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According to this latest publication from Meticulous Research®, the Disaster Recovery-as-a-Service market is projected to reach $31.6 billion by 2030, at a CAGR of 20.5% from 2023-2030. The growth of the disaster recovery-as-a-service market is driven by the growing demand for data security and scalability, rising data breaches and ransomware attacks, and the growing adoption of disaster recovery-as-a-service in the BFSI sector. However, the complexity of deployment and setting terms restrains the growth of the disaster recovery-as-a-service market. Furthermore, the growing adoption of advanced technologies such as AI and machine learning and the increasing adoption of cloud-based solutions among SMEs are expected to create growth opportunities in the market. However, one of the major challenges for players operating in this market is the lack of awareness and misconceptions regarding disaster recovery service solutions among potential customers.

Read more: The Evolution and Impact of Disaster Recovery-as-a-Service geometry dash