Market World Disaster Recovery as a Service Market | Page 2

prominent loss and RPO enables the system to figure out which recovery process would maneuver the process
after predicting the amount of downtime. 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.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/disaster-recovery-as-a-service-draas-market
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 non-
existence 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