New York, United States, October 19, 2022 (GLOBE NEWSWIRE) — disaster recovery solution is a critical part of any recovery process when a disaster strikes. Nowadays, many companies have recognized the need of an IT Disaster Recovery (DR) plan which positively impacts the market growth. A good disaster recovery plan allows the business to run continuously even in the event of disasters and negative events. A steady rise in cybersecurity attacks and an ever-changing IT landscape have shaped the disaster recovery market in recent years. With advances in technology, the market for disaster recovery solutions has developed rapidly.

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Segmental Insights

Based on Type, the Disaster Recovery Solutions Market is categorized into Backup and Recovery, Real-Time Replication, Data Protection, and Professional Services. The backup and recovery segment is expected to hold the largest market share during the forecast period, mainly due to the cost-effective advantages they offer and their increasing demand in companies with low IT budgets.

Based on deployment, the market is segmented into private cloud, public cloud, and hybrid cloud. Hybrid cloud is expected to dominate the market for disaster recovery solutions as it allows the user to use on-premises software and hardware appliances along with cloud recovery services.

Based on enterprise size, the market is segmented into SME and Large Enterprise. Many large companies are making large IT investments that will enable the segment to grow at the highest CAGR.

By end-user, the Disaster Recovery Solutions market is segmented into BFSI, Consumer & Retail, Government & Public Sector, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Telecom, and Others. BFSI is likely to hold the largest market share as governments increase regulations to ensure adequate…