NORTH AMERICA DISASTER RECOVERY AS A SERVICE MARKET FORECAST 2022-2030

The North America Disaster Recovery as a Service market growth is predicted to progress at a CAGR of 23.63% during the forecast period, 2022-2030, and set to garner a revenue of $25111.08 million by 2030.

The Disaster Recovery as a Service (DRaaS) market growth in North America is driven by economic prospects, further driving the demand for software services. Also, the increasing adoption of cloud computing, the growing demand for data integration services, the rising data security threats, and the surging demand for SaaS cloud services are the primary growth drivers of the North American region.

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The North America Disaster Recovery as a Service market growth evaluation includes the assessment of Canada and the United States. Several enterprises from varied industries in the region are incorporating the cloud for more business flexibility, rigidity, and growth opportunities. As per an HBR survey, the most valued benefit of the cloud is the fast-paced adoption of trends, followed by productivity and substantial IT cost reductions. Also, the public cloud is the most preferred computing model. Accordingly, increased implementation of IT infrastructure in the cloud is expected, given the cloud’s benefits like infrastructure flexibility, scalability, cost savings, performance and reliability.

Further, the professional cloud services market growth in North America is driven by the early adoption of cloud-based networks. Also, the initial cloud computing adoption is attributed to financial factors like lower capital expenditures. In addition, the pandemic has forced businesses and corporations to change their ways of functioning and re-evaluate operational choices, leading to the deployment of new applications and the adoption of cloud-based platforms. Besides, multi-tenant, modern cloud platform services enable thousands to use the same resources, which helps save manpower and expenses. Moreover, the presence of prominent cloud operators like Google has strengthened the viability of large-scale, web-based applications offered by the cloud. Such factors are estimated to surge the need for disaster recovery services in North America, given the security concerns and performance-related issues.

The segmentation analysis of the North America Disaster Recovery as a Service market includes industry vertical, service, organization size, and deployment mode. The service segment includes professional services, backup & restore, data security services, and real time replication services.

Backup & restore is an essential component of any business disaster recovery strategy. It encompasses the methods followed by the companies, wherein they duplicate their applications and data to a different device for using the duplicated data for recovery. This is done when the original data is lost or corrupted due to natural disaster, human operational error, malware or malicious attack, power failure, etc. Companies like IBM offer IBM Cloud Backup, an agent-based, full-featured backup & recovery system managed through a responsive and intuitive web browser-based interface.

With regard to IT, the services provided by a product vendor or contractor are considered professional services. However, a professional services portfolio varies from company to company. Conventionally, the professional services portfolio entails project management, consulting, software & cloud migration, and system design. These services are offered for design, deployment, and planning through in-house teams or partners.

Some of the key companies in the North America Disaster Recovery as a Service market include Amazon Web Services Inc, Cisco Systems Inc, Recovery Point Systems Inc, SAP SE, etc.

Cisco Systems Inc sells, manufactures, and designs internet protocol (IP)-based networking and other products. The key products include antennas, wireless controllers, security products, routers, and switches. The company’s service offerings include networking, optics & transceivers, secure access service edge (SASE), enterprise network security, and intent-based networking solutions. It has operations in Asia-Pacific, the Middle East & Africa, Europe, and the Americas, with headquarters in San Jose, California, the US.

The company offers the Cisco® Disaster Recovery as a Service (DRaaS) solution architecture that facilitates cloud service providers to provide disaster services to workloads outside their management domain.

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