LONDON--(BUSINESS WIRE)--The global disaster recovery-as-a-service (DRaaS) market is expected to post a CAGR of close to 36% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the improved manageability and protection. DRaaS ensures continuity of business operations in case of an outage. Through a web-based control panel, DRaaS improves security and visibility of networks and servers with real-time activity and system health monitoring and reporting. DRaaS solutions offer full control and support manual and automatic failure. They also provide customer information on the state of health of entire IT estate. Some of the features offered by these solutions are ecosystem auditing, integrated data archiving, hybrid cloud availability monitoring, cross-cloud infrastructure management, cross-platform health monitoring, and sophisticated metering. Moreover, DRaaS solutions protect businesses by replicating critical servers, operating systems, applications, and end-user data to cloud data centers. Thus, with advantages such as these, the market is expected to register a positive outlook during the forecast period.
This market research report on the global disaster recovery-as-a-service (DRaaS) market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the introduction of data healing capabilities as one of the key emerging trends in the global disaster recovery-as-a-service (DRaaS) market:
Global disaster recovery-as-a-service (DRaaS) market: Introduction of data healing capabilities
Maintaining the integrity of data is crucial for big organizations. They want the data transacted and stored to be secure, correct, and uncorrupted. Hence, DRaaS vendors such as IBM have already introduced active protection with data healing capabilities to defend against any cyberattack. With the creative minds of cybercriminals, data protection is now being shifted from reactive to proactive mode. Cognitive security solutions are being implemented across industries. These solutions use artificial intelligence (Al) and machine learning to detect threats and unusual behavior in advance and restore damaged data automatically. DRaaS solutions also offer a feature which ensures that the recovered data has not been altered and its integrity and security is maintained.
“Apart from data healing capabilities, some other factors boosting the growth of the market are adoption of AI in disaster recovery, and increasing adoption of cloud-based disaster recovery solutions,” says a senior analyst at Technavio for research on enterprise application.
Global disaster recovery-as-a-service (DRaaS) market: Segmentation analysis
This market research report segments the global disaster recovery-as-a-service (DRaaS) market by deployment (public cloud-based DRaaS, private cloud-based DRaaS, and hybrid cloud-based DRaaS) and geographical regions (APAC, EMEA, and the Americas).
The public cloud-based DRaaS segment led the market in 2017 with a market share of close to 60%, followed by private cloud-based DRaaS, and hybrid cloud-based DRaaS respectively. However, during the forecast period, the hybrid cloud-based DRaaS segment is expected to register the highest incremental growth, followed by the private cloud-based DRaaS segment.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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