Industry Background:
Disaster recovery as a service is also known as recovery as a service. It is a category of cloud computing which is mainly used for protecting data from both natural and human disaster. Numerous benefit of using disaster recovery as a service such as managed services ensure business continuity, maintain in-house control, recovery time is faster, among others. Rising demand from the information technology industry and technology advancement in disaster recovery as a service are some of the major factors which affect the growth of market in future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Amazon Web Services (United States), Cable & Wireless Communications Limited (United Kingdom), IBM Corporation (United States), SunGard Availability Services (United States), Microsoft Corporation (United States), iland Internet Solutions (United States), Infrascale, Inc. (United States), Bluelock, LLC (United States), Recovery Point Systems (United States) and Acronis International GmbH (United States) |
This growth is primarily driven by The benefit regarding Cost-Effective of Disaster Recovery as a Service, Fast Recovery of Data and Greater Flexibility and Automation Capabilities and Increasing Focus on Automated Change Management.
Globally, a noticeable market trend is evident Rising Adoption of Cloud-Based Application across the Information Technology Sector across the world The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Amazon Web Services (United States), Cable & Wireless Communications Limited (United Kingdom), IBM Corporation (United States), SunGard Availability Services (United States), Microsoft Corporation (United States), iland Internet Solutions (United States), Infrascale, Inc. (United States), Bluelock, LLC (United States), Recovery Point Systems (United States) and Acronis International GmbH (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The disaster recovery as a service market appears to be highly fragmented and with the presence of several companies including IBM Corporation (United States), SunGard Availability Services (United States), Microsoft Corporation (United States), among others
Key Developments in the Market:
In July 2018, the Sirius Computer Solutions Inc. ( United States) company and Recovery Point Systems Inc. (United States) Company, have expanded their partnership. In this partnership, it offers a set of packaged, multiplatform disaster recovery-as-a-service solutions. Hence, it would help in the expansion of the product portfolio of the company
Influencing Trend:
Rising Adoption of Cloud-Based Application across the Information Technology Sector across the world
Market Growth Drivers:
The benefit regarding Cost-Effective of Disaster Recovery as a Service, Fast Recovery of Data and Greater Flexibility and Automation Capabilities and Increasing Focus on Automated Change Management
Challenges:
Issue related to Difficulty in Achieving Security and Compliance
Restraints:
A problem regarding Compatibility Concerns over Traditional Service and also On-Premises Applications in Cloud Environment
Opportunities:
Increasing Adoption of Hybrid DR across the world and Emerging Market in China and India
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Disaster Recovery as a Service Market
- Analysis about New Entrants in Disaster Recovery as a Service Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Disaster Recovery as a Service Study Sheds Light on
The Disaster Recovery as a Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Disaster Recovery as a Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Disaster Recovery as a Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.