Global Disaster Recovery as a Service (DRaaS) Market Report, published by Variant Market Research, forecast that the global market was valued at $2 billion in 2016 and expected to reach $19 billion by 2024; growing at a CAGR of 34.7% from 2016 to 2024. In geographical segments, Asia-Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 37.2% and 34.3%, respectively, over the forecast period 2016 - 2024.

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The global disaster recovery as a service market is majorly driven by growing automation and flexibility capabilities, increasing demand for cloud based services, growth in preference for commoditized IT services, and legislation of stringent disaster recovery regulations globally. Though, lack of compliance and security, and high network bandwidth necessities may hamper the growth for the DRaaS market. Additionally, growing knowledge towards virtualization technologies and growing trends of managed services among enterprises would provide the growth opportunities for the market in the upcoming years.

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The global DRaaS market has been categorized into application, service type, service providers, cloud type, deployment model, company size, geography. Service type includes professional services, backup, real time protection, and data security. Application segment comprises government, IT & telecom, education, retail & e-commerce, manufacturing & logistics, BFSI, media & entertainment, and others. Service provides segment contains cloud service provider (CSP), service provider (MSP), telecom & communication service provider. Cloud type segment comprises private cloud, public cloud, and hybrid cloud. Deployment model contains in cloud DRaaS, to cloud DRaaS, and from cloud DRaaS. Company size segment includes mid-sized companies, small companies, and large companies. Mid-sized companies sub segment accounted for the maximum market share in 2016, while, small companies segment is predictable to grow at the fastest CAGR during the forecast period.
North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions covered in the report. North America held for the largest market share of 34.5% in 2016, and it will continue to dominate over the forecast period. The growth is majorly seen owing to the deployment of DRaaS by public and government sectors in countries such as the U.S. Europe accounted for the second major market share of 29.2%, driven by technological advancement and growing deployment of DRaaS across various application areas. In terms of growth, Asia-Pacific is anticipated to attain the fastest CAGR of 37.2% during the forecast period 2016-2024. Development in manufacturing industries and growth in awareness regarding cloud based recovery solutions have supplemented the growth of the market in the region.

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The major players operating in the global disaster recovery as a service market comprise HP Enterprises Company, Cisco Systems, Inc., Symantec Corporation, VMWare, Inc., Amazon Web Services, Microsoft Corporation, IBM Corp., TierPoint, LLC, SunGard Availability Services, and NTT Communications Corporation, among others.

Scope of Disaster Recovery as a Service Market

Service Type Segments
• Professional Services
• Data Security
• Real Time Protection
• Backup

Application Segments
• Government
• IT & Telecom
• Media & Entertainment
• Education
• Retail and E-Commerce
• Manufacturing & Logistics
• BFSI
• Others

Service Providers Segments
• Telecom & Communication Service Provider
• Cloud Service Provider (CSP)
• Managed Service Provider (MSP)

Cloud Type Segments

• Public Cloud
• Private Cloud
• Hybrid Cloud

Deployment Model Segments

• In cloud DRaaS
• To cloud DRaaS
• From cloud DRaaS

Company Size Segments

• Small Companies
• Mid-Sized Companies
• Large Companies

Geographical Segments

• North America
o US
o Canada
o Mexico

• Europe
o UK
o Italy
o France
o Germany
o Others

• Asia-Pacific
o China
o India
o Japan
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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