The major forces driving the market are factors such as low cost, high level of automation, dynamism, 24*7 support, secure storage and backup, location independence, virtualization, easy deployability, recovery, management and control, along with high utility based Business Continuity. At the same time, customers are concerned about security and privacy in terms of cloud based DR implementation.
Disaster recovery and business continuity has been in the market since the late 2000s. However, the buzz among organizations about DR and business continuity is just a few years old. DR as a Service Market is expected to replace IT infrastructure burden with cost effective and reliable solutions.
The report also profiles major market players in the cloud based DR space, which includes VMware, EVault, Geminare, NTT America, Windstream Communications, CA technologies, Microsoft, IBM, Carpathia Hosting, CommVault, HP, Doyenz, FusionStorm, Rackspace, Amazon web services, nScaled, SunGard, Datto, OpSource and Zerto amongst others.
The global DRaaS and business continuity market is estimated to grow from $640.8 million in 2013 to $5.77 billion by 2018. This represents a compounded annual growth rate (CAGR) of 55.2% from 2013 to 2018. Implementation of RaaS in organizations is expected to increase in order to ensure business continuity and to minimize future investments on IT infrastructure.
The RaaS and business continuity markets, along with each of their sub-segments are further bifurcated by region. The bifurcation includes North America (NA), Europe, Asia-Pacific; including Japan (APAC), Latin America (LA), Middle East and Africa (MEA). Over the next five years, Asia-Pacific (APAC), Europe and North America is expected to exper
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