[FURL=https://www.industryarc.com/Report/18634/disaster-recovery-as-a-service-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Global Disaster Recovery as a Service Market[/FURL] is forecast to reach $13.2 billion by 2026, growing at a CAGR of 14.5% during the forecast period from 2021 to 2026. Rising digitalization along with demands for highly efficient data protection tools are acting as major drivers towards significant growth of Managed DRaaS, Self Service DRaaS and Assisted DRaaS. Moreover, rising adoption across major industries to improve their productivity standards along with faster data recovery and flexibility is also propelling the demands towards disaster recovery as a service market. Technological advancements and demands towards cloud based services are also driving the demands for disaster recovery as a service market.Key Takeaways
Managed DRaaS is anticipated to have a significant market growth during the forecast period in disaster recovery as a service market due to its capabilities of providing guaranteed recovery of data with compliance of service level agreements.
Key market players such as Microsoft Corporation and Amazon Web Services have been helping towards significant growth of Disaster Recovery as a Service market in North America.
Increased data protection performance along with growing digitalization is some of the major driving factors towards significant growth of disaster recovery as a service market.
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Disaster Recovery as a Service Market Segment Analysis – By Geography
North America is expected to have a major growth in the global disaster recovery as a service market during the forecast period from 2021 to 2026 at 12.6% CAGR. Presence of some key players such as Amazon Web Services, Microsoft Corporation and IBM Corporation is acting as major drivers for the growth of disaster recovery as a service market. High investments towards research and development activities along with the growing adoption of advanced technologies such as cloud technology have been fuelling the growth for disaster recovery as a service market in this region. Moreover, rising adoption of disaster recovery as a service across small sized as well as large enterprises and growing demands towards data centers are also responsible for creating high market demands.
Disaster Recovery as a Service Market Drivers
High performance towards data protection
Growing digitalization
Disaster Recovery as a Service Market Landscape
The major key players in the disaster recovery as a service market include IBM Corporation, Rack space Inc., Tierpoint LLC, Amazon Web Services, Microsoft Corporation, Cisco Systems Inc., Zetta, Carbonite, Acronis International GmbH and Quorum.
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