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Disaster Recovery as a Service (DRaaS) Market Share

Report ID: GMI6892
Published Date: Oct 2023
Report Format: PDF

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Disaster Recovery as a Service Market Share

Major companies operating in the Disaster Recovery as a Service (DRaaS) industry are:

Amazon Web Services, Inc. (AWS)
Dell Technologies Inc.
IBM Corporation
Microsoft Corporation
NTT Communications Corporation
Sungard Availability Services
VMware Inc.

IBM Corporation and Amazon Web Services, Inc. (AWS) are dominating the market, accounting for a collective revenue share of around 16%. These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative solutions and garner the maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of disaster recovery as a service (DRaaS) reached USD 11.5 billion in 2022 and is set to grow at over 22% CAGR from 2023 to 2032, favored by the growing awareness of data security.

The BFSI segment held around 25% market share in 2022, as financial institutions are increasingly collaborating with DRaaS providers to fortify their organization sizes.

North America market with a share of over 34% in 2022, led by the robust technology infrastructure and advanced IT framework facilitates in the region.

Amazon Web Services, Inc. (AWS), Dell Technologies Inc., IBM Corporation, Microsoft Corporation, NTT Communications Corporation, Sungard Availability Services, and VMware Inc.