Disaster Recovery Solutions Market By Service Type (Data Protection, Backup and Recovery, and Real-time Replication), By Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), By Vertical (Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, IT and Telecom, and Others), and By Region - Trends, Analysis, and Forecast till 2029

Disaster Recovery Solutions Market size accounted for USD 4.44 Billion in 2020 and is estimated to be USD 104.15 Billion by 2030 and is anticipated to register a CAGR of 36.7%.

Calamity recovery solutions aid businesses in restoring data in the case of a system malfunction or disaster. Data and applications are protected from many types of catastrophes using the cloud's resources by the DRaaS paradigm for cloud computing and backup services. A company can maintain operations in the event of a system failure or outage because to the comprehensive system backup it offers. Disaster recovery as a service speeds up the process of bringing back apps to production because data does not need to be restored over the internet. Small and medium-sized businesses may benefit from DRaaS if they lack the skills to create, implement, and evaluate an effective disaster recovery plan.

The disaster recovery solutions help enterprises for retrieval of data in case of any system failure incidents or disasters. Growing demand for disaster recovery solutions among various enterprises owing to rising data safety concerns, increasing virus and malware attacks, and need to reduce operational cost are expected to drive growth of the target market over the forecast period. According to data published by OpenCirrus organization in 2017, 65% of data center traffic is cloud based, and this is likely to reach 83% by 2019. However, high initial capital expenditure is anticipated to restrain growth of the global disaster recovery solutions market. Nevertheless, growing adoption of cloud-based solutions and increasing awareness about the benefits of implementing such solutions are expected to create lucrative growth opportunities for the global market over the forecast period.

Disaster Recovery Solutions Market is segmented based on service type, organization size, vertical and region.

On the basis of Service type, the Disaster Recovery Solutions Market is segmented into Data Protection, Backup and Recovery, and Real-time Replication. On the basis of organization size, the Global Disaster Recovery Solutions Market is segmented into Small and Medium Enterprises (SMEs) and Large Enterprises. On the basis of vertical, the Global Disaster Recovery Solutions Market is segmented into Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, IT and Telecom, and Others.  

Regional Insights:

On region the Disaster Recovery Solutions Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to expand at the highest CAGR over the forecast period.

Disaster Recovery Solutions Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Disaster Recovery Solutions Market report based on device, contain, deployment and region:

Disaster Recovery Solutions Market, By Service Type 

• Data Protection
• Backup and Recovery
• Real-time Replication

Disaster Recovery Solutions Market, By Organization Size

• Small and Medium Enterprises (SMEs)
• Large Enterprises

Disaster Recovery Solutions Market, By Vertical

• Banking
• Financial Services
• Insurance (BFSI)
• Government
• Healthcare
• IT and Telecom
• Others

Disaster Recovery Solutions Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the Disaster Recovery Solutions Market includes International Business Machines Corporation, Microsoft Corporation, Sungard Availability Services, iland Internet Solutions Corporation, Infrascale Inc., Bluelock, LLC, Recovery Point Systems, Inc., Amazon Web Services, Inc., Acronis International GmbH, and TierPoint, LLC.

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness".

• International Business Machines Corporation 
• Microsoft Corporation
• Sungard Availability Services
• iland Internet Solutions Corporation
• Infrascale Inc.
• Bluelock, LLC
• Recovery Point Systems, Inc.
• Amazon Web Services, Inc.
• Acronis International GmbH
• TierPoint, LLC.