Global Cloud Disaster Recovery as a Service Market Size | 2019-2032

Global Cloud Disaster Recovery as a Service (DRaaS) Market Size and Forecast by Service Model, Deployment Model, Industry, Organization Size, Use Case, Pricing Model, Recovery Time Objective (RTO), Recovery Point Objective (RPO), Service Provider Type, Compliance and Certification, and Region: Statistics | 2019-2032

Report Format:     | Pages: 250+
Type: Niche Industry Monitor | ID: CCT15463  | Publication: July 2024  |  US$1,790  |  

Cloud Disaster Recovery as a Service (DRaaS) Market Growth and Performance

Global Cloud Disaster Recovery as a Service Market


Key Takeaways:

  • In 2023, the global cloud disaster recovery as a service market size reached US$ 10.81 Billion, witnessing a YoY growth of 13.8%.
  • The market is projected to experience a significant upsurge in market revenue, reaching US$ 63.05 Billion by the end of 2032.
  • In terms of growth, the global cloud disaster recovery as a service market is anticipated to expand at a CAGR of 21.2% between 2024 and 2032.
  • The managed DRaaS segment is projected to experience a significant upsurge in market revenue, reaching US$ 35.70 Billion by the end of 2032.
  • The cloud disaster recovery as a service market is expected to witness an absolute dollar opportunity of US$ 52.23 Billion between 2024 and 2032.
  • Among the diverse regions within this market, North America cloud disaster recovery as a service market took the lead, reaching a market value of US$ 5.68 Billion in 2023.
  • The fastest growing market among regions is Latin America, experiencing a CAGR of 34.2% between 2024 and 2032.
  • While all the leading countries are still important, US ruled as the leading market in the global cloud disaster recovery as a service industry in 2023.
  • Among the diverse end users, IT and telecom was the largest end-user vertical in terms of spending in the market in 2023.
  • The global cloud DRaaS market is mainly driven by rising demand for scalable and agile IT Infrastructure and growing adoption of microservices architecture.
  • To gain competitive edge in the cloud DRaaS market, major players are focused towards entering into partnership. For instance, in June 2024, Converge ICT launched its Disaster Recovery as a Service (DRaaS) in partnership with Zerto, a subsidiary of Hewlett Packard Enterprise (HPE). This collaboration seeks to enhance data security in the Philippines, safeguarding businesses from disruptions caused by natural disasters, human error, and cyberattacks.

Cloud Disaster Recovery as a Service Market Scope

Analysis Period

2019-2032

 

Actual Data

2019-2023

 

Base Year

2023

 

Estimated Year

2024

 

CAGR Period

2024-2032

 
 

Research Scope

 

Service Model

Managed DRaaS

 

Self-Service DRaaS

 

Assisted DRaaS

 

Deployment Model

Public Cloud

 

Private Cloud

 

Hybrid Cloud

 

Industry

IT and Telecom

 

Media and Entertainment

 

Energy and Power

 

Transportation and Logistics

 

Healthcare

 

BFSI

 

Retail

 

Manufacturing

 

Public Sector

 

Other

 

Organization Size

Large Enterprises

 

Mid Enterprises

 

Small Enterprises

 

Use Case

 Data Center Recovery

 

 Application Recovery

 

 Workload Mobility

 

 Virtual Machine Recovery

 

 File and Object Recovery

 

 Network Recovery

 

Pricing Model

Subscription-Based

 

Pay-As-You-Go

 

Usage-Based Billing

 

Recovery Time Objective (RTO)

Less than 1 Hour

 

1-4 Hours

 

4-12 Hours

 

More than 12 Hours

 

Recovery Point Objective (RPO)

Real-Time Recovery

 

Near Real-Time Recovery

 

Daily Recovery

 

Weekly Recovery

 

Service Provider Type

Cloud Service Providers

 

Managed Service Providers

 

Telecom Service Providers

 

Compliance and Certification

ISO 27001

 

HIPAA

 

SOC 2

 

GDPR

 

PCI DSS

 

Company

Amazon Web Services, Microsoft, IBM, VMware, Google,  Zerto, Veeam, Acronis, Druva, Carbonite,

 
 
 

Cloud Disaster Recovery as a Service Industry: Regional Coverage

 

Regional Scope

North America

US

Canada

Mexico

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

Japan

Australia

China

South Korea

India

Malaysia

Hong Kong

Indonesia

New Zealand

Singapore

Thailand

Vietnam

Philippines

Taiwan

Rest of Asia Pacific

Latin America

Brazil

Peru

Colombia

Chile

Rest of Latin America

MEA

Israel

South Africa

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

Nigeria

Kenya

Turkey

Rest of MEA

 

Sub-Regions

ASEAN

Indonesia

Malaysia

Philippines

Thailand

 

 

 

 

 

Vietnam

 

 

 

 

 

Rest of Asia Pacific

 

 

 

 

BRICS

Brazil

Russia

India

China

South Africa

GCC

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

For Enquiry