HOME Press Releases Disaster Recovery as a Service Market worth $11.92 Billion in 2020



Disaster Recovery as a Service Market worth $11.92 Billion in 2020


The report Disaster Recovery as a Service Market by Solution (Disaster Planning & Testing, Real-Time Replication, Backup Solution, Data Security & Compliance), by Service Provider (Disaster Recovery, Cloud, Telecom & Communication) – Global Forecast to 2020”, defines and segments the DRaaS market into various sub-segments with an in-depth analysis and estimation of market size. It also identifies the drivers and restraints for this market with the insights on trends, opportunities, and challenges.

     Download PDF Brochure     Speak to Analyst     Inquiry Before Buying

Browse 70 market data tables and 46 figures spread through 140 pages and in-depth TOC on “Disaster Recovery as a Service Market by Solution (Disaster Planning & Testing, Real-Time Replication, Backup Solution, Data Security & Compliance), by Service Provider (Disaster Recovery, Cloud, Telecom & Communication) – Global Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/recovery-as-a-service-market-962.html
Early buyers will receive 10% customization on reports.

Disaster Recovery as a Service (DRaaS) refers to services that offer business continuity by enabling data backup, recovery, and retrieval. It is the process of replicating virtual servers to protect and back up data in the case of man-made or natural disasters. Over the passage of time, companies realized how significantly downtime costs and data loss affects their business operations. This factor created a need of effective disaster recovery among the SMBs and large enterprises that could reduce the recovery time, costs, and complexities compared to the traditional recovery process.

MarketsandMarkets has broadly segmented the DRaaS market by solution: DR planning and testing, real time replication, backup solution, and data security and compliance; by vertical: BFSI, retail & wholesale, healthcare, government, education, telecommunication and Information Technology (IT), manufacturing, transportation & logistics, media and entertainment, and others; and by region: North America, Europe, Latin America, Asia-Pacific (APAC), and the Middle East and Africa (MEA).

MarketsandMarkets believes that the lack of DR planning among the SMBs and platform dependent cloud-based applications are the major constraints in the DRaaS market. These challenges carry a significant potential of hampering the adoption rate in the DRaaS market by numerous SMBs across a wide range of verticals.

The DRaaS market is estimated to grow from $1.42 Billion in 2015 to $11.92 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 52.9% from 2015 to 2020. In regional segmentation, North America is expected to be the largest market in terms of market size while Latin America, Asia-Pacific (APAC), and the Middle East and Africa (MEA) are expected to emerge rapidly in this market at high CAGRs.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports