Disaster Recovery as a Service (DRaaS) Market Global Leaders: Amazon Web Services, IBM Corporation, Microsoft Corporation, Sungard Availability Services, VMware, Treo Information Technology

Market Highlights:

Disaster recovery as a service is defined as replication and hosting of data on physical or virtual servers by a third party that saves data in the event of any kind of catastrophe. Market Research Future (MRFR) has published and released a research report about the global disaster recovery as a service (DRaaS) market that estimates excessive expansion for this market with 44% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. In terms of cash, the market is expected to rise to US $ 21 bn.

Analyzing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.

Primary factors driving the growth of the global disaster recovery as a service market include the increasing adoption of cloud-based solutions and speedy data recovery. Providing reliable, scalable and secure solutions, this market ensures the continuity of business even in case of disaster. The global DRaaS market has been segmented on the basis of deployment, service provider, service type, vertical, and lastly, region.

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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.

Industry News
January, 2018 - Veeam Software has acquired N2WS, a cloud-native enterprise backup and disaster recovery provider for Amazon Web Services (AWS). The acquisition ensures business continuity and reduces risk for AWS workloads, and expands the reach of Veeam’s Availability Suite, which uses virtualization, storage, and cloud technologies in the data centre to help organizations save time, mitigate risks, and reduce capital and operational costs.
January, 2018 - IBM and Dubai’s Port, Customs and Free Zone Corporation (PCFC), and its technical arm, DUTECH, announced an agreement to launch a cloud-based disaster recovery service in Dubai. As part of the agreement, IBM will implement an IBM Cloud-based Disaster Recovery as a Service (DRaaS) solution at DUTECH’s data center. The new service will provide organizations in Dubai with cloud-based business continuity capabilities and faster disaster recovery of critical IT systems and the ability to store its data in-country.

Competitive Analysis
The Market of disaster recovery as a service appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. Prominent vendors of disaster recovery are targeting to invest more in technology and research and development activities to innovate their already existing products.

Segmentation
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.

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Regional Analysis
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.

Intended Audience

• Technology investors
• Integrated device manufacturers (IDMs)
• Research/Consultancy firms
• Government agencies
• Software providers
• Cloud Service providers
• Professional Service providers
• Solution providers
• Integration service providers

TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
Continued…

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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
Continued…

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 (%)
Continued…

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