DRaaS market worldwide 2013-2020
The statistic shows the size of the Disaster Recovery as a Service (DRaaS) market worldwide, from 2013 to 2020. In 2015, the global DRaaS market was predicted to reach 1.4 billion U.S. dollars in size.
Additional information - Disaster Recovery as a Service (DRaaS)
Within the field of information technology, disaster recovery is the process of replicating data on servers, either physical or virtual, as a precaution against man-made or natural disasters. While IT disaster recovery ultimately aims to prevent disruption to business continuity, the focus lies on the technology systems supporting critical business functions. Disaster Recovery as a Service (DRaaS) takes this task out of house and places it in the hands of a third-party, managed service provider.
Disaster Recovery as a Service comprises four key subsegments: planning and testing, real-time replication, backup solutions, and data security and compliance. Worth an estimated 326 million U.S. dollars in 2015, backup solutions represents the largest subsegment. It is predicted to remain so for the foreseeable future, growing to a little over 3 billion U.S. dollars by 2020. At the other end of the market, the real-time replication services were worth around 170 million U.S. dollars in 2015; however, it too is predicted to expand rapidly, growing to 2 billion U.S. dollars by 2020.
A number of large technology players are active in the Disaster Recovery as a Service market, including IBM, Hewlett Packard, Amazon, VMWare, and Microsoft. Recent market activity includes IBM's acquisition of SoftLayer, strengthening the company's cloud portfolio, and VMWare's acquisition of Continuent, a provider of database replication services. According to PwC, disaster recovery and business continuity issues are strong drivers of information security spending for modern enterprises.
Additional information - Disaster Recovery as a Service (DRaaS)
Within the field of information technology, disaster recovery is the process of replicating data on servers, either physical or virtual, as a precaution against man-made or natural disasters. While IT disaster recovery ultimately aims to prevent disruption to business continuity, the focus lies on the technology systems supporting critical business functions. Disaster Recovery as a Service (DRaaS) takes this task out of house and places it in the hands of a third-party, managed service provider.
Disaster Recovery as a Service comprises four key subsegments: planning and testing, real-time replication, backup solutions, and data security and compliance. Worth an estimated 326 million U.S. dollars in 2015, backup solutions represents the largest subsegment. It is predicted to remain so for the foreseeable future, growing to a little over 3 billion U.S. dollars by 2020. At the other end of the market, the real-time replication services were worth around 170 million U.S. dollars in 2015; however, it too is predicted to expand rapidly, growing to 2 billion U.S. dollars by 2020.
A number of large technology players are active in the Disaster Recovery as a Service market, including IBM, Hewlett Packard, Amazon, VMWare, and Microsoft. Recent market activity includes IBM's acquisition of SoftLayer, strengthening the company's cloud portfolio, and VMWare's acquisition of Continuent, a provider of database replication services. According to PwC, disaster recovery and business continuity issues are strong drivers of information security spending for modern enterprises.
