Disaster Recovery-as-a-Service to Generate US$ 4.4 Billion Revenue in 2019 – Future Market Insights
Mar 21, 2019
Future Market Insights has announced the addition of the “Disaster Recovery-as-a-Service Market: Small and Medium Enterprises to Grow in Terms of Value During the Forecast Period: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028" report to their offering.
Valley Cottage, United States - March 21, 2019 /MarketersMedia/ —
With doors opened to increased data protection for enterprises of all sizes, the global Disaster Recovery-as-a-Service or DR in the cloud market is projected to lie in the high revenue-high growth quadrant, through 2018-2028, as per a recent analysis by Future Market Insights (FMI). High revenue growth of the global Disaster Recovery-as-a-Service market can be attributed to varying bandwidth, pricing, and scalability solutions being offered to small and medium businesses (SMBs) and smaller enterprises. Increased digitization and growing demand for Cloud and IoT, will translate into higher substantial global demand for Disaster Recovery-as-a-Service. A higher preference among small and medium enterprises (SMEs), compared to large enterprises, is expected to have a significant impact on the Disaster Recovery-as-a-Service market, as per the report. Moreover, enterprises are also investing in hybrid models of Disaster Recovery-as-a-Service, the report reveals.
A senior research analyst says while offering the market background, “Continuous innovations for the implementation of Disaster Recovery-as-a-Service across industry verticals, increasing ransom ware and cyber threats, and risk in compliances are some critical factors creating concurrent demand for Disaster Recovery-as-a-Service, globally. “Expanding at an exponential CAGR of 35.4 percent in 2019, the global Disaster Recovery-as-a-Service market is expected to increase 25.9X between 2018 and 2028, standing at a valuation of US$ 4.4 Billion through 2019”, the analyst states further.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3351
In the wheel of fortune, the FMI report on Disaster Recovery-as-a-Service has placed various market segments including end-user, type of service, service provider, and vertical on different orbitals, characterizing their growth projections. Most of the market segments fall in the growth quadrants. However, service type in the form of real-time replication services and healthcare vertical are projected to lie in the introductory quadrant.
Key Research Findings at a Glance
High demand for recovery and backup services will result in the segment holding more than 67 percent market share, in terms of services, representing a robust yearly revenue growth.
Deployments over cloud is expected to translate into a larger share of more than 62 percent for Cloud service providers in the Global disaster recovery-as-a-Service market. The suite will be followed by telecommunications service providers, growing at an exceptional CAGR of more than 40 percent.
BFSI especially for e-payments applications and telecommunication and IT will witness high adoption of disaster recovery-as-a-Service considering increasing pressure for recovery and protection of valuable information within these verticals.
Retails and consumer goods is also a rapidly emerging vertical, projected to generate US$ 768.3 Mn in 2019, through increased deployment of disaster recovery-as-a-Service.
Small and medium enterprises continues to reign supreme over larger companies in terms of deployment of disaster recovery-as-a-Service—the former expanding at an exponential CAGR of approximately 42 percent.
For More Information On This Report, Please Visit @ https://www.futuremarketinsights.com/checkout/3351
Regional Analysis: FMI Spots Lucrative Opportunities in Developing Markets
Although North America is expected to dominate the disaster recovery-as-a-Service landscape, owing to high adoption and implementation of advanced IT software and services in the region, in conjunction with increasing cyber threats and crimes, emerging markets including China, and SEA and Others of APAC are also projected to demonstrate substantial growth opportunities.
In terms of value, the market in China is expected to increase 36.2X between 2018 and 2028. Although still in infancy, real time replication services in China is expected to exhibit a relatively higher growth along with recovery and backup services, considering higher threats to SMEs in the region.
Expanding at 22.1X, the disaster recovery-as-a-Service marker in SEA and others of APAC also presents rewarding revenue opportunities for vendors, arising from ever-growing digitization and various tier-1 companies having strong presence across developing economies.
Enterprises have been transitioning from Disaster Recovery Service to Disaster Recovery-as-a-Service, further enabling to relinquish the responsibility of their disaster recovery data centre/data storage to a respective service provider, thereby, making data management more efficient at reduced costs. Moreover, Disaster Recovery-as-a-Service offers flexible, secure, and scalable solutions to enterprises—ensuring stable operational processes in the event of disaster.
Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-3351
Competitive Landscape Analysis of the Global Disaster Recovery-as-a-Service Market
With approximately 42 percent share of the current market revenue, Tier 3, emerging companies represent a highly concentrated landscape, with wider offerings. Sum of market share of all small sized local Disaster Recovery-as-a-Service vendors is significantly higher than any individual Tier-1 player’s market share. The tier-3 companies include, Zerto, Veeam Software, Vox Telecom, and Datacentrics
Tier-1, leading companies including NTT Communications, IBM Corporation, Amazon Web Services, and Microsoft Corporation hold a market share of nearly 38 percent, with key focus on product innovation strategies.
Disaster Recovery-as-a-Service vendors falling under tier-2 category, account for roughly 20 percent of the total market share. Acronis, Sungard, and Citrix are the leading tier-2 players profiled in the FMI report on Disaster Recovery-as-a-Service market. As their key differentiation strategy, the tier-2 players are anticipated to enter into strategic partnerships with various tier-1 and tier-2 companies to expand its offerings to other potential end-users along with accelerating its product developments and go-to-market initiatives.
Besides expansion strategies, key Disaster Recovery-as-a-Service vendors are also making continual investments in research and development with an intention of implementing innovative solutions in its solutions and services.
For more insights on the key companies studies in the report on Disaster Recovery-as-a-Service market, get in touch with the team of expert analysts at [email protected]
More from Electronics, Semiconductors, and ICT Market Insights:
Product Cost Management Market Analysis
Marketing Transcription Market Analysis
Incident And Deviation Management Solution Market Analysis
Contact Info:
Name: Abhishek Budholiya
Organization: Future Market Insights
Address: 616 Corporate Way,, Suite 2-9018,, Valley Cottage,
Phone: 3479183531
Website: https://www.futuremarketinsights.com/reports/disaster-recovery-as-a-service-draas-market
Source: MarketersMedia
Release ID: 494422
More News
Can You Name The Latin American Country By The Flag?
Prove you're a flag aficionado! View Entire Post ›
Meet LSU Tigers coach Lane Kiffin’s daughter Landry Kiffin, who’s studying at Ole Miss
Lane Kiffin’s decision to leave Ole Miss only days before their first college football playoffs to coach their long-time rivals, the LSU Tigers, has not been received well by his old team – and things got especially heated ahead of the LSU vs. Ole Miss match on September 20, with the latter claiming victory. Landry Kiffin, Kiffin’s oldest daughter, who is a student at Ole Miss, reportedly had several banners with inappropriate and explicit remarks directed at her. In response to the harassment,...
Indiahikes signs MoU with Andaman administration to develop multi-day trekking trails
Indiahikes has signed an MoU with the Andaman & Nicobar Administration to identify, develop and document two multi-day trekking trails across the islands. The one-year collaboration will include trail exploration, pilot trekking experiences, local skill-building, photography and video documentation, and a guidebook, with a focus on sustainable trekking and community participation.
Hong Kong-born cookie brand founder brings flavours of her youth to small-town France
In 2024, French artisanal cookie company Sucré did a four-day pop-up in Hong Kong. The response was overwhelming, says Louise Lui, the brand’s Hong Kong-born co-founder. “There was already a queue forming outside 25 minutes before us selling,” she says. “And then I was just like, ‘Oh my God, how do you know about us?’” When developing recipes for the pop-up, Lui and her French partner in life and business, Victor Selle, wanted something that would bridge cultures. They landed on familiar Asian...
The most affordable winter sun destinations for 2026: Post Office report lists countries where your money will go further - from Thailand to Tokyo
The latest Post Office Travel Money Winter Sun Report examines costs on the ground, from three-course meals to the price of sunscreen - and reveals the cheapest places to travel to this winter.
Facing a 2-year wait, this P.E.I. couple borrowed $25K to get a hip replacement in Montreal
Neil and Janet Payne call it "Le Hip Trip." The Kinkora, P.E.I., couple were facing a wait of up to a year and a half for Neil’s hip replacement — so instead of waiting, they borrowed $25,000 and drove to a private clinic in Quebec.
How Hong Kong designer Kinyan Lam’s slow fashion label puts Chinese ethnic artisans first
Hong Kong designer Kinyan Lam’s autumn/winter 2026 collection, Grounded, is more than a seasonal drop. It sets a clear vision for the future of his eponymous brand: that slowing down is the only way forward. “I heard a saying that plants and trees have two ways of growing: they explode into the world, but their roots continue to dig deep into the soil,” says Lam, who is in his thirties. “Right now, I am just a small tree, and I want to grow my roots deeper so I can grow into a big tree. This is...
More women are taking testosterone to treat menopause symptoms. Does science support that?
Testosterone is touted as a cure-all for menopause symptoms on social media, and more women are now taking it off-label. Scientists want more research.
What Canada's wastewater reveals about drug use in 8 cities
New StatCan data shows sharply different drug-use patterns across eight Canadian cities, with methamphetamine elevated in parts of the Prairies and Moncton, cocaine comparatively high in Halifax and fentanyl highest in Metro Vancouver.
Whistleblower alleges millions of Driscoll’s berries sent to Canada with excess chemical levels
A whistleblower lawsuit in California is alleging millions of pounds of Driscoll's fruit containing non-compliant levels of pesticides and chemicals crossed the border into Canada, and the company tried to cover it up.
This medical device heading to space with Joshua Kutryk is also helping people here on Earth
On Oct. 1 Canadian Space Agency astronaut Joshua Kutyrk will blast off from Cape Canaveral, Fla., and he’s bringing some innovative Canadian tech with him.
Travel leaders gather in the Maldives for World Travel Awards
The Maldives is preparing to welcome travel and tourism leaders from across the region for the World Travel Awards Asia, Oceania & Indian Ocean Gala Ceremony 2026, powered by Bank of Maldives. The ceremony will take place at CROSSROADS Maldives on Sunday, 27 September 2026, coinciding with World Tourism Day. The evening will bring together leading travel, tourism and hospitality brands from across Asia, Oceania and the Indian Ocean to celebrate excellence across a wide range of categories, including hotels, resorts, airlines, tour operators, destinations and tourism attractions.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.