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(I-SoftwareNews.Com, February 13, 2018 ) Global Disaster Recovery as a Service Market By Service Type (Backup and Recovery, Data Protection, Real-Time Replication, and Professional Services), Deployment Model(Private Cloud, Public Cloud, Hybrid Cloud), Service Provider (Food & Beverages, Pharmaceuticals, Cosmetics), Verticals, Organization Size (Large Companies, Small and Mid-sized Businesses), and Region Market Size, Status and Forecast to 2025.
The global disaster recovery as a service market was valued at USD 1.70 billion in 2016 and is projected to reach 38.91 billion by 2025, growing at a CAGR of 41.6% from 2017 to 2025.
Market Definition:
Disaster Recovery as a Service is a category of cloud computing used for protecting an application or data from a natural, human disaster or service disruption. Disaster Recovery as a Service provides service including protection of data and providing standby computing capacity on demand to provide more rapid application recovery, reduction in time to return applications to production.
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Major vendors providing DR services are Amazon Web Services (Washington, US), Cable & Wireless Communications Limited (London, UK), IBM Corporation (Armonk, New York, US), SunGard Availability Services (Pennsylvania, US), Microsoft Corporation (Washington, US), iland Internet Solutions (Texas, US), Infrascale, Inc. (California, US), Bluelock, LLC (Indiana, US), Recovery Point Systems (Maryland, US), Acronis International GmbH (Massachusetts, US), TierPoint, LLC (Missouri, US), and Geminare Incorporated (California, US).
Market Dynamics:
1. Market Drivers
1.1 Greater Flexibility and Automation Capabilities
1.2 Cost-Effective and Fast Recovery of Data
1.3 Increasing Focus on Automated Change Management
2. Market Restraints
2.1 Compatibility Concerns for Traditional and On-Premises Applications in the Cloud Environment
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology:
Research study on the disaster recovery as a service market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
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Source: EmailWire.Com 
Source: EmailWire.com
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