Disaster Recovery as a Service (DRaaS) Solutions Statistics


Steve Bennett
Steve Bennett
Business Formation Expert
Steve runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

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.

LLCBuddy editorial team did hours of research, collected all important statistics on Disaster Recovery As A Service (Draas) Solutions, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Disaster Recovery As A Service (Draas) Solutions Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

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

☰ Use “CTRL+F” to quickly find statistics. There are total 10 Disaster Recovery As A Service (Draas) Solutions Statistics on this page 🙂

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]

Also Read

How Useful is Disaster Recovery as a Service Draas Solutions

One of the key advantages of using DRaaS solutions is the flexibility and scalability they offer. Companies no longer need to invest in expensive hardware or software to set up and maintain their disaster recovery infrastructure. With DRaaS, organizations can simply pay a subscription fee and have access to a fully managed and automated disaster recovery solution in the cloud. This means that companies of all sizes can benefit from the same level of protection without the need for a significant upfront investment.

Additionally, DRaaS solutions provide companies with the peace of mind knowing that their data is secure and can be quickly recovered in the event of a disaster. Whether it’s a natural disaster, a cyber-attack, or a human error, having a robust disaster recovery plan in place can help minimize downtime, reduce data loss, and protect the company’s reputation.

Another significant advantage of DRaaS solutions is the ability to test and refine disaster recovery plans regularly. With traditional disaster recovery methods, testing and updating recovery plans can be time-consuming and costly. However, with DRaaS, companies can easily run automated tests to ensure that their systems are functioning correctly and that they can recover data within the desired time frame. This proactive approach helps organizations identify potential issues before they become critical and ensures that they are fully prepared for any scenario.

Furthermore, DRaaS solutions offer continuous monitoring and support from experienced professionals. This means that companies no longer need to rely on internal resources to manage their disaster recovery processes. Instead, they can leverage the expertise of third-party providers who specialize in disaster recovery and can offer 24/7 support in the event of an emergency. This level of support can be crucial in helping companies recover quickly and efficiently and minimize the impact of a disaster on their operations.

In conclusion, Disaster Recovery as a Service (DRaaS) solutions offer an array of benefits for organizations looking to protect their data and ensure business continuity in the event of a disaster. From flexibility and scalability to regular testing and support, DRaaS provides a cost-effective and reliable way for companies to mitigate risks and safeguard their critical assets. As the threat landscape continues to evolve, investing in a robust disaster recovery plan becomes increasingly important, and DRaaS offers a viable solution for companies of all sizes to effectively manage and recover from potential disruptions.

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/

Leave a Comment