Disaster Recovery as a Service Market size is expected to reach US$ 84.07 Bn. by 2029, at a CAGR of 43.78% during the forecast period.
Disaster Recovery as a Service Market Market Overview:
The Disaster Recovery as a Service Market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Disaster Recovery as a Service Market Market, as well as the reasons for variations in the industry's growth across a number of sectors.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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With an increasing preference of cloud-based solutions in small and medium-sized enterprises (SMEs), DRaaS enables replication of data and application to confirm business continuity in the event of a disaster. The unplanned downtime is the major concern for the various companies around the globe. The potential losses and damage due to the system downtimes are huge. As per research, across the globe 2.5 quintillion bytes of data generated every day and a major reason for the loss of this data is unplanned downtime of systems which further led to the shutdown of several companies.
The objective of the report is to present a comprehensive analysis of the Global Disaster Recovery as a Service (DRaaS) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
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Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Disaster Recovery as a Service Market market are as follows:
• IBM Corporation
• Microsoft Corporation
• Sungard Availability Services
• Iland Internet Solutions
• Infrascale Inc.
• Bluelock Llc
• Recovery Point Systems
• Amazon Web Services
• Acronis International Gmbh
• Cable & Wireless Communications Ltd
• Tierpoint Llc
• Geminare Incorporated
• Sunguard Availability Services
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Disaster Recovery as a Service Market market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Disaster Recovery as a Service Market Market:
End-user industries where Disaster Recovery as a Service Market are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Disaster Recovery as a Service Market manufacturers, affecting the Disaster Recovery as a Service Market market's growth in 2020. End-user business demand for Disaster Recovery as a Service Market has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Disaster Recovery as a Service Market Market Report are:
In 2021, which segment accounted for the most share of the Disaster Recovery as a Service Market market?
What is the competitive landscape of the Disaster Recovery as a Service Market market?
What are the key factors influencing Disaster Recovery as a Service Market market growth?
In the Disaster Recovery as a Service Market market, which region has the most market share?
What will be the CAGR of the Disaster Recovery as a Service Market market during the forecast period (2022-2027)?