Lewes, DE -- (SBWIRE) -- 04/10/2015 -- Report forecast the DRaaS Market in the US to grow at a CAGR of 53.35 percent over the period 2014-2019.

DRaaS refers to services that enable data backup, recovery, and retrieval to help in resuming business functions in the event of a disaster or service disruption. It is one of the fastest growing segments in the cloud-based recovery model. It helps enterprises record mission-critical data during the occurrence of natural calamities such as floods, tornados, and hurricanes, or a sudden and unforeseen system failure. As data are an integral part of business operations, securing them requires efficient and effective implementation of disaster recovery services. It also ensures the availability of IT infrastructure in the event of a disaster. DRaaS market in the US has gained a lot of traction after the occurrence of several natural disasters, including Hurricane Sandy that inflicted heavy losses on the Eastern Coast of the US.

According to the report, DRaaS has an ability to economically protect all applications through cloud-based DR because of its reduced costs. Cloud-based DR solutions have emerged as an economical and optimal choice for enterprises.

Further, the report states that one of the major challenges in the market is the lack of awareness pertaining to the cost and coverage of DR plans. Many organizations have DR plans in place as per their requirement, but unawareness of the costs associated with disaster coverage plans is posing a problem. Additionally, some organizations fail to recover from a disaster because of the lack of wholly covered DR plans.

DRaaS market in the US is segmented on the basis of end-users and the report also covers the major factors that cause disasters.

TechNavio's report, DRaaS Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape of DRaaS market in the US and its growth prospects over the coming years. The report also includes a discussion on the key vendors operating in this market.

Key players in the DRaaS Market in the US: CA Technologies, EVault Inc. (Seagate Company), Geminare Inc., Hewlett Packard (HP) Corp., International Business Machines (IBM) Corp., iland, nScaled Inc., SunGard Data Systems Inc. and Verizon Communications

Other Prominent Vendors in the market are: Acxiom, Amazon Web Services, Axcient, CenturyLink, CommVault Systems, Datto Backup, Equinix, Latisys, Microsoft, Rackspace, Recovery Point Systems, Unitrends, Verizon Communications, VMware and Windstream Communications

Market Driver
- Reduced Costs
- For a full, detailed list, view our report

Market Challenge
- Issues pertaining to Awareness, Cost, and Coverage of Disaster Recovery Plan
- For a full, detailed list, view our report

Market Trend
- Appliance-based DRaaS
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 111 pages, "DRaaS Market in the US 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Major Factors Causing Disasters, Market Segmentation by End-users, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/draas-market-us-2015-2019

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