Disaster Recovery as a Service (DRaaS) Market 2021 | Global Industry Analysis by Future Scope, Revenue Growth Development, Leading Countries Analysis, Regional Analysis with Top Countries Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Disaster Recovery as a Service (DRaaS) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Disaster Recovery as a Service (DRaaS) Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Disaster Recovery as a Service (DRaaS) Market is estimated to reach $19 billion by 2024; growing at a CAGR of 34.7% from 2016 to 2024. DRaaS is the duplication of physical or virtual servers by a third-party to afford failover in the incidence of a data failure. DRaaS protects resources and data from disruption and offer entire system backup during system failure. either manually or naturally. In present, all the business sectors are heavily dependent on data. Therefore, deployment of DRaaS solutions has become the necessity for various industries. Various industries such as government, retail, media & entertainment, BFSI, IT & telecom, and education, among others pose an increasing demand for disaster recovery as a service solution. Drivers such as rise in preference for commoditized IT services, legislation of stringent disaster recovery regulations and surge in adoption of cloud based services are driving the driving the disaster recovery as a service market. However, high network bandwidth requirements and lack of compliance and security would act as a restraint for the DRaaS market. Increasing awareness about virtualization technologies would provide growth opportunities for the market in the coming years.

Service type, application, service providers, cloud type, deployment model and company size are the major segments of the global disaster recovery as a service market. Service type segment includes data security, backup, real time protection, and professional services. The DRaaS market is bifurcated by application into IT & telecom, government, education, manufacturing & logistics, media & entertainment, BFSI, retail and e-commerce, and others. Cloud service provider (CSP), managed service provider (MSP) and telecom & communication service provider are the key sub-segments of service providers segment. The market is segmented by cloud type into public cloud, private cloud, and hybrid cloud. The deployment model segment is further categorized into to cloud DRaaS, from cloud DRaaS and in cloud DRaaS. The market is bifurcated into small companies, mid-sized companies, and large companies.

Geographically, the global DRaaS market has been categorized into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, Italy, France, Germany, and others. Asia-Pacific covers China, India, Japan, and others. RoW covers South America, Middle East and Africa.

Major companies operating in the global disaster recovery as a service market are Cisco Systems, Inc., Symantec Corporation, VMWare, Inc., NTT Communications Corporation, and TierPoint, LLC, HP Enterprises Company, IBM Corp., Amazon Web Services, SunGard Availability Services, and Microsoft Corporation among others.

The key takeaways from the report:
The report will provide detailed analysis of Disaster Recovery as a Service Market with respect to major segments such as service type, application, service providers, cloud type, deployment model, and company size
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Disaster Recovery as a Service Market from 2015 to 2024 has been included in the report.

Profile of the key players in the Disaster Recovery as a Service Market, will be provided, which include key financials, product & services, new developments and business strategies.

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Scope of Disaster Recovery as a Service Market
Service Type Segments
Professional Services
Data Security
Real Time Protection
Backup
Application Segments
Government
IT & Telecom
Media & Entertainment
Education
Retail and E-Commerce
Manufacturing & Logistics
BFSI
Others
Service Providers Segments
Telecom & Communication Service Provider
Cloud Service Provider (CSP)
Managed Service Provider (MSP)
Cloud Type Segments
Public Cloud
Private Cloud
Hybrid Cloud

Deployment Model Segments
In cloud DRaaS
To cloud DRaaS
From cloud DRaaS
Company Size Segments
Small Companies
Mid-Sized Companies
Large Companies

Geographical Segments
North America
US
Canada
Mexico
Europe
UK
Italy
France
Germany
Others

Asia-Pacific
China
India
Japan
Others
RoW
South America
Middle East
Africa

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