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Global Disaster Recovery as a Service (DRaaS) Market Propelled by Increase in Worldwide Enterprise IT Spending

Blog Description

Recently, FEMA decided to open its disaster recovery as a service (DRaaS) center in Weslaco. The disaster recovery as a service center will be situated at the Porter P. Doss Memorial Library in Weslaco. The disaster recovery center is planned to service Hidalgo County residents and businesses whose properties were damaged by the recent storms in Oct 2015.

Browse the full Global Disaster Recovery as a Service (DRaaS) Market Report:

DRaaS assists the IT and ITes industry to address challenges such as the need for 24X7 service delivery to customers/clients and downtime of the system. As the perfect solution to all these challenges, DRaaS is gaining global acceptance and demand as a cloud-based application with IT resellers, start-ups, and service providers. In the past few years, DRaaS has been in demand more from medium and small-sized enterprises as compared to bigger organizations.

Micro, Small, and Medium Enterprises to Register Highest Demand for DRaaS

DRaaS offers benefits such as greater flexibility, automation and ease of testing, cost-effectiveness, and faster recovery. Further, growth of micro, small, and medium enterprises (MSMES) has resulted in increased popularity of DRaaS. MSMEs face certain operating constraints including access to credit facilities and finance. This may even result in shutdown of medium and small enterprises. Further, this might negatively affect all the industry chain members linked with MSMEs directly or indirectly. To overcome such situations, small and medium enterprises seek DRaaS solutions. Disaster recovery as a service has offered feasible solutions to achieve efficient and effective disaster recovery in numerous application sectors. The global disaster recovery as a service market is primarily driven by factors such as an increase in worldwide enterprise IT spending across various verticals.

The global disaster recovery as a service market is segmented on the basis of geography, deployment model, product, company size, and application. Based on geography, the global disaster recovery as a service market is divided into Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. NTT Communications, IBM Corp., Geminare, Inc., EMC Corp., QuorumLabs, Inc., NetApp, Inc., Windstream Communications,, Inc., Rackscale s.r.o., Columbus Business Solutions, HP Co., VMWare, Inc., Cisco Systems, Inc., SunGard Data Systems, Databarracks Ltd., and Verizon Communication, Inc. are some of the leading companies operating in the global disaster recovery as a service market.

Browse the full Press Release of Global Disaster Recovery as a Service (DRaaS) Market

BFSI Segment Dominates DRaaS in 2013

By application, the global disaster recovery as a service market is classified into the government and public sector, the e-commerce/retail and manufacturing sector, and banking, financial services, and insurance (BFSI). As BFSI is an important sector for almost every economy, many governments have made it compulsory to implement disaster recovery solutions to avoid loss of crucial information. In 2013, the global disaster recovery as a service market was dominated by the BFSI segment. The e-commerce segment is expected to develop rapidly during the forecast period. Most of the small and big sized e-commerce companies have their business operations and data stored in cloud and requires firm disaster recovery solutions to ensure smooth functioning of the business.