Techno World Disaster-Recovery-as-a-Service-(DraaS)-Market | страница 2

the disaster recovery as a service market growth. Moreover, owing to the cloud operations, these
offerings provide smooth functioning of businesses through virtualization of the whole
infrastructure. This enables the concept of run first and fix later capability for business
functioning, which will continue to be the major growth factor over the forecast period.
“Advancements to enable full data recovery in least time requirements is expected to
provide considerable boost to the industry growth”
According to Coherent Market Insights research findings, hardware failures, software or upgrade
installation, power loss or interruption, and accidental data deletion are among the major
reasons leading to loss of data. Ability of the solutions to provide 100% recovery in matter of
hours in such circumstances is expected to boost the adoption over the forecast period.
Moreover, other attributes of these DRaaS include application recovery, ability to run IT systems
through cloud, high resilience and security, and adherence to Sarbanes-Oxley Act (SOX), Health
Insurance Portability and Accountability Act (HIPAA), and Payment Card Industry Data Security
Standard (PCI DSS) regulations have led to increased end use participants inclinations towards
these solutions. Owing to increasing adoption, it is anticipated that these disaster recovery as a
service market segment will evolve as part of the sustainable platform over the forecast years.
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“Growing security concerns and compliance requirements are expected to present
major growth challenge to the industry participants”
Increasing threats from malwares and data hacking incidences are expected to consistently
challenge the overall IT infrastructure developments through the forecast period. Industry
participants are increasingly required to meet the distinct regional regulatory requirements and
international standards such as BCI standards, HITECH, PCI, and SOC2 among many others.
Moreover, flow of data across international borders have to meet with several compliance
obligations and restrictions. This is expected to present major growth challenge over the forecast
period.
U.S. held the largest disaster recovery as a service market share in 2016, is expected to continue
its dominance over the next few years owing to high adoptions and presence of reliable and chief
industry participants in the region. Owing to considerable business demands in Asia Pacific, that
specifically include countries as China, India, Japan and Singapore, the region is expected to
witness growth over 30% CAGR during the forecast period.