The North America Disaster Recovery as a Service Market would witness market growth of 25.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Disaster Recovery As A Service Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18,605.8 million by 2031. The Canada market is experiencing a CAGR of 27.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 26.7% during (2024 - 2031).
In today’s digital era, businesses rely on data and technology to drive operations, enhance customer experiences, and maintain a competitive edge. The integration of cloud computing, big data analytics, artificial intelligence (AI), and the Internet of Things (IoT) has resulted in a significant increase in the generation and storage of data. As organizations shift toward digital transformation, ensuring critical data security, availability, and recoverability has become a top priority.
Disaster recovery is no longer a luxury but necessary for businesses of all sizes and industries. Traditionally, companies relied on on-premise disaster recovery (DR) solutions, which involved maintaining secondary data centers, redundant hardware, and dedicated IT personnel to manage disaster recovery processes. While effective, these traditional DR strategies were costly, complex, and resource-intensive, impractical for many small and medium-sized enterprises (SMEs).
The Disaster Recovery as a Service market is witnessing substantial growth as industries increasingly recognize the need for robust disaster recovery frameworks to safeguard critical business data and ensure operational resilience. The finance and insurance sectors in the United States are among the most critical industries requiring advanced disaster recovery solutions, as they contributed 8.3% ($1.7 trillion) to the U.S. GDP in 2020. With financial institutions being prime targets for cyberattacks, data breaches, and ransomware incidents, investments in AI-driven threat detection, encrypted cloud backups, and blockchain-based disaster recovery mechanisms have surged to enable real-time data replication, rapid failover, and compliance with stringent regulations such as PCI DSS and SOX. The ability to restore operations quickly after an IT failure is now a business-critical requirement, making DRaaS solutions a preferred choice for financial institutions to mitigate risks and ensure business continuity. Hence, North America's market continues to expand as businesses across industries shift towards hybrid cloud environments, AI-driven automation, and managed security services.
Free Valuable Insights: The Disaster Recovery as a Service Market is Predict to reach USD 70.53 Billion by 2031, at a CAGR of 25.7%
Based on Deployment, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on Service Type, the market is segmented into Recovery & Backup Services, Real-time Replication Services, Data Protection Services, and Professional Services. Based on Provider, the market is segmented into Cloud Service Providers, Telecommunication Service Providers, and Managed Service Providers. Based on End-use, the market is segmented into BFSI, IT & Telecommunication, Retail & Consumer Goods, Healthcare, Government, Media & Entertainment, and Other End-use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Deployment
By Service Type
By Provider
By End-use
By Country
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