Disaster Recovery as a Service Market Industry Outlook, Market Dynamics and Forecast to 2024

by navdeep kaurav Research Analyst

Faster recovery of data, greater flexibility and cost effectiveness are the major drivers for the global disaster recovery as a service market. Some of the other factors driving the global disaster as a recovery market are low cost, virtualization, high level of automation, easy deployment, recovery and secure storage and backup and 24x7accessibility.

In case of any disaster resulting in interruption of services, disaster recovery as a service (DRaaS) delivers organizations with several cost efficient methods to replicate and recover data center infrastructure and analytical servers to the cloud environment. Disaster recovery (DR) as a service offers business stability through a range of administrative measures and their implementation by certifying accessibility of IT organization in case of any disaster. 

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On the basis of solutions, the global disaster recovery as a service (DRaaS) market can be categorized into real time replication, disaster as a recovery planning, testing data security and compliance, and backup solution. On the basis of organization size, the market can be segmented into, small and medium businesses and large enterprises. On the basis of providers, the global disaster recovery as a service market can be divided into cloud service provider, disaster as a service provider, and telecom and communications service provider.

There are several challenges which are hindering the adoption rate of disaster as a service among small and medium sized-businesses in the disaster recovery across the globe. Such challenges include platform dependent cloud-based applications and disaster recovery planning among the small and medium sized businesses.

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Some of the competitors in the disaster recovery as a service market are Accenture, International Business Machines Corp., Seagate Technology LLC, Amazon Web Services, Inc., SUNGARD, Terremark Worldwide,, Commvault, CenturyLink, Hewlett-Packard Development Company, L.P., Microsoft, VMware, Inc., and Rackspace Hosting Inc.


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About navdeep kaurav Freshman   Research Analyst

3 connections, 0 recommendations, 20 honor points.
Joined APSense since, August 9th, 2019, From noida, India.

Created on Dec 10th 2019 00:29. Viewed 142 times.


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