Disaster Recovery as a Service Market Growth Prospects, Solutions, Developments Status and Business Opportunities

 

Market Highlights

The necessity for prompt data recovery is estimated to boost disaster recovery as a service market in 2020. The cloud reports are prepared by Market Research Future, which includes market choices for progress. An income foundation of USD 21 Billion is likely to be created by 2023 while mounting at a 44% CAGR.

Increasing investments in the adoption of IT solutions is likely to motivate the growth trajectory of disaster recovery as a service market over the next couple of years. In addition, it helps in the decision-making process and enhances efficiency of the organization. This, in turn, is expected to lead the expansion of the disaster recovery as a service market in the forthcoming years.

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Segmentation:

The segment evaluation of the disaster recovery as a service market is carried out on the basis of the service provider, deployment, service type, region and verticals.On the basis of deployment, the disaster recovery as a service market is segmented into hybrid cloud, public cloud, and private cloud. Based on the service provider, the disaster recovery as a service market is segmented into managed service provider, telecom & communication service provider, cloud service provider, and others.The verticals-based segmentation of the disaster recovery as a service market consists of BFSI, Information Technology (I.T.), healthcare, retail, media, telecommunication, manufacturing, government, and others. On the basis of service type, the disaster recovery as a service market is segmented into support & maintenance, professional services, real-time replication, data security service, system integration, backup service, and training & consulting.

Regional Assessment:

The geographical analysis of the global disaster recovery as a service market is covered in this MRFR report on regional and country-level basis. The regional segments profiled in this assessment are - North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America is, at present, leading the global market place and is poised to maintain its prominence at the dominant position over the next couple of years. Technological innovations and its early adoption are expected to drive the growth of disaster recovery as a service market in the region over the next couple of years. In addition, the region is set to benefit from the presence of an advanced IT infrastructure. Product innovation being introduced by the key players based out of the region prognosticated to boost market growth in the region in the forthcoming years.

Asia Pacific is anticipated to exhibit the fastest growth rate for disaster recovery as a service market across the forecast period. Increasing investments in the IT industry of the region is projected to lead the regional segment's growth over the next few years. Also, the rising adoption of technological developments is anticipated to propel expansion of the disaster recovery as a service market over the next few years.

Competitive Dashboard:

Amazon Web Services (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Sungard Availability Services (U.S.), Cable & Wireless Communications (U.K.), VMware Inc. (U.S.), Cisco Systems (U.S.), Treo Information Technology (Turkey), HP Enterprises Company (U.S.), and NTT Communications (Japan) are few of the noted players participating in the global disaster recovery as a service market. These participants are estimated to contribute substantially to the development of the global market over the next couple of years. Investments in technological advancements are anticipated to boost the competition in the disaster recovery as a service market in the years to come. In addition, the growth strategies such as mergers & acquisitions, partnerships, collaborations, agreements, etc. are projected to further intensify the competition in the global market place in the years to come. The market is characterized by the participation of international as well as regional players. In order to capitalize on the developmental opportunities, entry of new players is expected, which is set to fuse robust competition in the market over the review period.

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About Market Research Future:

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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