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Global DRaaS Market is Anticipated to Grow at a CAGR of 34.7% from 2016 to 2024
Variant Marke t Research
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Service providers, company size, deployment model, cloud type, service type, application and geography are the key segments of the global disaster recovery as a service (DRaaS) market. Service providers segment has been segmented into cloud service providers (CSP), telecom & communication service providers and managed service providers (MSP). Additionally, Application segment includes BSFI, government, manufacturing & logistics, IT & telecom, retail & e-commerce, media & entertainment, education and others.
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The global disaster recovery as a service (DRaaS) market by geography is bifurcated into North America, Europe, Asia-Pacific and RoW. North America held the highest market share of 34.5% in 2016 and is anticipated to grow at the fastest CAGR during the forecast period. Europe accounted for the second largest market share.
Various strategies have been adopted by the market players to boost their geographical presence and product portfolio. The major players in the disaster recovery as a service (DRaaS) market include IBM Corp., HP Enterprises Company, Amazon Web Services, TierPoint, LLC, Cisco Systems, Inc., SunGard Availability Services, Symantec Corporation, Microsoft Corporation, NTT Communications Corporation, and VMWare, Inc., among others.
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