Technavio: Disaster Recovery-as-a-Service market CAGR > 44.65% from 2021-2025

The disaster recovery-as-a-service (DRaaS) market is set to grow by $40.97 billion, progressing at a CAGR (compound annual growth rate) of over 44.65% during 2021-2025 (43.19% till 2024), according to this Technavio report.

The report identifies and provides a detailed analysis of the market participants in dominant positions including Amazon.com, Broadcom, Cisco Systems, Dell Technologies, and International Business Machines Corp.

Various factors such as growing improvements in manageability and protection, increasing adoption of cloud-based disaster recovery solutions, and rising need to meet RTO and RPO objectives of enterprises will offer immense growth opportunities for market growth.

In addition, the surging adoption of  AI for disaster recovery and deployment of DRaaS by enterprises to reduce the need for secondary data centers will further lead the market to flourish during the forecast period. However, the availability of open-source disaster recovery tools is one of the primary factors anticipated to limit the market’s growth during the next few years.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the other major vendors of the disaster recovery-as-a-service (DRaaS) market in IT Consulting & Other Services include iland Internet Solutions, Microsoft Corp., NTT Communications Corp., Oracle Corp., and Sungard Availability Services LP.

To help businesses improve their market position and leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research report on the disaster recovery-as-a-service (DRaaS) market is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

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Disaster Recovery-as-a-Service (DRaaS) Market is segmented as follows:

  • Deployment
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

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Separately, Technavio forecasts the fiber optics market will grow at a CAGR of 4.77% till 2024. During the forecast period, the market will show an accelerating growth of $2443.66 million.

References:

https://www.prnewswire.com/news-releases/disaster-recovery-as-a-service-draas-market-amazoncom-inc-broadcom-inc-and-cisco-systems-inc-emerge-as-dominant-market-players–technavio-301355303.html

One thought on “Technavio: Disaster Recovery-as-a-Service market CAGR > 44.65% from 2021-2025

  1. Cyber Security Market in North America: Cisco Systems Inc., McAfee LLC & AO Kaspersky Lab Emerge as Dominant Market Players | Technavio

    According to Technavio, incremental growth of $ 66.66 bn is expected in the cyber security market in North America during 2021-2025. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the cyber security market in North America in optimistic, probable, and pessimistic forecast scenarios.

    Some of the major vendors of the cyber security market in North America in the IT Consulting & other services industry include AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Corporation Service Co., Fortinet Inc., General Dynamics Corp., McAfee LLC, and Northrop Grumman Corp. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

    Factors such as an increase in the use of mobile devices, and increasing IT security investments will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The cyber security market in North America is fragmented, and the degree of fragmentation will accelerate during the forecast period.

    https://www.prnewswire.com/news-releases/cyber-security-market-in-north-america-cisco-systems-inc-mcafee-llc–ao-kaspersky-lab-emerge-as-dominant-market-players–technavio-301370493.html

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