Increasing Data Loss & Breaches propel Global Disaster Recovery as a Service Market Demands

1
Increasing Data Loss Breaches propel Global
Disaster Recovery as a Service Market Demands
As per Inkwood Research, the Global Disaster
Recovery as a Service Market is projected to rise
with a CAGR of 24.62 in terms of revenue over
the forecast period of 2022-2030. Browse 60
Market Data Tables and 49 Figures spread over 200
Pages, along with an in-depth TOC on the Global
Disaster Recovery as a Service Market Forecast
2022-2030.
VIEW TABLE OF CONTENT LINK - https//inkwoodresear
ch.com/reports/disaster-recovery-as-a-
service-draas-market/table-of-contents A
business can be affected by a disaster ranging
from data hacks to malicious ransomware attacks.
Disaster Recovery as a Service is a cloud
computing service model that enables
organizations to store and recover their data
efficiently in the event of a disaster.
REQUEST FREE SAMPLE LINK - https//inkwoodresearch
.com/reports/disaster-recovery-as-a-service-
draas-market/request-free-sample Rising Data
Loss Breaches drive Market Growth One of the
key growth drivers of the global Disaster
Recovery as a Service (DRaaS) market is data loss
by organizations. For instance, as per the Data
Breach Investigations Report, out of the 23,896
analyzed security incidents, 5,212 were confirmed
data breaches. In addition, 82 of breaches had a
2
human element, including misuses, errors and
social attacks. Also, the study observed a 13
increase in ransomware breaches more than in the
last 5 years combined. Further, the study
mentioned that 62 of incidents in the system
intrusion pattern had threat actors comprising
partners. Besides, data loss is an increasing
concern in such incidences where businesses can
incur losses in millions, face blame from their
stakeholders, lawsuits, etc. As a result, the
implementation of high-caliber DRaaS solutions is
a crucial aspect for businesses. Therefore, the
rising data breach and loss incidents propel the
DRaaS demands globally. Private Cloud is the
Fastest-Growing Deployment Type A private cloud,
also known as an internal cloud, is a set-up
offered by vendors exclusive to a single
customer, where it avails specially dedicated
software and hardware resources. Also, it
provides the user control over the data,
security, and quality of the service. In
addition, businesses opt for private cloud since
they deal with different data like intellectual
property other important data, confidential
documents, personal medical records, and
financial data. Also, a companys cloud provider
and IT department can set up and manage a private
cloud. A business can build, set up, and run the
necessary technology in its enterprise data
center to support a private cloud in the hosted
private approach. Furthermore, the private cloud
offers a high level of security and privacy to
data through internal hosting and firewalls.
Additionally, it ensures that sensitive and
operational data are not accessible to
third-party providers. Examples of private cloud
include Ubuntu, Elastra-private cloud, Microsoft,
and HP Data Centers. North America Largest
Revenue-Generating Region The continuous
evolution of cloud computing and the early
adoption of cloud-based networks drive market
growth in the region. In countries like Canada,
the growth is attributed to data recovery cloud
computing services and software service
solutions. Also, the North American market
prospects benefit from the presence of key
vendors. There is intense competition among the
leading players in the market with the continuous
development of new technologies. Some of the
prominent firms in the market include NTT Data
Corporation, Kyndryl Holdings Inc, Recovery Point
Systems Inc, Microsoft Corporation, etc. Request
for Customization https//inkwoodresearch.com/req
uest-for-custom-report/ About Inkwood
Research Inkwood Research specializes in
syndicated customized research reports and
consulting services. Market intelligence studies
with relevant fact-based research are customized
across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that
acknowledges the business environments. Our
geographical analysis comprises North South
America, CEE, CIS, Middle East, Europe, Asia, and
Africa. Contact Us https//www.inkwoodresearch.co
m sales_at_inkwoodresearch.com
1-[phone]
3
Related Reports GLOBAL CLOUD MIGRATION SERVICES
MARKET GLOBAL HYBRID CLOUD MARKET