Advent of cloud computing solution to foster Disaster Recovery as a Service (DRaaS) market growth, Competitive Players Hewlett Packard Enterprise,…

Requirement to fix first and run later is eliminated owing to adoption DRaaS, is expected to prominent factor propelling the market growth

Disaster Recovery as a service (DRaaS) market refers to replication or hosting of virtual or physical servers to a third party business location, which either includes backup appliances or cloud, for enabling data and information recovery in case of any natural or manmade calamity. Significant number of advantages over the conventional disaster recovery, such as elimination of downtime, reduction in IT costs and resources is expected to present major traction to the industry growth.

Market Overview:

Disaster Recovery as a service (DRaaS) is software that is used to backup appliances or the cloud and allow data and information recovery in case of any natural or manmade disaster occur.

Competitive Landscape:

Acronis International, Amazon Web Services, Cisco Systems, Microsoft Corporation, IBM Corporation, Sungard Availability Services, VMWare, Hewlett Packard Enterprise, iland Internet Solutions, and NTT Communications Corporation, among others.

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Key Market Drivers:

Growing need for backup data in organization is expected to drive growth of the Disaster Recovery as a Service (DRaaS) market. Advent of cloud computing solution has again propelled growth of the market. Moreover, upsurge in small and medium enterprises as these solution are cost-effective SMEs are rapidly adopting DRaas which in turn further accelerating market growth.

Advancement in technology is also contributing to growth of the market. For instance, in October 2021, Cohesity, a marketer in next-gen data management, announced the launch of its next as a service offering disaster recovery as a service (DRaaS). This new offering extends the exceptional disaster recovery (DR) capabilities provided by Cohesity SiteContinuity and adds the ability to use Amazon Web Services (AWS) as a recovery location for failover and failback in a Software as a Service (SaaS) model.

Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Covid-19 Impact Analysis

With the slowdown in the economic growth the manufacturing or assembling organizations are has suffered a lot and confronting hardships in working their office in this pandemic circumstance. Besides, a portion of the organizations have briefly closed down while others are battling to proceed with their activities. This has negatively impacted Disaster Recovery as a Service (DRaaS) market. However, the market is expected to rise at a significant rate over the forecast period.

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Some of the important questions answeredin this report include:

What are the top five Disaster Recovery as a Service (DRaaS) Market players?

What will the Disaster Recovery as a Service (DRaaS) Market look like in the following years?

Which product and application will dominate the Disaster Recovery as a Service (DRaaS) Market?

What are the Disaster Recovery as a Service (DRaaS) Markets drivers and restraints?

Which regional market will represent the highest growth?

What will be the CAGR and market size of the Disaster Recovery as a Service (DRaaS) Market over the forecast period?

What is the present market size, what will it be in 2029, and what will be the growth rate?

What are the constraints to market growth?

What market opportunities and risks do the key companies face?

Who are the main competitors, and what is their strategic approach?

What are the markets entry challengesfor new players?

Market Segment Analysis:

On the basis of DRaaS types, the global disaster recovery as a service market is classified into:

On the basis of services, the global disaster recovery as a service market is classified into:

On the basis of deployment models, the global disaster recovery as a service market is classified into:

On the basis of enterprise, the global disaster recovery as a service market is classified into:

On the basis of end use industry, the global disaster recovery as a service market is classified into:

Key Takeaways:

The Disaster Recovery as a Service (DRaaS) market is owing to the development of IT infrastructure and adoption of cloud based solution.

Asia Pacific is expected to gain significant growth over the forecast period owing to the expansion of IT infrastructure in the region. According to National Association of Software and Service Companies (Nasscom), the Indian IT industrys revenue is estimated to reach US$ 194 billion in FY21, an increase of 2.3% YoY

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Advent of cloud computing solution to foster Disaster Recovery as a Service (DRaaS) market growth, Competitive Players Hewlett Packard Enterprise,...