#Disaster #RecoveryAsAService #Market #Reach
Portland, OR , Oct. 24, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global disaster recovery-as-a-service market generated $6.5 billion in 2021, and is projected to reach $60.4 billion by 2031, growing at a CAGR of 23.9% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $6.5 billion |
| Market Size in 2031 | $60.4 billion |
| CAGR | 23.9% |
| No. of Pages in Report | 320 |
| Segments Covered | Operating model, service type, deployment mode, organization size, end-use industry, and region. |
| Drivers | Increase in the standard of living |
| Growth in the prevalence of problematic events by the organizations such as cyber-attacks, blackouts, and others | |
| Opportunities | surge in need for a service that ensures continuity to the businesses and protecting their crucial data |
| Rise in popularity of the service as it relieves organizations form tedious data recovery | |
| Restrains | Problems such as cyberattack which result in data breach |
COVID-19 Scenario:
- The outbreak of COVID-19 has had a positive impact on the growth of the global disaster recovery-as-a-service market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in increased internet penetration during the pandemic as more and more individuals and businesses around the world…
Read on GNW: Disaster Recovery-As-A-Service Market to Reach $60.4
