Global Disaster Recovery Systems Market Overview:
Disaster recovery is the formal planning process through which a company develops a strategy for dealing with disruptive events such as natural disasters, cyberattacks, and power outages. A disaster recovery plan, a formal document that describes responsibilities, policies, processes, and resource allocation to assist firm executives in managing the aftermath of a cataclysmic event, is often the result of the disaster recovery process.
Growth Drivers
- Growing Number Of Cyberattack Case
- Rising Public Awareness Of Cloud-Based Backup
Roadblocks
- High Costs Associated With Cloud Backup And DR
- High Demand Of Strong And Stable Internet Connection
Opportunities
- Government Regulation For Data Protection
- Increase The Utilization Of Cloud Based Service In Various Sector
Challenges
- Technological Complexity Associated To DR System
- Data Security Concern
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Zerto (United States), Microsoft (United States), IBM (United States), Actifio (United States), Acronis Backup Cloud (Switzerland), Arcserve (United States), Axcient (United States), Barracuda (United States), Carbonite (United States) and CloudBerry (United States). Additionally, following companies can also be profiled that are part of our coverage like Datto (United States), Commvault (United States), Asigra (Canada) and Dell EMC (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Disaster Recovery Systems market by 2026. Considering Market by End User Industry, the sub-segment i.e. BFSI will boost the Disaster Recovery Systems market.
On 2 November 2021 Recovery Point Systems, an Abry Partners company has acquired Geminare, a global resiliency application and data protection innovator. Geminare brings maturity, capability, and reliability across virtually all disaster recovery, business continuity, and Disaster Recovery as a Service (DRaaS) technologies with its globally recognized Resiliency Management Platform (RMP).
What Can be Explored with the Disaster Recovery Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Disaster Recovery Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Disaster Recovery Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Disaster Recovery Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Disaster Recovery Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Disaster Recovery Systems, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.