Disaster Recovery as a Service Market Revenue, Competitive Analysis, Demand and Opportunities Forecast to 2023
Faster recovery of data, greater flexibility and cost effectiveness are the major drivers for the global disaster recovery as a service market. Some of the other factors driving the global disaster as a recovery market are low cost, virtualization, high level of automation, easy deployment, recovery and secure storage and backup and 24x7accessibility.
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In the basis of solutions, the global disaster recovery as a service (DRaaS) market can be categorized into real time replication, disaster as a recovery planning, testing data security and compliance, and backup solution. On the basis of organization size, the market can be segmented into, small and medium businesses and large enterprises.
On the basis of providers, the global disaster recovery as a service market can be divided into cloud service provider, disaster as a service provider, and telecom and communications service provider. Based on services, the market can be segmented into support and maintenance, system integration, and managed services.
Increased adoption of hybrid cloud disaster recovery as a service, and high application of disaster as a service among mobile service providers are the major opportunities that are expected boost the global disaster as a service market during the forecast period. North America leads the global disaster as a recovery market, due to increasing adoption of disaster recovery as a service (DRaaS), solutions in small, mid-sized and large companies. The market in Asia-Pacific is expected to be the fastest growing during the forecast period, owing to the new opportunities emerging in countries such as Brazil, Mexico, and Argentina.
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Some of the competitors in the disaster recovery as a service market are Accenture, International Business Machines Corp., Seagate Technology LLC, Amazon Web Services, Inc., SUNGARD, Terremark Worldwide, All-Steam.net, Commvault, CenturyLink, Hewlett-Packard Development Company, L.P., Microsoft, VMware, Inc., and Rackspace Hosting Inc.
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