A market research
study published by the market research company Transparency Market
Research projects remarkable growth prospects for the global disaster
recovery as a service (DRaaS) market over the period 2014-22. The
report states that the market, which had a valuation of US$621.30 mn
in 2013, will expand at an extraordinary 36.0% CAGR over the report’s
forecast period.The report is titled “Disaster Recovery as a
Service (DRaaS) Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2012 - 2022”.
Browse the full
Disaster Recovery as a Service Market Report at:
The report credits
factors such as the cost effectiveness, greater flexibility, fast
recovery, and capability of automated and simpler testing of modern
disaster recovery services, as the key driving forces behind the
global DRaaS market’s excellent growth prospects. Additionally, the
rising enterprise IT spending across the globe is also expected to
benefit the market substantially over the coming years.The report
broadly segments the global DRaaS market on the basis of five
criteria: deployment model, product type, company size, key
application area, and geography.
Amongst the various
deployment models in the global DRaaS market studied in the report,
the To Cloud segment accounted for a 51.3% of the overall revenue
generated by the market in 2013. TO Cloud deployment model is widely
preferred by small and mid-sized enterprises (SMEs) as this model
avoids the complexity and expense that generally comes with
traditional disaster recovery systems. Over the report’s forecast
period too, this market segment is expected to remain dominant.Based
on type of product, the segment of software components held about
60.8% of the overall revenues earned by the market in 2013. Entry of
new software service vendors from across the globe in the DRaaS
segment is expected to intensify the prevailing competition in the
software market more in the near future.
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Release of Disaster Recovery as a Service Market at:
Application-wise,
the banking, financial services and insurance (BFSI) sector led the
market by accounting for nearly 33% of overall revenue generated in
2013. The economically and financially critical nature of
information/data in the banking, financial services and insurance
(BFSI) sector, requiring compulsory backup plans for avoiding loss,
is expected to keep demand for DRaaS in this segment ripe across the
forecast period as well.Geography-wise, the market for DRaaS in North
America held nearly 36.8% of the global market in 2013. Over the
report’s forecast period, however the market segment of Asia
Pacific is expected to grow at the fastest pace, accounting for the
largest revenue share of the market.
The report presents
a detailed account of the competitive landscape of the global DRaaS
market. It provides details regarding key developments observed in
the market in the recent past and detailed business profiles of some
of the key vendors in the market are included. Business profiles of
companies, including Amazon, Bluelock, Axcient, Doyenx, Acronis, EMC,
IBM, eVault, Sungard, Geminare, nScaled, NTT Communications,
QuorumLabs, Inc., Hosting.com Verizon, HP, Microsoft Azure, VMware,
Windstream, and Columbus Business Solutions, are provided in the
report.
The global
disaster recovery as a service (DRaaS) market has been segmented as
follows:
DRaaS Market, by
Deployment Model
To Cloud DRaaS
In Cloud DRaaS
From Cloud DRaaS
DRaaS Market, by
Product
Software
Hardware
DRaaS Market, by
Company Size
Small Companies
Mid-sized
Companies
Large Companies
DRaaS Market, by
Application Sector
Banking and
Financial Institutions (BFSI)
Government and
Public Sector
Telecommunication Sector
E-Commerce/Retail
Manufacturing
Sector
Others
DRaaS Market, by
Geography
North America
Europe
Asia Pacific
Middle East and
Africa
Latin America
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Sample Research report of Disaster Recovery as a Service Market at:
About Us
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
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repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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