What is Business Continuity Planning Software?
The business continuity planning software allows enterprises to manage, plan, and execute an effective business continuity or recovery plan, the software automates and helps in the process of identifying the potential disruptions in operations. This mitigates the risk and ensures the uninterrupted flow of the company's operations along with keeping the compliances.
The market study is broken down, by Application (Small and Medium Enterprises (SMEs) and Large Enterprises) and major geographies with country level break-up.
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.
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), Tricor Roots Consulting (Malaysia), Infochola Solutions Pte Ltd (Singapore), Business Continuity Planning Asia Pte Ltd (Singapore), AXCIENT (Axcient x360 Recover) (United States), ServiceNow (United States), SafeComs (Myanmar), DataCore Software (United States) and Assurance Software, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Business Continuity Planning Software market by Type, Application and Region.
On the basis of geography, the market of Business Continuity Planning 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). If we see Market by Pricing Option, the sub-segment i.e. Paid will boost the Business Continuity Planning Software 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. Cloud-based will boost the Business Continuity Planning Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Process And Asset Inventory will boost the Business Continuity Planning Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 28th April 2020, Assurance Software, Inc., the largest provider of business continuity management software and services, announced the acquisition of Avalution Consulting, a leading provider of business continuity solutions. This acquisition provides customers and the BCM community with direct access to an unrivaled level of BCM expertise – spanning consulting, software, staffing, and data research.
Market Trend
- Increasing Use of Cloud-based Business Continuity Planning Software
Market Drivers
- Demand for the Automation in Assisting the Development and Documentation of Recovery Plan
- Need for Building the Organisational Resilience
Opportunities
- Awareness about Business Continuity Planning Software in Organisational Structure
Restraints
- Risk of Malware Attacks and Data Privacy with Business Continuity Planning Software
Challenges
- Troubleshooting and Downtime Related Problems with Business Continuity Planning Software
Key Target Audience
Business Continuity Planning Software Developers, Business Continuity Planning Software 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.