Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Disaster Recovery as a Service Market by Provider & Deployment Model – 2021

Friday, October 14, 2016 13:30
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The key forces driving the DRaaS market are its features of faster recovery, cost-effectiveness, enhanced flexibility, and simple testing. Also, DR services provide automation capabilities that lead to limited utilization of resources and low up-front cost. With the increase in the adoption rate of DR services among Small and Medium Enterprises (SMEs), DRaaS market is expected to gain major traction during the forecast period.

Backup service is expected to play a key role in the Disaster Recovery as a Service market

Backup service type is expected to have the largest market share in the services segment of the DRaaS market during the forecast period. The backup service plays a key role in the DRaaS market as it provides cost-effective, automated, reliable, secure, and scalable solutions to the enterprises ensuring business continuity in the event of disaster.

Managed Service Provider (MSP) segment is expected to grow at the highest rate during the forecast period

Among providers, the MSP segment is expected to grow at the highest rate in the DRaaS market during the forecast period. MSPs offer DRaaS services to help organizations offload the burden of data protection and data security, and ensure business continuity in the event of a disaster. They offer remote management and monitoring of IT infrastructure of the end-user under a subscription model. Therefore, enterprises are increasingly opting for MSPs to overcome the challenges of budget constraint and technical expertise as they have specialized human resources, infrastructure, and industry certifications.

North America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastest

North America is expected to hold the largest market share and dominate the DRaaS market from 2016 to 2021 due to large investments in cloud-based solutions, early adoption of new and emerging technologies, and high penetration of internet. The APAC region is in the initial growth phase; however, it is the fastest-growing region for the global DRaaS market. The key reasons for the high growth rate in APAC are the explosion of new technologies combined with increasing business needs and increase in the number of organizations adopting DR services.

The major vendors providing DR services are Amazon Web Services (Seattle, Washington, U.S.); IBM Corporation (Armonk, New York, U.S.); Microsoft Corporation (Redmond, Washington, U.S.); SunGard Availability Services (Wayne, Pennsylvania, U.S.); VMware Inc. (Palo Alto, California, U.S.); Cable & Wireless Communications (London, U.K.); Cisco Systems (San Jose, California, U.S.); HP Enterprises Company (Palo Alto, California, U.S.); iLand Internet Solutions (Houston, Texas, U.S.); NTT Communications Corporation (Chiyoda, Tokyo, Japan); TierPoint, LLC (St. Louis, Missouri, U.S.); and Verizon Enterprise Solutions (New York, U.S.).

For More Infohttp://www.marketsandmarkets.com/Market-Reports/recovery-as-a-service-market-962.html

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.