Cloud Disaster Recovery Market Grows with Demand for Data Resilience for Quick Recovery from Disruptions

Cloud Disaster Recovery Market expands as businesses invest in solutions to ensure data protection and business continuity.

AUSTIN, TEXAS, UNITED STATES, May 22, 2024 /EINPresswire.com/ -- Market Scope and Overview

The SNS Insider report reveals a Cloud Disaster Recovery Market size of USD 9.40 billion in 2023 and reaching a projected value of USD 55.63 billion by 2031, with an anticipated growth rate of 24.89% from 2024 to 2031.

The integration of AI into Cloud Disaster Recovery presents a multitude of opportunities. Machine learning capabilities automate threat detection and anomaly recognition, enabling proactive mitigation of security breaches. AI can analyze vast data backups, pinpointing crucial information for prioritization during recovery, streamlining restoration and minimizing data loss. Furthermore, AI can continuously optimize disaster recovery plans, predicting potential risks and suggesting adjustments to ensure the most efficient response.

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Some of the Major Key Players Studied in this Report are:

➤ International Business Machines Corporation (IBM)
➤ Microsoft Corporation
➤ Amazon Web Services
➤ Hewlett Packard Enterprise (HPE) Company
➤ Dell Technologies
➤ NTT Data Corporation
➤ Seagate Technology
➤ Netapp
➤ Unitrends
➤ Cable & Wireless Communications Ltd
➤ Other Players

Segment Analysis: A Multifaceted Approach to Disaster Recovery

The Cloud Disaster Recovery Market can be segmented by service type and deployment model, each catering to specific needs. By service type, data protection forms the foundation, securing data at rest and holding the largest market share around 35%. Real-time replication ensures continuous data synchronization for immediate recovery 30%. Backup and recovery services, crucial for restoring lost data, capture approximately 20% of the market. Finally, professional services, encompassing strategy, implementation, and ongoing support, account for the remaining 15%. This breakdown emphasizes the importance of a holistic approach, where robust data protection underpins real-time replication and efficient backup and recovery, all guided by expert professional services.

The market further segments by deployment model, with distinct advantages for each. Private clouds, favored for their high security and control, cater to businesses handling sensitive data and hold a 25% share. Public clouds, boasting scalability and cost-effectiveness 40% share, are ideal for fluctuating workloads. Hybrid clouds 35% share combine the strengths of both, providing flexibility and optimized resource allocation. This strategic selection empowers businesses to prioritize security, scalability, or a balance between the two, shaping their disaster recovery strategy.

Market Segmentation and Sub-Segmentation Included Are:

On The Basis of Service Type:

➤ Data Protection
➤ Real-Time Replication
➤ Backup & Recovery
➤ Professional Services

On The Basis of Deployment Model:

➤ Private Cloud
➤ Public Cloud
➤ Hybrid Cloud

On The Basis of Organization Size:

➤ Small & Medium-Sized Enterprises
➤ Large Enterprises

On The Basis of Industry Vertical:

➤ BFSI
➤ Retail and Goods
➤ Government and Public Sector
➤ Manufacturing
➤ Healthcare and Life Sciences
➤ Media and Entertainment
➤ Others

The Russia-Ukraine War Impact on the Cloud Disaster Recovery Market

The Russia-Ukraine war has had an undeniable impact on the Cloud Disaster Recovery (DR) market, presenting both challenges and opportunities. On one hand, the conflict has heightened awareness of cyber threats and physical disruptions, potentially driving demand for Cloud Disaster Recovery solutions by up to 20% according to industry estimates. Businesses, witnessing the vulnerability of on-premise infrastructure, are increasingly recognizing the value of cloud-based backups and failover capabilities. This surge in demand is reflected in rising Cloud Disaster Recovery adoption rates, particularly in regions bordering the conflict zone.

However, the war has also introduced cost pressures. Sanctions and supply chain disruptions have led to fluctuations in cloud service pricing, with some providers adjusting costs based on data storage location and bandwidth requirements. This can make it challenging for businesses to accurately predict Cloud Disaster Recovery expenses. Despite these hurdles, the long-term outlook for the Cloud Disaster Recovery market remains positive. The war's emphasis on business continuity is likely to translate into sustained demand for strong disaster recovery solutions, leading to continued market growth.

Key Regional Developments

North America is projected to hold the maximum share 40% by 2031 due to the presence of major cloud service providers and strong government initiatives promoting data security. Europe follows closely at 30%, driven by stringent data protection regulations like GDPR. Asia-Pacific is expected to be the fastest-growing region CAGR exceeding 27% due to rapid digitization and government programs like China's "Cloud Computing Service Development Plan." These regional variations highlight the interplay between technological advancements, regulatory environments, and government support in shaping the Cloud Disaster Recovery landscape.

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Recent Developments

In July 2022: IBM released an update to its Cloud Pak for Data (version 4.5.1), introducing features that streamline backup and disaster recovery for businesses using the IBM Cloud. This update signifies IBM's commitment to enhancing its Cloud Disaster Recovery offerings and catering to the evolving needs of its customers.

In February 2022: VMware's cloud-based disaster recovery solution received validation from Otava, a leading provider of hybrid cloud solutions. This validation assures users of Otava's compatibility and expertise in deploying VMware's disaster recovery solution. Such collaborations between leading technology providers foster trust and accelerate the adoption of Cloud Disaster Recovery solutions.

Key Takeaways

➤ Gain information into the key factors propelling market growth, such as the increasing adoption of cloud computing, the rising threat of cyberattacks, and the growing importance of business continuity.

➤ Explore the potential of AI-powered automation and advanced threat detection in revolutionizing Cloud Disaster Recovery

➤ Leverage the segment analysis to identify the most suitable Cloud Disaster Recovery service type and deployment model for your specific business needs.

➤ Be informed about the latest advancements and market trends to make future-proof disaster recovery decisions.

The Cloud Disaster Recovery Market is poised for continued expansion. Rising concerns about cyberattacks, data breaches, and natural disasters will propel the adoption of Cloud Disaster Recovery solutions. The increasing reliance on cloud-based infrastructure further strengthens the market's potential. Moreover, advancements in AI and machine learning will continue to enhance Cloud Disaster Recovery capabilities, offering improved automation, threat detection, and data recovery efficiency. This confluence of factors will likely propel the Cloud Disaster Recovery Market to even greater heights in the years to come.

Table of Contents- Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Challenges

4. Impact Analysis
4.1. Impact of Ukraine- Russia war
4.2. Impact of Ongoing Recession on Major Economies

5. Value Chain Analysis

6. Porter’s 5 Forces Model

7. PEST Analysis

8. Cloud Disaster Recovery Market Segmentation, by Service Type
8.1. Data Protection
8.2. Real-Time Replication
8.3. Backup & Recovery
8.4. Professional Services

9. Cloud Disaster Recovery Market Segmentation, by Deployment Model
9.1. Private Cloud
9.2. Public Cloud
9.3. Hybrid Cloud

10. Cloud Disaster Recovery Market Segmentation, by Organization Size
10.1. Small & Medium-Sized Enterprises
10.2. Large Enterprises

11. Cloud Disaster Recovery Market Segmentation, by Industry Vertical
11.1. BFSI
11.2. Retail and Goods
11.3. Government and Public Sector
11.4. Manufacturing
11.5. Healthcare and Life Sciences
11.6. Media and Entertainment
11.7. Others

12. Regional Analysis
12.1. Introduction
12.2. North America
12.3. Europe
12.4. Asia-Pacific
12.5. The Middle East & Africa
12.6. Latin America

13. Company Profile

14. Competitive Landscape
14.1. Competitive Benchmarking
14.2. Market Share Analysis
14.3. Recent Developments

15. USE Cases and Best Practices

16. Conclusion

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