Report Id: SNS/ICT/1540 | June 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The Cloud Disaster Recovery Market size was valued at USD 7.53 Bn in 2022 and is expected to reach USD 42.68 Bn by 2030, and grow at a CAGR of 24.2% over the forecast period 2023-2030.
Cloud Disaster Recovery as a service (DRaaS) is a cloud computing solution that helps protect apps and data from disaster-related disruption. It provides an organization with a complete system backup that ensures business continuity in the event of a technical failure. A Cloud Disaster Recovery or business continuity plan might benefit from DRaaS. Business continuity as a service is another name for it (BCaaS). Dedicated DRaaS replicates a whole infrastructure on virtual servers in a fail-safe manner, including all storage and networking functions.
An enterprise can restart operating applications by using the service provider's cloud or hybrid cloud as a backup for disaster-affected physical servers. Coming back from a calamity may be much faster, if not instantaneous. The processes and data are moved back into the physical servers once they have been recovered. When consumers' apps operate from the cloud rather than an on-site server, they may face greater latency. Even yet, the entire business cost of rest can be extremely high, thus it's vital that the company get back up and running as soon as possible.
Opti9, a hybrid cloud provider, has announced a merger with HostedBizz in order to expand its North American reach into Canada. "The opportunity to combine Opti9's skills with HostedBizz's experience of the Canadian cloud computing sector and the power of their partner ecosystem will expand the variety of conceivable services we can provide to our clients," said Opti9. For over a decade, HostedBizz has been a market leader in cloud and security solutions in Canada, and today we are excited to join forces to deliver a multifaceted, hybrid cloud capability set that provides partners and customers across North America with unprecedented scale, reach, performance, reliability, security, and value."
The e uptake of cloud services in businesses.
The need for cloud computing is increasing all the time.
Cost-effectiveness and data recovery.
A lot of businesses aren't employing the most up-to-date technologies.
Concerns about security and technological misconceptions
Businesses do not trust the cloud since it is subject to assaults, and businesses are afraid to use it.
With the passage of time, artificial intelligence and machine learning are becoming more prevalent.
Including AI in Cloud Disaster Recovery as a service can provide several benefits in terms of data recovery and security.
Security is one of the primary issues.
It holds a large quantity of data, making it a prime target for cybercriminals.
IMPACT OF COVID-19:
Following the COVID-19, there has been a substantial increase in corporate strategies for improved business continuity and Cloud Disaster Recovery. Due to travel constraints, companies are introducing remote work techniques for their staff. The pandemic, on the other hand, has had a beneficial influence on the catastrophe recovery-as-a-service business. Because of the lockout, cloud computing and cloud-based recovery-as-a-service solutions are becoming more popular. Organizations can boost their usage of DRaaS solutions due to considerations such as more flexibility and cost-effectiveness given by these solutions. However, data breaches are expected to be the market's biggest risk in the event of a pandemic.
In cloud computing settings, backup is the process of duplicating data. It allows for the recovery of duplicate sets in the event of data loss due to downtime or failures such as power outages, human mistakes, or natural disasters. In the case of a disaster, restore refers to the recovery of lost or damaged files from storage media. The data restore procedure is the act of recovering specific data that has become unavailable due to logical or physical damage to storage devices. Due to the growing volume of data, organizations are becoming more aware of the necessity for backup. Enterprises benefit from backup in a variety of ways, including higher agility, data retention, cheaper costs, faster deployments, and better data security. It offers solutions that are cost-effective, automated, dependable, secure, and scalable. In the case of a calamity, these solutions assure company continuity. Enterprises with limited resources can outsource their data and applications to DRaaS suppliers, which offer specialized backup and restore services while lowering CAPEX and OPEX.
The public cloud deployment strategy is based on the cloud computing concept, which enables service providers to create applications and make them available to the general public over the internet. Public cloud services are provided for free or on a pay-per-use basis, depending on the needs of end customers. The public cloud deployment paradigm is best suited for web servers or system designs where security and compliance aren't a big concern. The public cloud allows for easier access and quicker deployments. These reasons lead to the widespread use of Cloud Disaster Recovery services. Scalability, dependability, flexibility, and remote access are all advantages of the public cloud deployment strategy for businesses. Multiple customers can access services in the public cloud since they share the same infrastructure. However, data security is a key worry with this deployment approach, which is why many businesses are shifting to private and hybrid cloud deployment options to safely recover their data.
KEY MARKET SEGMENTS:
On The Basis of Service Type:
Backup & Recovery
On The Basis of Deployment Model:
On The Basis of Organization Size:
Small & Medium-Sized Enterprises
On The Basis of Industry Vertical:
Retail and Goods
Government and Public Sector
Healthcare and Life Sciences
Media and Entertainment
North America, Europe, Asia Pacific, and the Rest of the World are the four geographical areas that make up the global cloud disaster recovery as a service (DRaaS) market. Because of the major players in the region, the North American region owns a big part of the market, and the rising use of modern technology is a factor driving market expansion in the region. At the same time, due to an increase in research and development by major companies, the Asia Pacific area is the fastest-growing region in the industry, driving the Cloud Disaster Recovery as A Service (DRaaS) Market growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are International Business Machines Corporation (IBM), Microsoft Corporation, Amazon Web Services, Inc, Hewlett Packard Enterprise (HPE) Company, Dell Technologies, Inc, NTT Data Corporation, Seagate Technology Plc, Netapp, Unitrends, Inc, Cable & Wireless Communications Ltd
|Market Size in 2022||US$ 7.53 Bn|
|Market Size by 2030||US$ 42.68 Bn|
|CAGR||CAGR of 24.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Data Protection, Real-Time Replication, Backup & Recovery, Professional Services)
• by Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), by Organization Size (Small & Medium-Sized Enterprises and Large Enterprises)
• by Industry Verticals (BFSI, Retail and Goods, Government and Public Sector, Manufacturing, Healthcare and Life Sciences, Media and Entertainment, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||International Business Machines Corporation (IBM), Microsoft Corporation, Amazon Web Services, Inc, Hewlett Packard Enterprise (HPE) Company, Dell Technologies, Inc, NTT Data Corporation, Seagate Technology Plc, Netapp, Unitrends, Inc, Cable & Wireless Communications Ltd|
|Key Drivers||• The e uptake of cloud services in businesses.
• The need for cloud computing is increasing all the time.
|Market Opportunities||• With the passage of time, artificial intelligence and machine learning are becoming more prevalent.
• Including AI in Cloud Disaster Recovery as a service can provide several benefits in terms of data recovery and security.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Cloud Disaster Recovery Market Segmentation, by Service Type
8.1 Data Protection
8.2 Real-Time Replication
8.3 Backup & Recovery
8.4 Professional Services
9. Cloud Disaster Recovery Market Segmentation, by Deployment Model
9.1 Private Cloud
9.2 Public Cloud
9.3 Hybrid Cloud
10. Cloud Disaster Recovery Market Segmentation, by Organization Size
10.1 Small & Medium-Sized Enterprises
10.2 Large Enterprises
11. Cloud Disaster Recovery Market Segmentation, by Industry Vertical
11.2 Retail and Goods
11.3 Government and Public Sector
11.5 Healthcare and Life Sciences
11.6 Media and Entertainment
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 International Business Machines Corporation (IBM)
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Microsoft Corporation
13.3 Amazon Web Services, Inc
13.4 Hewlett Packard Enterprise (HPE) Company
13.5 Dell Technologies, Inc
13.6 NTT Data Corporation
13.7 Seagate Technology Plc
13.9 Unitrends, Inc
13.10 Cable & Wireless Communications Ltd.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
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