About Disaster Recovery Solutions
Disaster recovery solutions include part of security planning which helps in protecting an organization from any kind of negative uncertain events. It is commonly used in various industries including all sizes of businesses. This solution allows organizations to maintain the management of critical functions after any kind of disruption related to data safety. It ensures business continuity focusing on the IT infrastructure and systems of the company.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Disaster Recovery Solutions is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Disaster Recovery Solutions market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amazon Web Services (United States), IBM Corporation (United States), Micro Focus International plc (United Kingdom), Acronis International GmbH (Switzerland), Dell EMC (United States), Microsoft Corporation (United States), FalconStor (United States), Carbonite (OpenText) (United States), Bluelock, LLC (InterVision Systems) (United States), Commvault (United States), Teradata Corporation (United States), TierPoint LLC (United States), Geminare (Canada), Recovery Point (United States) and Arcserve (CA Technologies) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are VMware (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Disaster Recovery Solutions market by Type (In-House, Colocation, Managed Colocation and Disaster Recovery as a Service (DRaaS)), Application (Large Size Enterprises and Small-medium Size Enterprises) and Region.
On the basis of geography, the market of Disaster Recovery Solutions 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). If we see Market by Industry Verticals, the sub-segment i.e. Government will boost the Disaster Recovery Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-cloue will boost the Disaster Recovery Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Upgradation in the Disaster Recovery Solutions
Market Growth Drivers:
Rising Concern about Data and Systems Related Safety and Need for Managing Data Recovery Operation in an Organisation
Challenges:
Technical Problems Related to Device Supportability and Lack of Disaster Recovery Plans in Small Companies Might Hinder the Disaster Recovery Solutions Market
Restraints:
Problems with the Outsourced Disaster Recovery Solution
Opportunities:
Increasing Virtualization in Various Industries will Boost the Disaster Recovery Solutions Market
Market Leaders and their expansionary development strategies
On 23rd June 2020, Teradata, the cloud data and analytics company, announced that Teradata’s Disaster Recovery as a Service (DRaaS) offering is now available on Vantage on Amazon Web Services (AWS) and Vantage on Microsoft Azure. Teradata DRaaS is a standardized disaster recovery service in which an on-premises customer receives a Teradata-managed environment in the public cloud, ready to be spun up at a moment’s notice in case of downtime of customers’ onsite analytic systems.
On 2nd December 2020, Commvault has announced enhanced capabilities for its Commvault Disaster Recovery solution. Commvault Disaster Recovery now supports recovery automation with continuous replication for VMware workloads. Additionally, the solution supports orchestration to, from, and between on-premises, Microsoft Azure, and Amazon Web Services (AWS).
Key Target Audience
Disaster Recovery Solutions Providers, Disaster Recovery Solutions Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.