Global Disaster Recovery-as-a-Service (DRaaS) Market 2015-2019
About Disaster Recovery as a Service
Disaster recovery as a service refers to services that offer business continuity by enabling data backup, recovery, and retrieval. It is one of the fastest growing segment in the cloud-based recovery model under infrastructure as a service market. It can help enterprises to record business critical data files during the occurrence of natural calamities such as floods, tornados, hurricanes, or even a sudden and unforeseen system failure. It also ensures the availability of IT infrastructure in an event of disaster. As data are an integral part of many business operations, securing them becomes very critical and involves the need for efficient implementation of disaster recovery services.
TechNavio's analysts forecast the Global Disaster Recovery as a Service market to grow at a CAGR of 52.05 percent over the period 2014-2019.
Covered in this Report
This report provides information about the market share of the Global Disaster Recovery as a Service market. This report also covers information about the market segmentation by deployment model and geography.
TechNavio's report, Global Disaster Recovery as a Service Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Disaster Recovery as a Service market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Vendors
TechNavio Announces the Publication of its Research Report – Global DRaaS Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global DRaaS Market: CA Technologies, Geminare Inc., Hewlett Packard (HP) Corp., IBM Corp. and SunGard Inc.
Other Prominent Vendors in the market are: Acxiom, Amazon Web Services, Axcient, CenturyLink, CommVault Systems, Datto Backup, Equinix, Evault, Getronics, Iland, Latisys, Microsoft, Nexica, Phoenix IT Group, Rackspace, Recovery Point Systems, Verizon Communications, VMware and Windstream Communications.
Commenting on the report, an analyst from TechNavio’s team said: “Increased adoption of hybrid cloud DRaaS is one of the key trends emerging in this market. With the increase in adoption of the hybrid cloud DRaaS, large enterprises and SMEs enjoy many benefits from the disaster recovery process.”
According to the report, the ability it gives users to economically protect all applications through cloud-based disaster recovery is one of the major drivers for the market. Since companies find alternative ways to cover all applications under a disaster recovery plan, cloud-based solutions have emerged as an economical as well as optimum choice.
Further, the report states that one of the major challenges in the market is the lack of monitoring and complexity of deployment. Many business organizations lack appropriate systems to check backup data. Some organizations fail to recover from a disaster because of the lack of wholly covered disaster recovery plans.
CA Technologies , Geminare , HP , IBM , SunGard Data Systems , Acxiom Corporation, Amazon Web Services, Axcient , CenturyLink, CommVault Systems, Datto Backup , Equinix, Evault , Getronics, Iland , Latisys , Microsoft Corporation, Nexica , Phoenix IT Group , Rackspace ,Recovery Point Systems, Verizon Communications , VMware, Windstream Communications