Latest Research Report on Disaster
Recovery as a Service (DRaaS) Market begins with a deep introduction and then delves broad into specific
segments such as raw material, application, end user, and region, policy study,
value chain structure, and upcoming trends in particular segments or regions.
The report on Disaster Recovery as a Service (DRaaS) prepare a case for
investments in different regions based on a practical view of their regulatory
outline, manufacturing dynamics, and availability of skills and resources in
that region.
Disaster Recovery as a
Service (DRaaS) Market Report by Material, Application, and Geography – Global
Forecast to 2025 is a professional and in-depth research report on the world’s
major regional Disaster Recovery as a Service (DRaaS) Market conditions,
focusing on the main regions (North America, Europe and Asia-Pacific) and the
main countries (United States, Germany, united Kingdom, Japan, South Korea and
China).
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Increasing level of
competition among businesses has created a need to ensure protection, mending,
and backing up & recovery to prevent loss or theft of vital data, and is a
primary factor anticipated to drive the Disaster Recovery as a Service (DRaaS)
Market demand. Faster recovery, greater flexibility and cost effectiveness are
also potential market drivers. DRaaS enables faster recovery of data by
minimizing downtime. Modern day technology does not employ any hardware
component to execute the process due to the integration with cloud services,
thereby providing cost effective method. High flexibility is ensured as DRaaS
involves no hardware, staff or training for execution. The solution solely
works on cloud platform, which automates the operations efficiently.
Potential services offered
by DRaaS include DR planning, testing, backup solutions, data compliance,
real-time replication, data security, system integration and consultation,
maintenance and support. DRS can greatly provide financial benefits through
reduction in installation cost, buying, upgrading and maintenance of services
and tools. The industry is witnessing a paradigm shift with the adoption of
cloud-based services that are flexible and scalable, providing easy entry and
per person access cost. Large-scale utilization of hybrid cloud DRaaS and
increasing usage among mobile service providers are expected to provide avenues
for industry growth.
The DRaaS market is
essentially bifurcated on two main parameters that are Recovery Point Objective
(RPO) and Recovery Time Objective (RTO). RTO calculates the amount of downtime
a business can afford without any prominent loss and RPO enables the system to
figure out which recovery process would maneuver the process after predicting
the amount of downtime. Large-scale usage of cloud recovery solutions and
services substantially reduce the operational cost. Cloud based DRaaS enables
the enterprise and customer to store and execute the system processes on the
cloud platform. Employing cloud services largely reduces cost, frees up the
in-system resources and speeds up the recovery process of the system. High
scale usage of cloud service shortens the recovery process which in turn
provides savings. Disaster management on cloud platform must incorporate
networking, testing and failovers to guarantee business continuity in the
scenario of any man made or natural disaster.
The industry is majorly
segmented in categories such as solutions, which include real-time replication,
cloud service provider, disaster recovery service provider, data security &
compliance and planning & testing. DRAS is used across in healthcare,
government, telecommunication, BFSI, retail & wholesale, information
technology, media & entertainment, transportation & logistics and
manufacturing sectors. On the basis of service, the market is segmented in to
consulting & system integration, managed service and support and
maintenance.
Large deployment models are
used by system integrators and solutions vendors to execute the DRaaS disaster
recovery solutions. High-end organizations incorporate this service in order
capture better recovery mechanism and save upfront investments. Significant
factors which are expected to upsurge the market demand include high preference
for incorporating IT services to automate the businesses, increased penetration
of cloud computing. Integration of big data applications, adoption of
virtualization technologies coupled with growing awareness of the potential
offered by these the services are the anticipated to elevate product demand
over the forecast period. Major challenge faced by the industry includes
platform dependent cloud services and non-existence of disaster recovery
program among small and medium-scale businesses.
Budget constraints prevent
SMEs from using the cloud-based services, and there by leads to loss of crucial
information and legal documents due to the occurrence of a failure. Further,
security of data over the channel, location and compliance with existing
systems may pose hindrance in terms of adoption to several companies. A few
applications do not support platform dependent cloud-based services, which may pose
a challenge to the market demand. The market is witnessing a trend where
vendors are shifting their setup from on sight to cloud, which provides faster
deployment, more scalability & flexibility and effectively stores crucial
data.
Key players in the market
include Acxiom Corporation, Amazon Web Services Inc., Columbus Business
Solutions, Acronis International GmbH, Axcient Inc., DataGardens Inc.,
Hewlett-Packard (HP), Databarracks Ltd., Geminare Incorporated, International
Business Machines (IBM) Corporation. Netmagic Solutions Private Ltd, Persistent
Systems Ltd, Phoenix IT Group PLC, Zetta Inc., VMWare Inc., Seagate Technology
LLC, SunGard, Verizon Enterprise Solutions and Windstream Communications.
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