What's driving Disaster Recovery-as-a-Service Market Growth? Top Players: Citrix Systems; IBM Corporation; Microsoft Corporation; NTT Communications
A senior research analyst says while offering the market background, “Continuous innovations for the implementation of Disaster Recovery-as-a-Service across industry verticals, increasing ransom ware and cyber threats, and risk in compliances are some critical factors creating concurrent demand for Disaster Recovery-as-a-Service, globally. “Expanding at an exponential CAGR of 35.4 percent in 2019, the global Disaster Recovery-as-a-Service market is expected to increase 25.9X between 2018 and 2028, standing at a valuation of US$ 4.4 Billion through 2019”, the analyst states further.
In the wheel of fortune, the FMI report on Disaster Recovery-as-a-Service has placed various market segments including end-user, type of service, service provider, and vertical on different orbitals, characterizing their growth projections. Most of the market segments fall in the growth quadrants. However, service type in the form of real-time replication services and healthcare vertical are projected to lie in the introductory quadrant.
Download Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3351
Key Research Findings at a Glance
High demand for recovery and backup services will result in the segment holding more than 67 percent market share, in terms of services, representing a robust yearly revenue growth.
Deployments over cloud is expected to translate into a larger share of more than 62 percent for Cloud service providers in the Global disaster recovery-as-a-Service market. The suite will be followed by telecommunications service providers, growing at an exceptional CAGR of more than 40 percent.
BFSI especially for e-payments applications and telecommunication and IT will witness high adoption of disaster recovery-as-a-Service considering increasing pressure for recovery and protection of valuable information within these verticals.
Retails and consumer goods is also a rapidly emerging vertical, projected to generate US$ 768.3 Mn in 2019, through increased deployment of disaster recovery-as-a-Service.
Small and medium enterprises continues to reign supreme over larger companies in terms of deployment of disaster recovery-as-a-Service—the former expanding at an exponential CAGR of approximately 42 percent.
Regional Analysis: FMI Spots Lucrative Opportunities in Developing Markets
Although North America is expected to dominate the disaster recovery-as-a-Service landscape, owing to high adoption and implementation of advanced IT software and services in the region, in conjunction with increasing cyber threats and crimes, emerging markets including China, and SEA and Others of APAC are also projected to demonstrate substantial growth opportunities.
In terms of value, the market in China is expected to increase 36.2X between 2018 and 2028. Although still in infancy, real time replication services in China is expected to exhibit a relatively higher growth along with recovery and backup services, considering higher threats to SMEs in the region.
Expanding at 22.1X, the disaster recovery-as-a-Service marker in SEA and others of APAC also presents rewarding revenue opportunities for vendors, arising from ever-growing digitization and various tier-1 companies having strong presence across developing economies.
Enterprises have been transitioning from Disaster Recovery Service to Disaster Recovery-as-a-Service, further enabling to relinquish the responsibility of their disaster recovery data centre/data storage to a respective service provider, thereby, making data management more efficient at reduced costs. Moreover, Disaster Recovery-as-a-Service offers flexible, secure, and scalable solutions to enterprises—ensuring stable operational processes in the event of disaster.
Download Methodology of Report @ https://www.futuremarketinsights.com/askus/rep-gb-3351
Competitive Landscape Analysis of the Global Disaster Recovery-as-a-Service Market
With approximately 42 percent share of the current market revenue, Tier 3, emerging companies represent a highly concentrated landscape, with wider offerings. Sum of market share of all small sized local Disaster Recovery-as-a-Service vendors is significantly higher than any individual Tier-1 player’s market share. The tier-3 companies include, Zerto, Veeam Software, Vox Telecom, and Datacentrics
Tier-1, leading companies including NTT Communications, IBM Corporation, Amazon Web Services, and Microsoft Corporation hold a market share of nearly 38 percent, with key focus on product innovation strategies.
Disaster Recovery-as-a-Service vendors falling under tier-2 category, account for roughly 20 percent of the total market share. Acronis, Sungard, and Citrix are the leading tier-2 players profiled in the FMI report on Disaster Recovery-as-a-Service market. As their key differentiation strategy, the tier-2 players are anticipated to enter into strategic partnerships with various tier-1 and tier-2 companies to expand its offerings to other potential end-users along with accelerating its product developments and go-to-market initiatives.
Besides expansion strategies, key Disaster Recovery-as-a-Service vendors are also making continual investments in research and development with an intention of implementing innovative solutions in its solutions and services.
Download to Browse Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-3351
Disaster Recovery As A Service Draas Market Reports - Table of Contents
1. Executive Summary
2. Market Introduction
3. Market Background
4. Market Forecast
5. Global Disaster Recovery-as-a-Service Market Analysis By Type of Service
6. Global Disaster Recovery-as-a-Service Market Analysis By Service Provider
7. Global Disaster Recovery-as-a-Service Market Analysis By Vertical
8. Global Disaster Recovery-as-a-Service Market Analysis By End-User
9. Global Disaster Recovery-as-a-Service Market Analysis By Region
10. North America Disaster Recovery-as-a-Service Market Analysis
11. Latin America Disaster Recovery-as-a-Service Market Analysis
12. Western Europe Disaster Recovery-as-a-Service Market Analysis
13. Eastern Europe Disaster Recovery-as-a-Service Market Analysis
14. South East Asia and Others of Asia Pacific Disaster Recovery-as-a-Service Market Analysis
15. China Disaster Recovery-as-a-Service Market Analysis
16. Japan Disaster Recovery-as-a-Service Market Analysis
17. Middle East and Africa Disaster Recovery-as-a-Service Market Analysis
18. Market Structure Analysis
19. Competition Analysis
20. Assumptions and Acronyms
21. Research Methodology
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): + 44 (0) 20 7692 8790
Press Office: Press@futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What's driving Disaster Recovery-as-a-Service Market Growth? Top Players: Citrix Systems; IBM Corporation; Microsoft Corporation; NTT Communications here
News-ID: 1762761 • Views: 222
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Disaster
Disaster Relief Logistics Market 2018-2023
Disaster Relief Logistics Market Disaster relief logistics service providers must be equipped with require quantity of resources and expertise to aid the society during disasters. Also, these logistics companies offer information and communication technology platforms to aid in rescue operations. This market study identifies the increased need for handling logistics operations by professional logistics companies to be one of the primary growth factors for the disaster relief logistics market. A sample of
Unisecure - Disaster Recovery guarantee your business continuity.
Conshohocken, US, 17th April 2018 | Unisecure, USA's leading IT solutions provider, is best when it comes to disaster recovery services ensuring business continuity. Their DRaaS is based on an analysis which helps in resistance, resilience, and recovery of mission-critical data of enterprises. Unisecure have Recovery Time Objective and Recovery Point Objective technologies to get your business back on track immediately. Unisecure disaster recovery services follow: Risk-impact Analysis: A Disaster is
Better practice for disaster situations
Events such as the attack at Breitscheidplatz in Berlin or the train crash near Bad Aibling have shown that it is important for aid organizations, the fire service, the police, the German Federal Agency for Technical Relief, and relief agencies to be prepared for major incidents and catastrophes. Full-scale drills of mass-casualty incidents (MCIs) enable relief forces to take set pieces previously practiced in isolation, run them together and prepare
[infographic] Disaster Preparedness and Prevention
Disaster preparedness methods and prevention infrastructure have been proven to mitigate the impacts of catastrophes on citizens around the world. As shown in the infographic by the Aid and International Development Forum (AIDF), every euro spent on disaster prevention efforts is predicted to result in €4 savings that would go towards response efforts. In 2016, the European Commission released a report of its planned investments for the countries in the
Environmental disaster in Vietnam
In Vietnam occurred the biggest environmental disaster since the deployment of Agent Orange by the Americans during the Vietnam War. It happened almost unnoticed by the world while Europe was busy with the refugee crisis and America with the forthcoming presidential elections of the USA. The perpetrators of the environmental disaster come from abroad and are supported by the Vietnamese politicians, similar as it was happen at the Vietnam War. "
App Developer Donates to Japan Disaster Relief
The times ahead for the Japanese people will be tough. I have friends in Japan that have been affected by this terrible natural disaster. I want to do as much as I can to help. I will be donating 100% of my revenue from my iPhone app A+ FlashCards Study Helper (http://bit.ly/dZYqUG) during the week of March 15 - March 22 to Red Cross to help the victims of the