DRaaS Market Rising Trends, Huge Demand, Business Strategies, Reviews by 2028

Posted by sandra k on December 15th, 2022

Disaster recovery as a service is a cloud computing service model helping organizations to back up their data and IT infrastructure. DRaaS offers networking functions, computing and storage. As DRaaS provides fast, easy and cost-effective scalability, its demand among IT sector and BFSI increases. Also, cloud-based segment of DRaaS provides more secured and encrypted data.  

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DRaaS is segmented into  various service types such as backup & recovery, real-time replication, data protection, professional, and others. Again, DRaaS is categorized based on different deployment models such as public cloud, and private cloud. Along with that, DRaaS is used in various end-use industries such as BFSI, IT, government, healthcare, etc. Furthermore, increasing investment in BFSI industry may boost the market for DRaaS. Along with that, increasing demand for the cloud-based DRaaS solutions to secure important data and provide  improved data and scalability is anticipated to grow  huge market for  DRaaS throughout the world.
 
For DRaaS, various players from several regions are investing significantly in deploying the advanced technology. North America region shows the higher and earlier adoption of DRaaS across the world. Specifically, players from advanced technology development sector are investing huge amount to increase their customer base in global DRaaS market.

Along with that many players are focusing on mergers and acquisitions strategy to strengthen their position in the global market. In addition, rising adoption of new technology in every region creates the market for DRaaS. Major key players in the DRaaS market include Microsoft Corporation, IBM Corporation, AWS, VMware, iLand Internet Solution Corporation, Recovery Point Systems Inc., Bluelock LLC, Sungard Availability Services, Axcient, Quorum, and others.

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