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Cloud-based Disaster Recovery Market to Reach $92.8 Billion, Globally, by 2033 at 25.1% CAGR: Allied Market Research

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The global cloud-based disaster recovery market has experienced growth due to several factors such as the increase in frequency and severity of natural disasters, along with the surging need for data security and scalability.

NEW CASTLE, Del., Aug. 22, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Cloud-based Disaster Recovery Market by Service Type (Data Protection, Real-time Application, Backup and Recovery and Professional Services), Deployment Mode (Private Cloud, Public Cloud and Hybrid Cloud), Organization Size (Small & Medium-sized Enterprises and Large Enterprises), and End User (BFSI, Retail and Consumer Goods, Government and Public Sector, Manufacturing, Healthcare and Life Sciences, Media and Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the cloud-based disaster recovery market was valued at $9.9 billion in 2023, and is estimated to reach $92.8 billion by 2033, growing at a CAGR of 25.1% from 2024 to 2033.

Prime determinants of growth

The global cloud-based disaster recovery market has experienced growth due to several factors such as increase in frequency and severity of natural disasters, surge in need for data security and scalability, and rise in focus among businesses to equip a reliable and scalable disaster recovery solution. However, the increase in complexity of cloud disaster recovery and the rise in concerns over dependency on service providers hinder market growth. Moreover, the advent of artificial intelligence and machine learning in cloud DR, along with the growing awareness and understanding of the importance of disaster recovery offer remunerative opportunities for the expansion of the global cloud-based disaster recovery market.

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Report Coverage and Details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$9.1 billion

Market Size in 2033

$92.8 billion

CAGR

25.10 %

No. of Pages in Report

250

Segments Covered

Service Type, Deployment Mode, Organization Size, End User, and Region

Drivers

Increasing frequency and severity of natural disasters

Surging need for data security and scalability

Growing focus among businesses to equip a reliable and scalable disaster recovery solution

Opportunities

Advent of artificial intelligence and machine learning in cloud DR

Growing awareness and understanding of the importance of disaster recovery

Restraints

Increasing complexity of cloud disaster recovery

Rising concerns over dependency on service providers

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Segment Highlights

The data protection segment held the highest market share in 2023

By service type segment, data protection held the highest market share in 2023, accounting for about two-fifths of the global cloud-based disaster recovery market revenue throughout the forecast period. The demand for data protection is driven by the increasing frequency and sophistication of cyberattacks, including ransomware, phishing, and data breaches, driving the demand for robust data protection services. Also, growing awareness among consumers and businesses about data privacy issues is pushing organizations to prioritize data protection, which is expected to contribute to market growth.

The public cloud segment held the highest market share in 2023

By deployment mode segment, the public cloud segment held the highest market share in 2023, accounting for nearly two-fifths of the global cloud-based disaster recovery market revenue. This growth can be attributed to the fact that public cloud disaster recovery solutions provide scalability, flexibility, and cost-effectiveness, making them appealing to enterprises of all sizes looking to enhance their disaster recovery capabilities without making substantial upfront infrastructure investments.

The large enterprises segment held the highest market share in 2023

By organization size segment, the large enterprises segment held the highest market share in 2023, accounting for about three-fifths of the cloud-based disaster recovery market revenue globally. This growth is driven by the broader availability of resources, complex IT infrastructures, and rising sensitivity to disruption. Large organizations prioritize investments in cloud-based disaster recovery market solutions to secure vital data, minimize downtime, and maintain business continuity in the event of a disaster or cyberattack.

The BFSI segment held the highest market share in 2023

By end-user segment, the BFSI segment held the highest market share in 2023, accounting for more than one-fourth of the cloud-based disaster recovery market revenue globally. Financial institutions are increasingly collaborating with cloud-based disaster recovery solution providers to fortify their organization size, thereby driving the BFSI segment growth in the global market. These partnerships empower banks and financial institutions to ensure the security and endurance of their critical organization sizes. For instance, in September 2023, IBM signed a definitive partnership agreement with Indian Bank, a leading public sector bank in India. This collaboration aimed to leverage IBM’s advanced technology solutions to drive digital transformation and enhance the banking experience for Indian Bank’s customers.

North America held the highest market share in 2023

By region, North America held the highest market share in terms of revenue in 2023, accounting for nearly two-fifths of the global cloud-based disaster recovery market revenue throughout the forecast period. The robust government initiatives promoting data security, along with the presence of major cloud service providers are expected to drive the growth of the cloud-based disaster recovery market. In addition, the rising imperative to secure critical data for various organizations in sectors, such as BFSI, government, and others has led to considerable demand for innovative products, which is expected to boost the market growth.

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Major Industry Players

Amazon Web Services, Inc.Cable & Wireless Communications LimitedDell Technologies, Inc.Hewlett Packard Enterprise Development LPIBM CorporationKaseya (Unitrends)Microsoft CorporationNetApp, Inc.NTT Data Group CorporationSeagate Technology LLC

The report provides a detailed analysis of these key players in the global cloud-based disaster recovery market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to highlight the competitive scenario.

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Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Delaware 19801 USA.
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VERNAL CAPITAL ACQUISITION CORP. ANNOUNCES PRICING OF $100 MILLION INITIAL PUBLIC OFFERING

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NEW YORK, May 5, 2026 /PRNewswire/ — Vernal Capital Acquisition Corp. (NYSE: VECA) (“Vernal”) announced the pricing of its initial public offering (the “IPO”) of 10,000,000 units at $10.00 per unit. The units are expected to trade on the New York Stock Exchange (“NYSE”) under “VECAU” beginning May 6, 2026. Each unit consists of one ordinary share and one right to receive one-fourth of one ordinary share upon consummation of an initial business combination. Upon separate trading, the ordinary shares and rights are expected to be listed on NYSE under “VECA” and “VECAR,” respectively.

D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments. The offering is expected to close on May 7, 2026, subject to customary closing conditions.

A registration statement for these securities was declared effective by the SEC on May 5, 2026. The offering is made only by means of a prospectus. Copies of the prospectus may be obtained, from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at dbccapitalmarkets@dboralcapital.com.

This press release shall not constitute an offer to sell or to buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws.

About Vernal

Vernal is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Vernal’s target search will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release contains “forward-looking statements,” including statements regarding Vernal’s IPO. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, beyond Vernal’s control, including those in the Risk Factors section of Vernal’s registration statement filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Vernal disclaims any obligation to release publicly updates or revisions to any forward-looking statements to reflect any change in Vernal’s expectations, except as required by law.

Contact

Binghan Yi, CFO
binghan@vernal.com
www.vernalspac.com

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RIVANNA nominated for MedTech Scale-Up of the Year at MedTech World Awards 2026 | North America

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Nomination places the Charlottesville-based company among growth-stage medtech leaders recognized for commercial momentum in AI-powered clinical decision support; public voting is open through May 8

CHARLOTTESVILLE, Va., May 5, 2026 /PRNewswire/ — RIVANNA®, developer of AI-powered clinical decision-support solutions, today announced that it has been nominated for MedTech Scale-Up of the Year at the MedTech World Awards 2026 | North America. Public voting is open through Friday, May 8, 2026, with category winners to be announced at the inaugural North American Awards Gala on May 11, 2026, at the Hilton West Palm Beach in Florida.

The MedTech Scale-Up of the Year category honors a growth-stage company successfully scaling revenues, partnerships, and adoption across the global medical technology ecosystem. Nominees across the program’s 22 categories were selected through a structured process led by the MedTech World Steering Committee, with category winners determined by a combination of expert evaluation and public voting from the global MedTech community.

“We have built RIVANNA on validation earned from the most rigorous technical buyers in healthcare: competitive federal awards translated into FDA-cleared products, each paired with a commercial program that meets clinicians where they work,” said Will Mauldin, PhD, Co-founder and CEO of RIVANNA. “Being nominated for MedTech Scale-Up of the Year is a meaningful affirmation of that approach and the team executing it.”

Public voting closes Friday, May 8, 2026. Members of the MedTech community are invited to support RIVANNA’s nomination at the official voting page: vote here.

The award nomination follows a year of measurable scaling for RIVANNA:

In October 2025, RIVANNA reported on being named a finalist in MedTech Innovator’s 2025 Early-Stage Grand Prize competition, selected from nearly 1,500 global applicants to represent the top 4% of medtech innovations worldwide.In December 2025, RIVANNA reported on the U.S. Food and Drug Administration’s 510(k) clearance of its Accuro® 3S Needle Guide Kit consumables, building on existing Accuro 3S device clearance.In April 2026, RIVANNA reported on peer-reviewed findings, published in 2025 in the Journal of Emergency Medicine (DOI: 10.1016/j.jemermed.2025.11.011), showing that the Accuro® XV musculoskeletal imaging system enables non-physician operators to acquire diagnostic-quality scans after just one hour of hands-on training.In May 2026, RIVANNA reported on the U.S. Food and Drug Administration’s 510(k) clearance of the Accuro® XV Diagnostic Ultrasound System for musculoskeletal imaging, authorizing commercial use across hospital and clinic settings.The company’s clinical program now spans eight sites nationwide with more than 1,500 patients enrolled.

The 2026 MedTech World Awards | North America, powered by Blue Goat Cyber, will be presented Monday, May 11, 2026, at the inaugural North American Awards Gala at the Hilton West Palm Beach, marking the first time the MedTech World Awards have been hosted in the United States.

About the MedTech Scale-Up of the Year Award
Presented by MedTech World, the MedTech Scale-Up of the Year category recognizes growth-stage medical technology companies demonstrating strong commercial momentum, expanding partnerships, and accelerating real-world adoption. The award is one of 22 categories spanning innovation, clinical excellence, regulatory strategy, investment, and leadership across the global MedTech ecosystem.

About RIVANNA
RIVANNA® is a medical technology company developing clinical decision-support solutions powered by proprietary clinical datasets, AI models, and purpose-built imaging hardware. The company’s platform automates complex anatomical analysis at the point of care, enabling faster, more confident clinical decisions while reducing variability and expanding access to advanced capabilities. The first applications target significant market opportunities in regional anesthesia and fracture care. RIVANNA has built a proven FDA regulatory track record across its Accuro® platform, with device clearances for Accuro® 3S (spinal needle guidance) and Accuro® XV (musculoskeletal imaging), a portfolio of supporting cleared consumables, and AI software modules advancing through regulatory review. The company is backed by 100+ patents and validated through clinical partnerships with leading academic medical centers. RIVANNA is headquartered in Charlottesville, Virginia, and operates an FDA-registered, ISO 13485:2016-certified manufacturing facility. Learn more at rivannamedical.com.

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D2L Launch Week Highlights Latest Product Releases

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Latest innovations are designed to save time, simplify workflows, and help drive better learning outcomes

TORONTO, May 5, 2026 /PRNewswire/ – D2L, a global leader in learning innovation, hosted its first-ever D2L Launch Week, a four-day virtual webinar series spotlighting the company’s latest product innovations across D2L Brightspace in 2026.

Throughout the week, D2L showcased a range of product releases through live demos and practical customer use cases, highlighting how institutions, school districts and organizations can help to drive engagement and improve learning outcomes. The featured updates include enhancements to D2L Lumi for idea generation, intervention suggestions, quiz creation and summarization; tools to strengthen parent and guardian outreach; and administrative capabilities designed to help large organizations delegate course and configuration management more effectively.

“We’re proud to showcase the ways D2L continues to innovate to help make learning more personalized, efficient, and scalable,” said Christian Pantel, Chief Product Officer at D2L. “From new D2L Lumi features to enhanced communication tools and more flexible distributed administration capabilities, these updates are designed to help our customers save time, improve usability, and deliver better learning experiences at scale.”

Enhancements to D2L Lumi

Among the new capabilities were several updates to D2L’s AI-native tool, D2L Lumi, designed to improve usability, transparency, and alignment across workflows, including:

D2L Lumi Ideas: Generates assignment and discussion ideas directly within Brightspace, making it easier to generate high quality content aligned to learning outcomes.D2L Lumi Insights: Gives educators access to learning intervention suggestions, designed to provide recommended next steps based on learner data.D2L Lumi Quiz: Helps educators generate questions from multiple course content topics and includes a more streamlined question-generation workflow.D2L Lumi Summary: Supports summarization from more content sources, including nested submodules, and can give educators the ability to preview and adjust source text before summarization.

Updates to Parent and Guardian Communications

D2L also introduced new parent and guardian communication enhancements to help K-12 educators strengthen engagement beyond the classroom. Teachers can now send bulk emails to all parents and guardians associated with students in their class. For individual student outreach, teachers can also email parents and guardians of a specific learner, making it easier to share timely updates on student progress and classroom activity.

Manage Distributed Administration at Scale

Distributed Administration gives organizations more flexibility to delegate administrative responsibilities across organization levels. With Distributed Administration, administrators can manage specific areas, enabling them to oversee courses while helping to reduce bottlenecks and free up time.

Learn more about the latest product releases showcased at D2L Launch Week.

About D2L   
D2L is transforming the way the world learns, helping learners achieve more than they dreamed possible. Working closely with customers all over the world, D2L is on a mission to make learning more inspiring, engaging and human. Find out how D2L helps transform lives and delivers outstanding learning outcomes in K-12, higher education and businesses.

D2L Media Contact
PR@D2L.com
X: @D2L
© 2026 D2L Corporation.

The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, D2L India Pvt Ltd, D2L Brasil Soluções de Tecnologia para Educação Ltda and D2L Sistemas de Aprendizaje Innovadores, S. D2 R.L de C.V., and H5P Group AS.

All D2L and H5P marks are owned by the D2L group of companies. Please visit D2L.com/trademarks for a list of D2L marks. All other trademarks are the property of their respective owners.

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