Report on Disaster Recovery as a Service (DRaaS) Market - Industry Outlook and Global Forecast 2014 - 2020
Transparency Market Research Report Added "Disaster Recovery As a Service Market" to its database.
Albany, NY -- (SBWire) -- 01/02/2015 --Disaster Recovery(DR) as a Service provides organizations with a variety of cost-efficient ways to recover and replicate critical servers and data center infrastructure to the cloud environment in case of any disaster resulting in disruption of services. IT environments are becoming complex with greater mixes of virtual platforms, operating systems, storage and applications. As a result, the impacts on disaster recovery are cascading and growing exponentially. Virtually every company faces the risk of IT interruptions that can bring business to a standstill. Disaster Recovery-as-a-Service (DRaaS) offers business continuity across a range of organizations and their applications, by ensuring availability of IT infrastructure in an event of disaster.
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The market for disaster recovery as a service can be segmented based on storage capacity, types of recovery services, providers, organization size and end-use verticals. The different storage solutions and services can be segmented based on size into 1 TB and below, 1 TB - 10 TB, 10 TB and above. By type of disaster recovery services, the market includes services designed on following models - cloud to cloud disaster recovery model, self disaster recovery model and hardware to cloud disaster recovery model. The service providers can be segmented into cloud service providers, disaster recovery service providers, telecom/communications service providers (T/CSPs), and technology partners and suppliers. Organization size comprises of small office/ home office (SOHO), small and medium businesses (SMBs) as well as enterprises. The end-use verticals include E-commerce and web, banking, financial services and insurance (BFSI), manufacturing, academia, healthcare, government and others.
Some of the major forces driving the disaster recovery services market are factors such as low cost, virtualization, high level of automation, easy deployment, recovery, location independence, secure storage and backup, 24x7 support, management and control, along with high utility based dynamism. DRaaS is expected to replace IT infrastructure burden with cost effective and reliable solutions. Businesses of all sizes have steadily grown more dependent on their escalating IT infrastructures to help them automate, analyze and manage the strategies and operations in businesses. Online trading companies, airline reservations, web-site hosting providers, insurance-document imaging, financial databases or other computing systems are inseparably linked to the incessant availability of the services and data.
Cloud-based DR is poised to shake up the heritage approaches and offer aggravated infrastructure and operations (I&O) professionals, a great option. Disaster Recovery as a Service or DR on demand or DR as a cloud service model is becoming widely attractive solution among enterprises. The main reason for this is its pay-as-you-go pricing model that can lower operating costs drastically. Implementation of DRaaS with a virtualized cloud platform can be automated easily while minimizing the recovery time after a failure. The only challenge for the cloud service customers would be the choice of service provider along with the process of consulting, negotiating and implementing suitable service level agreements (SLAs).
The global market for DRaaS has been witnessing a rising demand from small and medium enterprises (SME) in implementing hybrid cloud disaster recovery services. However, customers are more concerned about security and privacy, in terms of cloud based DR implementation. An increasingly accepted solution is to lay both primary production and disaster recovery instances onto the cloud and let a managed service provider handle both of them. By doing this, businesses can eliminate the need for an on-premise infrastructure and also benefit from the low usage-based costs from the implementation of cloud computing.
Some of the key vendors in the market for disaster recovery as a service include Amazon Web Services Inc., Accenture plc, IBM Corp., EVault Inc., SunGard Data Systems Inc., Terremark Worldwide Inc., Allsteam Inc., CommVault Systems Inc., CenturyLink Inc., Hewlett-Packard Co., Microsoft Corp., and Rackspace Inc.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter's five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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