Disaster Recovery Solutions Market, By Service Type (Data Protection, Backup and Recovery, and Real-time Replication), By Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), By Vertical (Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, IT and Telecom, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2029

The disaster recovery solutions market was valued at US$4.44 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 36.7% to reach US$104.15 billion by 2030.

Disaster recovery solutions play a pivotal role in ensuring business continuity. They enable companies to retrieve their data in the event of a system failure or other calamity. The DRaaS paradigm for cloud computing and backup services harnesses the power of the cloud to safeguard data and applications from a wide range of disasters. By providing comprehensive system backup, it empowers organizations to continue operating even in the face of a system failure or outage. The process of restoring apps to production is expedited by disaster recovery as a service, as data restoration does not necessitate internet connectivity. This is particularly beneficial for small and medium-sized companies that may lack the expertise to develop, implement, and evaluate an efficient disaster recovery plan, as they can leverage Disaster Recovery as a Service (DRaaS) to their advantage.