Global Disaster Recovery Solutions Market by Type (Backup&Recovery, Real-Time Replication, Data Protection, Professional Services), By Application (Government, Manufacturing, IT & Telecom, Media) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global disaster recovery solutions market is expected to grow from USD 9.02 billion in 2018 to USD 16.78 billion by 2030, at a CAGR of 7.5% from 2018 to 2030. The growth of the global disaster recovery solutions market can be attributed to the increasing demand for cloud-based disaster recovery services and the growing need for data protection and real-time replication solutions. However, lack of awareness about the benefits of using disaster recovery solutions may restrain the growth of this market during the forecast period. On basis on type, backup &recovery segment is expected to hold largest share in global Disaster Recovery Solutions Market during forecast period due its ability protect an organization’s critical data and applications from any unexpected disasters or disruptions which might occur either internally or externally . On basis on application, government sector is expected grow with highest CAGR during forecast period owing stringent compliance regulations across globe coupled with rising number cyberattacks in public sector organizations . North America held largest share in Disaster Recovery Solutions Market in 2017 followed by Europe; however Asia Pacific is projected to grow at highest rate over next decade owing rapid adoption cloud services along with increasing number SMEs In terms of revenue , Global Disaster Recovery Solutions Market was dominated by North America region followed by Europe.



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Product Definition:

A Disaster Recovery Solution is a plan or set of processes that are put in place to allow a business to resume operations after a disaster. This can include things like backup and recovery plans, data replication, and emergency procedures. The importance of having a Disaster Recovery Solution cannot be overstated. A disaster can have a devastating impact on a business, both financially and operationally. Having a solid Disaster Recovery Solution in place can help minimize the damage caused by such an event and help get the business back up and running as quickly as possible.

Backup&Recovery:

Backup and recovery is a process of saving current data from one or more devices or media to another device or media for restoring in case of any problem with the original. It helps to protect important data which cannot be lost due to system crash, hardware failure, power outage etc. In addition, it also helps in reducing operating expenses as tapes and other storage devices are generally very expensive whereas cloud based solutions can store unlimited amounts of data without the need for additional capacity purchase.

Real-Time Replication:

Real-Time Replication (RTR) is a technique used to replicate data from one site to another in real-time. It uses software and hardware components such as replication controllers, database mirrors, and database copies. The basic RTR model has three components namely source, destination, and copy; where the source component is responsible for generating the data that needs to be replicated while the destination component stores the replica of source component.

Application Insights:

The government application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The need to maintain continuity of operations at reduced costs during emergencies is expected to drive this growth. The media and entertainment industry are also anticipated to witness significant growth owing to frequent data loss and system failures caused due by natural disasters such as earthquakes, floods, etc. Increasing use of cloud-based applications has led to increased data loss which needs constant backup in case of system failure or disaster recovery situation leading professionals from various industries including media & entertainment are opting for professional DR solutions thereby driving the global demand further.

The manufacturing sector was one of the prominent sectors that witnessed a decline post-2016 earthquake in Mexico City affecting several companies across different industries worldwide which necessitated them seek out reliable partners capable of providing efficient disaster recovery solutions thus propelling market demand globally over the forecast period.

Regional Analysis:

The Asia Pacific region is anticipated to witness the highest growth rate owing to increasing IT and telecom investments in countries such as China, India, and Japan. The growing number of mobile internet users has increased the demand for disaster recovery solutions in this region. Moreover, an increase in cloud-based services has led to a rise in storage requirements which will further drive the regional market over the forecast period.

North America accounted for more than 25% revenue share of 2016 due to early adoption of technologies such as virtualization and cloud computing that are now widely adopted across various industries worldwide. However, Europe is expected to emerge as a prominent regional market over the forecast period owing its mature infrastructure & banking sector that have been through several crises (economic & political).

Growth Factors:

Increasing awareness about the benefits of disaster recovery solutions among businesses of all sizes.
The increasing number of cyber-attacks and data breaches, which has led to an increase in demand for disaster recovery solutions.
The growing trend of cloud computing and big data, which is driving businesses to adopt cloud-based disaster recovery solutions.
The increasing demand for Disaster Recovery as a Service (DRaaS) from small and medium-sized businesses (SMBs).
The rising popularity of hybrid IT architectures, which is leading organizations to deploy hybrid DR architectures that combine on-premises and cloud-based DR capabilities


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Scope Of The Report
Report Attributes
Report Details
Report Title
Disaster Recovery Solutions Market Research Report
By Type
Backup&Recovery, Real-Time Replication, Data Protection, Professional Services
By Application
Government, Manufacturing, IT & Telecom, Media
By Companies
Acxiom, Amazon Web Services, Broadcom, Carpathia Hosting, CommVault Systems, Evault, Hewlett Packard, International Business Machines, Phoenix IT Group, Recovery Point Systems, SunGard Data Systems, Verizon Communications, Windstream Communications
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.

Global Disaster Recovery Solutions Market Report Segments:
The global Disaster Recovery Solutions market is segmented on the basis of:
Types
Backup&Recovery, Real-Time Replication, Data Protection, Professional Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government, Manufacturing, IT & Telecom, Media
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Acxiom
Amazon Web Services
Broadcom
Carpathia Hosting
CommVault Systems
Evault
Hewlett Packard
International Business Machines
Phoenix IT Group
Recovery Point Systems
SunGard Data Systems
Verizon Communications
Windstream Communications



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Highlights of The Disaster Recovery Solutions Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Backup&Recovery
Real-Time Replication
Data Protection
Professional Services
By Application:
Government
Manufacturing
IT & Telecom
Media
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Disaster Recovery Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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