MARKET OUTLOOK
The global Disaster Recovery as a Service (DRaaS) market is significantly growing in terms of revenue, at a CAGR of 36.67% during the forecast duration 2019-2027.
The constant cyber threat, digitization and rising adoption of cloud computing are driving the DRaaS market globally. Also, the rapid growth in technological advancements for data storage & security and the transformation of business continuity & disaster recovery (BC/DR) industry are further driving the growth of the market. The majority of the DRaaS global market revenue is contributed to by the backup & data recovery service segment. However, the complexity of the DRaaS system, data privacy concerns and the high costs associated with DRaaS might slow down the market growth.
The Disaster Recovery as a Service (DRaaS) market has been segmented by organization size, services, deployment mode and industry verticals. The DraaS market according to organization size includes large companies, mid-sized companies and small companies. The services segment has been classified into real-time replication services, backup services, data security service and professional service. The deployment mode has been bifurcated into to-cloud deployment, in-cloud deployment and from-cloud deployment.
REGIONAL OUTLOOK
The Disaster Recovery as a Service (DRaaS) market has been classified into five regions: the Asia-Pacific, Europe, the Middle East & Africa, North America and Latin America.
North America holds the largest share of the global DRaaS market. The growth in the North America market is mainly driven by the presence of key market players such as Amazon, IBM, Microsoft, Oracle, etc. All such companies are in the continuous development for new technology which is uplifting the growth in the North America market. Europe’s faster adoption of the DRaaS technology in the application of telecommunication, e-commerce, education and manufacturing industries are expected to provide steady growth for the DRaaS market. Countries such as Germany, UK and France dominate the DRaaS market in the European region.
COMPETITIVE OUTLOOK
The top players in the Disaster Recovery as a Service (DRaaS) market are SAP SE, Zerto, Ltd., Jive, Columbus Business Solution/Cable & Wireless Communications Plc, NTT Communications Corporation, Geminare, Incorporated, Microsoft Corporation, Cisco Systems, Inc., Amazon.com, Inc., VMware, Inc., Hewlett-Packard Company, IBM Corporation, Sungard Availability Services (AS), Rackspace Hosting, Inc. and iland Internet Solutions Corporation.
NTT Communications Corporation is a Japan-based information technology & service company headquartered in Tokyo. The company specializes in IPv6 transit, IP networking services & hosting, cloud and private networking technology. The company has a wide global presence. In 2015, NTT Communications Corp. generated revenues worth $99.2 billion. In 2015, the NTT Communications Corporation announced that the company the launch of a Disaster Recovery as a Service (DRaaS) solution in Europe as a partnership with Geminare, a Canadian IT & service company.