Disaster Recovery as a Service (DRaaS) Market

Disaster Recovery as a Service (DRaaS) Market Growth: Key Factors and Leading Companies

DRaaS market size is predicted to increase from USD 10.7 billion in 2023 to USD 26.5 billion by 2028, with a compound yearly growth rate (CAGR) of 19.8% during the forecast period. The DRaaS industry has grown dramatically in recent years, driven by a number of factors that highlight the critical need of data protection and business continuity for organisations worldwide. Furthermore, DRaaS is a cloud-based solution that allows businesses to quickly and efficiently recover their data and IT infrastructure during a disaster or unplanned outage, reducing disruptions and data loss.

The Disaster Recovery as a Service (DRaaS) market is experiencing significant growth fueled by several key factors:

  • Increased need for business continuity and data security
  • Rising awareness of cyber threats
  • Cost-effectiveness and scalability
  • Cloud adoption and evolving IT landscape
  • Focus on regulatory compliance
  • Improved user experience and automation

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Increased Need for Business Continuity and Data Security: Organizations are increasingly reliant on digital data and applications to function. Disruptions caused by natural disasters, cyberattacks, or even technical glitches can have severe consequences. DRaaS offers a reliable and cost-effective solution for ensuring business continuity by providing rapid recovery of critical data and applications in the event of an outage.

Rising Awareness of Cyber Threats: The growing prevalence of sophisticated cyberattacks like ransomware and data breaches has heightened awareness of the importance of robust data security. DRaaS solutions can play a crucial role in cyber resilience strategies by offering features like secure data replication, encryption, and automated recovery capabilities.

Cost-Effectiveness and Scalability: Compared to traditional disaster recovery solutions that require significant investments in infrastructure and maintenance, DRaaS offers a more cost-effective approach. Businesses only pay for the resources they use, making DRaaS a scalable solution that can adapt to changing needs.

Cloud Adoption and Evolving IT Landscape: The widespread adoption of cloud computing has driven the growth of DRaaS as well. DRaaS solutions seamlessly integrate with cloud environments, allowing businesses to leverage the scalability, flexibility, and cost benefits of the cloud for their disaster recovery needs.

Focus on Regulatory Compliance:  Many industries have regulations that mandate specific data protection and recovery standards. DRaaS solutions can help businesses comply with these regulations by providing secure data storage and reliable recovery capabilities.

Improved User Experience and Automation: DRaaS providers are continuously improving the user experience by offering intuitive interfaces and automated workflows. This makes DRaaS easier to manage and implement, even for businesses with limited IT resources.

Disaster Recovery as a Service (DRaaS) Market Share - Global Industry Landscape

Some of the leading companies in the Disaster Recovery as a Service (DRaaS) industry include:

  • Daisy (UK)
  • Databarracks (UK)
  • DARZ (Germany)
  • Datto (US)

Daisy Group (UK)

  • Market Share: Daisy Group is one of the leading IT and telecommunications service providers in the UK, serving over 84,000 customers, including large enterprises, public sector organizations, and SMEs.
  • Key Offerings:
    • Cloud Services: Public, private, and hybrid cloud solutions.
    • Data Backup and Recovery: Managed backup services and disaster recovery as a service (DRaaS).
    • Connectivity: Broadband, Ethernet, and leased lines.
    • Voice Services: VoIP, SIP trunking, and traditional telephony.
    • IT Services: Managed IT services, cybersecurity, and IT consultancy.
    • Mobile: Mobile voice and data solutions.

Databarracks (UK)

  • Market Share: Databarracks is a significant player in the UK disaster recovery and business continuity market, known for its focus on cloud-based solutions.
  • Key Offerings:
    • Disaster Recovery as a Service (DRaaS): Comprehensive disaster recovery solutions ensuring business continuity.
    • Backup as a Service (BaaS): Secure and reliable cloud backup solutions.
    • Business Continuity: Planning, implementation, and management of business continuity strategies.
    • Infrastructure as a Service (IaaS): Managed cloud hosting and infrastructure services.

DARZ (Germany)

  • Market Share: DARZ is a notable German provider of data center and cloud services, particularly known for its high-security facilities and bespoke solutions.
  • Key Offerings:
    • Colocation: Secure and scalable colocation services in high-security data centers.
    • Cloud Services: Hybrid cloud, private cloud, and multi-cloud management.
    • Backup and Disaster Recovery: Managed backup solutions and DRaaS.
    • IT Security: Comprehensive cybersecurity services.
    • Data Management: Solutions for data storage, management, and analytics.

Datto (US)

  • Market Share: Datto is a leading provider of IT solutions for managed service providers (MSPs) and has a significant presence in the global disaster recovery market.
  • Key Offerings:
    • Business Continuity and Disaster Recovery (BCDR): Integrated backup, recovery, and continuity solutions.
    • RMM (Remote Monitoring and Management): Tools for managing and monitoring IT infrastructure.
    • PSA (Professional Services Automation): Solutions for managing service delivery and operations.
    • Networking: Cloud-managed networking products.
    • SaaS Protection: Backup solutions for SaaS applications like Office 365 and G Suite.

Related Reports:

Disaster Recovery as a Service (DRaaS) Market by Service Type (Backup & Restore, Real-Time Replication, Data Protection), Deployment Mode (Public Cloud, Private Cloud), Organization Size, Vertical and Region - Global Forecast to 2028

Disaster Recovery as a Service (DRaaS) Market Size,  Share & Growth Report
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