Global Disaster Recovery as a Service Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Disaster Recovery as a Service Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Disaster Recovery as a Service Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Disaster Recovery as a Service Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Disaster recovery as a service (DRaaS) is referred as cloud computing and backup service model. It uses cloud assets to protect applications and information from interruption caused by disaster. Therefore, it also provides the enterprises a complete system backup that helps for business continuity in the case of system failure.
DRaaS is a cost effective technique and data can be recovered easily and within less time, this elements can increase the growth of the market. The factor includes greater flexibility & automation capability and increasing focus on automated change management.
The market is facing various challenges such as difficulty in achieving security and compliance. The opportunities that can strengthen the growth of the market are increasing adoption of hybrid DR and emerging trend of managed services.
Key Question Answered:
•What will be the market size in 2025 and at what rate it will grow?
•Who are the major key players in global disaster recovery as a service market and what are their strategies?
•Which vertical industry is expected to show major growth?
•What segment and region will lead the market and why?
The major companies profiled in the report include: 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.
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