Large-scale usage of cloud recovery solutions and services substantially reduce the operational cost . Cloud based DRaaS enables the enterprise and customer to store and execute the system processes on the cloud platform . Employing cloud services largely reduces cost , frees up the in-system resources and speeds up the recovery process of the system . High scale usage of cloud service shortens the recovery process which in turn provides savings . Disaster management on cloud platform must incorporate networking , testing and failovers to guarantee business continuity in the scenario of any man made or natural disaster .
The industry is majorly segmented in categories such as solutions , which include real-time replication , cloud service provider , disaster recovery service provider , data security & compliance and planning & testing . DRAS is used across in healthcare , government , telecommunication , BFSI , retail & wholesale , information technology , media & entertainment , transportation & logistics and manufacturing sectors . On the basis of service , the market is segmented in to consulting & system integration , managed service and support and maintenance .
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Large deployment models are used by system integrators and solutions vendors to execute the DRaaS disaster recovery solutions . High-end organizations incorporate this service in order capture better recovery mechanism and save upfront investments . Significant factors which are expected to upsurge the market demand include high preference for incorporating IT services to automate the businesses , increased penetration of cloud computing . Integration of big data applications , adoption of virtualization technologies coupled with growing awareness of the potential offered by these the services are the anticipated to elevate product demand over the forecast period . Major challenge faced by the industry includes platform dependent cloud services and nonexistence of disaster recovery program among small and medium-scale businesses .
Budget constraints prevent SMEs from using the cloud-based services , and there by leads to loss of crucial information and legal documents due to the occurrence of a failure . Further , security of data over the channel , location and compliance with existing systems may pose hindrance in terms of adoption to several companies . A few applications do not support platform dependent cloud-based services , which may pose a challenge to the market demand . The market is witnessing a trend where vendors are shifting their setup from on sight to cloud , which provides faster deployment , more scalability & flexibility and effectively stores crucial data .
Key players in the market include Acxiom Corporation , Amazon Web Services Inc ., Columbus Business Solutions , Acronis International GmbH , Axcient Inc ., DataGardens Inc ., Hewlett-Packard ( HP ), Databarracks Ltd ., Geminare Incorporated , International Business Machines ( IBM ) Corporation . Netmagic Solutions Private Ltd , Persistent Systems Ltd , Phoenix IT Group PLC , Zetta Inc ., VMWare Inc ., Seagate Technology LLC , SunGard , Verizon Enterprise Solutions and Windstream Communications .