Disaster Recovery-as-a-Service Market Statistics:

The global disaster recovery-as-a-servicemarket is experiencing a considerable growth, and is expected to grow exponentially in next few years as the data safety is a core business concern these days. Disaster recovery-as-a-service (DRaaS) help to safely protect organizations from IT outages and help them build a resilient IT system to sustain network and servers usage during recovery processes. It is a third-party service, which uses on-premise and cloud resources to back up essential data& applications. DRaaSimitates production infrastructure and all its processes on a recovery or secondary infrastructure to enable a transition to a backup environment seamlessly. With reduction in risk of human errors, it saves money, time, and resources when it comes to disaster recovery while managing the fail-over.

Disaster Recovery-as-a-ServiceMarket Scope and Structure Analysis:

Impact of COVID-19 Pandemic Disaster Recovery-as-a-Service Market:

• As an aftermath of the COVID-19, significant rise in business plans for strengthened business continuity and disaster recovery have been observed.
• Organizations are implementing remote work strategies for employees due to travel restrictions.
• However, the pandemic has positively impacted the disaster recovery-as-a-service market. The lockdown situation is driving adoption of cloud computing and cloud-based recovery as-a-service solutions.
• The factors such as greater flexibility and cost effectiveness provided by DRaaS solutions to organizationsenable growth in adoption of these solutions. However, data breach is anticipated to be the major challenge for the market to sustain in the pandemic situation.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Disaster recovery-as-a-service (DRaaS) allows imitation of application and data to ensure business continuity in the occurrence of a disaster. The benefits such as faster recovery and cost effectiveness drive demand for DRaaS solutions. In addition, rapid growing rate of implementation of these recovery services in small & large enterprises (SMEs) propels the disaster recovery-as-a-service market. However, specific application compatibility issues in the cloud environment as well as dependency complexity of deployment and lack of monitoring hinders the market growth. On the other hand, increase in adoption of hybrid disaster recovery services offering lucrative opportunities for the market.

The global disaster recovery as-a-servicemarket trends are as follows:

Cloudcomputing to flourish the market

Cloud computing is progressively gaining momentum as a disaster recovery option. IT teams are facing pressure to accelerate, automate, and improve their disaster recovery capabilities in general. Cloud computing is playing a vital role in disaster recovery processesas it enable business to continue operations when disaster strikes.

Cloud offers flexible storage payment and space plans and is located off-site, which ensures enhanced security from natural disasters. Business can access its essential data from anywhere with the help of a cloud, enabling employees to work remotely following a natural calamity or disaster as well.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global disaster recovery as-a-serviceindustry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global disaster recovery as-a-servicemarket share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global disaster recovery as-a-servicemarket growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global disaster recovery-as-a-servicemarket analysis based on competitive intensity and how the competition will take shape in coming years.