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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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