Disaster Recovery as a Service Market to achieve growth with 44% CAGR by 2023 :

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on  Disaster Recovery as a Service  Market Research Report.

Disaster recovery as a service is defined as replication and hosting of data on physical or virtual servers by a third party that saves data in the event of any kind of catastrophe. Market Research Future (MRFR) has published and released a research report about the global disaster recovery as a service (DRaaS) market that estimates excessive expansion for this market with 44% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. In terms of cash, the market is expected to rise to US $ 21 bn.  

Analyzing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.

Primary factors driving the growth of the global disaster recovery as a service market include the increasing adoption of cloud-based solutions and speedy data recovery. Providing reliable, scalable and secure solutions, this market ensures the continuity of business even in case of disaster. The global DRaaS market has been segmented on the basis of deployment, service provider, service type, vertical, and lastly, region.

The deployment-based segmentation segments this market into hybrid cloud, private cloud, and public cloud. On the basis of the service provider, the market has been segmented into cloud service provider, managed service provider, telecom & communication service provider, and others. By service type, the market has been segmented into backup service, data security service, professional services, real-time replication, support & maintenance, system integration, and training & consulting. As per verticals, the market has been segmented into Banking, Financial Services and Insurance (BFSI), government, healthcare, Information Technology (IT) & Telecommunication manufacturing, media, retail, and others.

The regional segmentation of the global disaster recovery as a service market has been segmented into continent-based regional markets known as the Asia Pacific, North America, Europe and rest of the world (RoW). According to the report, North America has been estimated to hold the largest market share. The key reasons for North America being the largest market include technological advancements and increasing investments in cloud-based solutions. The most important country-specific markets in this region are the United States of America (USA) and Canada. Many key players in the global DRaaS market are based in the USA.

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During the forecast period, Asia Pacific has been projected to grow at the fastest rate. The report predicts high adoption faster adoption and hence high revenue from this region, especially China, India, and Japan. Europe is a significant market is expected to stay strong during the forecast period due to the presence of strong economies like France, Germany, and the United Kingdom (UK). In Europe, the primary factors contributing to the market growth include the presence of advanced infrastructure and technological advancements in numerous countries. Other major factors enhancing the market growth include early adoption of emerging and advanced technologies and increasing business needs.

Key Players

The key players in the global disaster recovery as a service market include Amazon Web Services (USA), Cable & Wireless Communications (UK), Cisco Systems (USA), HP Enterprises Company (USA), IBM Corporation (USA), Microsoft Corporation (USA), NTT Communications (Japan), Sungard Availability Services (USA), Treo Information Technology (Turkey), and VMware Inc. (USA).

Latest Industry News

  • The joint federal/state/county disaster recovery center that has assisted the residents with the Kilauea eruption recovery has shut down permanently. 24 SEP 2018

  • Arcserve has introduced business continuity cloud, a new and the market’s only cloud-born solution to safeguard complex IT infrastructures amid growing data protection concerns. 9 OCT 2018