Disaster Recovery as a Service - G7

Revenue in the Disaster Recovery as a Service is projected to reach US$6.93bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.70%, resulting in a market volume of US$15.65bn 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 in G7 nations is witnessing elevated growth, fueled by increasing reliance on cloud solutions, heightened data security concerns, and the need for business continuity in an unpredictable environment.

Customer preferences: Consumers are increasingly prioritizing robust data protection and recovery solutions, reflecting a growing awareness of the risks associated with data loss. This trend is particularly prominent among businesses in sectors such as finance and healthcare, where regulatory compliance and data integrity are critical. Additionally, the rise of remote work is driving demand for flexible, scalable DRaaS solutions that ensure business continuity in dynamic environments. As organizations embrace digital transformation, they seek comprehensive cloud-based recovery options that align with their operational resilience strategies.

Trends in the market: In North America, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing a surge in demand as businesses increasingly recognize the necessity of robust data protection strategies. In Europe, organizations are prioritizing compliance with stringent data regulations, driving the adoption of DRaaS solutions that ensure data integrity and security. Meanwhile, in Asia-Pacific, the rise of hybrid work environments is prompting companies to seek scalable recovery options that support operational resilience. These trends highlight the critical need for industry stakeholders to innovate and adapt their offerings to meet evolving customer expectations and regulatory requirements.

Local special circumstances: In Canada, the Disaster Recovery as a Service (DRaaS) market is gaining traction due to the government's emphasis on enhancing cybersecurity measures across various sectors. The unique geographical challenges, such as harsh weather conditions, necessitate reliable data recovery solutions to mitigate business disruptions. In Germany, stringent data protection laws and a focus on GDPR compliance are propelling organizations to adopt DRaaS, ensuring data sovereignty and security. In Australia, the increasing frequency of natural disasters drives businesses to seek resilient recovery options, fostering a competitive DRaaS landscape.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is significantly influenced by macroeconomic factors such as national economic stability, regulatory frameworks, and technological advancements. In Canada, strong government investment in cybersecurity initiatives is fostering a favorable environment for DRaaS adoption. Germany's robust economy and commitment to data protection laws, particularly GDPR, compel organizations to prioritize data recovery solutions, enhancing market growth. Meanwhile, Australia's vulnerability to natural disasters, coupled with economic resilience strategies, drives demand for reliable DRaaS options, creating a competitive landscape that reflects both local and global economic trends.

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.