Disaster Recovery as a Service (DRaaS) Solutions Statistics 2024 – Everything You Need to Know

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Are you looking to add Disaster Recovery as a Service (DRaaS) Solutions to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Disaster Recovery as a Service (DRaaS) Solutions statistics of 2024.

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How much of an impact will Disaster Recovery as a Service (DRaaS) Solutions have on your day-to-day? or the day-to-day of your business? Should you invest in Disaster Recovery as a Service (DRaaS) Solutions? We will answer all your Disaster Recovery as a Service (DRaaS) Solutions related questions here.

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Best Disaster Recovery as a Service (DRaaS) Solutions Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 56 Disaster Recovery as a Service (DRaaS) Solutions Statistics on this page 🙂

Disaster Recovery as a Service (DRaaS) Solutions Market Statistics

  • Overall, the global DRaaS market is worth about $2.4 billion, and this is expected to grow by over 50% to $3.7 billion by 2021. [0]
  • In 2015, managed services for the North American DRaaS market were predicted to be worth 38.4 million U.S. dollars. [1]
  • The global disaster recovery as a service market is expected to grow from $5.79 billion in 2021 to $8.08 billion in 2024 at a compound annual growth rate of 39.5%. [2]
  • The market is expected to reach $26.73 billion in 2026 at a CAGR of 34.9%. [2]
  • The global DRaaS market size is expected to grow from USD 5.1 billion in 2020 to USD 14.6 billion by 2025, at a Compound Annual Growth Rate of 23.3% during the forecast period. [3]
  • According to a survey conducted by one of the prominent players in the DRaaS market, Infrascale, 80% of respondents are keen to utilize traditional methods and old technologies for disaster recovery and do not leverage cloud. [3]
  • disaster recovery forecasts safety Order Reprints disasterrecoveryasa service market is expected to reach $23.3 billion by 2027, according to a new study by Polaris Market Research. [4]

Disaster Recovery as a Service (DRaaS) Solutions Software Statistics

  • Moreover, malware is highly capable of bypassing up to 94 percent antivirus software and anti spam email filters are also not resilient enough to face a malware attack. [5]
  • The third quarter of 2019 reported a 1.73 percent hardware failure rate, while the overall annual hardware failure rate for 2019 was observed as 1.89 percent. [5]

Disaster Recovery as a Service (DRaaS) Solutions Latest Statistics

  • 94% of companies that suffer a catastrophic data loss in a disaster do not survive – 43% are forced to close immediately, while 51% are forced out of business within two years, according to University of Texas research. [0]
  • More than 40% of U.S. enterprises have already adopted DRaaS, while 20% more are planning using it in the near future, according to a Tech Trends survey by Enterprise Storage Forum. [0]
  • ,https//www.infrascale.com/draassolutionbuyersguideebook/%MCEPASTEBIN%’ link_target=’_blank’ size=’xlarge’ position=’center’ icon_select=’no’ icon=’ue800′ font=’entypo fontello’ color=’custom’ custom_bg=’#3874b5′ custom_font=’#ffffff’. [6]
  • ,https//www.infrascale.com/draassolutionbuyersguideebook/%MCEPASTEBIN%’ link_target=’_blank’ size=’x large’ position=’center’ icon_select=’no’ icon=’ue800′. [6]
  • font=’entypofontello’ color=’custom’ custom_bg=’#3874b5′ custom_font=’#ffffff’ av_uid=’av. [6]
  • 93% of companies without Disaster Recovery that suffer a major data disaster are out of business within a year. [7]
  • However, 96% of companies with a Disaster Recovery solution will fully recover from a disaster event. [7]
  • Payouts have been significant, with 43% paying in the $10,000 – $50,000 range and 13% paying more than $100,000. [8]
  • We’re 100% focused on providing tools to facilitate the success of our MSP partners. [8]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [1]
  • according to young health workers 2020 Resources for aiding young health professionals using digital patient data 2020. [1]
  • For instance, according to invenio IT study, less than 10% of the companies survive a disaster without a disaster recovery plan. [2]
  • Around 36 percent of respondents stated that their organization used cloud based DRaaS as of 2019. [9]
  • Only 20 percent of respondents stated that their organization did not use cloud disaster recovery and had no intention of using it in the future. [9]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [9]
  • 7 in 10 businesses have experienced a downtime event in the last two months.1 96% have experienced at least one system outage in the last three years.2. [10]
  • Businesses also know the DR challenge isn’t getting any easier – 84% acknowledge that their current DR solution won’t meet their future business challenges. [10]
  • As Putin eyes a date to declare victory, here’s a Ukraine scenario that could slam stocks by another 10% Advanced Search Submit entry for keyword results. [11]
  • Aberdeen’s recent “Stat of the Week” says the cost of downtime has skyrocketed 60 percent since their report from the previous year when they pegged it at $164,000 per hour of downtime for all businesses, and $215,000 per hour for medium. [12]
  • So you can count on 99.999 percent uptime, no matter what. [12]
  • 80% of fortune 2000 companies rely on our research to identify new revenue sources. [3]
  • An Enterprise Strategy Group survey of IT professionals in 2016 found that 39% were using DRaaS. [13]
  • In 2019, that portion had climbed to 53%. [13]
  • Service Market size was valued at USD 4.75 Billion in 2019 and is projected to reach USD 38.91 Billion by 2027, growing at a CAGR of 41.6% from 2020 to 2027. [14]
  • A Service Market was valued at USD 4.75 Billion in 2019 and is projected to reach USD 38.91 Billion by 2027, growing at a CAGR of 41.6% from 2020 to 2027. [14]
  • Surprisingly, 75 percent of small businesses have no disaster recovery plan in place. [5]
  • 1) 39% SMBs lack incident response plan. [5]
  • According to the 2019 Global State of Cybersecurity in Small and Medium Sized Businesses , more than 39 percent of don’t have an incident response plan to fight the unexpected cyber risks or data breaches. [5]
  • 22% folders are open To data threats. [5]
  • The 2019 Global Data Risks report found that more than 22 percent of folders across various organizations are not secure and have unrestricted access. [5]
  • 3) Malware in 28% data breaches. [5]
  • According to Verizon’s 2019 Data Breach Investigation Report, 28 percent of data breach incidents involve malware. [5]
  • While the number of mobile malware attacks decreased in 2018, the attacks due to ransomware continued to rise by 33 percent. [5]
  • According to a Data Breach Report 2019, a data breach can cost organizations around USD 3.92 million. [5]
  • However, businesses could recover 98 percent of data lost in ransomware attacks. [5]
  • According to a security research firm, the average cost of downtime means USD 8,000 for a small business, USD 74,000 for a medium sized company and USD 700,000 for a large enterprise. [5]
  • 6) 96 percent of firms suffered outages in the 3. [5]
  • A 2019 report concludes that 96 percent suffered at least a single outage in the last three years before the survey period and 95 percent of firms suffered brownouts. [5]
  • Power Outages – 35 percent Software Failures – 34 percent. [5]
  • 40 60 percent small businesses, at the receiving end of compromised operational systems and data, shut down businesses forever. [5]
  • On the other hand, 96 percent of companies backed by disaster recovery solutions benefit from full recovery. [5]
  • Human errors accounts for 52 percent of the breach incidents. [5]
  • Cryptojacking attacks are increasing by over 8000%. [5]
  • Surprisingly, only 52 percent receive this training, globally. [5]
  • 93 percent affected companies without a Disaster Recovery plan closed down businesses within one year of the data attack. [5]
  • 96 percent of companies backed by Disaster Recovery was able to tackle ransomware attacks. [5]
  • Over the last five years, 50 percent of companies experienced downtimes that lasted longer than a complete workday. [5]

I know you want to use Disaster Recovery as a Service (DRaaS) Solutions, thus we made this list of best Disaster Recovery as a Service (DRaaS) Solutions. We also wrote about how to learn Disaster Recovery as a Service (DRaaS) Solutions and how to install Disaster Recovery as a Service (DRaaS) Solutions. Recently we wrote how to uninstall Disaster Recovery as a Service (DRaaS) Solutions for newbie users. Don’t forgot to check latest Disaster Recovery as a Service (DRaaS) Solutionsstatistics of 2024.

Reference

  1. enterprisestorageforum – https://www.enterprisestorageforum.com/backup/draas-guide/.
  2. statista – https://www.statista.com/statistics/502272/worldwide-disaster-managed-services-market-by-region/.
  3. globenewswire – https://www.globenewswire.com/news-release/2024/03/22/2408012/0/en/Disaster-Recovery-as-a-service-DRaaS-Global-Market-Report-2024.html.
  4. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/recovery-as-a-service-market-962.html.
  5. missioncriticalmagazine – https://www.missioncriticalmagazine.com/articles/93528-disaster-recovery-as-a-service-market-worth-233-billion-by-2027.
  6. veritis – https://www.veritis.com/blog/disaster-recovery-2019-statistics-insights-that-shape-your-business-future/.
  7. infrascale – https://www.infrascale.com/blog/25-disaster-recovery-statistics-for-2015-infographic/.
  8. virtualsprout – https://www.virtualsprout.com/disaster-recovery-as-a-service-draas/.
  9. infrascale – https://www.infrascale.com/products/backup-and-disaster-recovery/cloud/.
  10. statista – https://www.statista.com/statistics/1024437/worldwide-cloud-usage-disaster-recovery-as-a-service/.
  11. ricoh-usa – https://www.ricoh-usa.com/en/insights/articles/improving-business-continuity-and-disaster-recovery-planning.
  12. marketwatch – https://www.marketwatch.com/press-release/global-disaster-recovery-as-a-service-draas-solution-market-size-by-business-analysis-trends-strategy-growth-status-with-revenue-market-sales-depth-segmentation-industry-analysis-dominant-countries-data-market-segment-segment-aspect-analysis-up-to-2028-2024-03-24.
  13. storagecraft – https://blog.storagecraft.com/why-backup-and-disaster-recovery-as-a-service-might-be-the-best-choice-for-your-business/.
  14. techtarget – https://www.techtarget.com/searchdisasterrecovery/DRaaS-guide-Benefits-challenges-providers-and-market-trends.
  15. verifiedmarketresearch – https://www.verifiedmarketresearch.com/product/global-disaster-recovery-as-a-service-market-size-and-forecast-to-2025/.

How Useful is Disaster Recovery as a Service Solutions

One of the main benefits of using DRaaS solutions is their flexibility. These solutions can be tailored to fit the specific needs and requirements of each individual business, providing a customized plan that meets their unique challenges. Whether a business is looking to recover their data quickly or minimize downtime, DRaaS solutions can be designed to achieve these goals.

Furthermore, DRaaS solutions offer scalability, allowing businesses to easily adjust their recovery plan as their needs change. This means that as a business grows, their disaster recovery plan can grow with them, ensuring that they are always protected no matter how much their requirements evolve.

In addition to flexibility and scalability, DRaaS solutions also offer cost-effectiveness. By outsourcing disaster recovery to a third-party provider, businesses can save on the costs associated with maintaining their own disaster recovery infrastructure. This can be especially beneficial for smaller businesses that may not have the resources to invest in their own disaster recovery capabilities.

Another key advantage of using DRaaS solutions is their reliability. These solutions are often backed by Service Level Agreements (SLAs) that guarantee a certain level of uptime and data protection. This gives businesses the peace of mind that their critical data and systems are in safe hands, even in the event of a disaster.

Despite these benefits, some businesses may still be hesitant to invest in DRaaS solutions. One common concern is the perceived lack of control that comes with outsourcing disaster recovery. However, by working closely with a trusted DRaaS provider, businesses can ensure that their recovery plan aligns with their business objectives and meets their specific needs.

Furthermore, modern DRaaS solutions often include advanced features such as automated failover, continuous data replication, and real-time monitoring. These features can significantly enhance a business’s disaster recovery capabilities, providing them with greater confidence in their ability to quickly recover from any disruption.

In conclusion, Disaster Recovery as a Service solutions are an invaluable tool for businesses looking to protect their critical data and systems in the event of a disaster. With their flexibility, scalability, cost-effectiveness, reliability, and advanced features, DRaaS solutions offer businesses a comprehensive and effective way to safeguard their operations. As disasters continue to pose a threat to businesses of all sizes, investing in a solid DRaaS solution is a smart and proactive decision that can provide long-term peace of mind.

In Conclusion

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