Disaster Recovery Solutions Market To Reach $81.15 Billion By 2030

Disaster Recovery Solutions Market Growth & Trends

The global disaster recovery solutions market size is anticipated to reach USD 81.15 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 36.3% from 2024 to 2030. The market has been experiencing a significant increase in demand owing to growing instances related to infrastructure failure, cyberattacks, natural disasters, and other internal and external threats. Unanticipated events such as these cause disruption in business operations, resulting in massive losses for organizations.

Various companies are reconsidering their plans for backup and recovery of important business applications and data over the past few years owing to increasing occurrences of planned, manmade disasters. For instance, malicious attacks such as WannaCry and Locky ransomware in 2017 led to the loss of thousands of encrypted files and systems. The government and private sectors incurred considerable financial losses owing to these attacks.

Businesses are increasingly incorporating disaster recovery (DR) solutions in their business continuity strategies, making DR plans a critical part of IT priorities. Moreover, increasing awareness about the benefits of implementing such solutions and the growing adoption of cloud-based solutions are promoting the adoption of disaster recovery solutions among SMEs.

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Disaster Recovery Solutions Market Report Highlights

• The backup and recovery segment accounted for largest revenue share of 31.2 % globally in 2023. The segmental growth is majorly attributed to availability in lower costs and increasing demand in small and medium-sized non-IT businesses with lower IT budgets. 

• Private cloud deployment is expected to grow at the fastest CAGR during the forecast period. The key factors supporting the growing popularity of private cloud deployment are enhanced security on different levels, better control and visibility of data. 

• The large enterprise size segment dominated the disaster recovery solutions market and held a revenue share of 57.5% in 2023. The growth of the segment can be attributed to the capability of large enterprises to make considerable IT investments to enhance and update their existing DR plans. 

• The government and public sector are expected to accelerate at a CAGR of 37.4% during the forecast period, 2024 to 2030. 

• North America disaster recovery market held the largest revenue share of 42.0% in 2023. The presence of giant tech companies is one of the keys drivers for regional growth.

Disaster Recovery Solutions Market Segmentation

Grand View Research has segmented the global disaster recovery solutions market based on solution type, deployment, organization size, end-use, and region:

Disaster Recovery Solutions Solution Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Backup & Recovery Solution

• Data Security

• Replication Solution

• Service

Disaster Recovery Solutions Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Hybrid Cloud

• Public Cloud

• Private Cloud

Disaster Recovery Solutions Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprise

• Small And Medium Enterprise

Disaster Recovery Solutions End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• Government & Public Sector

• Healthcare

• IT & Telecommunication

• Manufacturing

• Retail

• Others

Disaster Recovery Solutions Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

  • South Arabia

  • UAE

List Of Key Players in the Disaster Recovery Solutions Market

• Acronis International GmbH

• Cisco Systems Inc

• EMC Corporation

• Hewlett Packard Enterprise (HPE)

• IBM Corporation

• Sungard Availability Services

• Unitrends

• Microsoft Corporation

• NTT Data Corporation

• Recovery Point Systems, Inc.