC, C and W Business Ltd, Geminare Incorporated, IBM Corporation, iLand Internet Solutions Corporation, Infrascale Inc., Microsoft Corporation, Recovery Point Systems Inc., Sungard Availability Services LP, TierPoint LLC, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Service Type, Service Provider, Deployment Model, End-User, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amazon Web Services, Bluelock LLC, C and W Business Ltd, Geminare Incorporated, IBM Corporation, iLand Internet Solutions Corporation, Infrascale Inc., Microsoft Corporation, Recovery Point Systems Inc., Sungard Availability Services LP and TierPoint LLC
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Disaster Recovery as a Service Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Service Type
    6.1    Backup and Recovery Services
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Real-time Replication Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Data Protection Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Professional Services
        6.4.1 Market Trends
        6.4.2 Major Types
            6.4.2.1 Training, Education, and Consulting Services
            6.4.2.2 Support and Maintenance Services
        6.4.3 Market Forecast
7    Market Breakup by Service Provider
    7.1    Cloud Service Providers
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Managed Service Providers
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Telecom and Communication Service Providers
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Deployment Model
    8.1    Public Cloud
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Private Cloud
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Hybrid Cloud
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by End-User
    9.1    Large Enterprises
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Small and Medium-sized Enterprises (SMEs)
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Vertical
    10.1    BFSI
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    IT
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Government
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Healthcare
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Manufacturing
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Amazon Web Services
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    Bluelock LLC
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    C and W Business Ltd.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    Geminare Incorporated
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    IBM Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    iLand Internet Solutions Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    Infrascale Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
        15.3.8    Microsoft Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Recovery Point Systems Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
        15.3.10    Sungard Availability Services LP
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    TierPoint LLC
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
 
List of Figures

Figure 1: Global: Disaster Recovery as a Service Market: Major Drivers and Challenges
Figure 2: Global: Disaster Recovery as a Service Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Disaster Recovery as a Service Market: Breakup by Service Type (in %), 2020
Figure 4: Global: Disaster Recovery as a Service Market: Breakup by Service Provider (in %), 2020
Figure 5: Global: Disaster Recovery as a Service Market: Breakup by Deployment Model (in %), 2020
Figure 6: Global: Disaster Recovery as a Service Market: Breakup by End-User (in %), 2020
Figure 7: Global: Disaster Recovery as a Service Market: Breakup by Vertical (in %), 2020
Figure 8: Global: Disaster Recovery as a Service Market: Breakup by Region (in %), 2020
Figure 9: Global: Disaster Recovery as a Service Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Disaster Recovery as a Service (Backup and Recovery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Disaster Recovery as a Service (Backup and Recovery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Disaster Recovery as a Service (Real-time Replication) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Disaster Recovery as a Service (Real-time Replication) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Disaster Recovery as a Service (Data Protection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Disaster Recovery as a Service (Data Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Disaster Recovery as a Service (Professional Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Disaster Recovery as a Service (Professional Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Disaster Recovery as a Service (Cloud Service Providers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Disaster Recovery as a Service (Cloud Service Providers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Disaster Recovery as a Service (Managed Service Providers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Disaster Recovery as a Service (Managed Service Providers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Disaster Recovery as a Service (Telecom and Communication Service Providers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Disaster Recovery as a Service (Telecom and Communication Service Providers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Disaster Recovery as a Service (Other Service Providers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Disaster Recovery as a Service (Other Service Providers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Disaster Recovery as a Service (Public Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Disaster Recovery as a Service (Public Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Disaster Recovery as a Service (Private Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Disaster Recovery as a Service (Private Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Disaster Recovery as a Service (Hybrid Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Disaster Recovery as a Service (Hybrid Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Disaster Recovery as a Service (Large Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Disaster Recovery as a Service (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Disaster Recovery as a Service (Small and Medium-sized Enterprises - SMEs) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Disaster Recovery as a Service (Small and Medium-sized Enterprises - SMEs) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Disaster Recovery as a Service (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Disaster Recovery as a Service (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Disaster Recovery as a Service (IT) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Disaster Recovery as a Service (IT) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Disaster Recovery as a Service (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Disaster Recovery as a Service (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Disaster Recovery as a Service (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Disaster Recovery as a Service (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Disaster Recovery as a Service (Manufacturing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Disaster Recovery as a Service (Manufacturing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Disaster Recovery as a Service (Other Verticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Disaster Recovery as a Service (Other Verticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: North America: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: North America: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: United States: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: United States: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Canada: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Canada: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Asia Pacific: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Asia Pacific: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: China: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: China: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Japan: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Japan: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: India: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: India: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: South Korea: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: South Korea: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Australia: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Australia: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Indonesia: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Indonesia: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Europe: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Europe: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Germany: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Germany: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: France: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: France: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: United Kingdom: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: United Kingdom: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Italy: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Italy: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Spain: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Spain: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Russia: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Russia: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Others: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Others: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Latin America: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Latin America: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Brazil: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Brazil: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Mexico: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Mexico: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Others: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Others: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Middle East and Africa: Disaster Recovery as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Middle East and Africa: Disaster Recovery as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 96: Global: Disaster Recovery as a Service Industry: SWOT Analysis
Figure 97: Global: Disaster Recovery as a Service Industry: Value Chain Analysis
Figure 98: Global: Disaster Recovery as a Service Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Disaster Recovery as a Service Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Disaster Recovery as a Service Market Forecast: Breakup by Service Type (in Million US$), 2021-2026
Table 3: Global: Disaster Recovery as a Service Market Forecast: Breakup by Service Provider (in Million US$), 2021-2026
Table 4: Global: Disaster Recovery as a Service Market Forecast: Breakup by Deployment Model (in Million US$), 2021-2026
Table 5: Global: Disaster Recovery as a Service Market Forecast: Breakup by End-User (in Million US$), 2021-2026
Table 6: Global: Disaster Recovery as a Service Market Forecast: Breakup by Vertical (in Million US$), 2021-2026
Table 7: Global: Disaster Recovery as a Service Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Disaster Recovery as a Service Market: Competitive Structure
Table 9: Global: Disaster Recovery as a Service Market: Key Players

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Key Questions Answered in This Report

We expect the global disaster recovery as a service market to grow at a CAGR of 18.40% during 2021-2026.

Sudden outbreak of the COVID-19 pandemic has led to an increasing deployment of remote working models which is inducing the utilization of cloud-based backup for securing confidential information of the organizations. This has resulted in the rising adoption of DRaaS on a global level.

The growing adoption of DRaaS across organizations for ensuring complete support and control over the network during failures and enabling business continuity without any disruptions, represents one of the factors driving the global disaster recovery as a service market.

Based on the service type, the global disaster recovery as a service market can be segmented into backup and recovery services, real-time replication services, data protection services, and professional services, where backup and recovery services currently hold the majority of the total market share.

Based on the service provider, the global disaster recovery as a service market has been bifurcated into cloud service providers, managed service providers, telecom and communication service providers, and others. Among these, cloud service providers currently represent the largest segment.

Based on the deployment model, the global disaster recovery as a service market can be divided into public cloud, private cloud, and hybrid cloud. Currently, public cloud accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global disaster recovery as a service market include Amazon Web Services, Bluelock LLC, C and W Business Ltd, Geminare Incorporated, IBM Corporation, iLand Internet Solutions Corporation, Infrascale Inc., Microsoft Corporation, Recovery Point Systems Inc., Sungard Availability Services LP, TierPoint LLC, etc.

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