Disaster Recovery as a Service - CIS

Revenue in the Disaster Recovery as a Service is projected to reach US$379.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.36%, resulting in a market volume of US$810.30m by 2029.
In global comparison, most revenue will be generated United States (US$4.10bn in 2024).

Definition:

Disaster Recovery as a Service (DRaaS) refers to the provisioning of third-party cloud computing and backup services that enable the replication and hosting of physical or virtual servers to ensure data availability and organizational operation continuity in the event of a disaster. DRaaS minimizes downtime and data loss by providing organizations with the ability to perform a full recovery of their IT infrastructure in a secondary, cloud-based environment.

Additional Information:

The Disaster Recovery as a Service (DRaaS) market comprises revenue, revenue change, and average spend per employee as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the DRaaS market include companies such as Microsoft Azure, IBM, and Recovery Point Systems.

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Cloud-based disaster recovery solutions such as Amazon Web Services (AWS) Disaster Recovery, Microsoft Azure Site Recovery, and Google Cloud Disaster Recovery
Real-time Replication and Continuous Data Protection (CDP) such as Zerto Virtual Replication, Veeam Backup & Replication, and Commvault Continuous Data Replication
Disaster recovery orchestration tools, such as IBM Resiliency Orchestration, VMware Site Recovery Manager, and Rubrik Polaris

Traditional on-premises disaster recovery solutions, such as Symantec Backup Exec, and Veritas NetBackup Appliance
Standalone Business Continuity Planning (BCP) tools not integrated with DRaaS, such as Fusion Framework System, ClearView, and BC in the Cloud

The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in CIS is experiencing elevated growth, fueled by increasing cyber threats, rising data protection regulations, and the demand for business continuity solutions among enterprises.

Customer preferences: Organizations are increasingly prioritizing robust disaster recovery solutions to safeguard their operations against potential disruptions. This trend is driven by a growing awareness of the importance of data resilience in the face of rising cyber threats and regulatory pressures. Additionally, businesses are leaning toward flexible, scalable DRaaS offerings that align with their digital transformation initiatives. The shift towards remote work and cloud-based operations is also prompting enterprises to seek comprehensive recovery strategies that ensure business continuity and protect critical data assets.

Trends in the market: In North America, the Disaster Recovery as a Service (DRaaS) market is experiencing a surge as organizations increasingly adopt cloud-based solutions to enhance data resilience and ensure business continuity. In Asia-Pacific, companies are investing in scalable DRaaS offerings to meet regulatory compliance and mitigate risks associated with cyber threats. In Europe, the focus is shifting towards integrated disaster recovery solutions that align with digital transformation efforts, enabling businesses to maintain operational efficiency while protecting critical data assets.

Local special circumstances: In Canada, the Disaster Recovery as a Service (DRaaS) market is thriving due to stringent data sovereignty regulations that require organizations to store and manage data within national borders. This has led to a heightened demand for localized DRaaS solutions that comply with these laws while ensuring data integrity. In Australia, the increasing frequency of natural disasters is prompting businesses to prioritize robust disaster recovery plans, driving investment in scalable cloud solutions that enhance resilience and operational continuity.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is significantly influenced by macroeconomic factors including technological advancements, regulatory frameworks, and national economic stability. Countries with strong fiscal policies that encourage cloud adoption and robust IT infrastructure are witnessing accelerated growth in DRaaS solutions. Additionally, the rising awareness of cybersecurity threats and the need for business continuity are prompting organizations to invest in scalable disaster recovery strategies. Global economic trends, such as increased reliance on remote work and digital transformation, further amplify the demand for reliable DRaaS offerings, ensuring operational resilience in an ever-evolving landscape.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.