(MENAFN - GetNews) The report on the global Disaster Recovery as a Service (DRaaS) market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
Disaster recovery as a service is basically replication and hosting of physical or virtual servers by a third party to provide failover in the event of a manmade or a natural catastrophe. It is cost effective and provides faster data recovery along with great flexibility.
Major forces driving the growth of disaster recovery as a service market are the increasing adoption of cloud based solutions and speedy data recovery. It provides, reliable, scalable and secure solutions and ensures the continuity of business even in case of disaster.
The disaster recovery as a service market has been segmented on the basis of service type, service provider, deployment and vertical. The service type is further bifurcated into real time replication, backup, data security and professional services. Out of which, the professional services segment is expected to grow at the highest CAGR during the forecast period owing to increasing business needs like training and consultation, support and maintenance and system integration. While the backup service is expected to hold the largest market share in the service type segment. Backup service segment plays a significant role by proving reliable and scalable solutions for disaster recovery.
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Major Key Players
- Amazon Web Services (U.S.),
- IBM Corporation (U.S.),
- Microsoft Corporation (U.S.),
- Sungard Availability Services (U.S.),
- VMware Inc. (U.S.),
- Cable & Wireless Communications (U.K.),
- Cisco Systems (U.S.),
- HP Enterprises Company (U.S.),
- Treo Information Technology (Turkey)
- NTT Communications (Japan)
are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Market.
According to Market Research Future Analysis, Disaster Recovery As A Service Market has been valued at approx. USD 21 Billion by the end of forecast period with 44% of CAGR during forecast period 2017 to 2023.
The embryonic market of Disaster Recovery as a Service appears to be fiercely competitive and fragmented. Several large and small key players are churning the competition to gain competitive edge accounting for a substantial market share. Collaboration, Acquisition, partnership, product/ technology launch & expansion, remain the prevailing strategies of market players.
Industry/Innovation/ Related News:
InterVision Systems, LLC (US), a leading global provider of IT solutions, infrastructure, and services for the cloud ecosystem announced acquisition of Bluelock (US), a notable company for DRaaS & Managed Hosting The deal intent to enable organizations to thrive with next-generation IT, which will allow InterVision to expand its DRaaS with an industry leader, Bluelock.
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.
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.
North America is estimated to account for the largest share of the market in 2017. North America has a wide presence of key disaster recovery as a service providers, as well as U.S. is considered as the high adopter of connected technology. Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in disaster recovery as a service market in North America attributes to the technical advancements and increasing investments in cloud based solutions in that region.
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- Technology investors
- Integrated device manufacturers (IDMs)
- Research/Consultancy firms
- Government agencies
- Software providers
- Cloud Service providers
- Professional Service providers
- Solution providers
- Integration service providers
LIST OF TABLES
Table 1 Disaster Recovery As A Service Market, By Service Type
Table 2 Disaster Recovery As A Service Market, By Service Provider
Table 3 Disaster Recovery As A Service Market, By Deployment
Table 5 Disaster Recovery As A Service Market, By Vertical
LIST OF FIGURES
Figure 1 Research Type
Figure 2 Disaster Recovery As A Service Market, By Service Type (%)
Figure 3 Disaster Recovery As A Service Market, By Service Provider (%)
Figure 4 Disaster Recovery As A Service Market, By Deployment (%)
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