Disaster Recovery as a Service Market to Observe Strong Development of 38.58% CAGR by 2023 | Global Key Players - Microsoft, Dell EMC, Commvault, IBM, HPE, Veritas Technologies, Symantec, Oracle

Marketprognosis.com Publish a New Market Research Report On “Disaster Recovery as a Service Market Growth, Trends and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Disaster Recovery as a Service (DRaaS) Market:

The Global Disaster Recovery as a Service (DRaaS) Market was valued at USD 1.94 Billion in 2017 and is projected to reach a value of USD 13.74 Billion by 2023, at a CAGR of 38.58% over the forecast period, 2018-2023.

Disaster recovery services play a vital role in today's businesses, as they are highly dependent on and steered by the IT environment. The system helps in gathering and storing all the data relevant to the company. Thus, it creates a necessity for IT-dependent industries to keep pace with advances in the disaster recovery technology. The cloud-based storage method is expected to attract business firms and increase the outsourcing of recovery service during the forecast period.

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There are several advantages to cloud-based disaster recovery solutions, of which, the most important are the inherent benefit of flexibility and cost effectiveness. Cloud-based disaster recovery leads to faster data recovery, and hence, attains the recovery goals of the company. With increase in the adoption of hybrid cloud, SMEs have found various benefits to protect them from certain disasters. The adoption of hybrid cloud disaster recovery by businesses will eliminate the need for a secondary disaster recovery site. Moreover, the hybrid cloud will also reduce expenses and complexities of managing and maintaining a system.

In North America, disaster recovery services are expected to account for a greater share of the overall IT expenses of organizations over the forecast period. The need to reduce the financial toll that arises from network outages and system downtime is driving an increasing number of SMEs to plan actively for business continuity services. Changing regulatory compliance is also pressurizing organizations, particularly in the United States to adopt disaster recovery services.

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Major Key Players:

1 Microsoft Corporation

2 Dell EMC

3 Commvault

4 IBM Corporation

5 HPE Co.

6 VeritasTechnologies

7 Symantec Corporation

8 Oracle Corporation and More………………..

This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

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In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Disaster Recovery as a Service (DRaaS) Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Disaster Recovery as a Service Market Segmentation

6 Competitive Intelligence – Company Profiles

7 Investment Analysis

8 Future of the Disaster Recovery as a Service Market

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This release was published on openPR.