Precision Business Insights has published a report on the global disaster recovery as a service market, estimating its value at USD 11,061 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 19.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/disaster-recovery-as-a-service-market

The disaster recovery as a service (draas) market refers to the industry centered around providing cloud-based solutions for disaster recovery. DRaaS enables organizations to back up their data and IT infrastructure to a third-party cloud environment. In the event of a disaster, such as a cyberattack or natural calamity, these services ensure rapid recovery and continuity of operations by replicating and hosting physical or virtual servers.

Drivers:

1)Increasing Frequency of Cyberattacks: The rise in ransomware attacks and data breaches has heightened the need for robust disaster recovery solutions, making DRaaS a critical tool for businesses

2) Advancements in Cloud Technology: Innovations in cloud computing have made DRaaS solutions more scalable, accessible, and efficient

The global disaster recovery as a service market segmentation:

1) By Service Type: Recovery & Backup Services, Data Protection Services, Real-time Replication Services, Professional Services, Managed Services

2) By Service Provider: Cloud Service Providers, Telecommunication Service Providers, Managed Service

3) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud

4) By Organization Size: Small and Medium-sized Enterprises (SMEs), Large Enterprises

5) By Verticals: BFSI, Telecommunications, IT and Ites Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the disaster recovery as a service market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the disaster recovery as a service market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like amazon web services, inc. (aws), Dell Technologies inc, ibm corporation, microsoft corporation, ntt communications corporation, sungard availability services, hp enterprises company, vmware, inc.

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