Disaster Recovery as a Service Sector to Surpass USD 13.5 Bln by 2021, States Occams in Its Report Published at MarketPublishers.com30 May 2016 • by Natalie Aster
LONDON – The worldwide disaster recovery as a service (DRaaS) sector is set to surpass the USD 13.5 billion mark by 2021-end, posting 44.2% CAGR. Such growth is chiefly being driven by the surging demand for data security, robust environmental changes that can potentially lead to natural catastrophe, rising frequency of data loss events, enhanced efficiency and cost effectiveness from the deployment of cloud services, increasing adoption amid SMBs.
Meantime, budget allocation remains a key challenge to the market growth as many organisations seldom have plans for disaster recovery (DR). Furthermore, due to a dearth of universal compatibility of DR solutions, the data still may run a risk. Though, there has been ongoing efforts from the service providers to deal with these issues successfully. The rising levels of awareness will also likely result in pre planning efforts increasingly taken by the organisations.
Region-wise, North America currently dominates the market, with Europe following after. The APAC DRaaS market is projected to expand at 50% CAGR in the offing due to increasing efforts for digitalisation in a slew of developing nations.
The market is led by large-size firms as they have more refined plans and greater investments. VMWare, Amazon.com, Inc., IBM Corporation, Cisco Systems, Inc., Microsoft Corporation, Inc., Google Inc., and Rackspace Hosting Inc. are some of the leading players in the industry.
Topical research report “Global Disaster Recovery as a Service Market Insights, Opportunity, Analysis, Market Shares And Forecast 2016 – 2022” elaborated by Occams provides a bird’s eye overview of the market. The research study presents a parametric analysis, key insights into the market, competitive landscape analysis, Porter’s five forces analysis, etc. Strategic recommendations are available as well. The report limelights key market driving forces, restraints and challenges and also identifies opportunities in the marketplace. It provides market segmentation based on solutions, services, company size, application field, and by geography; providing revenue figures (historical and forecast) for each segment discussed. The report provides an all-round analysis of the 30 prominent players by looking at their performance, strategies, etc.
More comprehensive reports by Occams are available at its page.