Disaster Recovery as a Service Market by Service Type (Backup & Recovery, Real-Time Replication, Data Protection, and Professional Services), Service Provider, Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2022
[136 Pages Report] The Disaster Recovery as a Service (DRaaS) market size was USD 1.72 Billion in 2016, which is projected to reach USD 12.54 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 41.8% during the forecast period (20172022). DRaaS enables replication of data and application to ensure business continuity in the event of a disaster. With an increasing adoption rate of cloud-based solutions among Small and Medium-sized Enterprises (SMEs), the Disaster Recovery as a Service market is expected to grow rapidly. The base year considered for this study is 2016 and the forecast period considered is 20172022.
Objectives of the Study
- To describe and forecast the global Disaster Recovery as a Service market by service types, providers, deployment models, organization size, industry verticals, and regions
- To forecast the market size of the 5 main regional segments: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To analyze subsegments with respect to individual growth trends, prospects, and contribution to the total market
- To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players
- To strategically profile key players and comprehensively analyze their core competencies and positioning
- To track and analyze competitive developments, such as Mergers & Acquisitions (M&A), new product developments, and partnerships & collaborations, in the market
The research methodology used to estimate and forecast the Disaster Recovery as a Service market begins with capturing data on key vendors revenues through secondary research, such as Cloud Computing Association, Associations of Financial Professional, and Information System Security Association. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global DRaaS market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were then employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:
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The Disaster Recovery as a Service market ecosystem comprises major DRaaS providers, such as Amazon Web Services (Washington, US), Cable & Wireless Communications Limited (London, UK), IBM Corporation (Armonk, New York, US), SunGard Availability Services (Pennsylvania, US), TierPoint, LLC (Missouri, US), and VMware Inc. (California, US). Other stakeholders of the DRaaS market include systems integrators, application designers and development service providers, and network service providers.
Key Target Audience for Disaster Recovery as a Service Market
- DRaaS solution providers
- Cloud vendors
- Application design and development service providers
- System integrators/migration service providers
- Consultancy firms/advisory firms
- Training and education service providers
- Data integration service providers
- Managed service providers
- Data quality service providers
The research study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.
Scope of the Report
The research report categorizes the cloud backup market to forecast the revenues and analyzes the trends in each of the following submarkets:
Disaster Recovery as a Service Market By Service Type
- Backup and Recovery
- Real-time Replication
- Data Protection
- Professional Services
- Training, Education, and Consulting
- Support and Maintenance
By Service Provider
- Cloud Service Providers
- Managed Service Providers
- Telecom and Communication Service Providers
- Others
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Vertical
- BFSI
- Consumer Goods and Retail
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and ITES
- Others
By Region
- North America
- Europe
- Asia Pacific(APAC)
- Middle East and Africa (MEA)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations based on the company-specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the North American market into countries contributing 75% to the regional market size
- Further breakdown of the Latin American market into countries contributing 75% to the regional market size
- Further breakdown of the APAC market into countries contributing 75% to the regional market size
- Further breakdown of the MEA market into countries contributing 75% to the regional market size
- Further breakdown of the European market into countries contributing 75% to the regional market size
Company Information
- Detailed analysis and profiling of additional market players (Up to 5).
The Disaster Recovery as a Service (DRaaS) market size is expected to grow from USD 2.19 Billion in 2017 to USD 12.54 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 41.8% during the forecast period. The demand for DRaaS is majorly driven by increased flexibility and automation capabilities. With an increase in the adoption rate of cloud-based solutions among Small and Medium-sized Enterprises (SMEs), the Disaster Recovery as a Service market is expected to grow rapidly.
The cloud backup market has been segmented on the basis of service types, service providers, deployment models, organization size, verticals, and regions. The backup and recovery service segment is expected to have the largest market share and would dominate the service type of the DRaaS market from 2017 to 2022, as the segment provides cost-effective, automated, reliable, secure, and scalable solutions to enterprises and ensures business continuity in the event of a disaster. The professional services segment is expected to play a major role and would grow at the highest CAGR during the forecast period, as these services provide enterprises with training, education, and consulting, support and maintenance services depending upon business requirements.
The CSPs segment is expected to dominate the service provider segment of the Disaster Recovery as a Service market and contribute the largest market share, whereas the managed service providers (MSPs) segment is expected to grow at the fastest rate during the forecast period.
The public cloud deployment model is estimated to hold the largest market share in 2017. By using on-cloud DR services, enterprises are developing new and better ways to enhance operational benefits, while reducing costs. Lower costs and greater efficiency than traditional DRaaS software are driving the demand for DR services on cloud. The enterprises, which are implementing DRaaS, are increasingly inclined toward deploying cloud-based services to store and manage their business-critical data.
DRaaS is increasingly adopted by companies in various verticals, such as media & entertainment, government & public sector, and others, which have led to the growth of the market across the globe. The media and entertainment vertical is expected to grow at the highest rate from 2017 to 2022 in the Disaster Recovery as a Service market, whereas the Banking, Financial services, and Insurance (BFSI) vertical is estimated to dominate the market with the largest share in 2017.
North America is estimated to have the largest market share in 2017, whereas the Asia-Pacific (APAC) region is projected to grow at the highest CAGR during the forecast period in the Disaster Recovery as a Service market. An increasing need for data management services and shifting of workload to the cloud environment are driving the demand for DR services globally.
Adoption of DR services are increasing in the market, owing to the growing awareness about cloud-based backup and recovery benefits among enterprises and lowering the operational overheads. However, issue of inadequate site separation between primary and backup site and compatibility concern of certain applications in the cloud environment may restrain the growth of DRaaS market. Some of the major challenges in the DRaaS market are difficulty in achieving security and compliance, and high network bandwidth requirements.
Major vendors in the Disaster Recovery as a Service market include Amazon Web Services (Washington, US), Cable & Wireless Communications Limited (London, UK), IBM Corporation (Armonk, New York, US), SunGard Availability Services (Pennsylvania, US), Microsoft Corporation (Washington, US), iland Internet Solutions (Texas, US), Infrascale, Inc. (California, US), Bluelock, LLC (Indiana, US), Recovery Point Systems (Maryland, US), Acronis International GmbH (Massachusetts, US), TierPoint, LLC (Missouri, US), and Geminare Incorporated (California, US). These players have adopted various strategies, such as new product launches, partnerships, agreements, collaborations, mergers & acquisitions, and business expansions, to cater to the needs in the DRaaS market.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 26)
4.1 Attractive Opportunities in Disaster Recovery as a Service Market, 2017-2022
4.2 Market By Service Type, 2017
4.3 Market By Service Provider, 2017
4.4 Market By Organization Size, 2017
4.5 Market By Deployment Model, 2017
4.6 Market Top 3 Verticals, 20172022
4.7 Global DRaaS Market: Share of Top 3 Service Types and Regions, 2017
4.8 Market Investment Scenario, 20172022
5 Market Overview and Industry Trends (Page No. - 31)
5.1 Introduction
5.2 Building Blocks
5.2.1 Recovery Point Objective (RPO)
5.2.2 Recovery Time Objective (RTO)
5.2.3 DR Planning and Testing
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Cost-Effective and Fast Recovery of Data
5.3.1.2 Greater Flexibility and Automation Capabilities
5.3.1.3 Increasing Focus on Automated Change Management
5.3.2 Restraints
5.3.2.1 Compatibility Concerns Over Traditional and On-Premises Applications in Cloud Environment
5.3.3 Opportunities
5.3.3.1 Increasing Adoption of Hybrid DR
5.3.3.2 Emerging Trend of Managed Services
5.3.4 Challenges
5.3.4.1 Difficulty in Achieving Security and Compliance
5.4 Ecosystem
6 Disaster Recovery as a Service Market Analysis, By Service Type (Page No. - 36)
6.1 Introduction
6.2 Backup and Recovery
6.3 Real-Time Replication
6.4 Data Protection
6.5 Professional Services
6.5.1 Training, Education, and Consulting
6.5.2 Support and Maintenance
7 Market Analysis By Service Provider (Page No. - 43)
7.1 Introduction
7.2 Cloud Service Providers (CSPS)
7.3 Managed Service Providers (MSPS)
7.4 Telecommunications Service Providers (TSPS)
7.5 Others
8 Market Analysis By Organization Size (Page No. - 48)
8.1 Introduction
8.2 Small and Medium Enterprises (SMES)
8.3 Large Enterprises
9 Disaster Recovery as a Service Market Analysis, By Deployment Model (Page No. - 52)
9.1 Introduction
9.2 Public Cloud
9.3 Private Cloud
9.4 Hybrid Cloud
10 Market Analysis By Vertical (Page No. - 56)
10.1 Introduction
10.2 Banking, Financial Services, and Insurance (BFSI)
10.3 Consumer Goods and Retail
10.4 Government and Public Sector
10.5 Healthcare and Life Sciences
10.6 Manufacturing
10.7 Media and Entertainment
10.8 Telecommunication and Ites
10.9 Others
11 Geographic Analysis (Page No. - 65)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific (APAC)
11.4.1 China
11.4.2 Australia and New Zealand (ANZ)
11.4.3 Rest of APAC
11.5 Middle East and Africa (MEA)
11.5.1 Middle East
11.5.2 Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Mexico
11.6.3 Rest of Latin America
12 Competitive Landscape (Page No. - 87)
12.1 Market Ranking, By Key Player
13 Company Profiles (Page No. - 88)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
13.1 IBM
13.2 Microsoft
13.3 Sungard as
13.4 Iland
13.5 Infrascale
13.6 Bluelock
13.7 Recovery Point
13.8 NTT Communications
13.9 Amazon Web Services
13.10 Acronis
13.11 Cable & Wireless Communications
13.12 Tierpoint
13.13 Geminare
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 127)
14.1 Key Industry Insights
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details
List of Tables (68 Tables)
Table 1 United States Dollar Exchange Rate, 20142016
Table 2 Disaster Recovery as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 3 Market Size By Service Type, 20152022 (USD Million)
Table 4 Backup and Recovery: Market Size By Region, 20152022 (USD Million)
Table 5 Real-Time Replication: Market Size By Region, 20152022 (USD Million)
Table 6 Data Protection: Market Size By Region, 20152022 (USD Million)
Table 7 Professional Services: Market Size, By Region, 20152022 (USD Million)
Table 8 Professional Services: Market Size By Type, 20152022 (USD Million)
Table 9 Training, Education, and Consulting: DRaaS Professional Services Market Size, By Region, 20152022 (USD Million)
Table 10 Support and Maintenance: DRaaS Professional Services Market Size By Region, 20152022 (USD Million)
Table 11 Disaster Recovery as a Service Market Size By Service Provider, 20152022 (USD Million)
Table 12 CSPS: Market Size By Region, 20152022 (USD Million)
Table 13 MSPS: Market Size By Region, 20152022 (USD Million)
Table 14 TSPS: Market Size By Region, 20152022 (USD Million)
Table 15 Others: Market Size By Region, 20152022 (USD Million)
Table 16 DRaaS Market Size By Organization Size, 20152022 (USD Million)
Table 17 SMES: Market Size, By Region, 20152022 (USD Million)
Table 18 Large Enterprises: Market Size, By Region, 20152022 (USD Million)
Table 19 Disaster Recovery as a Service Market Size By Deployment Model, 20152022 (USD Million)
Table 20 Public Cloud: Market Size By Region, 20152022 (USD Million)
Table 21 Private Cloud: Market Size By Region, 20152022 (USD Million)
Table 22 Hybrid Cloud: Market Size By Region, 20152022 (USD Million)
Table 23 Disaster Recovery as a Service Market Size, By Vertical, 20152022 (USD Million)
Table 24 BFSI: Market Size By Region, 20152022 (USD Million)
Table 25 Consumer Goods and Retail: DRaaS Market Size, By Region, 20152022 (USD Million)
Table 26 Government and Public Sector: Market Size, By Region, 20152022 (USD Million)
Table 27 Healthcare and Life Sciences: Market Size, By Region, 20152022 (USD Million)
Table 28 Manufacturing: DRaaS Market Size, By Region, 20152022 (USD Million)
Table 29 Media and Entertainment: Market Size, By Region, 20152022 (USD Million)
Table 30 Telecommunication and Ites: DRaaS Market Size, By Region, 20152022 (USD Million)
Table 31 Others: Market Size, By Region, 20152022 (USD Million)
Table 32 Disaster Recovery as a Service Market Size, By Region, 20152022 (USD Million)
Table 33 North America: Market Size, By Service Type, 20152022 (USD Million)
Table 34 North America: DRaaS Professional Services Market Size, 20152022 (USD Million)
Table 35 North America: Market Size, By Service Provider, 20152022 (USD Million)
Table 36 North America: Market Size, By Organization Size, 20152022 (USD Million)
Table 37 North America: Market Size, By Deployment Model, 20152022 (USD Million)
Table 38 North America: Market Size, By Vertical, 20152022 (USD Million)
Table 39 North America: Market Size, By Country, 20152022 (USD Million)
Table 40 Europe: Disaster Recovery as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 41 Europe: Market Size, By Professional Services, 20152022 (USD Million)
Table 42 Europe: Market Size, By Service Provider, 20152022 (USD Million)
Table 43 Europe: Market Size, By Organization Size, 20152022 (USD Million)
Table 44 Europe: Market Size, By Deployment Model, 20152022 (USD Million)
Table 45 Europe: Market Size, By Vertical, 20152022 (USD Million)
Table 46 Europe: Market Size, By Country, 20152022 (USD Million)
Table 47 APAC: Disaster Recovery as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 48 APAC: Market Size, By Professional Services, 20152022 (USD Million)
Table 49 APAC: Market Size, By Service Provider, 20152022 (USD Million)
Table 50 APAC: Market Size, By Organization Size, 20152022 (USD Million)
Table 51 APAC: Market Size, By Deployment Model, 20152022 (USD Million)
Table 52 APAC: Market Size, By Vertical, 20152022 (USD Million)
Table 53 APAC: Market Size, By Country, 20152022 (USD Million)
Table 54 MEA: Disaster Recovery as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 55 MEA: Market Size, By Professional Services, 20152022 (USD Million)
Table 56 MEA: Market Size, By Service Provider, 20152022 (USD Million)
Table 57 MEA: Market Size, By Organization Size, 20152022 (USD Million)
Table 58 MEA: Market Size, By Deployment Model, 20152022 (USD Million)
Table 59 MEA: Market Size, By Vertical, 20152022 (USD Million)
Table 60 MEA: Market Size, By Country, 20152022 (USD Million)
Table 61 Latin America: Disaster Recovery as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 62 Latin America: Market Size, By Professional Services, 20152022 (USD Million)
Table 63 Latin America: Market Size, By Service Provider, 20152022 (USD Million)
Table 64 Latin America: Market Size, By Organization Size, 20152022 (USD Million)
Table 65 Latin America: Market Size, By Deployment Model, 20152022 (USD Million)
Table 66 Latin America: Market Size, By Vertical, 20152022 (USD Million)
Table 67 Latin America: Market Size, By Country, 20152022 (USD Million)
Table 68 Disaster Recovery as a Service Market: Vendor Ranking, 2017
List of Figures (33 Figures)
Figure 1 Disaster Recovery as a Service Market Segmentation
Figure 2 DRaaS Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 DRaaS Market: Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 North America to Hold Largest Share in Global DRaaS Market in 2017
Figure 8 Top 3 Revenue Segments of DRaaS Market, 2017
Figure 9 Disaster Recovery as a Service Market Analysis
Figure 10 Huge Infrastructure Development and Proliferation of Startups in APAC to Drive Market Growth
Figure 11 Backup and Recovery Segment to Hold Largest Market Share
Figure 12 CSPS Segment to Hold Largest Market Share
Figure 13 Large Enterprises Segment to Hold Larger Market Share
Figure 14 Public Cloud Segment to Hold Largest Market Share
Figure 15 BFSI Vertical to Dominate Market Throughout Forecast Period
Figure 16 Backup and Recovery Service and North America to Hold Largest Market Share (USD Million)
Figure 17 APAC to Emerge as Best Market for Investments Over Next Five Years (USD Million)
Figure 18 Disaster Recovery as a Service Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 DRaaS Ecosystem
Figure 20 Backup and Recovery Segment to Hold Largest Share in DRaaS Market During Forecast Period (USD Million)
Figure 21 Training, Education, and Consulting to Dominate DRaaS Professional Services Market During Forecast Period (USD Million)
Figure 22 CSPS Segment to Hold Largest Share in DRaaS Market During Forecast Period (USD Million)
Figure 23 Large Enterprises Segment to Hold Larger Share in DRaaS Market During Forecast Period (USD Million)
Figure 24 Public Cloud Deployment Model to Hold Largest Share in DRaaS Market During Forecast Period (USD Million)
Figure 25 BFSI Vertical to Hold Largest Share in DRaaS Market During Forecast Period (USD Million)
Figure 26 North America to Hold Largest Share in Global Disaster Recovery as a Service Market During Forecast Period (USD Million)
Figure 27 North America: DRaaS Market Snapshot
Figure 28 APAC: DRaaS Market Snapshot
Figure 29 IBM: Company Snapshot
Figure 30 Microsoft: Company Snapshot
Figure 31 NTT Communications: Company Snapshot
Figure 32 Amazon Web Services: Company Snapshot
Figure 33 Cable & Wireless Communications Company Snapshot
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Growth opportunities and latent adjacency in Disaster Recovery as a Service Market