UNITED STATES DISASTER RECOVERY AS A SERVICE MARKET FORECAST 2022-2028

The United States Disaster Recovery as a Service market is set to record a CAGR of 27.55% during the forecast period, 2022-2028, and is estimated to reach a revenue of $17708.40 million by 2028.

The Disaster Recovery as a Service (DRaaS) market growth in the United States is driven by a large number of service providers, the growing demand for implementation, and the high awareness. Also, US organizations are among the early adopters of cloud computing. As a result, several industry players are investing in the technology.

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The US market prospects are propelled by the increasing government policies for cloud adoption, the growing demand for cybersecurity, and the rising adoption of cloud computing. Also, the country’s IT sector growth is attributed to the launch of new products and investments. The sector entails real time software, big data market, and cloud storage solutions. Additionally, the country has its own personal and data information protection laws.

Furthermore, the US cloud market growth is attributed to the presence of several US-based leading companies like Google, IBM, Microsoft, AWS, etc. In addition, the government policies for cloud adoption are contributing to the cloud market growth in the US. Moreover, cloud computing technology has a long-lasting impact and is revolutionizing every industry in the country. It has recorded three-fold growth in the US since the early 2000s. According to the Internet Association, the US cloud economy almost tripled in size in 2017 since 2002. Such factors offer growth opportunities for the United States Disaster Recovery as a Service market.

The segmentation analysis of the United States Disaster Recovery as a Service market includes service, deployment mode, industry vertical, and organization size. The industry vertical category includes banking & financial institutions, transportation & logistics, IT and telecommunications, e-commerce and retail, government, healthcare, manufacturing, and other industry verticals.

The retail & e-commerce sector is one of the booming sectors due to the surging urban population, easy availability of products through e-commerce sites, changing income levels, and purchase power parity. As a result, such factors have raised the need for efficient management of stock management systems, consolidated sales figure updates, business intelligence, etc., to recover and restore information on the ongoing retail and e-commerce processes.

Further, retail stores have shifted from brick-and-mortar stores to 24/7 virtual stores in recent years. Accordingly, e-commerce vendors primarily rely on disaster recovery services for obtaining uninterrupted and continuous business deliveries for their customers in terms of making their stores available on the internet or other virtual environments. As a result, the growing demand for immediate recovery from system slowdown and minimum interruptions during retail services are expected to influence the DRaaS market by retail growth.

Disaster planning is an important process in manufacturing industries. Also, the implementation of automated manufacturing facilities has strengthened the IT infrastructure. In addition, the regular manufacturing operations using IT technology create a large amount of digital data. This has raised the adoption of DRaaS among manufacturing firms. These help manufacturing organizations reduce the loss of vital data and crucial records. Moreover, the rising cases of data loss and the growing adoption of digital data tools in manufacturing companies propel DRaaS market growth.

Some of the eminent firms in the United States Disaster Recovery as a Service market include Microsoft Corporation, Kyndryl Holdings Inc, Zerto Ltd, VMware Inc, etc.

VMware is a technology company that offers cloud infrastructure and virtualization solutions. It provides solutions across three categories, Digital Workspace – End-User Computing (EUC), Hybrid and Multi-Cloud Computing, and Software-Defined Data Center (SDDC). The company serves healthcare, financial services, manufacturing, government, education, telecommunications, and other industries. It operates in the Middle East & Africa, Latin America, Asia-Pacific, Europe, and North America, with headquarters in Palo Alto, California, the United States.

One of its key products, VMware Cloud Disaster Recovery, facilitates optimal assessing and balancing of the cloud’s technical capabilities.

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