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Disaster Recovery as a Service Market by Service Type, Service Provider, Deployment Model, Organization Size, Vertical And Region - Global Forecast to 2022

Disaster Recovery as a Service Market: Global Forecast until 2022

  • September 2017
  • 138 pages
  • ID: 5106685
In this report:
NORTH AMERICA IS EXPECTED TO HOLD THE LARGEST MARKET SHARE OF ##.##% IN 2017, WHEREAS APAC IS IN THE GROWTH PHASE AND IS PROJECTED TO BE THE FASTEST GROWING REGION IN THE GLOBAL DRAAS MARKET.
THE APAC DRAAS MARKET IS EXPECTED TO PROVIDE THE MAXIMUM GROWTH OPPORTUNITY FOR CSPS AND IS PROJECTED TO GROW AT THE HIGHEST CAGR OF ##.##% FROM USD ##.## MILLION IN 2017 TO USD ##.## MILLION BY 2022.

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Benefits of quick recovery and cost effectiveness are driving the Disaster Recovery as a Service market

The DRaaS market is forecasted to grow from ~$2.2B in 2017 to ~$12.5B by 2022, at a Compound Annual Rise rate of 41.80 percent during the forecast period. The DRaaS market is influenced by factors, including benefits of rapid recovery, cost effectiveness, and greater flexibility, and automation capabilities and growing adoption rate among Small and Medium-sized Enterprises.

On the other hand, the issue of adequate site separation between primary and backup site and compatibility concern of certain applications in the cloud environment may restrain the increase of DRaaS market

The professional services segment is anticipated to rise at the quickest rate during the outlook period

The professional services segment is anticipated to grow at the maximal rate during the estimate period as these services offer training, education, and consulting, support and maintenance services to end-users. These services enable companies to choose the best possible solution and services depending upon the business requirements and deliver cost-effective and backup support for technical queries to prevent any downtime.

North America continent is intended to hold the largest part of market share and Asia Pacific (APAC) to grow the quickest

North America (NA) is forecasted to hold the biggest market share during the outlook period, as institutions are shifting toward cloud-based solutions and services with the rising adoption of digital business strategies. Moreover, institutions have invested heavily on advanced technologies to benefit opposing advantage and improve business operations.

The Asia-Pacific regions is in the initial increase phase; nevertheless, it is the fastest growing area in the overall DRaaS market. The top reasons for the high increase rate in Asia-Pacific contain the positive economic outlook in the territory, rised spending on Information Technology infrastructure, and the tendency of DR services to address the operational issues.

The break-up profiles of primary participants are given below:

• By organization: Tier 1 - 27.0 percent, Tier 2 - 48.0 percent, and Tier 3 - 25.0 percent

• By description: C-suite - 44.0 percent, D-level - 40.0 percent, and Others - 16.0 percent

• By area: North America continent - 32.0 percent, Europe (EU) - 26.0 percent, Asia-Pac - 20.0 percent, Middle East (ME) and African continent - 12.0 percent, and Latin America area - 10.0 percent

The main DRaaS vendors decribed in the study are like follows:

1. Amazon Web Services

2. Cable & Wireless Communications Limited

3. IBM Corporation (Armonk, New York, US)

Segment Research

The DRaaS market has been split on the basis of service types, service providers, deployment models, organization size, verticals, and territories. An in-depth study of the top industry actors has been done to furnish key aspects into their business overviews, products and services, top strategies, latest product launches, alliances, strategic agreements and collaborations, business expansions, and opposing landscape combined with the DRaaS market.

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the DRaaS market comprehensively and offers the best approximations of the revenue data for the global market and sub-segments across several verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes recent product launches, alliances, strategic agreements & collaborations, mergers & acquisitions, and business developments.

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