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“According to SNS Insider, The Disaster Recovery as a Service (DRaaS) Market size was valued at USD 10.3 billion in 2023 and is expected to grow to USD 47.9 billion by 2031 and grow at a CAGR of 21.2 % over the forecast period of 2024-2031. ”
Market Scope & Overview
Businesses can boost their sales, marketing, and advertising plans with the help of the report's in-depth market analysis, consumer dynamics study, and supply chain trends. The study report also clarifies the dynamics and constraints of the Disaster Recovery as a Service (DRaaS) market, which helps firms make informed forecasts about whether or not production of a particular product will increase or decrease. The company's difficulties, market structures, prospects, driving forces, and competitive environment are also highlighted in the market analysis.
The research report helps to have a thorough understanding of how industrial trends evolve in order to surpass competition. In-depth research-based forecasts are provided in the Disaster Recovery as a Service (DRaaS) market report, along with an evaluation of the market's development based on earlier studies. The report covers a wide range of market-related issues, such as market definition, market segmentation, competitive analysis, and research methodology.
Market Segmentation Analysis
The market evaluation offers a comprehensive study and overview of the significant industrial consequences. Making wise judgments helps with improved business planning and higher profitability. According to the Disaster Recovery as a Service (DRaaS) research report, the market is divided into segments based on product type, application, end-user, and geography. These categories are carefully examined while taking into account market predictions and estimates at the regional and national levels.
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-By Deployment Mode
Public
Private
-By Service Type
Real-time Replication
Backup & Restore
Data Protection
Professional Services
-By Organization Size
Large Enterprises
Small & Medium-Sized Enterprises
-By Vertical
Banking, Financial Services & Insurance
Telecommunications
IT &ITeS
Government & Public Sector
Retail & Consumer Goods
Manufacturing
Energy & Utilities
Media & Entertainment
Healthcare & Life Sciences
Other Verticals
COVID-19 Impact Analysis
The worldwide economy is being impacted by the coronavirus outbreak. The most recent COVID-19 scenario analysis is also included in this Disaster Recovery as a Service (DRaaS) market research study. The Analysis also aids the decision-making of private equity or venture capitalists by helping them comprehend organizations better.
Key Players:
The major players are Honeywell International Inc., Otava LLC., Cohesity, Inc, Amazon Web Services, Inc, IBM Corporation, VMware, Inc, RackWare LLC, Commvault Systems, Inc, Infrascale Inc., Veeam, STRATACORE, Rubrik, Inc., Stellar Information Technology Pvt. Ltd., Commvault Systems, Inc, Wipro Limited, Rockwell Collins, Lockheed Martin Corporation, Motorola Solutions, and Siemens AG, FirstLight, and others in the final report.
Regional Outlook
The research will provide revenue data by company, product type, application, and region for the entire market as well as sub-segments of various segments. Additionally, it will benefit existing businesses, newcomers, and businesses linked to the industry supply chain in the Disaster Recovery as a Service (DRaaS) market. The five geographical segments of the market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Key Driver
A key driver for the Disaster Recovery as a Service (DRaaS) market is the escalating need for robust business continuity solutions in the face of increasing cyberattacks, natural disasters, and other disruptions. Organizations are prioritizing the protection of critical data and IT infrastructure to minimize downtime and financial losses. The scalability and cost-effectiveness of cloud-based DRaaS solutions make them attractive, particularly for small and medium-sized enterprises (SMEs). Additionally, advancements in cloud technologies, the rise of hybrid IT environments, and stringent regulatory requirements for data protection further propel the adoption of DRaaS, ensuring resilient and rapid recovery capabilities.
Competitive Analysis
The Disaster Recovery as a Service (DRaaS) market research examined key growth strategies employed by these players to hold onto their positions, including cutting-edge trends and developments, product line expansion, mergers and acquisitions, collaboration, innovation in new goods, and geographic expansion.
Key Reasons to Purchase Disaster Recovery as a Service (DRaaS) Market Research Report
· The research report contains crucial information on the key rivals and their anticipated future growth in addition to an in-depth examination of the worldwide competitive landscape.
· Key development status, growth rates, assessments of the competitive environment, and information on worldwide marketing are all included in market research.
Conclusion
The Disaster Recovery as a Service (DRaaS) market research report will be a priceless tool for market participants and other stakeholders looking for a thorough understanding of current market trends as well as precise estimates.
Akash Anand – Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
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