Key Highlights
- 93% of companies that experience a significant data disaster do not survive
- 60% of SMBs that experience a major data loss go out of business within six months
- 1 in 3 organizations suffer a data breach or disaster every year
- 42% of organizations have no tested disaster recovery plan
- The average cost of a data breach is $4.35 million
- 75% of organizations that experience a disaster without a recovery plan take more than a week to restore operations
- 80% of organizations say that cloud-based disaster recovery solutions have reduced downtime significantly
- 70% of businesses fail to make it past disaster because of inadequate disaster recovery planning
- The global disaster recovery market is expected to reach $23 billion by 2027, growing at a CAGR of 7.7%
- 59% of companies have experienced data loss due to a cyberattack
- Data backups stored off-site increase the chances of successful disaster recovery by 60%
- ERP systems are that critical in 67% of organizations, making their recovery essential after disaster
- 52% of organizations prioritize cloud disaster recovery solutions over traditional methods
Did you know that while 93% of companies that suffer a major data disaster don’t survive, 80% of organizations with cloud-based recovery solutions experience significantly less downtime—making disaster recovery not just a precaution, but a strategic imperative for business resilience?
Cybersecurity Incidents and Data Breaches
- 59% of companies have experienced data loss due to a cyberattack
- 37% of companies have experienced a ransomware attack impacting their backup data
Cybersecurity Incidents and Data Breaches Interpretation
Disaster Preparedness and Recovery Strategies
- 93% of companies that experience a significant data disaster do not survive
- 1 in 3 organizations suffer a data breach or disaster every year
- 42% of organizations have no tested disaster recovery plan
- 75% of organizations that experience a disaster without a recovery plan take more than a week to restore operations
- 80% of organizations say that cloud-based disaster recovery solutions have reduced downtime significantly
- 70% of businesses fail to make it past disaster because of inadequate disaster recovery planning
- Data backups stored off-site increase the chances of successful disaster recovery by 60%
- ERP systems are that critical in 67% of organizations, making their recovery essential after disaster
- 52% of organizations prioritize cloud disaster recovery solutions over traditional methods
- 24% of companies that experience a disaster experience data corruption
- 45% of SMBs that experience a major disruption do not reopen
- 78% of organizations consider disaster recovery a strategic priority
- 62% of data center outages are caused by human error
- 83% of CIOs believe disaster recovery is more important today due to increasing cyber threats
- In 2021, 58% of organizations used hybrid cloud for disaster recovery
- 90% of companies with documented disaster recovery plans recover faster than those without
- 66% of organizations have experienced a ransomware attack impacting their disaster recovery process
- 27% of small businesses do not have any disaster recovery plan in place
- 55% of companies have a dedicated disaster recovery team
- Data integrity is maintained in 84% of disaster recovery scenarios when proper planning is in place
- 41% of organizations report that their disaster recovery plans are outdated or untested
- Organizations with automated disaster recovery solutions are 50% more likely to recover within the first hour after a disruption
- 69% of organizations plan to increase their disaster recovery budget over the next 2 years
- Only 26% of businesses realize the full potential of disaster recovery as a service
- 91% of organizations believe disaster recovery plans improve overall resilience
- 58% of organizations experience extended downtime due to insufficient disaster recovery capabilities
- 65% of organizations believe that disaster recovery planning should be integrated into overall cybersecurity strategy
- 45% of enterprises plan to increase their investment in disaster recovery solutions over the next year
- The probability of a data loss incident increases by 32% during a storm or natural disaster
Disaster Preparedness and Recovery Strategies Interpretation
Disaster Recovery Technologies and Market Trends
- The global disaster recovery market is expected to reach $23 billion by 2027, growing at a CAGR of 7.7%
- Cloud disaster recovery is projected to grow at a CAGR of 19.9% between 2022-2027
Disaster Recovery Technologies and Market Trends Interpretation
Financial Impact and Cost of Data Loss
- 60% of SMBs that experience a major data loss go out of business within six months
- The average cost of a data breach is $4.35 million
- 42% of organizations that experienced a disaster in the past year experienced financial losses
Financial Impact and Cost of Data Loss Interpretation
Organizational Policies and Testing Practices
- Only 31% of organizations test their disaster recovery plans annually
Organizational Policies and Testing Practices Interpretation
Sources & References
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