Increasing Investments in IT Industry to Expand Disaster Recovery as a Service Market

Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Disaster Recovery as a Service Market.

Market Synopsis

Disaster recovery service utilizes cloud computing and storage model to protect data loss during downtime or failures. The global disaster recovery as a service market, as per the analysis offered by Market Research Future (MRFR), is likely to reach a valuation of USD 21 Bn by 2023. The market is anticipated to thrive at 44% CAGR over the forecast period2017 to 2023.

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.

Market Segmentation:

The segments of the disaster recovery as a service market, on the basis of service type, are real-time replication, data security, backup, professional services, training & consulting, system integration, and support & maintenance.

By service provider, the global disaster recovery as a service market has been segmented into cloud service provider, managed service provider, and telecom & communication service provider, and others.

The segmental analysis of the disaster recovery as a service market, By Deployment, covers private, public, and hybrid.

By vertical, the global disaster recovery as a service market has been segmented into BFSI, healthcare, manufacturing, retail, media, IT & telecommunication, governments, and others.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/disaster-recovery-service-market-3230

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.