Transparency Market Research

Disaster Recovery as a Service Market to Be Propelled by Increasing Demand from Dynamic Industry Verticals

Transparency Market Research Report Added "Disaster Recovery As A Service (DRaaS) Market" to its database.


Albany, NY -- (SBWIRE) -- 03/31/2015 -- Disaster recovery refers to the various ways through which IT companies safeguard their operations and data against potential blockages in the operation chain or service standstills. Disaster recovery as service operations provide IT companies cost-efficient and secure ways to protect loss of data from such calamities. Due to the increasing profile and diversification of the IT sector, it is becoming increasingly complex and interrelated. The variety lies in not just in services offered but in operating systems, virtual platforms, applications, and storage systems too. Thus, data loss in one particular sector of the IT world doesn't just affect that sector but also numerous other sectors that depend on it for their own optimum function. This complexity of the IT world and consequently growing need for data recovery systems is helping the disaster recovery as a service market grow at a steady rate.

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The global disaster recovery as a service market can be divided on the basis of the type of recovery system used, the storage capacity of the disaster recovery system, the providers, the end-use verticals of the market, and the size of the organization.

There are three major segments of the disaster recovery as a service market based on storage capacity: 1 terrabyte (TB) or less, 1 TB to 10 TB, and 10 TB or more. The preferred option for various enterprises depends on their data generation potential.

Cloud service providers dominate the market segmentation according to the type of provider. This is due to the convenience of cloud storage and constant updation, which allows the most recent data to be easily secured. This minimizes the recovery time after a failure. A disaster recovery as a service model based on cloud services also offers pay-as-you-go pricing, which makes it even more attractive to buyers. Other types of disaster recovery as a service providers include disaster recovery service providers, telecom/communication service providers, also known as T/CSPs, and technology partners and suppliers.

By the type of service provided, the market can be categorized into services based on the cloud to cloud disaster recovery model, self disaster recovery model, and hardware to cloud disaster recovery model.

According to the size of the organization, the global disaster recovery as a service market can be segmented into small offices/home offices, small and medium businesses, and major enterprises. The growing volume and sophistication of the segment of small and medium businesses is expected to help the global disaster recovery as a service market flourish at a strong rate.

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Furthermore, this helps the product category of cloud-based disaster recovery services, since it is the category most preferred by small and medium businesses owing to its cost-effective security and ease of use. It also eliminates the need for on-premise data recovery and data security infrastructure, since cloud services can be automated and controlled from a central hub. This is another benefit offered by cloud-based disaster recovery services particularly to small and medium businesses, which may often lack the necessary space and personnel to handle data security on-premise.

Some of the major end-use verticals of the global disaster recovery as a service market are web and e-commerce, manufacturing, healthcare, government agencies, academia, and banking, financial services, and insurance (BFSI). Virtually all of these verticals require constant availability of data and service due to their dynamic nature. This makes the disaster recovery as a service market an indispensable tool. Increasing demand from these verticals is expected to drive the disaster recovery as a service market.

The major companies operating in the global disaster recovery as a service market include Amazon Web Services Inc., Allsteam Inc., CenturyLink Inc., and Microsoft Corporation.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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