DUBLIN–(BUSINESS WIRE)–The “Disaster Recovery as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global disaster recovery as a service market reached a value of US$ 5.2 Billion in 2021. Looking forward, the market to reach US$ 22.8 Billion by 2027, exhibiting a CAGR of 27.93% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

The emerging trend of digitization, along with the increasing adoption of cloud-based services across industries, is one of the key factors driving the growth of the market. There is widespread utilization of DRaaS solutions that eliminates the need for a secondary recovery site and offers faster data recovery with minimal complexities.

Furthermore, increasing awareness regarding cloud-based backup, along with recovery benefits among both small- and medium-sized organizations, is also providing a boost to the market growth. These organizations frequently use DRaaS to test and execute an effective disaster recovery plan.

Additionally, several technological advancements, such as the introduction of intelligent data replication, virtual machine inventory and automated testing, are also favoring the market growth. These advancements enable users to be aware of application changes and run automated tests in protected virtual environments.

Other factors, including the rising instances of cyber-attacks and extensive research and development (R&D) activities, are projected to drive the market further.

Key Questions Answered in This Report

What was the size of the global disaster recovery as a service market in 2021?

What is the expected growth rate of the global disaster recovery as a service market during 2022-2027?

What are the key factors driving the global disaster recovery as a service market?

What has been the impact of COVID-19 on the global disaster recovery as a service market?

What is the breakup of the global disaster recovery as a service market based on the service type?

What is the breakup of the global disaster recovery as a service market based on the service provider?

What is the breakup of the global disaster recovery as a service market based on deployment model?

What is the breakup of the global disaster recovery as a service market based on the end user?

What is the breakup of the global disaster recovery as a service market based on the vertical?

What are the key regions in the global disaster recovery as a service market?

Who are the key players/companies in the global disaster recovery as a service market?

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players

Amazon Web Services

Bluelock LLC

CW Business Ltd

Geminare Incorporated

IBM Corporation

iLand Internet Solutions Corporation

Infrascale Inc.

Microsoft Corporation

Recovery Point Systems Inc.

Sungard Availability Services LP

TierPoint LLC

Key Market Segmentation:

Breakup by Service Type:

Backup and Recovery Services

Real-time Replication Services

Data Protection Services

Professional Services

Training, Education, and Consulting Services

Support and Maintenance Services

Breakup by Service Provider:

Cloud Service Providers

Managed Service Providers

Telecom and Communication Service Providers

Others

Breakup by Deployment Model:

Public Cloud

Private Cloud

Hybrid Cloud

Breakup by End-User:

Large Enterprises

Small and Medium-sized Enterprises (SMEs)

Breakup by Vertical:

BFSI

IT

Government

Healthcare

Manufacturing

Others

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/lhbi1a