New York, United States, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Disaster recovery solution is a crucial part of any recovery process when a disaster strike. Nowadays, many organizations have realized the need for an IT disaster recovery (DR) plan, which is positively influencing the market growth. A good disaster recovery plan allows the business to run continuously even in case of disasters and negative events. A steady rise in cybersecurity attacks and an ever-changing IT landscape have shaped the disaster recovery market in recent years. With technological advancements, the disaster recovery solution market has evolved rapidly.
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Segmental Insights
Based on Type, disaster recovery solution market is segmented into backup and recovery, real-time replication, data protection, and professional services. Backup and recovery segment is expected to hold the largest market share over the forecast period, mainly attributed to the low-cost advantages they offer and their increasing demand in businesses with low IT budgets.
Based on Deployment, the market is segmented into private cloud, public cloud, and hybrid cloud. Hybrid cloud is expected to dominate the disaster recovery solution market, as it enables the user to utilize on-premise software and hardware appliances, along with the recovery services in the cloud.
Based on Organization Size, the market is segmented into SMEs and large enterprises. Many large enterprises are making heavy IT investments, which will allow the segment to grow at the highest CAGR.
By End User, disaster recovery solution market is segmented into BFSI, consumer goods and retails, government and public sector, healthcare and life sciences, manufacturing, media and entertainment, telecommunication, and others. BFSI is likely to hold the largest market share, due to increasing regulations by governments to ensure appropriate implementation of disaster recovery solutions in business continuity strategies.
Report Scope
| Report Metric | Details |
| Market Size | USD 115.36 Billion by 2030 |
| CAGR | 34.5% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Deployment Type, Organization Size, End User, Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Microsoft Corporation, Recovery Point Systems, BluelockLLC, TierPointLLC, IBM Corporation, SungardAS, C&W Business, Expedient Holdings USA LLC, and CloudHPT. |
| Key Market Drivers | The adoption of cloud-based disaster recovery solutions to curb the challenges posed during infrastructural failures. |
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Regional Insights
Geographically, the disaster recovery solution market is segmented into North America, Europe, Asia Pacific, and LAMEA.
North America is expected to hold a significant market share during the forecast period, owing to the presence of key players in the region. Europe is one of the prominent regions due to the early adoption of technology. Asia Pacific is expected to witness the highest growth, attributed to increasing IT investments in developing countries such as China and India. LAMEA is anticipated to flourish at a considerable growth rate over the forecast period.
Key Highlights
- The global disaster recovery solution market size is projected to reach USD 115.36 billion by 2030 at a CAGR of 34.5% from 2022 to 2030.
- Backup and recovery segment is expected to hold the largest market share over the forecast period.
- Hybrid cloud is expected to dominate the disaster recovery solution market
- North America is expected to hold a greater share in the disaster recovery solution market.
Some of the key market players of the disaster recovery solution market are
- Microsoft Corporation
- Recovery Point Systems
- BluelockLLC
- TierPointLLC
- IBM Corporation
- SungardAS
- C&W Business
- Expedient Holdings USA LLC
- CloudHPT
The disaster recovery solution market has numerous players, including established players and regional/local players employed to a limited number of clients. The presence of numerous players makes the market competitive and fragmented.
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Disaster Recovery Solution Market: Segmentation
By Type
- Backup and Recovery
- Real-Time Replication
- Data Protection
- Professional Services
- Training, Education, and Consulting
- Support and Maintenance
By Deployment Type
- Private Cloud
- Public Cloud
- Hybrid Cloud
By Organization Size
- SMEs
- Large Enterprises
By End User
- BFSI
- Consumer Goods and Retails
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Telecommunication and IT
- Others
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Market Overview
3.1 Report Segmentation & Scope
3.2 Value Chain Analysis: Disaster Recovery Solution Market
3.3 Key Market Trends
3.3.1 Drivers
3.3.2 Restraints
3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitution
3.4.4 Threat of New Entrants
3.4.5 Competitive Rivalry
3.5 Market Share Analysis
4 Type Overview
4.1 Introduction
4.1.1 Market Size & Forecast
4.2 Backup and Recovery
4.2.1 Market Size & Forecast
4.3 Real-time Replication
4.3.1 Market Size & Forecast
4.4 Data Protection
4.4.1 Market Size & Forecast
4.5 Professional Services
4.5.1 Market Size & Forecast
4.6 Training, Education, and Consulting
4.6.1 Market Size & Forecast
4.7 Support and Maintenance
4.7.1 Market Size & Forecast
5 Deployment Model Overview
5.1 Introduction
5.1.1 Market Size & Forecast
5.2 Private Cloud
5.2.1 Market Size & Forecast
5.3 Public Cloud
5.3.1 Market Size & Forecast
5.4 Hybrid Cloud
5.4.1 Market Size & Forecast
6 Organization Size Overview
6.1 Introduction
6.1.1 Market Size & Forecast
6.2 SMEs
6.2.1 Market Size & Forecast
6.3 Large enterprise
6.3.1 Market Size & Forecast
7 End User Overview
7.1 Introduction
7.1.1 Market Size & Forecast
7.2 BFSI
7.2.1 Market Size & Forecast
7.3 Consumer Goods and Retail
7.3.1 Market Size & Forecast
7.4 Government and Public Sector
7.4.1 Market Size & Forecast
7.5 Healthcare and Life Sciences
7.5.1 Market Size & Forecast
7.6 Manufacturing
7.6.1 Market Size & Forecast
7.7 Media and Entertainment
7.7.1 Market Size & Forecast
7.8 Telecommunication and IT
7.8.1 Market Size & Forecast
7.9 Others
7.9.1 Market Size & Forecast
8 Regional Overview
8.1 Introduction
8.1.1 Market Size & Forecast
8.2 North America
8.2.1 Market Size & Forecast
8.2.2 U.S.
8.2.2.1 Type
8.2.2.2 By End User
8.2.3 Canada
8.2.3.1 Type
8.2.3.2 By End User
8.2.4 Mexico
8.2.4.1 Type
8.2.4.2 By End User
8.3 Europe
8.3.1 Market Size & Forecast
8.3.2 Germany
8.3.2.1 Type
8.3.2.2 By End User
8.3.3 France
8.3.3.1 Type
8.3.3.2 By End User
8.3.4 UK
8.3.4.1 Type
8.3.4.2 By End User
8.3.5 Italy
8.3.5.1 Type
8.3.5.2 By End User
8.3.6 Spain
8.3.6.1 Type
8.3.6.2 By End User
8.3.7 Rest of Europe
8.3.7.1 Type
8.3.7.2 By End User
8.4 Asia Pacific
8.4.1 Market Size & Forecast
8.4.2 Japan
8.4.2.1 Type
8.4.2.1 By End User
8.4.3 China
8.4.3.1 Type
8.4.3.2 By End User
8.4.4 Australia
8.4.4.1 Type
8.4.4.2 By End User
8.4.5 India
8.4.5.1 Type
8.4.5.2 By End User
8.4.6 South Korea
8.4.6.1 Type
8.4.6.2 By End User
8.4.7 Rest of Asia-Pacific
8.4.7.1 Type
8.4.7.2 By End User
8.5 LAMEA
8.5.1 Market Size & Forecast
8.5.2 Saudi Arabia
8.5.2.1 Type
8.5.2.2 By End User
8.5.3 South Africa
8.5.3.1 Type
8.5.3.2 By End User
8.5.4 Brazil
8.5.4.1 Type
8.5.4.2 By End User
8.5.5 Rest of LAMEA
8.5.5.1 Type
8.5.5.2 By End User
9 Company Profile
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Recent Developments
9.1.4 Product Portfolio
9.2 Recovery Point Systems
9.2.1 Company Overview
9.2.2 Financial Performance
9.2.3 Recent Developments
9.2.4 Product Portfolio
9.3 BluelockLLC
9.3.1 Company Overview
9.3.2 Financial Performance
9.3.3 Recent Developments
9.3.4 Product Portfolio
9.4 TierPointLLC
9.4.1 Company Overview
9.4.2 Financial Performance
9.4.3 Recent Developments
9.4.4 Product Portfolio
9.5 IBM Corporation
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Recent Developments
9.5.4 Product Portfolio
9.6 SungardAS
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Recent Developments
9.6.4 Product Portfolio
9.7 C&W Business
9.7.1 Company Overview
9.7.2 Financial Performance
9.7.3 Recent Developments
9.7.4 Product Portfolio
9.8 Expedient Holdings USA LLC
9.8.1 Company Overview
9.8.2 Financial Performance
9.8.3 Recent Developments
9.8.4 Product Portfolio
9.9 CloudHPT
9.9.1 Company Overview
9.9.2 Financial Performance
9.9.3 Recent Developments
9.9.4 Product Portfolio
Table of Content and Figure @ https://straitsresearch.com/report/disaster-recovery-solution-market/toc
Market News
- IBM launched the IBM cloud private software in October 2017 to empower companies to create on-premise cloud capabilities and accelerate the app development domain.
News Media
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