Disaster Recovery-as-a-Service (DRaaS) Market Size to Grow by USD 40.97 bn growth | Amazon.com Inc. and Broadcom Inc. Among Key Vendors|Technavio
NEW YORK , May 18, 2022 /PRNewswire/ -- The disaster recovery-as-a-service (DRaaS) market size is expected to grow by USD 40.97 bn from 2020 to 2025, according to Technavio. The growth momentum of the market will accelerate at a CAGR of 44.65% during the forecast period. The market's growth will be driven by factors such as improvements in manageability and protection. However, factors such as the availability of open-source disaster recovery tools may challenge the market growth.
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The disaster recovery-as-a-service (DRaaS) market covers the following areas:
Improvements in manageability and protection are driving the global disaster recovery-as-a-service (DRaaS) market share growth. DRaaS helps in continuing business operations in case of an outage. In addition, it improves the security and visibility of networks and servers with real-time activity and system health monitoring and reporting. DRaaS solutions provide full control and support manual and automatic failure. They also provide customer information on the state of health of the entire IT estate. They protect businesses from the impact of unplanned server outages. Small and medium-sized enterprises need an extra data center of their own or should be able to afford a secondary hot site for managing backup in critical situations. Moreover, these replicated data centers should meet the RPO and RTO objectives, and the backup should be done quickly. Therefore, improved manageability and data protection from DRaaS vendors allow businesses to focus on their core competencies.
The availability of open-source disaster recovery tools will challenge the global disaster recovery-as-a-service (DRaaS) market share growth during the forecast period. These tools help in setting up a single master backup server to multiple backup hosts over the network. Such solutions can be downloaded and run on all platforms. They are increasing in popularity in developing countries such as China and India, as many enterprises are wary of hosting their data on the cloud. Most small-scale companies cannot afford high-priced on-premises and cloud-based recovery backup solutions. As a result, they use open-source disaster recovery tools that do not require capital investments.
Key Vendors and their Offerings
The disaster recovery-as-a-service (DRaaS) market report offers information on several market vendors, including Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., Dell Technologies Inc., iland Internet Solutions, International Business Machines Corp., Microsoft Corp., NTT Communications Corp., Oracle Corp., and Sungard Availability Services LP among others. The key offerings of some of these vendors are listed below:
Amazon.com Inc. - The company offers CloudEndure under disaster recovery as a service.
Broadcom Inc. - The company offers CA performance management under disaster recovery as a service.
Cisco Systems Inc. - The company offers Cisco DRaaS reference architecture to provide disaster recovery services for enterprise customer data center physical and virtual servers to a service provider's Virtual Private Cloud (VPC).
Dell Technologies Inc. - The company offers Cloud Disaster Recovery for disaster recovery as a service.
iland Internet Solutions - The company offers disaster recovery as a service with Veenam and Zerto.
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 30%
Key consumer countries
US, China, UK, India, and Germany
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., Dell Technologies Inc., iland Internet Solutions, International Business Machines Corp., Microsoft Corp., NTT Communications Corp., Oracle Corp., and Sungard Availability Services LP
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: IT consulting and other services
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
Exhibit 95: Validation techniques employed for market sizing
Exhibit 96: Information sources
11.4 List of abbreviations
Exhibit 97: List of abbreviations
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