Disaster recovery as a service (DRaaS) is a cloud computing and backup carrier version that uses cloud resources to protect applications and data from interruption caused by disaster. DRaaS is also known as business continuity as a service (BCaaS).
System failure results in loss of data , therefore DRaaS provides the organization total system backup that allows to run the business continuously. DRaaS serves as a secondary infrastructure that permits the overall replication and backup of all cloud data and programs . It totally becomes the new environment and allows organization and users to continue with their daily business processes at the same time the primary system undergoes the repair. DRaaS allows the applications to run on Virtual Machine (VM) at any time.
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Market Growth Factors:
Increasing adoption of cloud based services is the major driving factor for the growth of market. DRaaS is more cost effective and it recovers the data in the less time. As compared to traditional methods of backup, DRaaS is very flexible. Automation capabilities and increasing adoption rate among small and medium-sized enterprises are also the growing factors of the market. Increasing awareness towards virtualization technology and rising trends managed services among enterprises would provide numerous growth opportunities for the DRaaS market in the coming years.
Disaster recovery as a service market is split into different segments like service type, service provider, deployment model, organization size, vertical, and region. The service type is classified into backup & recovery, real-time replication, data protection, and professional services. Service provider segment is categorized as cloud service providers, managed service providers, telecom & communication service providers, and others. This market can be deployed in public, private, and hybrid cloud. It is used in small, medium, and large-scale enterprises. The market is used in various industries like BFSI, consumer goods & retail, government & public sector, healthcare & life sciences, manufacturing, and others.
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Disaster recovery as a service market is bifurcated into different regions like North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It is predicted that the North America is holding the largest market share, while APAC is the fastest growing region with highest CAGR. The emergence of cloud technology and compulsory government rules are expected to improve the growth of the cloud backup market in APAC
The major key vendors of disaster recovery as a service market are Amazon Web Services, Cable & Wireless Communications Limited, IBM Corporation, SunGard Availability Services, Microsoft Corporation, iland Internet Solutions, Infrascale, Inc., Bluelock, LLC, Recovery Point Systems, Acronis International GmbH, TierPoint, LLC, and Geminare Incorporated. The entrance of new vendors is also possible in the coming years for the growth of market.
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Arcserve launches affordable cloud disaster recovery service
Data protection and recovery specialist Arcserve is launching a brand new Direct-To-Cloud Disaster Recovery As a Service (DRaaS) and Backup As a Service (BaaS) solution aimed at mid-sized businesses.
IBM, Dutech launch cloud-based disaster recovery service
IBM and Dubai’s Port, Customs and Free Zone Corporation (PCFC), and its technical arm, Dutech, have introduced an agreement to launch a cloud-based disaster recovery service in Dubai, UAE.
Growth Factors Details:
- Among end-use industries, the industrial segment is projected to lead the Disaster Recovery as a Service market during the forecast period.
- Among types, the Disaster Recovery as a Service segment is projected to grow at the highest CAGR during the forecast period.
- Increasing demand for Disaster Recovery as a Service in the Asia-Pacific is the major driver for the growth of Disaster Recovery as a Service market in the region.
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