TechNavio recognizes the following companies as the key players in the Global Disaster Recovery Services Market: Hewlett-Packard (HP) Co., IBM Corp., SunGard Data Systems Inc., Verizon Communications Inc., and Phoenix IT Group plc.
Commenting on the report, an analyst from TechNavio’s team said: “With the increase in adoption of hybrid cloud, SMEs have found that applying this to disaster recovery brings huge benefits. Businesses for years now have been crippled by the challenges of using tape and disk backup. Thus small and medium-sized businesses are expected to increasingly embrace hybrid cloud disaster recovery in the forecast period. Hybrid cloud disaster recovery is a combination of on-site hardware and software with cloud-based recovery. The adoption of hybrid cloud disaster recovery by businesses will eliminate the need for a secondary disaster recovery site. Moreover it will also reduce the expenses and complexities of managing and maintaining such a system.”
According to the report, several factors are driving the growth of the Global Disaster Recovery Services market, one of which is the increasing number of natural disasters. According to a World Bank report, more than 160 countries have a quarter of their population staying in areas of high mortality risk, inferring thereby that any calamity in such areas could result in large numbers of casualties. Apart from lives, businesses can be affected in the event of loss of data. Hence, there is increasing demand for disaster recovery services and solutions.
Further, the report states that one of the major challenges faced by enterprises in the market is the high upfront cost required for the deployment of disaster recovery infrastructure. Organizations need to spend a large amount of money in order to have a foolproof recovery strategy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-disaster-recovery-services-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Disaster Recovery Services Market 2012-2016
