What is Business Continuity Software Market?
The business continuity software offers abilities for risk assessment for availability, business impact analysis, dependency mapping, plan management, exercise and crisis management, and program management metrics and analysis. Business continuity management software helps the companies to classify and address potential disruptions in their operations. This type of software is used to safeguard the uninterrupted flow of a company’s operations by identifying risks, assessing their disruptive potential, and implementing procedures to mitigate them. Organizations also use business continuity management software for the purposes of compliance.
Highlights from Business Continuity Software Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Quantivate, LLC. (United States), Spanning Cloud Apps, LLC (United States), Microsoft Corporation (United States), VMware, Inc. (United States), Siber Systems, Inc. (United States), MetricStream Inc. (United States), Synology Inc. (China), Datto, Inc. (United States), AXCIENT (Axcient x360 Recover) (United States), ServiceNow (United States), Assurance Software, Inc. (United States), Badger Software (United Kingdom) and ClearView Continuity (United Kingdom) |
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Business Continuity Software market throughout the forecasted period.
Quantivate, LLC. (United States), Spanning Cloud Apps, LLC (United States), Microsoft Corporation (United States), VMware, Inc. (United States), Siber Systems, Inc. (United States), MetricStream Inc. (United States), Synology Inc. (China), Datto, Inc. (United States), AXCIENT (Axcient x360 Recover) (United States), ServiceNow (United States), Assurance Software, Inc. (United States), Badger Software (United Kingdom) and ClearView Continuity (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are LogicManager (United States), Enablon (United States), RecoveryPlanner (United States) and Avalution (United States). Business Continuity Software Market Segmentation:
Scope | Sub-Segments |
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Deployment Mode | On Premises,Cloud Based,Software as a service (SaaS) |
End-Use | SMEs,Large Enterprises |
Subscription | Monthly,Yearly,One-time License |
On the basis of geography, the market of Business Continuity Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Cloud-based Business Continuity Software
Market Growth Drivers:
Demand for the Automation in Assisting the Development and Documentation of Recovery Plan and Increasing operational risks in organizations
Challenges:
Troubleshooting and Downtime Related Problems with Business Continuity Planning Software
Restraints:
Risk of Malware Attacks and Data Privacy with Business Continuity Software
Opportunities:
Awareness about Business Continuity Planning Software in Organisational Structure
Key Target Audience
Business Continuity Software Developers, Business Continuity Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Business continuity software also helps ensure that programs are compliant with relevant standards and regulations. An increasing number of organizations are requiring their business partners to be compliant with business continuity standards, such as ISO 22301 and related specifications in the ISO 223xx series.