Press release
Disaster Recovery as a Service (DRaaS) Market Size valued at approx. USD 21 Billion by 2023 | Industry Analysis by Size, Key Players, Regional Outlook, Trends
Market Highlights:
Disaster Recovery as a Service or DRaaS, a comprehensive third-party service offers back up of all vital data, line-of-business applications and platforms on cloud and on-premise resources and also helps to recover it from system disasters easily, making it further accessible. Worldwide, businesses & enterprises are growing & increasing in numbers so is the amount of data they generate, growing minute by minute.
This overwhelming amount of data is often vulnerable to the breech/cyber theft as well as to the data loss (system disaster). While the issue of data theft is tackled by taking the measures of cyber security, companies get fumbled when it comes to securing the data loss, occurred due to the various reasons such as hardware/software failure, human error or kinds of natural disaster.
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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.
Competitive Analysis
The embryonic market of Disaster Recovery as a Service appears to be fiercely competitive and fragmented. Several large and small key players are churning the competition to gain competitive edge accounting for a substantial market share. Collaboration, Acquisition, partnership, product/ technology launch & expansion, remain the prevailing strategies of market players.
Industry/Innovation/ Related News:
InterVision Systems, LLC (US), a leading global provider of IT solutions, infrastructure, and services for the cloud ecosystem announced acquisition of Bluelock (US), a notable company for DRaaS & Managed Hosting The deal intent to enable organizations to thrive with next-generation IT, which will allow InterVision to expand its DRaaS with an industry leader, Bluelock.
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.
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.
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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
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…
For More Information Visit @
https://www.marketwatch.com/press-release/disaster-recovery-as-a-service-draas-market-2018-global-industry-share-size-key-players-regional-outlook-trends-competitive-strategies-and-regional-forecast-to-2023-2018-10-10
https://web.babbler.fr/document/show/disaster-recovery-as-a-service-market-projected-to-gain-significant-value-by-202
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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