Le Lézard
Classified in: Science and technology
Subject: MRR

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.

Make informed business decisions based on Technavio's insights and analysis on future trends, drivers, and challenges. Request a Sample Report!

The disaster recovery-as-a-service (DRaaS) market covers the following areas:

Disaster Recovery-as-a-Service (DRaaS) Market Sizing
Disaster Recovery-as-a-Service (DRaaS) Market Forecast
Disaster Recovery-as-a-Service (DRaaS) Market Analysis

Driver and Challenge

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:

Get lifetime access to our Technavio Insights! Subscribe to our "Basic Plan" billed annually at USD 5000

Related Reports:

Digital Twin Market by End-user, Deployment, and Geography - Forecast and Analysis 2022-2026

Pure Play Software Testing Services Market by End-user and Geography - Forecast and Analysis 2022-2026

Disaster Recovery-as-a-Service (DRaaS) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 44.65%

Market growth 2021-2025

USD 40.97 billion

Market structure

Fragmented

YoY growth (%)

42.11

Regional analysis

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

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Deployment

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


These press releases may also interest you

at 17:15
enosix, Inc., the leading technology provider of real-time, prebuilt SAP process integration solutions, is thrilled to announce the opening of its EMEA Headquarters in Munich on April 25th. This strategic move reaffirms enosix's commitment to...

at 17:02
Haivision Systems Inc. ("Haivision" or the "Company") is pleased to announce the voting results from its annual meeting of shareholders held today in a virtual format....

at 17:00
Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings. SONIFI Health is a leading U.S. healthcare technology company based in Sioux...

at 17:00
LivePerson, Inc. , the enterprise leader in digital customer conversations, today announced the planned release of its first quarter financial results after the market close on Wednesday, May 8, 2024. CEO John Sabino and CFO & COO John Collins will...

at 17:00
Get ready to indulge in a one-of-a-kind treat - the Waffle Ice Cream Taco at Cold Stone Creamery® (www.ColdStoneCreamery.com).  Launching just in time for Taco Tuesday on April 30th and continuing through Cinco De Mayo on May 5th, this mouthwatering...

at 16:55
Paystand, the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay, an industry-leading spend management software. The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize...



News published on and distributed by: