The global disaster recovery solutions market is expected to witness high market growth over the forecast period due to increasing enterprise dependency on IT infrastructure and business solutions. Information & data forms a vital part of business operations, protecting it from the occurrence of disaster, and is a must for the implementation of recovery of the business. To ensure uninterrupted business functioning in case of occurrence of serious events or disasters, the disaster recovery solutions provide a way to carry out the business efficiently. Disaster recovery solutions help avoid loss of critical and sensitive business data and eventually prevent the business from coming to a standstill. With more emphasis being laid on business continuity in the recent times, the disaster recovery solutions market is expected to gain momentum.
The disaster recovery solutions are basically backed up by services that help with the retrieval of a business after it has faced serious events or disasters. The disaster recovery solution finds application across various verticals such as defense, healthcare, e-commerce, and energy & power. Complete automation, business agility, stern regulatory requirements, storage & backup and management & control drive the disaster recovery solutions market. Being able to recuperate from environmental disasters and catastrophes is a top priority of enterprises. This subsequently has made enterprise owners to rely on disaster recovery systems and monitoring tools. Business managers and top decision makers are looking out for ways that help them in securing as well as recovering business critical data and applications, in an economical way with less downtime.
Disaster recovery solutions providers offer its services according to the size of the organization, ranging from Small Medium Business (SMB) and Small Office or Home Office (SOHO) and large enterprises. Moreover, these are classified into synchronous and asynchronous disaster recovery systems. Synchronous disaster recovery modules make data replications in real time during the business operations, and thus provide high security to crucial and business sensitive data. Asynchronous disaster recovery modules replicate data at regular intervals and offer economical, consistent, and business-friendly solutions. The market can be classified on the basis of solutions offered for disaster recovery. It comprises data recovery planning and testing, real time replication, data security & compliance, and backup solutions. The services offered by the market consist of support & maintenance, consulting & system integration, and managed services. These disaster recovery services are offered by cloud service providers, telecom & communications service providers, and data recovery service providers. These solutions find applications in various verticals such as banking, financial services & insurance, healthcare, government, telecommunications & IT, transport & logistics, education, media & entertainment, manufacturing, and retail & wholesale sectors.
High initial capital investment is estimated to hinder the growth of global disaster recovery solutions market. The disaster recovery solutions are usually idle and occupy valuable space thus making it highly uneconomical. In addition to that, the disaster recovery systems are complex and slow. This ultimately makes the disaster recovery solutions market less reliable. Ever changing virtual environments have made it a tough for disaster recovery solutions market. Moreover, the issue of configuration drift poses a major threat for the market augmentation.
The Asia Pacific region is expected to witness a surge in the growth for disaster recovery solutions due to the extensive use of cloud-based technology in business operations across various industry verticals. The disaster recovery solutions market is gaining momentum especially in the countries such as Japan, China, and India. Countries from the North American region such as the U.S. and Canada are estimated to witness high market growth over the forecast period, having witnessed several disasters including hurricanes and tornadoes. Occurrences of such natural disasters have compelled these countries to lay more emphasis on secure storage and backup of critical operational data. The European countries such as the UK, France, and Germany are deemed to be early technology adopters and are highly reliant on technological expertise and tools. These factors are expected to propel growth in the disaster recovery solutions market in the European region.
The key players in the disaster recovery solutions market are Acxiom, Amazon Web Services, CA Technologies, Carpathia Hosting, CommVault Systems, EVault Inc., Hewlett Packard Corp., International Business Machines Corp., Phoenix IT Group, Recovery Point Systems, SunGard Data Systems Inc., Verizon Communications, and Windstream Communications.
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