Disaster Recovery-as-a-Service (DRaaS) Market Size to Grow by USD 40.97 bn growth | Amazon.com Inc. and Broadcom Inc. Among Key Vendors|Technavio – QNT Press Release

NEW YORK , May 18, 2022 /PRNewswire/ — The disaster recovery-as-a-service (DRaaS) market size is expected to grow by USD 40.97bn from 2020 to 2025, according to Technavio. The growth momentum of the market will accelerate at a CAGR of 44.65% during the forecast period. The market’s growth will be driven by factors such as improvements in manageability and protection. However, factors such as the availability of open-source disaster recovery tools may challenge the market growth.

Make informed business decisions based on Technavio’s insights and analysis on future trends, drivers, and challenges. Request a Sample Report!

The disaster recovery-as-a-service (DRaaS) market covers the following areas:

Disaster Recovery-as-a-Service (DRaaS) Market Sizing
Disaster Recovery-as-a-Service (DRaaS) Market Forecast
Disaster Recovery-as-a-Service (DRaaS) Market Analysis

Driver and Challenge

Improvements in manageability and protection are driving the global disaster recovery-as-a-service (DRaaS) market share growth. DRaaS helps in continuing business operations in case of an outage. In addition, it improves the security and visibility of networks and servers with real-time activity and system health monitoring and reporting. DRaaS solutions provide full control and support manual and automatic failure. They also provide customer information on the state of health of the entire IT estate. They protect businesses from the impact of unplanned server outages. Small and medium-sized enterprises need an extra data center of their own or should be able to afford a secondary hot site for managing backup in critical situations. Moreover, these replicated data centers should meet the RPO and RTO objectives, and the backup should be done quickly. Therefore, improved manageability and data protection from DRaaS vendors allow businesses to focus on their core competencies.

The availability of open-source disaster recovery tools will challenge the global disaster recovery-as-a-service (DRaaS) market share growth during the forecast period. These tools help in setting up a single master backup server to multiple backup hosts over the network. Such solutions can be downloaded and run on all platforms. They are increasing in popularity in developing countries such as China and Indiaas many enterprises are wary of hosting their data on the cloud. Most small-scale companies cannot afford high-priced on-premises and cloud-based recovery backup solutions. As a result, they use open-source disaster recovery tools that do not require capital investments.

Key Vendors and their Offerings

The disaster recovery-as-a-service (DRaaS) market report offers information on several market vendors, including Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., Dell Technologies Inc., iland Internet Solutions, International Business Machines Corp ., Microsoft Corp., NTT Communications Corp., Oracle Corp., and Sungard Availability Services LP among others. The key offerings of some of these vendors are listed below:

  • Amazon.com Inc. – The company offers CloudEndure under disaster recovery as a service.
  • Broadcom Inc. – The company offers CA performance management under disaster recovery as a service.
  • Cisco Systems Inc. – The company offers Cisco DRaaS reference architecture to provide disaster recovery services for enterprise customer data center physical and virtual servers to a service provider’s Virtual Private Cloud (VPC).
  • Dell Technologies Inc. – The company offers Cloud Disaster Recovery for disaster recovery as a service.
  • iland Internet Solutions – The company offers disaster recovery as a service with Veenam and Zerto.

Get lifetime access to our Technavio Insights! Subscribe to our “Basic Plan” billed annually at USD 5000

Related Reports:

Digital Twin Market by End-user, Deployment, and Geography – Forecast and Analysis 2022-2026

Pure Play Software Testing Services Market by End-user and Geography – Forecast and Analysis 2022-2026

Disaster Recovery-as-a-Service (DRaaS) Market Scope

Full story available on Benzinga.com

Source link

Recommended For You

About the Author: News Center