Impact Analysis of Covid-19
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The global disaster recovery as a service market was valued at USD 1.70 billion in 2016 and is projected to reach 38.91 billion by 2025, growing at a CAGR of 41.6% from 2017 to 2025.
Disaster Recovery as a Service is a category of cloud computing used for protecting an application or data from a natural, human disaster or service disruption. Disaster Recovery as a Service provides service including protection of data and providing standby computing capacity on demand to provide more rapid application recovery, reduction in time to return applications to production.
1. Market Drivers
1.1 Greater Flexibility and Automation Capabilities
1.2 Cost-Effective and Fast Recovery of Data
1.3 Increasing Focus on Automated Change Management
2. Market Restraints
2.1 Compatibility Concerns for Traditional and On-Premises Applications in the Cloud Environment
The global disaster recovery as a service market is segmented on the basis of service type, deployment model, service provider, verticals, organization size, and region.
1. By Service Type:
1.2 Backup and Recovery
1.3 Data Protection
1.4 Real-Time Replication
1.5 Professional Services
1.5.1 Training, Education, and Consulting
1.5.2 Support and Maintenance
2. By Deployment Model:
2.1 Private Cloud
2.2 Public Cloud
2.3 Hybrid Cloud
3. By Service Provider:
3.1 Managed Service Providers
3.2 Cloud Service Providers
3.3 Telecom and Communication Service Providers
4. By Vertical:
4.1 Telecommunication and IT
4.2 Media & Entertainment
4.3 Government Organization
4.5 Banking & Financial Institutions
4.6 Customer Goods and Retail
4.8 Transportation & Logistics
5. By Organization Size:
5.1 Large Companies
5.2 Small and Mid-sized Businesses
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Rest of the World
The major players in the market are as follows:
5. Recovery Point
7. Cable and Wireless Communication
11. NTT Communications
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the disaster recovery as a service market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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