Disaster-Recovery-as-a-Service Market Worth $23.3 Billion by 2027
Growing at a CAGR of 23.4%
The global disaster-recovery-as-a-service (DRaas) market is expected to reach $23.3 billion by 2027, according to a new study by Polaris Market Research. The report “Global Disaster Recovery as a Service (DRaaS) Market Share, Size, Trends, Industry Analysis Report, By Solution (Backup & Recovery, Real-time Replication, Data Protection, Professional); By Service Provider; By Deployment Model (Public, Private, Hybrid Cloud); By Vertical; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing need for greater flexibility, faster recovery processes, and cost-effectiveness are the key factors responsible for market growth. The demand for DRaaS market solutions is increasing rapidly as enterprises are moving toward cloud-based disaster recovery modules.