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Faster recovery of data, greater flexibility and cost effectiveness are the major drivers for the global disaster recovery as a service market. Some of the other factors driving the global disaster as a recovery market are low cost, virtualization, high level of automation, easy deployment, recovery and secure storage and backup and 24x7accessibility.
In case of any disaster resulting in interruption of services, disaster recovery as a service (DRaaS) delivers organizations with several cost efficient methods to replicate and recover data center infrastructure and analytical servers to the cloud environment. Disaster recovery (DR) as a service offers business stability through a range of administrative measures and their implementation by certifying accessibility of IT organization in case of any disaster. Disaster recovery as a service is the process of duplicating virtual servers to safeguard and back up data in the case of natural or man-made disasters. Over the course of time, companies have realized significant data loss and downtime costs in their business processes. These issues are increasing the need for operational disaster recovery amongst the large enterprises, and the small and medium businesses (SMBs) that could decrease the recovery costs, time, and complexities related to the conventional recovery process.
On the basis of solutions, the global disaster recovery as a service (DRaaS) market can be categorized into real time replication, disaster as a recovery planning, testing data security and compliance, and backup solution. On the basis of organization size, the market can be segmented into, small and medium businesses and large enterprises. On the basis of providers, the global disaster recovery as a service market can be divided into cloud service provider, disaster as a service provider, and telecom and communications service provider. Based on services, the market can be segmented into support and maintenance, system integration, and managed services. On the basis of end-user industries , the global disaster recovery as a service market can be categorized into retail and wholesale, BFSI, education, transportation & logistics, government, healthcare, telecommunication and IT, media & entertainment, manufacturing, and others. Among the various end-user industries, the BFSI sector dominates the global disaster as a service market. Increased adoption of hybrid cloud disaster recovery as a service, and high application of disaster as a service among mobile service providers are the major opportunities that are expected boost the global disaster as a service market during the forecast period. North America leads the global disaster as a recovery market, due to increasing adoption of disaster recovery as a service (DRaaS), solutions in small, mid-sized and large companies. The market in Asia-Pacific is expected to be the fastest growing during the forecast period, owing to the new opportunities emerging in countries such as Brazil, Mexico, and Argentina.
There are several challenges which are hindering the adoption rate of disaster as a service among small and medium sized-businesses in the disaster recovery across the globe. Such challenges include platform dependent cloud-based applications and disaster recovery planning among the small and medium sized businesses.
Some of the competitors in the disaster recovery as a service market are Accenture, International Business Machines Corp., Seagate Technology LLC, Amazon Web Services, Inc., SUNGARD, Terremark Worldwide, All-Steam.net, Commvault, CenturyLink, Hewlett-Packard Development Company, L.P., Microsoft, VMware, Inc., and Rackspace Hosting Inc.