Disaster Recovery As A Service (DRaaS) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Operating Model (Managed DRaaS, Assisted DRaaS, Self-service DRaaS), By Service Type (Real-time Replication, Backup & Restore, Data Protection, Others), By Organization Size (Large, SMEs), By Deployment Mode (Public Cloud, Private Cloud), By End User (BFSI, Telecommunication, Energy And Utilities, Media And Entertainment, Healthcare, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Nov 2023
  • Report Code : KSI061611398
  • Pages : 114

The disaster recovery as a service (DRaaS) market is projected to show steady growth during the forecast period.

Disaster Recovery as a Service (DRaaS) is a cloud-based service model that enables businesses to back up data and applications offsite for fast recovery in the event of a disaster. This comprehensive approach to disaster recovery involves replication and hosting of physical or virtual servers by a third-party service provider, thus ensuring the safety and accessibility of critical data. Within the realm of DRaaS, there exist three primary models: managed, assisted, and self-service. In the managed model, third parties assume full responsibility for all aspects of disaster recovery, providing a hands-off solution for businesses. The assisted model offers a middle ground, with the service provider offering support and expertise to streamline the recovery process, while the customer retains certain responsibilities. Conversely, the self-service model puts the onus on the customer to design, test, and manage the disaster recovery plan, with the vendor providing essential software tools and hosting infrastructure at remote locations. DRaaS represents a viable option for companies constrained by budgetary limitations, unable to undertake the costly endeavor of synchronous replication for comprehensive disaster recovery. It serves as a cost-effective alternative, delivering a majority of the features typically enjoyed by large enterprises with significant budgets, but at a considerably reduced cost and with accelerated implementation time. Moreover, the flexibility and scalability of DRaaS ensure that businesses can easily upgrade their services in accordance with their evolving needs, making it an adaptable solution for a wide range of organizations.

Introduction:

Disaster Recovery as a Service (DRaaS) is a cloud-based service model designed to offer businesses an off-site disaster recovery capability, thereby enabling customers to steer clear of the substantial costs associated with maintaining secondary data centers. DRaaS serves as a cost-effective alternative for companies unable to afford synchronous replication of applications and data, thereby supporting a comprehensive zero-data-loss disaster recovery plan. This cloud computing service, provided by third-party vendors, ensures failover in the face of natural catastrophes, power outages, or any other form of business disruption. By allowing organizations to back up their data and IT infrastructure in a third-party cloud computing environment, DRaaS provides comprehensive disaster recovery orchestration through a SaaS solution, facilitating the restoration of access and functionality to IT infrastructure following a disaster. One of its key attributes is its high flexibility and scalability, allowing businesses to effortlessly upgrade their service in accordance with their specific company requirements. DRaaS providers typically offer three primary models: managed, assisted, and self-service. In the managed model, third parties assume full responsibility for disaster recovery, whereas, in the assisted model, the service provider extends services and expertise to optimize the disaster recovery process, with the customer retaining responsibility for implementing some or all of the disaster recovery plans. The most economical option is the self-service DRaaS, where customers are accountable for planning, testing, and managing disaster recovery, while the vendor supplies backup management software and hosts backups and virtual machines in remote locations. DRaaS proves highly advantageous for small-to-medium-sized businesses (SMBs) and growing companies seeking flexibility or lacking internal resources and bandwidth to manage this software or hardware. Essentially, DRaaS simplifies disaster recovery for organizations by securely backing up their data and IT systems in a third-party cloud environment.

Drivers:

  • Increased need for data security and scalability: The recent surge in the Disaster Recovery as a Service (DRaaS) market can be primarily attributed to the mounting need for heightened data security measures and the growing requirement for effortless scalability. As businesses grapple with the challenges posed by an increasingly dynamic digital landscape, the allure of DRaaS lies in its ability to grant access to top-tier disaster recovery functionalities, eliminating the need for substantial initial investments in constructing and overseeing intricate infrastructure systems. Consequently, this service has emerged as an ideal solution for small-to-medium-sized enterprises (SMEs) that seek to fortify their operational resilience without the burden of exorbitant overhead costs and complex resource management.
  • Cloud-based solutions: Modern disaster recovery (DR) solutions are built upon the foundation of cloud technology, which effectively diminishes the initial capital expenses associated with traditional disaster recovery approaches. By leveraging the cloud, businesses can conveniently back up and restore their critical assets. One of the key players in this landscape is Disaster Recovery as a Service (DRaaS), a cloud-based computing model that streamlines the complex process of disaster recovery for organizations. This innovative approach empowers businesses to safeguard their data and IT infrastructure by securely storing them in a reliable third-party cloud environment. By utilizing DRaaS, businesses can mitigate the risks of data loss and operational downtime, ensuring continuity even in the face of unexpected disruptions or calamities.
  • Flexibility and scalability: DRaaS, or Disaster Recovery as a Service, is distinguished by its exceptional flexibility and scalability, offering businesses a seamless pathway to enhance their services in accordance with the unique requirements of their company. With the ability to effortlessly upscale or downscale, it presents an alluring option for burgeoning enterprises seeking adaptability in their IT infrastructure. Furthermore, DRaaS proves to be an ideal solution for companies lacking internal resources or the necessary bandwidth to efficiently oversee the complexities of software and hardware management. By outsourcing these critical components, businesses can focus their energies on core operations, ensuring greater productivity and operational efficiency.
  • Cost-effectiveness: Disaster Recovery as a Service (DRaaS) stands out as an incredibly valuable solution for businesses constrained by budgetary limitations, preventing them from implementing synchronous replication of critical applications and data necessary for maintaining a foolproof zero-data-loss disaster recovery strategy. This innovative service presents an array of essential features, mirroring those typically accessible to enterprises with substantial financial resources. However, what distinguishes DRaaS is its ability to deliver these indispensable functionalities at a significantly reduced cost, offering an attractive value proposition for companies looking to fortify their disaster recovery plans without stretching their financial resources. Furthermore, DRaaS ensures an accelerated time to value, speeding up implementation and enabling businesses to swiftly leverage its benefits, thus optimizing their resilience in the face of potential calamities.
  • Tiered disaster recovery: Tiered disaster recovery is a comprehensive and effective approach for constructing a robust disaster recovery (DR) strategy, offering a structured framework for handling different data storage resources during times of crisis. Within this model, each tier delineates the recoverability of particular types of data storage resources, determined by the recovery method and the time required for recovery. As one progresses through the tiers, the recovery time diminishes, ensuring swifter recuperation of critical systems and data. This stratified system finds its origins in a fundamental concept that played a pivotal role in shaping modern IT disaster recovery, namely, "reliability, availability, and serviceability." This principle underpins the fundamental aspects of building resilient DR solutions, emphasizing the need for consistent and dependable performance, continuous accessibility, and the ability to swiftly resume services, even in the face of disruptive events. By aligning with this model, organizations can better prioritize their resources and efforts, ensuring that critical data and systems are adequately protected and swiftly recoverable in the event of unforeseen disasters.

Products offered by key companies:

  • AWS Disaster Recovery is a suite of services and tools that helps organizations to protect their workloads and data from disasters. It provides a comprehensive set of capabilities for disaster recovery planning, execution, and testing.
  • Microsoft Azure Site Recovery is a service that helps organizations to replicate their on-premises workloads to Azure. This allows organizations to quickly and easily recover their workloads in Azure in the event of a disaster.

Prominent growth in the SME segment within the global disaster recovery as a service market:

The Disaster Recovery as a Service (DRaaS) market has witnessed a surge in growth, particularly in the small-to-medium-sized enterprise (SME) segment. The appeal of DRaaS to SMEs can be attributed to several key factors. Firstly, the cost-effectiveness of DRaaS eliminates the need for significant upfront investments in infrastructure, thereby allowing SMEs to access top-tier disaster recovery capabilities without substantial financial commitments. Moreover, the scalability of DRaaS enables businesses to effortlessly adjust their service levels in accordance with their evolving operational demands, rendering it an ideal solution for rapidly expanding SMEs lacking internal resources for managing complex software and hardware systems. Furthermore, the heightened awareness among SMEs about the importance of outsourced disaster recovery solutions has led to an increasing recognition of DRaaS for its ability to enhance data security and facilitate seamless scalability. As a cloud computing model, DRaaS simplifies the implementation of disaster recovery strategies for organizations by enabling them to securely back up their critical data and IT systems in a reliable third-party cloud environment. This not only streamlines the process for SMEs but also obviates the need for substantial investments in elaborate IT infrastructure. Consequently, the growing adoption of DRaaS by SMEs has contributed significantly to the market's expansion, fostering innovation and accessibility. By empowering SMEs to fortify their disaster recovery capabilities, DRaaS solutions are instrumental in fortifying business resilience across various industries, thereby fostering a dynamic and adaptable digital ecosystem.

The Asia Pacific region is expected to hold a significant share of the global disaster recovery as a service market:

The Asia Pacific region is projected to hold a substantial portion of the global disaster recovery as a service (DRaaS) market due to several key factors. One significant contributor is the rapid expansion of the IT industries, where the implementation of disaster recovery strategies is fundamental in establishing a resilient business framework. This sector's notable growth in the Asia Pacific region has directly fueled the concurrent expansion of the DRaaS market within the area. Moreover, the escalating integration of cloud-based solutions has played a pivotal role in the region's surge in DRaaS utilization. DRaaS, functioning as a cloud computing model, simplifies the disaster recovery process for businesses, allowing secure data backup and IT system maintenance in third-party cloud environments. The Asia Pacific region has experienced a notable uptick in the adoption of such cloud-based mechanisms, thereby contributing significantly to the increased uptake of DRaaS solutions. Furthermore, the region's vast population and burgeoning economies have led to a surge in the establishment of numerous small-to-medium-sized enterprises (SMEs). DRaaS, with its accessibility to enterprise-level disaster recovery functionalities without the need for substantial upfront investments in infrastructure, has emerged as an ideal solution for SMEs. Its scalability, affordability, and ease of implementation have made it a popular choice in the region. Additionally, the Asia Pacific region has witnessed a rise in government initiatives aimed at promoting the incorporation of cloud-based technologies, further bolstering the DRaaS market's growth.

Market developments:

  • In October 2023, AWS Elastic Disaster Recovery (AWS DRS) now offers Recover Into Existing Instance, a new feature that lets you recover to an original or pre-defined existing instance instead of creating a new Amazon EC2 instance.
  • In July 2023. Recovery Point Systems, Inc. has partnered with Mazars, a global audit, tax, and advisory firm. The partnership aims to improve business continuity and provide comprehensive ransomware protection.

Segments

  • By Operating Model
    • Managed DRaaS
    • Assisted DRaaS
    • Self-service DRaaS
  • By Service Type
    • Real-time Replication
    • Backup & Restore
    • Data Protection
    • Others
  • By Organization Size
    • Large
    • SMEs
  • By Deployment Mode
    • Public Cloud
    • Private Cloud
  • By End User
    • BFSI
    • Telecommunication
    • Energy and utilities
    • Media and Entertainment
    • Healthcare
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

2021 has been taken as the base year in disaster recovery as a service market.
Prominent key market players in the disaster recovery as a service (DRaaS) market include Microsoft Corporation, Amazon Web Services, Inc., IBM, VMware, Inc., and Sungard Availability Services, among others.
The global disaster recovery as a service market has been segmented by operating model, service type, organization size, deployment mode, end user, and geography.
The recent surge in the Disaster Recovery as a Service (DRaaS) market can be primarily attributed to the mounting need for heightened data security measures and the growing requirement for effortless scalability.
The Asia Pacific region is expected to hold a significant share of the global disaster recovery as a service market.

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET BY OPERATING MODEL

5.1. Introduction

5.2. Managed DRaaS

5.3. Assisted DRaaS

5.4. Self-service DRaaS

6. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET BY SERVICE TYPE

6.1. Introduction

6.2. Real-time Replication

6.3. Backup & Restore

6.4. Data Protection

6.5. Others

7. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET BY ORGANIZATION SIZE

7.1. Introduction

7.2. Large

7.3. SMEs

8. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET BY DEPLOYMENT MODE

8.1. Introduction

8.2. Public Cloud

8.3. Private Cloud

9. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET BY END-USER

9.1. Introduction

9.2. BFSI

9.3. Telecommunication

9.4. Energy and utilities

9.5. Media and Entertainment

9.6. Healthcare

9.7. Others

10. GLOBAL DISASTER RECOVERY AS A SERVICE MARKET BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. United States

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. United Kingdom

10.4.2. Germany

10.4.3. France

10.4.4. Spain

10.4.5. Others

10.5. The Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Israel

10.5.4. Others

10.6. Asia Pacific

10.6.1. Japan

10.6.2. China

10.6.3. India

10.6.4. South Korea

10.6.5. Indonesia

10.6.6. Thailand

10.6.7. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

12. COMPANY PROFILES

12.1. Microsoft Corporation

12.2. Amazon Web Services, Inc.

12.3. IBM

12.4. VMware, Inc.

12.5. Sungard Availability Services

12.6. InterVision

12.7. TierPoint, LLC

12.8. Infrascale

12.9. Acronis International GmbH


Microsoft Corporation

Amazon Web Services, Inc.

IBM

VMware, Inc.

Sungard Availability Services

InterVision

TierPoint, LLC

Infrascale

Acronis International GmbH