Disaster Recovery as a Service (DRaaS) Market Size - By Service Model (Backup & Recovery, Real-Time Replication, Data Protection), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size, Industry Vertical & Global Forecast, 2023 - 2032

Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format

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Disaster Recovery as a Service (DRaaS) Market Size

Disaster Recovery as a Service Market size was USD 11.5 billion in 2022 and is expected to record a CAGR of more than 22% during the period from 2023 to 2032, as a result of increasing awareness about data security. As cyber threats are on the rise, companies are realizing the utmost importance of protecting their data. DRaaS vendors provide enhanced security features such as encryption and multi-factor authentication, ensuring that businesses keep their sensitive data safe. This increased sensitivity to data security threats encourages organizations to spend on DRaaS, ensuring strong protection against cyberattacks and strengthening overall data resilience.

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Growing need to reduce downtime is a major driver driving the Disaster Recovery as a Service market growth. With the fast pace of the current digital world, companies cannot afford to be away for long. DRaaS provides quick recovery of data and system recovery, thus ensuring business continuity uninterrupted even after setbacks. This feature is the most significant one, which encourages companies to invest in DRaaS solutions since they are a sure bet to quickly come out of calamities and ensure business operations uninterrupted, enhancing productivity & customer trust.

 

Disaster Recovery as a Service Market Report Attributes
Report Attribute Details
Base Year 2022
Disaster Recovery as a Service Market Size in 2022 USD 11.5 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 22%
2032 Value Projection USD 82.8 Billion
Historical Data for 2018 - 2022
No. of Pages 240
Tables, Charts & Figures 336
Segments covered Service Model, Deployment Model, Organization Size, Industry Vertical
Growth Drivers
  • Rising demand for data security
  • Proliferation of cloud computing services
  • The increasing demand to minimize downtime
Pitfalls & Challenges
  • Security & privacy concerns
  • Integrating DRaaS with the existing IT infrastructure can be complex

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Security issues are a major threat to the demand of the DRaaS market. In spite of strong encryptions and authentication mechanisms, companies are still hesitant to leave sensitive information in the hands of third-party cloud services. High-profile data breaches and cyberattacks have escalated such concerns, and some organizations have started using on-premises solutions even if they are not ideal. Winning over these fears requires ongoing improvements in encryption technologies, stringent compliance certifications, and open communication from DRaaS vendors regarding their security procedures & measures.

COVID-19 Impact
The COVID-19 pandemic considerably contributed to the DRaaS market size. As work from home emerged as the new normal, companies began to increasingly depend upon cloud-based DRaaS services to maintain smooth operations and data safety. The pandemic brought into focus the extreme importance of strong disaster recovery measures, and companies invested in DRaaS for ensuring business continuity. This increase in demand has induced innovation & developments in the DRaaS industry, thus fuelling market growth and further entrenching its place in contemporary business resilience.

Disaster Recovery as a Service (DRaaS) Market Trends
As more companies place high value on business continuity, there's an escalating demand for solutions that reduce downtime & data loss. That is why Disaster Recovery as a Service (DRaaS) is becoming so vital. DRaaS allows one to rapidly restore systems and data in case of disruption, and that ensures operations remain smooth. For instance, Amazon Web Services (AWS) recently introduced a new DRaaS service, AWS Elastic Disaster Recovery. It aims to assist enterprises of any size to minimize downtime and data loss. It has the capability to rapidly and accurately restore data and systems on premises and in the cloud. AWS Elastic Disaster Recovery is an excellent solution for companies requiring an effective method to ensure that business continues uninterrupted despite disaster. It offers confidence in the security of data and ability to quickly recover systems with reduced interruptions.

Disaster Recovery as a Service (DRaaS) Market Analysis
Discover more about the leading segments influencing this market

By organization size, the large enterprises segment captured more than 74% of market share in 2022. Partnerships are driving significant growth in the large enterprises segment. Through partnerships with specialized DRaaS providers, businesses are getting exposure to innovative technologies & expertise, allowing them to greatly improve their disaster recovery approaches.
For example, in September 2022, Perpetuuiti partnered with SoftwareONE, a leading software & cloud technology solution provider, to introduce the Perpetuuiti Hybrid Disaster Recovery Service. This collective effort is aimed at customers of Microsoft Azure in India, thus working to streamline recovery time, data loss, and downtime cost for businesses. All these partnerships lead to customized solutions reducing downtime, minimizing data loss, and facilitating uninterrupted business continuity. Shared skills & resources between businesses and DRaaS providers add to the profit-making growth of the market. 

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By industry vertical, the BFSI segment held 25% market share in disaster recovery as a service in 2022. Banks and other financial institutions are now more cooperating with DRaaS providers to enhance their organization sizes, thus influencing the growth of the BFSI segment in the market. With such collaborations, banks and other financial institutions get empowered to make their critical organization sizes secure & continuous.
For example, in September 2023, IBM allied with Indian Bank, a pioneering public sector bank, to help speed up the bank's transformation process. Through this collaboration, a flexible and secure computing environment is to be provided, hence enabling the provisioning of new sizes of front-end banking organizations. Indian Bank's intention is to increase its manageability and availability both in Data Centers (DC) and Disaster Recovery (DR) centers through consolidating front branch servers.

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North America disaster recovery as a service market documented over 34% of revenue in 2022, driven by the strong technology foundation in the U.S. The IT infrastructure of the nation supports broad adoption of DRaaS solutions. For its focus on uncomplicated business continuity and data protection, enterprises in the U.S. are increasingly putting money in DRaaS. This increased demand is a testament to the region's dedication to robust disaster recovery efforts, positioning North America as a prominent region in the market.

Disaster Recovery as a Service Market Share

Major companies operating in the Disaster Recovery as a Service (DRaaS) industry are

IBM Corporation and Amazon Web Services, Inc. (AWS) are dominating the market, accounting for a collective revenue share of around 16%. These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative solutions and garner the maximum market revenue.

Disaster Recovery as a Service (DRaaS) Industry News

  • In September 2023, Expedient collaborated with Kyndryl, a provider of IT infrastructure services, to expand the delivery of security & cyber resilience services to a broader customer base. This initiative assists organizations in diverse sectors to enhance their cybersecurity defenses, thereby reinforcing their resilience against potential data breaches and associated risks.

The disaster recovery as a service (DRaaS) market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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Market, By Service Model

  • Backup & Recovery
  • Real-Time Replication
  • Data Protection
  • Others

Market, By Deployment Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Market, By Organization Size

  • Small & Medium-sized Enterprises (SMEs)
  • Large Enterprises

Market, By Industry Vertical

  • Healthcare
  • BFSI
  • Government
  • Retail
  • Manufacturing
  • IT & Telecom
  • Others

The above information has been provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • UAE
    • Saudi Arabia

 

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Table of Content

Here’s a Table of Contents (ToC) for a report on the Disaster Recovery as a Service (DRaaS) Market:

Table of Contents

  1. Executive Summary

    • Market Overview

    • Key Findings

    • Market Trends and Opportunities

  2. Introduction

    • Definition of DRaaS

    • Scope of the Report

    • Research Methodology

  3. Market Dynamics

    • Market Drivers

    • Market Restraints

    • Opportunities and Challenges

  4. Market Segmentation

    • By Service Type

      • Backup & Recovery Services

      • Real-time Replication Services

      • Data Protection & Security Services

      • Professional & Managed Services

    • By Deployment Mode

      • Public Cloud

      • Private Cloud

      • Hybrid Cloud

    • By Enterprise Size

      • Small & Medium Enterprises (SMEs)

      • Large Enterprises

    • By Industry Vertical

      • Banking, Financial Services, and Insurance (BFSI)

      • Healthcare & Life Sciences

      • IT & Telecommunications

      • Government & Public Sector

      • Retail & E-commerce

      • Manufacturing

      • Energy & Utilities

      • Others

  5. Regional Analysis

    • North America

    • Europe

    • Asia-Pacific

    • Latin America

    • Middle East & Africa

  6. Competitive Landscape

    • Market Share Analysis

    • Key Players and Company Profiles

    • Recent Developments & Strategies

  7. Market Forecast and Future Trends

    • Growth Projections

    • Emerging Technologies (AI, Automation, Cloud Computing, Edge Computing)

    • Regulatory and Compliance Impact

  8. Case Studies and Use Cases

    • Successful Implementations

    • Industry Best Practices

  9. Conclusion and Recommendations

  10. Appendix

  • List of Abbreviations

  • References

 

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