London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the DRaaS Market in the US 2015-2019, which is expected to grow at a CAGR of 50.35 percent during the forecast period of 2014-2019.
The DRaaS market in the US has shown rapid growth in recent years because of the increased need to improve overall data security by protecting data in extreme situations for continuous and seamless business operation. Companies have started implementing virtualized cloud-based DR solutions as they can be easily automated, are less expensive, and have reduced downtime compared to the traditional recovery methods.
“Hybrid cloud DRaaS reduces expenses, retains data on premises for fast local recovery, and protects physical and virtual operating systems and applications,” says Faisal Ghaus, Vice President of TechNavio.
“The adoption of hybrid cloud DR services will eliminate the need for a secondary DR site, enhance traditional DR solutions, and enable delivery of DR solutions for remote offices.”
Key Market Drivers
- Reduced Costs
- Stringent Regulatory Requirements and Pressure from Partners
- Business Agility and Flexibility
Key Market Trends
- Appliance-based DRaaS
- Hybrid Cloud Deployment Model for DRaaS
- BYOD
Key Market Vendors
- CA Technologies
- EVault Inc. (Seagate Company)
- Geminare Inc.
- Hewlett Packard (HP) Corp.
- International Business Machines (IBM) Corp.
- iland
- nScaled Inc.
- SunGard Data Systems Inc.
- Verizon Communications
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
