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Publication: July 2024
Report Type: Sub-Tracker
Report Format: PDF DataSheet
Report ID: CCT15463 
  Pages: 400+  

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: PDF DataSheet |   Pages: 400+  

 July 2024  | 

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

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

2024

  

Estimated Year

2024

  

CAGR Period

2024-2032

  
 

Research Scope

  

Service Model

Managed DRaa

  

Self-Service DRaa

  

Assisted DRaa

  

Deployment Model

Public Clou

  

Private Clou

  

Hybrid Clou

  

Industry

IT and Telecom

  

Media and Entertainment

  

Energy and Power

  

Transportation and Logistics

  

Healthcare

  

BFSI

  

Retail

  

Manufacturing

  

Public Sector

  

Other

  

Organization Size

Large Enterprise

  

Mid Enterprise

  

Small Enterprise

  

Use Case

 Data Center Recover

  

 Application Recover

  

 Workload Mobilit

  

 Virtual Machine Recover

  

 File and Object Recover

  

 Network Recover

  

Pricing Model

Subscription-Base

  

Pay-As-You-G

  

Usage-Based Billin

  

Recovery Time Objective (RTO)

Less than 1 Hou

  

1-4 Hour

  

4-12 Hour

  

More than 12 Hour

  

Recovery Point Objective (RPO)

Real-Time Recover

  

Near Real-Time Recover

  

Daily Recover

  

Weekly Recover

  

Service Provider Type

Cloud Service Provider

  

Managed Service Provider

  

Telecom Service Provider

  

Compliance and Certification

ISO 2700

  

HIPA

  

SOC

 

GDP

  

PCI DS

  

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

U

Canad

Mexic

Western Europe

U

German

Franc

Ital

Spai

Benelu

Nordic

Rest of Western Europ

Eastern Europe

Russi

Polan

Rest of Eastern Europ

Asia Pacific

Japa

Australi

Chin

South Kore

Indi

Malaysi

Hong Kon

Indonesi

New Zealan

Singapor

Thailan

Vietna

Philippine

Taiwa

Rest of Asia Pacifi

Latin America

Brazi

Per

Colombi

Chil

Rest of Latin Americ

MEA

Israe

South Afric

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*Research Methodology: This report is based on DataCube’s proprietary 3-stage forecasting model, combining primary research, secondary data triangulation, and expert validation. [Learn more]