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Disaster Recovery as a Service Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2019 to 2025
Disaster Recovery as a Service (DRaaS) Market is witnessing continuous growth due to the advancement in technologies such as cloud computing and integration of AI and machine learning with the existing solutions. Some of the current trends that will be important for the DRaaS market in the near future include(Get 15% Discount on Buying this Report)
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Increasing Use of the Hybrid Cloud for Disaster Recovery Solutions:
Having a hybrid cloud recovery implies having an on-premises appliance that serves as a replication engine to the cloud. It also serves as a potential recovery point. In case of any minor disaster, the applications are hosted there, instead of failing over to the cloud. Cloud-based solutions and software provide services including migrating applications, disaster recovery and backup, and hybrid cloud management to any enterprise. The hybrid cloud solutions also increase the resiliency with better recovery point objective (RPO) and recovery time objective (RTO).
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AI-Powered Disaster Recovery
AI and machine learning are better in preventing downtime than any human. Currently, IT workers continuously work to intricate forensic work to unravel the maze of issues that impact data delivery to applications which is found to be a hectic process. This in turn, is motivating DRaaS providing companies to provide AI integrated DRaaS solutions that will optimize the process of data recovery and delivery process. Hewlett Packard Enterprise company’s product portfolio offers a self-managing solution that detects and rapidly identify the root cause and then resolve the problem using data collection. Moreover, AI’s learning will help in delivering future software updates.
Virtualization of servers:
Server virtualization has propelled the market for new-age startups that provide DRaaS services. The companies offer low-cost solutions for all sizes of enterprises as virtual servers can now easily be replicated to the disaster recovery site’s virtual environment. The DRaaS providers are now focusing on developing disaster recovery software with more intelligence and greater capabilities. The features provided by the DRaaS products for virtualized servers include replication of virtual machines, agnostic of storage types and server hardware that allows near-instantaneous recovery point objectives. These solutions are also helping in reducing the time for data recovery from days to hours.
Disaster Recovery as a Service Market- Segmentation
By Deployment Model
• Public cloud
• Private Cloud
• Hybrid Cloud
By Verticals
• Banking, Financial Services and Insurance (BFSI)
• Government and Defense
• IT and Telecommunication
• Healthcare
• Others
Disaster Recovery as a Service Market - Segmented by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• Amazon Web Services, Inc.
• Axcient, Inc.
• Bluelock, LLC
• Broadcom Inc. (CA Technologies)
• Cisco Systems Inc.
• C&W Business
• Geminare
• Hewlett Packard Enterprise Co.
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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