Disaster Recovery as a Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Disasters are the consequences of events triggered either by machines or natural hazards on which humans have limited control. Years ago, natural disasters impacted on the society and businesses, these further the dent to overall economy of any region. The advancing technology has proved to avoid damage to an extent, events such as tsunami, floods, hurricanes, and earthquakes are some of the natural disasters which human kind have been tackling all these years. Disaster are not confined to natural activities alone, human or machine errors can also set the business to experience worst of the situations.
Though natural disasters are inevitable, technologies such as monitoring systems, alert systems and others can keep the society much updated with disasters that are possible to happen. Apart from alerts only there are systems which help enterprises to automatically recover or backup the important data which avoids minimal damage to the business. While natural disasters account some share of the risk, other disasters such as hardware failure, human error, software failure holds the major share of any business breakdown.
55% of the downtime caused due which the mid-sized and small enterprises are impacted is due to hardware failures, sometimes machines are also prone to commit mistakes as humans. Several stages of redundancy of systems such as power supplies, network controllers and hard drives it is assumed that majority of the risk is covered, but any malfunction in these systems can be easily detected with number of monitoring systems available today.
Modern hardware equipment are resistant to failures, most devices fall far short of a perfect track record. No one is immune to hard disk or internet connection failures. While it can be expensive for any company to eliminate single point of failure in overall infrastructure, companies adhering to disaster recovery which will avoid from business being impacted at a larger scale.
Disaster Recovery Plan (DRP) is also known as Business Continuity Plan (BCP) or Business Process Contingency Plan (BPCP) these plans define how an enterprise should deal with likely disasters. DRP consists of the safety measures to be taken to reduce the impacts of a disaster which further enables the company to efficiently restart functions. Usually, DRP involves complete analysis of business processes and continuity needs, it may also include a significant focus on disaster prevention.
DRaaS adoption is increasing year on year and is being important aspect for all the computing enterprises due to their data dependency businesses, as devices, systems, and networks become more complex, leads to more probability of breakdown. The solutions and services provided for disaster recovery are through cloud to reduce the operational and capital expenses incurred.
DRaaS market is broadly segmented by solution, services, organization size, end-users and geography. The solution segmented further consist of disaster planning and testing, real-time replication, backup solutions, and data security and compliance. While some of the key services of DRaaS include consulting and system integration, support and maintenance, managed service. The market is also segmented by organization size such as small and medium business and large enterprises.
The key players in the market include Honeywell International Inc., Lockheed Martin Corporation, Motorola Solutions, Rockwell Collins, and Siemens AG. Iridium Communication and Telecommunication Systems are among the other players.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Disaster Recovery as a Service Market Landscape
4.1 Overview
4.2 Definitions
4.3 Market Segmentation
4.3.1 By Services
4.3.2 By Solution
4.3.3 By Organization Size
4.3.4 By End-users
4.3.5 By Regions
4.3.5.1 By Countries
4.4 Value Chain Analysis
5 Disaster Recovery as a Service Market - Key Industry Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
6 Disaster Recovery as a Service Market - Five Forces Analysis
6.1 Porters Five Forces Analysis
6.1.1 Bargaining Power of Suppliers
6.1.2 Bargaining Power of Buyers
6.1.3 Threat of Substitutes
6.1.4 Threat of New Entrants
6.1.5 Degree of Competition
7 Disaster Recovery as a Service Market - Competitive Landscape
7.1 Global Disaster Recovery as a Service Market Sales Revenue (US$ Bn), 2014 - 2025
7.2 Disaster Recovery as a Service Market - Market Share Analysis of Market Positioning of Key Players, 2015
7.2.1 Global Disaster Recovery as a Service Market, Market Share or Market Positioning of Key Players, 2015
7.2.2 Disaster Recovery as a Service Market, Key Players by Region
8 Global Disaster Recovery as a Service Market Revenue and Forecasts to 2028 - Solution
8.1 Overview
8.1.1 Segment Share (%), 2015 & 2025
8.2 Disaster Planning and Testing
8.2.1 Overview
8.2.2 Global Disaster Planning and Testing Market Revenue and Forecasts to 2028 (US$ Bn)
8.3 Real-Time Replication
8.3.1 Overview
8.3.2 Global Real-Time Replication Market Revenue and Forecasts to 2028 (US$ Bn)
8.4 Backup Solutions
8.4.1 Overview
8.4.2 Global Backup Solutions Market Revenue and Forecasts to 2028 (US$ Bn)
8.5 Data Security and Compliance
8.5.1 Overview
8.5.2 Global Data Security and Compliance Market Revenue and Forecasts to 2028 (US$ Bn)
9 Global Disaster Recovery as a Service Market Revenue and Forecasts to 2028 - Services
9.1 Overview
9.1.1 Segment Share (%), 2015 & 2025
9.2 Consulting and System Integration
9.2.1 Overview
9.2.2 Global Consulting and System Integration Market Revenue and Forecasts to 2028 (US$ Bn)
9.3 Support and Maintenance
9.3.1 Overview
9.3.2 Global Support and Maintenance Market Revenue and Forecasts to 2028 (US$ Bn)
9.4 Managed Service
9.4.1 Overview
9.4.2 Global Managed Services Market Revenue and Forecasts to 2028 (US$ Bn)
10 Global Disaster Recovery as a Service Market Revenue and Forecasts to 2028 - Organization Size
10.1 Overview
10.1.1 Segment Share (%), 2015 & 2025
10.2 Small Business
10.2.1 Overview
10.2.2 Global Small Business Market Revenue and Forecasts to 2028 (US$ Bn)
10.3 Medium Business
10.3.1 Overview
10.3.2 Global Medium Business Market Revenue and Forecasts to 2028 (US$ Bn)
10.4 Enterprise Level
10.4.1 Overview
10.4.2 Global Enterprise Level Market Revenue and Forecasts to 2028 (US$ Bn)
11 Global Disaster Recovery as a Service Market Revenue and Forecasts to 2028 - End-users
11.1 Overview
11.1.1 Segment Share (%), 2015 & 2025
11.2 BFSI
11.2.1 Overview
11.2.2 Global BFSI Market Revenue and Forecasts to 2028 (US$ Bn)
11.3 Telecommunication and IT
11.3.1 Overview
11.3.2 Global Telecommunication and IT Market Revenue and Forecasts to 2028 (US$ Bn)
11.4 Retail and Wholesale
11.4.1 Overview
11.4.2 Global Retail and Wholesale Market Revenue and Forecasts to 2028 (US$ Bn)
11.5 Healthcare
11.5.1 Overview
11.5.2 Global Healthcare Market Revenue and Forecasts to 2028 (US$ Bn)
11.6 Entertainment
11.6.1 Overview
11.6.2 Global Entertainment Market Revenue and Forecasts to 2028 (US$ Bn)
11.7 Government
11.7.1 Overview
11.7.2 Global Government Market Revenue and Forecasts to 2028 (US$ Bn)
11.8 Education
11.8.1 Overview
11.8.2 Global Education Market Revenue and Forecasts to 2028 (US$ Bn)
11.9 Manufacturing
11.9.1 Overview
11.9.2 Global Manufacturing Market Revenue and Forecasts to 2028 (US$ Bn)
11.10 Others
11.10.1 Overview
11.10.2 Global Others Market Revenue and Forecasts to 2028 (US$ Bn)
12 Global Disaster Recovery as a Service Market Revenue and Forecasts to 2028 - Geographical Analysis
12.1 Overview
12.1.1 Segment Share (%), 2015 & 2025
12.2 North America
12.2.1 Overview
12.2.1.1 Segment Share (%), 2015 & 2025
12.2.2 U.S.
12.2.2.1 U.S. Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.2.3 Canada
12.2.3.1 Canada Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.2.4 Mexico
12.2.4.1 Mexico Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.3 Europe
12.3.1 Overview
12.3.1.1 Segment Share (%), 2015 & 2025
12.3.2 France
12.3.2.1 France Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.3.3 Germany
12.3.3.1 Germany Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.3.4 Italy
12.3.4.1 Italy Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.3.5 Spain
12.3.5.1 Spain Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.3.6 U.K
12.3.6.1 U.K Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.3.7 Rest of Europe
12.3.7.1 Rest of Europe Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.4 Asia Pacific (APAC)
12.4.1 Overview
12.4.1.1 Segment Share (%), 2015 & 2025
12.4.2 Australia
12.4.2.1 Australia Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.4.3 China
12.4.3.1 China Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.4.4 India
12.4.4.1 India Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.4.5 Japan
12.4.5.1 Japan Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.4.6 Rest of APAC
12.4.6.1 Rest of APAC Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.5 Middle East & Africa (MEA)
12.5.1 Overview
12.5.1.1 Segment Share (%), 2015 & 2025
12.5.2 Saudi Arabia
12.5.2.1 Saudi Arabia Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.5.3 South Africa
12.5.3.1 South Africa Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.5.4 UAE
12.5.4.1 UAE Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.5.5 Rest of MEA
12.5.5.1 Rest of MEA Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.6 South America (SAM)
12.6.1 Overview
12.6.1.1 Segment Share (%), 2015 & 2025
12.6.2 Brazil
12.6.2.1 Brazil Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
12.6.3 Rest of SAM
12.6.3.1 Rest of SAM Disaster Recovery as a Service Market Revenue Forecasts to 2028 (US$ Bn)
13 Global Disaster Recovery as a Service Market, Key Company Profiles
13.1 IBM Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Financial Overview
13.1.4 SWOT Analysis
13.1.5 Key Developments
13.2 Hewlett-Packard Enterprise
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Financial Overview
13.2.4 SWOT Analysis
13.2.5 Key Developments
13.3 Microsoft Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Financial Overview
13.3.4 SWOT Analysis
13.3.5 Key Developments
13.4 Amazon Web Services, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Financial Overview
13.4.4 SWOT Analysis
13.4.5 Key Developments
13.5 VMWare, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Financial Overview
13.5.4 SWOT Analysis
13.5.5 Key Developments
13.6 Verizon Terremark
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Financial Overview
13.6.4 SWOT Analysis
13.6.5 Key Developments
13.7 NTT Communication Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Financial Overview
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 Rackspace Hosting, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Financial Overview
13.8.4 SWOT Analysis
13.8.5 Key Developments
13.9 Sungard Availability Services
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Financial Overview
13.9.4 SWOT Analysis
13.9.5 Key Developments
13.10 Iland Internet Solution Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Financial Overview
13.10.4 SWOT Analysis
13.10.5 Key Developments
14 Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Methodology
14.3.1 Coverage
14.3.2 Secondary Research
14.3.3 Primary Research
14.4 Contact Us
14.5 Disclaimer
- IBM Corporation
- Hewlett-Packard Enterprise
- Microsoft Corporation
- Amazon Web Services, Inc.
- VMWare, Inc.
- Verizon Terremark
- NTT Communication Corporation
- Rackspace Hosting, Inc.
- Sungard Availability Services
- Iland Internet Solution Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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