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]

Also Read

How Useful is Disaster Recovery as a Service Draas Solutions

One of the key benefits of DRaaS is its ability to provide organizations with a cost-effective and scalable solution for disaster recovery. Traditional disaster recovery solutions can be expensive, requiring significant investment in hardware, software, and personnel to manage and maintain. DRaaS, on the other hand, allows businesses to outsource their disaster recovery needs to a third-party provider, eliminating the need for costly infrastructure investments and reducing the overall cost of implementation.

Another benefit of DRaaS solutions is their ability to provide organizations with a comprehensive and robust disaster recovery strategy. Many DRaaS providers offer a range of services, including data replication, failover, and recovery testing, to ensure that businesses are prepared for any eventuality. By outsourcing their disaster recovery needs to a specialist provider, organizations can benefit from the expertise and experience of professionals who understand the intricacies of disaster recovery planning and implementation.

One of the key advantages of DRaaS solutions is their ability to provide organizations with a high level of flexibility and scalability. Many DRaaS providers offer pay-as-you-go pricing models, allowing businesses to scale their disaster recovery resources up or down as needed. This flexibility is particularly valuable for businesses with fluctuating data storage and recovery needs, enabling them to adjust their disaster recovery strategy to meet changing business requirements.

In addition to their cost-effectiveness and flexibility, DRaaS solutions also offer organizations a number of other benefits. For example, many DRaaS providers offer around-the-clock support and monitoring, ensuring that businesses receive immediate assistance in the event of a disaster. This level of support can be invaluable for businesses that lack the internal resources or expertise to manage their own disaster recovery operations.

Furthermore, DRaaS solutions offer organizations a level of security and reliability that is difficult to achieve with traditional disaster recovery methods. Many DRaaS providers operate multiple data centers and employ state-of-the-art security measures to protect customers’ data. This ensures that businesses can trust in the integrity and availability of their data, even in the event of a disaster.

In conclusion, DRaaS solutions offer organizations a cost-effective, flexible, and comprehensive way to protect their data and maintain business continuity in the event of a disaster. By outsourcing their disaster recovery needs to a specialist provider, businesses can benefit from the expertise, resources, and support they need to quickly recover from disasters and resume normal operations. As the threat of natural disasters, cyber attacks, and other disruptions continues to grow, DRaaS solutions will become increasingly essential for businesses looking to protect their data and ensure business continuity.

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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