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What's driving Disaster Recovery-as-a-Service Market Growth? Top Players: Citrix Systems; IBM Corporation; Microsoft Corporation; NTT Communications

06-03-2019 03:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

What's driving Disaster Recovery-as-a-Service Market Growth?

With doors opened to increased data protection for enterprises of all sizes, the global Disaster Recovery-as-a-Service or DR in the cloud market is projected to lie in the high revenue-high growth quadrant, through 2018-2028, as per a recent analysis by Future Market Insights (FMI). High revenue growth of the global Disaster Recovery-as-a-Service market can be attributed to varying bandwidth, pricing, and scalability solutions being offered to small and medium businesses (SMBs) and smaller enterprises. Increased digitization and growing demand for Cloud and IoT, will translate into higher substantial global demand for Disaster Recovery-as-a-Service. A higher preference among small and medium enterprises (SMEs), compared to large enterprises, is expected to have a significant impact on the Disaster Recovery-as-a-Service market, as per the report. Moreover, enterprises are also investing in hybrid models of Disaster Recovery-as-a-Service, the report reveals.

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.

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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

ABOUT US:
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.

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Future Market Insights
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T: +1-347-918-3531
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T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Website: https:www.futuremarketinsights.com

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