Disaster Recovery as a Service Market Growth, Demand and Challenges of the Key Industry Players 2024-2032

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Global Disaster Recovery as a Service Market
Research and Forecast Report 2024-2032

• Format PDFEXCEL

2023 IMARC All Rights Reserved
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About IMARC Group

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Report Highlight and Description

• According to the latest report by IMARC Group,
  titled "Disaster Recovery as a Service Market
  Global Industry Trends, Share, Size, Growth,
  Opportunity and Forecast 2024-2032," the global
  disaster recovery as a service market size
  reached US 8.5 Billion in 2023.
• Factors Affecting the Growth of the Disaster
  Recovery as a Service Industry
• Increasing Adoption of Cloud-Based Solutions
• The rise in cloud-based solutions is a
  significant factor driving the Disaster Recovery
  as a Service (DRaaS) market. As organizations
  increasingly migrate their infrastructure,
  applications, and data to the cloud, they seek
  robust disaster recovery (DR) solutions that
  align with their cloud strategy. Cloud-based
  DRaaS offers scalability, flexibility, and
  cost-efficiency compared to traditional
  on-premises DR solutions. Companies can avoid the
  high capital expenditure associated with setting
  up and maintaining a secondary DR site by
  leveraging the infrastructure of the cloud
  provider. Furthermore, the pay-as-you-go model of
  DRaaS allows businesses to only pay for the
  resources they use, optimizing cost management.
  The seamless integration with cloud environments
  ensures that data and applications can be quickly
  restored in the event of a disaster, minimizing
  downtime and ensuring business continuity. This
  compatibility and cost-effectiveness make DRaaS
  an attractive option for organizations of all
  sizes, particularly small and medium-sized
  enterprises (SMEs) that might lack the resources
  for extensive on-premises DR setups.

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Report Highlight and Description

• Growing Threat of Cyber Attacks
• The escalating threat landscape, with increasing
  frequency and sophistication of cyberattacks, is
  another crucial factor driving the DRaaS market.
  Ransomware, phishing, and other malicious
  activities pose significant risks to business
  continuity, data integrity, and security.
  Organizations recognize the importance of having
  a robust disaster recovery plan to quickly
  restore operations and minimize the impact of
  such attacks. DRaaS provides a comprehensive
  solution that ensures critical data and
  applications are backed up and can be rapidly
  recovered in the aftermath of a cyber incident.
  The ability to execute regular backups, maintain
  offsite copies of data, and quickly switch to a
  failover environment are essential components of
  DRaaS that help mitigate the effects of
  cyberattacks. Additionally, DRaaS solutions often
  include advanced security features such as
  encryption, access controls, and continuous
  monitoring, further enhancing the resilience of
  an organization against cyber threats. As cyber
  threats continue to evolve, the need for reliable
  and efficient DRaaS solutions becomes
  increasingly imperative.
• Regulatory Compliance and Data Protection
  Requirements
• Regulatory compliance and data protection
  requirements are significant drivers for the
  DRaaS market. Many industries, such as
  healthcare, finance, and government, are subject
  to stringent regulations regarding data
  protection, privacy, and business continuity.
  Compliance with standards such as GDPR, HIPAA,
  and PCI DSS necessitates robust disaster recovery
  solutions to ensure data integrity, availability,
  and confidentiality in the event of a disaster.

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Report Highlight and Description

• DRaaS provides a framework for organizations to
  meet these regulatory requirements by offering
  automated and verifiable backup and recovery
  processes, regular testing, and audit trails. The
  ability to demonstrate compliance through
  documented recovery plans and successful test
  results is crucial for avoiding penalties and
  maintaining consumer trust. Furthermore, DRaaS
  solutions are often designed to meet
  industry-specific compliance requirements,
  providing tailored features and functionalities
  that align with regulatory standards. As
  regulatory landscapes become more complex and
  stringent, the adoption of DRaaS ensures that
  organizations can effectively manage compliance
  risks while safeguarding their critical data and
  applications.
• Request for a PDF sample of this report
  https//www.imarcgroup.com/disaster-recovery-as-se
  rvice-market/requestsample

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Report Description

• Global Disaster Recovery as a Service Market
  Trends
• The economic benefits and cost efficiency of
  DRaaS are compelling factors driving its
  adoption. Traditional disaster recovery solutions
  often require significant upfront investment in
  hardware, software, and dedicated disaster
  recovery sites. In contrast, DRaaS operates on a
  subscription-based model, reducing the need for
  large capital expenditures.
• This pay-as-you-go approach allows organizations
  to scale their disaster recovery capabilities
  according to their specific needs and budget
  constraints. Additionally, DRaaS providers handle
  the maintenance and management of the recovery
  infrastructure, further reducing operational
  costs for businesses. The financial advantages of
  DRaaS make it an attractive option for companies
  looking to implement effective disaster recovery
  measures without substantial financial burden.
• Looking forward, the market to reach US 70.8
  Billion by 2032, exhibiting a growth rate (CAGR)
  of 26.57 during 2024-2032.
• View Report TOC, Figures and Tables
  https//www.imarcgroup.com/disaster-recovery-as-se
  rvice-market

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Report 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

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Report Segmentation

• 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

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Report Segmentation

• Healthcare
• Manufacturing
• Others
• Breakup by Region
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Competitive Landscape with Key Players

• Amazon Web Services
• Bluelock LLC
• C and W Business Ltd
• Geminare Incorporated
• IBM Corporation
• iLand Internet Solutions Corporation
• Infrascale Inc.
• Microsoft Corporation
• Recovery Point Systems Inc.
• Sungard Availability Services LP
• TierPoint LLC

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Key Questions Answered in the Report
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Key Questions Answered in the Report
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Table of Contents

• 1    Preface2    Scope and Methodology    2.1  
   Objectives of the Study    2.2  
   Stakeholders    2.3    Data Sources       
  2.3.1    Primary Sources        2.3.2  
   Secondary Sources    2.4    Market Estimation 
        2.4.1    Bottom-Up Approach        2.4.2  
   Top-Down Approach    2.5    Forecasting
  Methodology3    Executive Summary4  
   Introduction    4.1    Overview    4.2    Key
  Industry Trends5    Global Disaster Recovery as
  a Service Market    5.1    Market Overview   
  5.2    Market Performance    5.3    Impact of
  COVID-19  5.4    Market Forecast
• 6     Market Breakup by Service Type
• 6.1 Backup and Recovery Services
• 6.1.1 Market Trends
• 6.1.2 Market Forecast
• 6.2 Real-time Replication Services
• 6.2.1 Market Trends
• 6.2.2 Market Forecast
• 6.3 Data Protection Services
• 6.3.1 Market Trends
• 6.3.2 Market Forecast       

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Table of Contents

• 6.4 Professional Services
• 6.4.1 Market Trends
• 6.4.2 Major Types
• 6.4.2.1 Training, Education, and
  Consulting Services
• 6.4.2.2 Support and Maintenance
  Services
• 6.4.3 Market Forecast
• 7 Market Breakup by Service Provider
• 7.1 Cloud Service Providers
• 7.1.1 Market Trends
• 7.1.2 Market Forecast
• 7.2 Managed Service Providers
• 7.2.1 Market Trends
• 7.2.2 Market Forecast
• 7.3 Telecom and Communication Service
  Providers
• 7.3.1 Market Trends
• 7.3.2 Market Forecast
• 7.4 Others
• 7.4.1 Market Trends
• 7.4.2 Market Forecast

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Partial List of Clients
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Partial List of Clients
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Disclaimer

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