Recovery-as-a-Service and BC Market to Grow at CAGR of 55% – MarketsandMarkets

The report "Recovery-as-a-Service: (RaaS) [DR as a Service (DRaaS); cloud-based DR] and BC – Worldwide Market Forecasts and Analysis (2013 – 2018)" (222 pages, 71 figures, $4,650) sold by MarketsandMarkets defines and segments the global cloud based DR market with analysis and forecasting of global revenues.

It also identifies drivers and restraints for the RaaS market, with insights on trends, opportunities and challenges. In addition to this, the report also offers a cloud based DR ecosystem, enterprise budget and RaaS adoption analysis, and value chain analysis.

MarketsandMarkets has segmented the global RaaS market based on types, storage, providers, verticals and organization size. The types segment comprises of self DR model, hardware to cloud DR, cloud to cloud DR model; whilst the storage types have been segmented based on 1TB and below, 1TB – 10 TB, 10TB and above.

The RaaS providers segment comprises of DR service providers, cloud service providers, telecom and communications service providers (CSP), technology partners and suppliers, and others. The vertical segment comprises of banking, financial services and insurance (BFSI), e-commerce and web, academia and government, manufacturing, healthcare and others. Organization size comprises of SOHO, SMBs as well as enterprises.

The major forces driving the market are factors such as low cost, high level of automation, dynamism, 24*7 support, secure storage and backup, location independence, virtualization, easy deployability, recovery, management and control, along with high utility based BC. At the same time, customers are concerned about security and privacy in terms of cloud-based DR implementation.

DR and BC has been in the market since the late 2000s. However, the buzz among organizations about DR and BC is just a few years old. DRaaS is expected to replace IT infrastructure burden with cost effective and reliable solutions. The report also profiles major market players in the cloud based DR space, which includes VMware, EVault, Geminare, NTT America, Windstream Communications, CA Technologies, Microsoft, IBM, Carpathia Hosting, CommVault, HP, Doyenz, FusionStorm, Rackspace, Amazon web services, nScaled, SunGard, Datto, OpSource and Zerto.

The global RaaS and BC market is estimated to grow from $640.8 million in 2013 to $5.77 billion by 2018. This represents CAGR of 55.2% from 2013 to 2018.

Implementation of RaaS in organizations is expected to increase in order to ensure BC and to minimize future investments on IT infrastructure.

The RaaS and BC markets, along with each of their sub-segments are further bifurcated by region. The bifurcation includes North America, Europe, AsiaPac including Japan, Latin America, Middle East and Africa. Over the next five years, AsiaPac, Europe and North America is expected to experience increased market traction, by increasing awareness on cloud based technologies driving this market.