Disaster Recovery As A Service (Draas) Market By Various Region
Posted by avinash on February 25th, 2020
Disaster Recovery as a service (DRaaS) market refers to replication or hosting of virtual or physical servers to a third party business location, which either includes backup appliances or cloud, for enabling data and information recovery in case of any natural or manmade calamity. Significant number of advantages over the conventional disaster recovery, such as elimination of downtime, reduction in IT costs and resources is expected to present major traction to the industry growth.
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Requirement to fix first and run later is eliminated owing to adoption DRaaS, is expected to prominent factor propelling the market growth
Mitigation and preparedness in emergence of a calamity is of significant importance, as corporate data is considered as high value asset in this data driven world. According to our research findings, digital information accounts for over 50% of the company’s total business value exceeding the software and IT infrastructure costs. Loss of consumer information, company and brand reputation, additional data recovery and other IT costs, and long business downtimes are among the major factors that can negatively impact the business propagation. Capacity of DRaaS to overcome these drawbacks is anticipated to be the major factor that will contribute to the disaster recovery as a service market growth. Moreover, owing to the cloud operations, these offerings provide smooth functioning of businesses through virtualization of the whole infrastructure. This enables the concept of run first and fix later capability for business functioning, which will continue to be the major growth factor over the forecast period.
Advancements to enable full data recovery in least time requirements is expected to provide considerable boost to the industry growth
According to Coherent Market Insights research findings, hardware failures, software or upgrade installation, power loss or interruption, and accidental data deletion are among the major reasons leading to loss of data. Ability of the solutions to provide 100% recovery in matter of hours in such circumstances is expected to boost the adoption over the forecast period.
Disaster Recovery as a Service Market Taxonomy
On the basis of DRaaS types, the global disaster recovery as a service market is classified into:
On the basis of services, the global disaster recovery as a service market is classified into:
On the basis of providers, the global disaster recovery as a service market is classified into:
On the basis of deployment models, the global disaster recovery as a service market is classified into:
On the basis of enterprise, the global disaster recovery as a service market is classified into:
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Chief industry participants include Acronis International, Amazon Web Services, Cisco Systems, Microsoft Corporation, IBM Corporation, Sungard Availability Services, VMWare, Hewlett Packard Enterprise, iland Internet Solutions, and NTT Communications Corporation, among few others.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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About the Authoravinash
Joined: February 19th, 2020
Articles Posted: 52
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