Disaster recovery as a service is basically replication and hosting of physical or virtual servers by a third party to provide failover in the event of a manmade or a natural catastrophe. It is cost effective and provides faster data recovery along with great flexibility.
The disaster recovery as a service market has been segmented on the basis of service type, service provider, deployment and vertical. The service type is further bifurcated into real time replication, backup, data security and professional services. Out of which, the professional services segment is expected to grow at the highest CAGR during the forecast period owing to increasing business needs like training and consultation, support and maintenance and system integration. While the backup service is expected to hold the largest market share in the service type segment. Backup service segment plays a significant role by proving reliable and scalable solutions for disaster recovery.
The global disaster recovery as a service market is expected to grow at approx. USD 21 Billion by 2023, at 44% of CAGR between 2017 and 2023.
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Major Key Players
Amazon Web Services (U.S.),
IBM Corporation (U.S.),
Microsoft Corporation (U.S.),
Sungard Availability Services (U.S.),
VMware Inc. (U.S.),
Cable & Wireless Communications (U.K.),
Cisco Systems (U.S.),
HP Enterprises Company (U.S.),
Treo Information Technology (Turkey) and NTT Communications (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Market.
According to Market Research Future Analysis, Disaster Recovery As A Service Market has been valued at approx. USD 21 Billion by the end of forecast period with 44% of CAGR during forecast period 2017 to 2023.
January, 2018 – Veeam Software has acquired N2WS, a cloud-native enterprise backup and disaster recovery provider for Amazon Web Services (AWS). The acquisition ensures business continuity and reduces risk for AWS workloads, and expands the reach of Veeam’s Availability Suite, which uses virtualization, storage, and cloud technologies in the data centre to help organizations save time, mitigate risks, and reduce capital and operational costs.
January, 2018 – IBM and Dubai’s Port, Customs and Free Zone Corporation (PCFC), and its technical arm, DUTECH, announced an agreement to launch a cloud-based disaster recovery service in Dubai. As part of the agreement, IBM will implement an IBM Cloud-based Disaster Recovery as a Service (DRaaS) solution at DUTECH’s data center. The new service will provide organizations in Dubai with cloud-based business continuity capabilities and faster disaster recovery of critical IT systems and the ability to store its data in-country.
Disaster recovery as a service market can be segmented on the basis of service type, service provider, deployment and vertical. The deployment segment is further bifurcated into private cloud, public cloud and hybrid cloud. The cloud based solutions are growing significantly and are very flexible and cost efficient. The service provider segment is classified into cloud service provider, managed service provider and IT and telecommunication service provider. Out of these, the managed service provider segment is expected to grow at the highest CAGR during the forecast period owing to the data protection and data security it offers. Managed service providers remotely manage the IT infrastructure of an enterprise and hence prove to be cost effective by providing a subscription model.
North America is estimated to account for the largest share of the market in 2017. North America has a wide presence of key disaster recovery as a service providers, as well as U.S. is considered as the high adopter of connected technology. Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in disaster recovery as a service market in North America attributes to the technical advancements and increasing investments in cloud based solutions in that region.
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- Technology investors
- Integrated device manufacturers (IDMs)
- Research/Consultancy firms
- Government agencies
- Software providers
- Cloud Service providers
- Professional Service providers
- Solution providers
- Integration service providers
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