Increasing level of competition among businesses has created a need to ensure protection, mending, and backing up & recovery to prevent loss or theft of vital data, and is a primary factor anticipated to drive the Disaster Recovery as a Service (DRaaS) Market demand. Faster recovery, greater flexibility and cost effectiveness are also potential market drivers. DRaaS enables faster recovery of data by minimizing downtime. Modern day technology does not employ any hardware component to execute the process due to the integration with cloud services, thereby providing cost effective method. High flexibility is ensured as DRaaS involves no hardware, staff or training for execution. The solution solely works on cloud platform, which automates the operations efficiently.
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The key driving factors responsible for the growth of Disaster
Recovery as a Service market :
Potential services offered by
DRaaS include DR planning, testing, backup solutions, data compliance,
real-time replication, data security, system integration and consultation,
maintenance and support. DRS can greatly provide financial benefits through
reduction in installation cost, buying, upgrading and maintenance of services
and tools. The industry is witnessing a paradigm shift with the adoption of
cloud-based services that are flexible and scalable, providing easy entry and
per person access cost. Large-scale utilization of hybrid cloud DRaaS and
increasing usage among mobile service providers are expected to provide avenues
for industry growth.
The DRaaS market is essentially
bifurcated on two main parameters that are Recovery Point Objective (RPO) and
Recovery Time Objective (RTO). RTO calculates the amount of downtime a business
can afford without any 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.
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.
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