Disaster Recovery as a Service - Worldwide

Revenue in the Disaster Recovery as a Service is projected to reach US$15.52bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.78%, resulting in a market volume of US$36.69bn by 2029.
The average spend per employee in the Disaster Recovery as a Service is projected to reach US$4.36 in 2024.
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 is witnessing elevated growth globally, fueled by the increasing need for business continuity, escalating cyber threats, and the rising adoption of cloud-based solutions for efficient disaster management.

Customer preferences: Organizations are increasingly prioritizing robust disaster recovery solutions as they navigate a dynamic digital landscape, resulting in heightened demand for Disaster Recovery as a Service (DRaaS) within the Public Cloud market. This trend is influenced by a growing emphasis on data security and regulatory compliance, particularly among businesses in sectors like finance and healthcare. Additionally, the shift toward remote work has driven an urgent need for scalable and efficient recovery solutions, reflecting evolving corporate strategies that value resilience and agility in the face of unforeseen disruptions.

Trends in the market: In North America, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is experiencing significant growth as organizations adopt cloud-based solutions to enhance business continuity plans. In Asia-Pacific, firms are increasingly leveraging DRaaS to support their digital transformation efforts, aligning with regional regulatory frameworks that mandate data protection. In Europe, the focus is shifting towards integrating AI-driven recovery solutions that optimize response times and resource allocation, highlighting the evolving needs for efficiency and resilience in disaster management strategies.

Local special circumstances: In Brazil, the Disaster Recovery as a Service (DRaaS) market is expanding as organizations face challenges from natural disasters like floods and landslides, necessitating robust recovery solutions. Local regulations emphasizing data sovereignty and protection are pushing companies to adopt cloud-based DRaaS to ensure compliance. In contrast, in Japan, the market is influenced by a culture of preparedness, leading to high investment in advanced recovery technologies that integrate seamlessly with existing infrastructure, reflecting the nation’s resilience strategy against seismic events.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market is influenced by several macroeconomic factors, including global economic trends, national economic stability, and fiscal policies. A robust economy encourages organizations to invest in advanced recovery solutions, while regions facing economic downturns may prioritize cost-cutting over technological upgrades. Additionally, increasing awareness of data protection and compliance with local regulations drives demand for DRaaS, particularly in countries with stringent data sovereignty laws. Furthermore, global supply chain disruptions and climate change impact the urgency for resilient recovery strategies, shaping investment priorities across diverse markets.

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.