Disaster Recovery Solution Market Size is projected to

New York, United States, Oct. 19, 2022 (GLOBE NEWSWIRE) — Disaster recovery solution is a crucial part of any recovery process when a disaster strike. Nowadays, many organizations have realized the need for an IT disaster recovery (DR) plan, which is positively influencing the market growth. A good disaster recovery plan allows the business to run continuously even in case of disasters and negative events. A steady rise in cybersecurity attacks and an ever-changing IT landscape have shaped the disaster recovery market in recent years. With technological advancements, the disaster recovery solution market has evolved rapidly.

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Segmental Insights

Based on Type, disaster recovery solution market is segmented into backup and recovery, real-time replication, data protection, and professional services. Backup and recovery segment is expected to hold the largest market share over the forecast period, mainly attributed to the low-cost advantages they offer and their increasing demand in businesses with low IT budgets.

Based on Deployment, the market is segmented into private cloud, public cloud, and hybrid cloud. Hybrid cloud is expected to dominate the disaster recovery solution market, as it enables the user to utilize on-premise software and hardware appliances, along with the recovery services in the cloud.

Based on Organization Size, the market is segmented into SMEs and large enterprises. Many large enterprises are making heavy IT investments, which will allow the segment to grow at the highest CAGR. 

By End User, disaster recovery solution market is segmented into BFSI, consumer goods and retails, government and public sector, healthcare and life sciences, manufacturing, media and entertainment, telecommunication, and others. BFSI is likely to hold the largest market share, due to increasing regulations by governments to…