According
to the new market research "Disaster Recovery as a Service
Market by Service Type (Backup & Recovery, Real-Time
Replication, Data Protection, and Professional Services), Service Provider,
Deployment Model, Organization Size, Vertical, and Region - Global Forecast to
2022", published by MarketsandMarkets™, the Disaster Recovery as a Service (DRaaS) market size
is expected to grow from USD 2.19 Billion in 2017 to USD 12.54 Billion by 2022,
at a Compound Annual Growth Rate (CAGR) of 41.8% during the forecast period.
The
demand for DRaaS is majorly driven by increased flexibility and automation
capabilities. With the increase in the adoption rate of cloud-based solutions
among Small and Medium-sized Enterprises (SMEs), the DRaaS market is expected
to grow rapidly.
Browse and
in-depth TOC on "Disaster Recovery as a Service Market"
68
- Tables
33
- Figures
136
- Pages
Backup and recovery service is expected to play a key role in the
Disaster Recovery as a Service market
The backup
and recovery service type is expected to have the largest market share in the
service type segment of the DRaaS market during the forecast period. The backup
and recovery service plays a key role in the DRaaS market, as it provides
cost-effective, automated, reliable, secure, and scalable solutions to
enterprises ensuring business continuity in the event of disaster.
Managed Service Providers (MSPs) segment is expected to grow at
the highest rate during the forecast period
Among DRaaS
providers, the MSPs segment is expected to grow at the highest rate in the
DRaaS market during the forecast period. MSPs offer DRaaS services to help
organizations offload the burden of data protection and data security, and
ensure business continuity in the event of a disaster. They offer remote
management and monitoring of IT infrastructure of the end-user under a
subscription model. Therefore, enterprises are opting for MSPs to overcome the
challenges of budget constraints and lack of technical expertise, as MSPs have specialized
human resources, infrastructure, and industry certifications.
Asia Pacific (APAC) is projected to grow at the highest CAGR
North
America is estimated to hold the largest market share in 2017, while APAC is
projected to be the fastest growing region with the highest CAGR, due to the
rapid data generation in many countries. The emergence of cloud technology and
mandatory government regulations are expected to boost the growth of the cloud
backup market in APAC.
Major
vendors providing DR services are Amazon Web Services (Washington, US), Cable
& Wireless Communications Limited (London, UK), IBM Corporation (Armonk,
New York, US), SunGard Availability Services (Pennsylvania, US), Microsoft
Corporation (Washington, US), iland Internet Solutions (Texas, US), Infrascale,
Inc. (California, US), Bluelock, LLC (Indiana, US), Recovery Point Systems
(Maryland, US), Acronis International GmbH (Massachusetts, US), TierPoint, LLC
(Missouri, US), and Geminare Incorporated (California, US).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/recovery-as-a-service-market.asp
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