Disaster Recovery-as-a-Service Market

Introduction

The global disaster recovery-as-a-service market is expected to register a global CAGR of 38.5% during 2018 – 2028, and Western Europe and North America are expected to account for approximately 50% market value shares by the end of the forecast period.

In this report, FMI has segmented the global disaster recovery-as-a-service market on the basis of type of service, service provider, vertical, end user and regions. On the basis of the type of service, the disaster recovery-as-a-service market is segmented into recovery & backup services, real time replication services, data protection services, professional services and managed services. Among all the above-mentioned services, the recovery & backup services segment has witnessed the maximum preference in the market.

As the solution disaster recovery-as-a-service is available in a suite that includes multiple solutions, such as backup, recovery and data protection, and the primary requirement is witnessed to be for recovery & backup services, a comparatively lower market share is held by the data protection services segment in the global disaster recovery-as-a-service market.

On the basis of service provider, the disaster recovery-as-a-service market is segmented into cloud service provider, telecommunication service provider, managed service provider and others. Cloud service provider segment is expected to dominate the global disaster recovery-as-a-service market, throughout the forecast period, in terms of value. The ease of deployment and increasing establishments of cloud service providers globally, are some of the factors complimenting the aforementioned forecast.

On the basis of vertical, the disaster recovery-as-a-service market is segmented into BFSI, IT & telecommunication, retail & consumer goods, public sector, healthcare, media & entertainment, defence and others. Since its inception, this solution has witnessed the maximum adoption from the BFSI and IT & telecommunication verticals.

Hence, these segments are estimated to be among the most attractive segments in terms of incremental opportunity in the global disaster recovery-as-a-service market. It is recommended for solution providers to target these two segments owing to the high opportunities associated with the same.

On the basis of end-user, the disaster recovery-as-a-service market is segmented into large enterprises and small & medium enterprises. The large enterprises segment is witnessed to hold a higher market share in the global disaster recovery-as-a-service market. However, the small and medium enterprises segment is expected to dominate the market in countries such as South Africa owing to the presence of a larger number of small and medium enterprises in the region.