1 / 7

Disaster Recovery as a Service (DRaaS) Market Will Escalate Rapidly in the Near Future

The global disaster recovery as a service market has a highly fragmented and an intensely competitive vendor landscape, featuring a number of heavy-weight legacy disaster recovery companies and a vast number of pure-play DRaaS start-up ventures, observes Transparency Market Research in a recent report.

kishorkanade
Download Presentation

Disaster Recovery as a Service (DRaaS) Market Will Escalate Rapidly in the Near Future

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DISASTER RECOVERY AS A SERVICE (DRAAS) MARKETHigh Flexibility and Cost-effectiveness of DRaaS Solutions to Encourage Uptake The global DRaaS market is chiefly driven due to the vast cost and flexibility related benefits of cloud-based disaster recovery solutions over traditional disaster recovery solutions. Moreover, other benefits such as faster data recovery, simplicity in testing, and automation work in favor of DRaaS solutions as compared to traditional disaster recovery plans.  ©2019 Transparency Market Research, All Rights Reserved

  2. Table of Content

  3. Key Players in the Report: The Disaster Recovery as a Service (DRaaS) Market is concentrated in nature with leading players such as • IBM Corp. • VMWare Inc. • Cisco Systems Inc. • Symantec Corporation • Amazon Web Services • Commvault

  4. Report Highlights • The global disaster recovery as a service market has a highly fragmented and an intensely competitive vendor landscape, featuring a number of heavy-weight legacy disaster recovery companies and a vast number of pure-play DRaaS start-up ventures, observes Transparency Market Research in a recent report. Robust growth opportunities in the global DRaaS market have compelled several traditional disaster recovery companies such as HP Company, SunGard Data Systems, and IBM Corp., to venture into the sector of cloud-based disaster recovery services in the past few years. • The global DRaaS market, which valued at US$1.29 bn in 2015, will exhibit an exponential CAGR of 35.7% from 2016 to 2024, rising to an opportunity of US$21.55 bn by 2024. In terms of application, the global DRaaS market witnessed the most promising uptake in the government sector in 2015.  Request Sample of Report

  5. The vast rise in worldwide enterprise spending on the development of internal IT infrastructures across a number of industry verticals is also key to the vast growth opportunities of the global DRaaS market. Furthermore, growth of micro-, small and medium-sized enterprises (MSMEs) has increased the popularity of DRaaS as these solutions offer a viable cost-effective solution to achieve effective disaster recovery processes in a number of application sectors. • Concerns associated with the compliance and security of critical business data, which disaster recovery systems unremarkably handle during the process of replicating of data onto public/private cloud are some of the key challenges that limit the consumer-base of DRaaS solutions across the globe. Complexities related to the deployment of DRaaS solutions also hinder the rate of adoption of DRaaS solutions across a number of application areas and small-scale enterprises.

  6. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  7. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

More Related