Disaster Recovery as a Service Market

New Product Developments, to Gain a Strong Foothold in the Disaster Recovery as a Service Market

The 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. DRaaS enables replication of data and application to ensure business continuity in the event of a disaster. With the increasing adoption rate of cloud-based solutions among Small and Medium-sized Enterprises (SMEs), the DRaaS market is expected to grow rapidly.

Key players in the DRaaS market include Amazon Web Services (Washington, US), Cable & Wireless Communications Limited (London, UK), IBM Corporation (Armonk, New York, US), SunGard Availability Services (Pennsylvania, US), TierPoint, LLC (Missouri, US), and VMware Inc. (California, US). These players have adopted various strategies, such as partnerships, agreements, mergers and acquisitions, and new product developments, to gain a strong foothold in the DRaaS market and achieve better profit margins.

SunGard AS has consistently focused on new product launches and partnerships strategy to deliver high quality and advanced technology products and services. In the recent years, the company has adopted various business strategies to expand its customer base and enhance its brand equity. In May 2016, SunGard AS introduced cloud-based recovery for SAP HANA which enables enterprises to gain the advantages of DRaaS. This product enables end-users to limit business risk by protecting SAP HANA-based applications with a flexible, pre-engineered, and SLA-protected DR solution.

IBM’s core experience in the cloud technology and services has enabled it to provide highly competitive end-to-end solutions which can tackle emerging challenges that end-users are facing in the DRaaS market. Moreover, the company is focusing on the inorganic growth strategy, which helps it to expand its customer base, revenues, and profit margins. For instance, in February 2016, IBM and VMware formed a strategic partnership designed to help enterprises benefit from cloud. They agreed to jointly market and sell new offerings for hybrid cloud deployments, including disaster recovery, seamless workload migrations, data center consolidation, and capacity expansion.

The DRaaS market research report analyzes global adoption trends, future growth potentials, key drivers, vendor portfolio analysis, restraints, opportunities, and value chain in the market.

Related Reports:

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

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Report Code
TC 3490
Published ON
Sep, 2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Disaster Recovery as a Service Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved