logo
logo
Sign in

Disaster Recovery as a Service Market Projected to Grow $12.54 Billion by 2022

avatar
Jacob Hodgson
Disaster Recovery as a Service Market Projected to Grow $12.54 Billion by 2022

According to research report"Disaster Recovery as a Service Market by Service Type (Backup & Recovery, Real-Time Replication, Data Protection, and Professional Services), Service Provider, Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2022",published by MarketsandMarkets, global Disaster Recovery as a Service (DRaaS) market size is expected to grow from USD 2.19 Billion in 2017 to USD 12.54 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 41.8% during the forecast period.

The demand for DRaaS is majorly driven by increased flexibility and automation capabilities. With the increase in the adoption rate of cloud-based solutions among Small and Medium-sized Enterprises (SMEs), the market is expected to grow rapidly.

Download PDF Brochure:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=962

Browse 68 Market Data Tables and 33 Figures spread through 136 Pages and in-depth TOC on "Disaster Recovery as a Service Market - Global Forecast to 2022"

Backup and recovery service is expected to play a key role in the Disaster Recovery as a Service market

The backup and recovery service type is expected to have the largest market share in the service type segment of the DRaaS market during the forecast period. The backup and recovery service plays a key role in the market, as it provides cost-effective, automated, reliable, secure, and scalable solutions to enterprises ensuring business continuity in the event of disaster.

Managed Service Providers (MSPs) segment is expected to grow at the highest rate during the forecast period

Among DRaaS providers, the MSPs segment is expected to grow at the highest rate in the Disaster Recovery as a Service Market (DRaaS) market during the forecast period. MSPs offer DRaaS services to help organizations offload the burden of data protection and data security, and ensure business continuity in the event of a disaster. They offer remote management and monitoring of IT infrastructure of the end-user under a subscription model. Therefore, enterprises are opting for MSPs to overcome the challenges of budget constraints and lack of technical expertise, as MSPs have specialized human resources, infrastructure, and industry certifications.

Speak to Our Expert Analyst:  https://www.marketsandmarkets.com/RequestNewVersion.asp?id=962

Asia Pacific (APAC) is projected to grow at the highest CAGR

North America is estimated to hold the largest market share in 2017, while APAC is projected to be the fastest growing region with the highest CAGR, due to the rapid data generation in many countries. The emergence of cloud technology and mandatory government regulations are expected to boost the growth of the cloud backup market in APAC.

Major vendors providing DR services are Amazon Web Services (Washington, US), Cable & Wireless Communications Limited (London, UK), IBM Corporation (Armonk, New York, US), SunGard Availability Services (Pennsylvania, US), Microsoft Corporation (Washington, US), iland Internet Solutions (Texas, US), Infrascale, Inc. (California, US), Bluelock, LLC (Indiana, US), Recovery Point Systems (Maryland, US), Acronis International GmbH (Massachusetts, US), TierPoint, LLC (Missouri, US), and Geminare Incorporated (California, US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: [email protected]

collect
0
avatar
Jacob Hodgson
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more