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Disaster Recovery-as-a-Service Market by Service Type (Data Protection, Real-Time Replication, Backup & Recovery, and Professional Services), Service Provider (Cloud Service Provider, Managed Service Provider, Telecom and Communication Service Provider, and Others), Deployment Model (Private Cloud, Public Cloud, and Hybrid Cloud), Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), and Industry Vertical (BFSI, Retail and Goods, Government and Public Sector, Manufacturing, Healthcare and Life Sciences, Media and Entertainment, and Others),: Global Opportunity Analysis and Industry Forecast, 2020–2027

A08313
Pages: NA
Jun 2021 | 471 Views
 
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Disaster Recovery-as-a-Service Market Statistics:

The global disaster recovery-as-a-servicemarket is experiencing a considerable growth, and is expected to grow exponentially in next few years as the data safety is a core business concern these days. Disaster recovery-as-a-service (DRaaS) help to safely protect organizations from IT outages and help them build a resilient IT system to sustain network and servers usage during recovery processes. It is a third-party service, which uses on-premise and cloud resources to back up essential data& applications. DRaaSimitates production infrastructure and all its processes on a recovery or secondary infrastructure to enable a transition to a backup environment seamlessly. With reduction in risk of human errors, it saves money, time, and resources when it comes to disaster recovery while managing the fail-over.

Disaster Recovery-as-a-ServiceMarket Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

 Service Type, Service Provider, Deployment Model, Organization Size, Industry Vertical, and Region

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include International Business Machines Corporation (IBM), Microsoft Corporation, Amazon Web Services, Inc., Hewlett Packard Enterprise (HPE) Company, Dell Technologies, Inc., NTT Data Corporation, Seagate Technology Plc., Netapp, Inc., Unitrends, Inc., and Cable & Wireless Communications Ltd.

 

Impact of COVID-19 Pandemic Disaster Recovery-as-a-Service Market:

  • As an aftermath of the COVID-19, significant rise in business plans for strengthened business continuity and disaster recovery have been observed.
  • Organizations are implementing remote work strategies for employees due to travel restrictions.
  • However, the pandemic has positively impacted the disaster recovery-as-a-service market. The lockdown situation is driving adoption of cloud computing and cloud-based recovery as-a-service solutions.
  • The factors such as greater flexibility and cost effectiveness provided by DRaaS solutions to organizationsenable growth in adoption of these solutions. However, data breach is anticipated to be the major challenge for the market to sustain in the pandemic situation.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Disaster recovery-as-a-service (DRaaS) allows imitation of application and data to ensure business continuity in the occurrence of a disaster. The benefits such as faster recovery and cost effectiveness drive demand for DRaaS solutions. In addition, rapid growing rate of implementation of these recovery services in small & large enterprises (SMEs) propels the disaster recovery-as-a-service market. However, specific application compatibility issues in the cloud environment as well as dependency complexity of deployment and lack of monitoring hinders the market growth. On the other hand, increase in adoption of hybrid disaster recovery services offering lucrative opportunities for the market.

The global disaster recovery as-a-servicemarket trends are as follows:

Cloudcomputing to flourish the market

Cloud computing is progressively gaining momentum as a disaster recovery option. IT teams are facing pressure to accelerate, automate, and improve their disaster recovery capabilities in general. Cloud computing is playing a vital role in disaster recovery processesas it enable business to continue operations when disaster strikes.

Cloud offers flexible storage payment and space plans and is located off-site, which ensures enhanced security from natural disasters. Business can access its essential data from anywhere with the help of a cloud, enabling employees to work remotely following a natural calamity or disaster as well.

 

Key segments covered:

Segments

Subsegments

  Service Type

  • Data Protection
  • Real-Time Replication
  • Backup & Recovery
  • Professional Services

  Service Provider

  • Cloud Service Provider
  • Managed Service Provider
  • Telecom and Communication Service Provider
  • Others

  Deployment Model

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

  Organization Size

  • Small & Medium-Sized Enterprises
  • Large Enterprises

  Industry Vertical

  • BFSI
  • Retail and Goods
  • Government and Public Sector
  • Manufacturing
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global disaster recovery as-a-serviceindustry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global disaster recovery as-a-servicemarket share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global disaster recovery as-a-servicemarket growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global disaster recovery-as-a-servicemarket analysis based on competitive intensity and how the competition will take shape in coming years.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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