DRaaS Market in the US 2015-2019
DRaaS refers to services that enable data backup, recovery, and retrieval to help in resuming business functions in the event of a disaster or service disruption. It is one of the fastest growing segments in the cloud-based recovery model. It helps enterprises record mission-critical data during the occurrence of natural calamities such as floods, tornados, and hurricanes, or a sudden and unforeseen system failure. As data are an integral part of business operations, securing them requires efficient and effective implementation of disaster recovery services. It also ensures the availability of IT infrastructure in the event of a disaster. DRaaS market in the US has gained a lot of traction after the occurrence of several natural disasters, including Hurricane Sandy that inflicted heavy losses on the Eastern Coast of the US.
TechNavio's analysts forecast the DRaaS Market in the US to grow at a CAGR of 53.35 percent over the period 2014-2019.
Covered in this Report
DRaaS market in the US is segmented on the basis of end-users and the report also covers the major factors that cause disasters.
TechNavio's report, DRaaS Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape of DRaaS market in the US and its growth prospects over the coming years. The report also includes a discussion on the key vendors operating in this market.Key Vendors
Technavio Announces the Publication of its Research Report – DRaaS Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the DRaaS Market in the US: CA Technologies, EVault Inc. (Seagate Company), Geminare Inc., Hewlett Packard (HP) Corp., International Business Machines (IBM) Corp., iland, nScaled Inc., SunGard Data Systems Inc. and Verizon Communications
Other Prominent Vendors in the market are: Acxiom, Amazon Web Services, Axcient, CenturyLink, CommVault Systems, Datto Backup, Equinix, Latisys, Microsoft, Rackspace, Recovery Point Systems, Unitrends, Verizon Communications, VMware and Windstream Communications
Commenting on the report, an analyst from Technavio’s team said: “Appliance-based DRaaS solutions are one of the key trends being witnessed in this market. Appliance-based DRaaS, which is increasingly being implemented, offers many advantages to large enterprises and SMEs compared to traditional DR solutions.”
According to the report, DRaaS has an ability to economically protect all applications through cloud-based DR because of its reduced costs. Cloud-based DR solutions have emerged as an economical and optimal choice for enterprises.
Further, the report states that one of the major challenges in the market is the lack of awareness pertaining to the cost and coverage of DR plans. Many organizations have DR plans in place as per their requirement, but unawareness of the costs associated with disaster coverage plans is posing a problem. Additionally, some organizations fail to recover from a disaster because of the lack of wholly covered DR plans.
CA Technologies , Evault, Geminare , Hewlett Packard (HP), IBM, Iland, nScaled, SunGard Data Systems, Verizon Terremark , Acxiom , Amazon Web Services, Axcient , CenturyLink, CommVault Systems, Datto Backup, Equinix , Latisys , Microsoft ,Rackspace , Recovery Point Systems , Verizon Communications , VMware, Windstream Communications
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