Disaster as a service
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.
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