WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 22, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "Disaster Recovery-as-a-Service Market Size, Share, Competitive Landscape and Trend Analysis Report, by Operating Model, by Service Type, by Deployment Mode, by Organization Size, by End-use Industry : Global Opportunity Analysis and Industry Forecast, 2021-2031."
๐๐ข๐ฌ๐๐ฌ๐ญ๐๐ซ ๐๐๐๐จ๐ฏ๐๐ซ๐ฒ-๐๐ฌ-๐-๐๐๐ซ๐ฏ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ, ๐๐๐๐ :
The global disaster recovery-as-a-service market was valued at $6.5 billion in 2021, and is projected to reach $60.4 billion by 2031, growing at a CAGR of 23.9% from 2022 to 2031.
The disaster recovery-as-a-service industry is growing at a rapid pace as it is an important aspect that facilitates business continuity. Disaster Recovery-as-a-Service helps the organization in case of natural or man-made disasters including hurricanes, earthquakes, wildfires, power outages, and cyberattacks. Disaster Recovery-as-a-Service is a cloud computing service model that enables a company to back up its data and IT infrastructure on a third-party cloud computing system. The disaster recovery (DR) data is obtained via a software-as-a-service (SaaS) model that offers access to IT infrastructure in case of disaster. According to the Disaster Recovery-as-a-Service model, the company can rely on the service provider due to which they do not need to manage their resources on their own. Disaster Recovery-as-a-Service market demand is growing rapidly owing to its ability to mitigate downtime, provide quick recovery to business operations in case of disaster, and prevent any ransomware attacks.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A08313
However, some limitations currently faced by the disaster recovery-as-a-service industry include bandwidth challenges associated with continuous data replication. Also, vendors need to meet the defined recovery time objective (RTO) and recovery point objective (RPO) in case of disaster recovery. It is necessary for the vendors to rely on disaster recovery service providers in case of any failovers. Additionally, since sensitive and important data is managed, replaced, and retrieved during the DRaaS process, understanding cyber risks and security, risk assessment, and other aspects are essential. These factors are anticipated to restrain the disaster recovery-as-a-service market growth in the coming years.
The growing importance of the disaster recovery-as-a-service market due to its ability to ensure continuity in business operations is estimated to boost the market's expansion during the disaster recovery-as-a-service market forecast period. For instance, both small and medium & large-sized enterprises need server virtualization and cloud computing solutions to reduce scheduled outages because they may move applications into temporary storage locations for recovery testing, firmware upgrades, and system maintenance. Additionally, a number of cloud computing services, including backup-as-a-service, storage-as-a-service, software-as-a-service, replication services, and others, are growing in popularity to minimize device failures. Disaster Recovery-as-a-Service simplifies core business operations such as IT management, facilitates faster recovery after a disaster, and ensures that the data centers are secure. These factors are anticipated to propel the disaster recovery-as-a-Service market share in the coming years.
The global disaster recovery-as-a-service market analysis is segmented based on operating model, service type, deployment mode, organization size, end-use industry, and region. By operating model, the market is classified into managed DRaaS, assisted DRaaS, and self-service DRaaS. By service type, the market is segmented into real-time replication, backup & restore, data protection, and others. By deployment mode, the market is divided into public cloud and private cloud. By organization size, the market is divided into large enterprise and small & medium-sized enterprises. By end-use industry, the market is analyzed across banking, financial services, and insurance (BFSI), IT & telecommunication, government & public sector, healthcare, retail & consumer goods, media & entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/disaster-recovery-as-a-service-market/purchase-options
The key players profiled in the disaster recovery-as-a-service market report include๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ฑ๐๐ข๐๐ง๐ญ, ๐๐ฎ๐ง๐ ๐ฎ๐๐ซ๐, ๐๐ฆ๐๐ณ๐จ๐ง ๐๐๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ, ๐๐ง๐., ๐๐๐๐ฅ๐ & ๐๐ข๐ซ๐๐ฅ๐๐ฌ๐ฌ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ข๐ฆ๐ข๐ญ๐๐., ๐๐ข๐๐ซ๐๐จ๐ข๐ง๐ญ, ๐๐๐., ๐๐ข๐๐ซ๐จ๐ฌ๐จ๐๐ญ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ฐ๐๐ซ๐ ๐๐ง๐., ๐๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ง๐ ๐๐๐๐ค๐ฌ๐ฉ๐๐๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ.
The report offers a comprehensive analysis of the global disaster recovery-as-a-service market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter's five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐จ๐ฏ๐ข๐-๐๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ฌ๐๐ฌ๐ญ๐๐ซ ๐๐๐๐จ๐ฏ๐๐ซ๐ฒ-๐๐ฌ-๐-๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ :
COVID-19 has positively impacted the disaster recovery-as-a-service market demand. As disaster recovery-as-a-service (DRaaS) is widely used in natural disasters, cyberattacks, or even business disruptions related to the COVID-19 pandemic, there has been a significant increase in demand for disaster recovery-as-a-service (DRaaS) globally.
The lockdown situation is driving the adoption of cloud computing and cloud-based recovery-as-a-service solutions due to the work-from-home or hybrid working model imposed by several organizations.
Various organizations have implemented remote work strategies for employees due to travel restrictions which have boosted the demand for cloud-based DRaaS solutions globally.
The factors such as greater flexibility and cost-effectiveness offered by the DRaaS have boosted the disaster recovery-as-a-service market size during the COVID-19 pandemic.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A08313
๐๐๐ฒ ๐
๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
Based on operating model, the managed DRaaS sub-segment emerged as the global leader in 2021 and it is also anticipated to be the fastest-growing sub-segment during the forecast period.
Based on service type, the real-time replication sub-segment emerged as the global leader in 2021, and the backup & restore sub-segment is predicted to show the fastest growth in the upcoming years.
Based on deployment mode, the public cloud sub-segment emerged as the global leader in 2021, and the private cloud sub-segment is predicted to show the fastest growth in the upcoming years.
Based on organization size, the large enterprise sub-segment emerged as the global leader in 2021, and small & medium-sized enterprises sub-segment is predicted to show the fastest growth in the upcoming years.
Based on end-use industry, the banking, financial services, and insurance (BFSI) sub-segment emerged as the global leader in 2021 and is also predicted to show the fastest growth in the upcoming years.
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Allied Market Research
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