Disaster recovery as a service market is anticipated to grow at a considerable CAGR of 44.8% during the forecast period. The major factors that are augmenting the growth of the market are estimated to be the increasing cloud as a service market and increasing enterprise IT spending across various applications. Furthermore, the high adoption rate among SMEs, flexibility and automation capabilities, and faster recovery and cost-effective solutions are also estimated to be one of the major factors that are augmenting the growth of the market. Increasing ICT expenditure and increasing big data analytics market are the major factors driving the growth of the market. According to the International Trade Administration, the revenue generated by the ICT sector in India is expected to reach $1 trillion by 2050, or 20% of GDP. Moreover, India’s technology industry recorded its highest-ever rate of growth reaching $227 billion in revenue in 2021, from $200 billion in 2020, as per the National Association of Software and Services Companies (NASSCOM).
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The global disaster recovery as a service market is segmented based on deployment model, organization size, and verticals. Based on the deployment model, the market is subdivided into public cloud, private cloud, and hybrid cloud. Based on the organization the market is segmented into large enterprises and small and medium enterprises. Based on verticals, the market is categorized into BFSI, government and public sector, media and entertainment, telecommunication and IT, manufacturing, retail, healthcare, and others. Based on organization size, the large enterprises' segment is estimated to grow at a considerable rate. This enterprise heavily invested in advanced technologies to increase its overall profit. Meanwhile, the small and medium enterprises segment has witnessed favorable growth, as these enterprises require an extra data center for managing backup in critical situations.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Disaster Recovery as a Service Market by Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
Global Disaster Recovery as a Service Market by Organization
- Large Enterprises
- Small and Medium Enterprises
Global Disaster Recovery as a Service Market by Verticals
- BFSI
- Government and Public Sector
- Media and Entertainment
- Telecommunication and IT
- Manufacturing
- Retail
- Healthcare
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Amazon Web Services
- CA Technologies
- Cable and Wireless Communication, Ltd.
- Cisco Systems Inc.
- Econocom Nexica
- HP Enterprise Co.
- Iland Internet Solutions
- IBM Corp.
- Microsoft Corp.
- NTT Communication Corp.
- Rackspace Hosting Inc.
- Recovery Point Systems, Inc.
- Sungard Availability Services
- Tierpoint Llc.
- Verizon Enterprise Solution
- Vmware Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global disaster recovery as a service market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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