DRaaS systems are widely employed in a variety of industries, including banking, financial services and insurance (BFSI), IT & communications, and healthcare, due to their flexibility and affordability.
A growing number of cloud-based enterprises are driving up demand for the disaster recovery-as-a-service market. The adoption of digitization is growing among businesses globally.
As a result of an increase in cybercrime, businesses are strengthening the security of their networks.
Since most businesses store their data on cloud servers, many are concerned about data breaches. In case of any natural disasters, the DRaaS facilitates business continuity by offering efficient data recovery from any location. It is a cloud-based solution, wherein one can access any system from any location, provided with an internet connection. Disaster Recovery-as-a-Service (DRaaS) helps the organization in recovering the data loss caused by any event, man-made or natural. The global Disaster Recovery-as-a-Service (DRaaS) market was valued at $6,486.5 million in 2021, and is anticipated to reach $60,404.3 million by 2031, growing at a CAGR of 23.9% from 2022 to 2031.ĭisaster Recovery-as-a-Service is a backup service model that uses cloud services to protect the data and applications from the disruption that may be caused due to disasters such as floods, hardware failure, data breaches, hurricanes, and many others.
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