Disaster Recovery as a Service (DRaaS) Solutions Statistics


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Disaster Recovery As A Service (Draas) Solutions Statistics 2023: Facts about Disaster Recovery As A Service (Draas) Solutions outlines the context of what’s happening in the tech world.

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Top Disaster Recovery As A Service (Draas) Solutions Statistics 2023

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Disaster Recovery As A Service (Draas) Solutions “Latest” Statistics

  • According to the U.S. Department of Commerce, 93% of enterprises that lose their computer systems for 10 days or more due to a disaster file for bankruptcy within one year of the disaster. NARA stands for National Archives and Records Administration.[1]
  • According to the University of Texas study, 94% of organizations that experience a catastrophic data loss in a disaster do not survive – 43% are forced to close immediately, while 51% are pushed out of business within two years.[1]
  • According to a Tech Trends poll conducted by Enterprise Storage Forum, more than 40% of US organizations have already used DRaaS, with another 20% planning to do so in the near future.[1]
  • The worldwide DRaaS industry is currently valued at around $2.4 billion, and it is predicted to expand by more than 50% to $3.7 billion by 2021.[1]
  • The global disaster recovery as a service (DRaaS) market is predicted to increase at a compound annual growth rate (CAGR) of 39.5% from $5.79 billion in 2021 to $8.08 billion in 2022.[2]
  • At a CAGR of 34.9%, the worldwide disaster recovery as a service (DRaaS) market is estimated to reach $26.73 billion in 2026.[2]
  • Marriott announced a security issue in March 2020 that affected the data of over 5.2 million hotel guests who used the company’s loyalty application.[2]
  • According to research conducted by Invenio IT, less than 10% of businesses survive a calamity without a disaster recovery strategy.[2]
  • According to a study, 2.5 quintillion bytes of data are produced every day, and unplanned downtime of systems, which results in the shutdown of numerous firms, is a key factor contributing to the loss of this data.[2]
  • If a business does not use a disaster recovery service, it might lose up to $100,000 per hour of downtime, which is the average loss recorded by 98% of businesses.[3]

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How Useful is Disaster Recovery as a Service Draas Solutions

DRaaS solutions offer organizations the ability to outsource their disaster recovery processes to a third-party provider, who manages the backup, storage, and recovery of data in the cloud. This can provide numerous benefits to organizations, including cost savings, increased scalability, and improved reliability.

One of the key advantages of DRaaS solutions is the cost-effectiveness they offer. By outsourcing disaster recovery processes to a third-party provider, organizations can avoid the upfront costs associated with building and maintaining their own disaster recovery infrastructure. This can result in significant cost savings, particularly for small and medium-sized businesses that may not have the resources to invest in a dedicated disaster recovery solution.

In addition to cost savings, DRaaS solutions also offer increased scalability. With the ability to scale resources up or down based on business needs, organizations can ensure they have the necessary resources in place to quickly and effectively recover data in the event of a disaster. This flexibility can be especially important for organizations with fluctuating data storage and recovery needs.

Another benefit of DRaaS solutions is improved reliability. By leveraging the expertise of a third-party provider, organizations can ensure that their data is backed up and stored in a secure and reliable environment. This can provide peace of mind to organizations knowing that their data is protected and accessible in the event of a disaster.

Despite these benefits, it is important for organizations to carefully consider their specific needs and requirements before implementing a DRaaS solution. While DRaaS solutions can offer cost savings and scalability, they may not be the best fit for every organization. Factors such as data security, compliance requirements, and recovery time objectives should be carefully considered before moving forward with a DRaaS solution.

In conclusion, disaster recovery as a service (DRaaS) solutions can be a valuable tool for organizations looking to protect their data and maintain business continuity in the event of a disaster. By outsourcing disaster recovery processes to a third-party provider, organizations can benefit from cost savings, increased scalability, and improved reliability. However, it is important for organizations to carefully consider their specific needs and requirements before implementing a DRaaS solution to ensure it aligns with their business objectives and provides the necessary level of protection for their data.

Reference

  1. enterprisestorageforum – https://www.enterprisestorageforum.com/backup/draas-guide/
  2. globenewswire – https://www.globenewswire.com/news-release/2022/03/22/2408012/0/en/Disaster-Recovery-as-a-service-DRaaS-Global-Market-Report-2022.html
  3. acronis – https://www.acronis.com/en-us/blog/posts/draas/

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