Press Releases

Wednesday, Nov 13, 2013

RaaS Market to Hit $5.7 Billion by 2018, Dominated by Geminare, TechNavio Reports

 
 
 
 
TechNavio forecasts the Global Recovery as a Service market to grow at a CAGR of 54.64%
with Geminare identified as a vendor poised to dominate the market.
 
 
November 13th, 2013, Palo Alto, CA – TechNavio, a leading market research and opportunities analyst firm, recently published an in-depth market assessment of the Recovery as a Service (RaaS) Market, projecting a CAGR of 54.64 percent in the coming years and a market valued at US$5.7B million by 2018.  The report identifies Geminare as one of the vendors best positioned to dominate this high-growth RaaS market.
 
According to TechNavio, one of the key factors contributing to this dramatic RaaS market growth projection is the “increased need for flexibility among user organizations,” referring to the recent availability and feature-rich functionality of cloud-based disaster recovery services.  TechNavio notes that the global Recovery-as-a-Service market is “witnessing an increase in demand for cloud-based disaster recovery among enterprises and SMEs,” and an “increased adoption of cloud-based disaster recovery in developing economies.”  
 
The report names Geminare as “one of the major pure-play cloud-based disaster recovery solution vendors,” and acknowledges Geminare’s market leadership by highlighting the fact that the company owns “the world's first recovery-as-a-service delivery platform patent,” which is in use by the majority of large RaaS providers today.
 
The 55-page report, “Global Disaster Recovery-as-a-Service Market” (Document #IRTNTR2883), describes the market opportunity on a global scale and answers questions such as: 
  • What will the market size and growth rate be in 2018?
  • What are the key market trends?
  • What is driving these trends?
  • Who are the key vendors (including strengths and weaknesses)? 
  • What is the overall market opportunity for these vendors?
 
Geminare’s President and CEO, Joshua Geist, reflected on the many insights provided in the TechNavio study, stating, “A year ago, there were only a handful of global providers of BC/DR solutions–all traditional in scope–so the idea that service providers can reinvent themselves virtually overnight and become substantial players in the RaaS ecosystem is truly remarkable.  Armed with the ability to rapidly and seamlessly deploy feature-rich RaaS solutions at a fraction of the cost of traditional, legacy offerings, the new breed of BC/DR providers–the majority of which are Geminare RaaS partners–are successfully staking claims in this massive emerging market.  I’m delighted that the TechNavio report recognized Geminare’s significant contribution to the growth of RaaS.”
 
Geminare will be attending the upcoming Gartner Data Center Conference on Dec 9 – 12th in Las Vegas, NV to further discuss the RaaS market and recent studies and research.
 
The full report is available directly from TechNavio at “Global Disaster Recovery-as-a-Service Market 2014-2018".
 
 
About Geminare
Geminare is the #1 ranked Recovery as a Service (RaaS) technology provider, enabling leading telecom companies, ISVs and Cloud Service Providers (CSPs) to launch successful global RaaS offerings. Geminare’s award-winning, patented Cloud CORE Platform is a proven, mature, multi-tiered service delivery vehicle that is the foundation of Geminare’s entire RaaS data protection suite.  The CORE Platform capability has allowed Geminare to power the offerings at over 50% of the world’s leading RaaS providers, such as NTT Communications, Columbus Networks, CA Technologies, OpSource, Iron Mountain, CenturyLink, HOSTING, Bell, Allstream, Ingram Micro, Long View Systems and many others allowing them to enter the rapidly growing RaaS market through their own Cloud infrastructure. Geminare is headquartered in Los Altos, CA, with additional operations in Toronto, Canada.
www.geminare.com
 
 
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All names referred to are trademarks or registered trademarks of their respective owners.
 
For media inquiries, please contact:
 
Susan Bantin
Geminare
1-650-319-8577 x238
sbantin [at] geminare.com 
 

1st  - Joshua Geist, CEO of Geminare, Recognized as 2017 CRN® Channel Chief
6th  - Resiliency Management Platform Winner of TMC’s 2016 Cloud Computing Backup & Disaster Recovery Award
11th  - Resiliency Management Platform Named Finalist and Runner-Up in 2016 SVC Awards
10th  - Geminare Secures Key Innovator Position in DRaaS MarketsandMarkets Research Report
20th  - TierPoint Debuts as a Challenger in Gartner’s 2016 Magic Quadrant for Disaster Recovery as a Service
21st  - Geminare’s CMP Announced as Finalist in 2016 CIR International Business Continuity Awards
29th  - Geminare CEO & President, Joshua Geist, speaking at AGC 2016 Information Security Conference
22nd  - Joshua Geist, CEO of Geminare, Recognized as 2016 CRN® Channel Chief
2nd  - TierPoint and Geminare Expand Partnership to Deliver Best in Class DRaaS
10th  - Geminare and Google Cloud Platform Winner of TMC’s 2015 Cloud Computing Backup and DR Award
29th  - Geminare Launches Global Availability of DRaaS Fully Certified with HP Helion OpenStack®
6th  - NTT Communications launches DRaaS solution in Europe
31st  - Geminare and VMware Collaborate to bring DRaaS Solutions to VMware’s vCloud Air
5th  - Geminare Partners Prominent in Gartner’s Inaugural DRaaS Magic Quadrant
20th  - Geminare CEO & President, Joshua Geist, speaking at AGC 2015 Information Security Conference
16th  - Geminare Recognized at 2015 CIR Business Continuity Awards
9th  - Geminare Awarded Patent for its DRaaS Platform
11th  - Geminare collaborates with Google to deliver DRaaS
1st  - Geminare Recognized at 2014 CIR Risk Management Awards for Best Use of Technology
12th  - Geminare Named HP 2014 AllianceOne Partner of the Year
2nd  - Geminare Wins 2014 Most Innovative Solution Award from CIR Business Continuity
30th  - Geminare Named “Cool Vendor” by Gartner, Inc.
8th  - Geminare Recognized at 2014 CIR Business Continuity Awards for Most Innovative Product and Solution
17th  - Geminare Enables Recovery as a Service Solutions for HP Partners
24th  - Geminare’s CEO, Joshua Geist, Named as 2014 CRN Channel Chief
10th  - RaaS Market Explodes in Latin America
11th  - Cosentry brings Recovery as a Service to the Midwest market
9th  - NTTCom Recognized with Highest Score for Product in Gartner’s 2013 Critical Capabilities RaaS Report
13th  - RaaS Market to Hit $5.7 Billion by 2018, Dominated by Geminare, TechNavio Reports
26th  - Recovery as a Service Patent Highlighted Among Top 10 Telco Patents
7th  - SUITS - Synopsis Under IP/Patents Telecom Sourcing Conference - 2013
3rd  - Nearly 3 out of 4 Enterprises Evaluating Recovery as a Service, Reports ESG Geminare Product Brief
27th  - Geminare Recognized at 2013 CIR Business Continuity Awards for Most Innovative Product of the Year
25th  - Geminare’s CEO, Joshua Geist, Named as 2013 CRN Channel Chief
3rd  - NTT Communications Presents Cloud Recovery at Gartner Data Center Conference 2012
3rd  - Geminare’s myVault Email Archive Finalist for Windows Azure Platform ISV Partner of the Year Award
26th  - Geminare CEO & President, Joshua Geist, speaking at TMC Cloud4SMB Expo 2012 in Austin, TX Oct 2-5
29th  - NTT America Expands Recovery as a Service Portfolio with Geminare’s Cloud Recovery Solution
14th  - Geminare Recognized at 2012 CIR Risk Management Awards for Risk Management Product of the Year
13th  - Geminare Addresses Rapid Growth Adding VP Global Channels and Alliances Veteran Steven Wagner
2nd  - THINKstrategies StrategicThinking Profile: Geminare’s myVault Email Archive powered by Windows Azure
9th  - Geminare Redefines Global Email Archiving Landscape through Microsoft’s Windows Azure
13th  - Geminare Extends Patented CORE Platform to Microsoft Azure Marketplace
24th  - Geminare Recognized at 2012 CIR Business Continuity Awards for Most Innovative Product of the Year
19th  - Recovery as a Service Platform Patent Issued to Geminare
19th  - Geminare Strategic Alliance with Microsoft Brings Recovery as a Service to the Windows Azure Cloud
7th  - Geminare CEO, Joshua Geist, hosting Arrow Fusion Webinar. Dec 13, 2011
31st  - Geminare CEO, Joshua Geist, hosting Arrow Fusion Webinar. Nov 17, 2011
28th  - Geminare CEO, Joshua Geist, hosting Allstream Webinar. Nov 16, 2011
27th  - Geminare CEO, Joshua Geist, speaking at Cloud Channel Summit 2011 in Mountain View, CA. Nov 7, 2011
24th  - Geminare CEO, Joshua Geist, speaking at ComputerWorld SNW Fall 2011 in Orlando, FL Oct 10-13
24th  - Connect In Private Corp. Chooses Geminare Global Cloud Recovery Standard for Latin America, Europe
18th  - Geminare Appoints Industry Veteran Robert Sandie as Vice President Corporate Development
2nd  - Geminare Empowers Online Backup Industry with Introduction of Virtual Server Rapid Recovery
2nd  - Geminare Revolutionizes DR Market by Integrating Rapid Recovery & BC with Iron Mountain’s LiveVault
6th  - Evaluator Group Report Identifies Geminare as Rapid Enabler of Higher-Value Cloud Solutions
4th  - Geminare Short-Listed for 2011 CIR Business Continuity Awards
17th  - Government of Canada embraces Nisha’s Cloud Recovery product, powered by Geminare
7th  - Geminare and Hosting.com Leverage the Cloud to Revolutionize the BC/DR Industry
3rd  - Allstream and Geminare partner to change the economics of business continuity and disaster recovery
4th  - ESG Report Concludes Geminare is Changing the Economics of BC/DR
16th  - LexisNexis Canada Partners with Geminare to Deliver Managed Cloud Services
12th  - Geminare Wins THINKstrategies Cloud Computing Business Value Award
21st  - Storage Strategies NOW: “Geminare Leads Recovery as a Service Market”
14th  - Geminare Delivers Recovery as a Service to the Enterprise
26th  - Qwest Expands Cloud-Based Services with Introduction of Real-Time Application Recovery
27th  - Geminare Launches Cloud Storage Assurance 2.0
20th  - Geminare adds iPhone integration to its Cloud Recovery services with launch of iCloudRecovery
6th  - Enomaly and Geminare partner to deliver strategic Cloud Infrastructure and Recovery as a Service off
15th  - Geminare adds Recovery as a Service to Amazon’s Web Services Elastic Compute Cloud (EC2)
18th  - Geminare vaults the Recovery as a Service market forward:  Geminare Server Replication 2.0 for Cloud
29th  - Bechtle AG adds Geminare’s hosted Business Continuity Service to direct sales division
7th  - Synergy Global Solutions selects Geminare Incorporated for First Cloud-Based Storage Service
29th  - Bell brings Geminare Incorporated’s hosted business continuity solution to the Canadian SMB market
4th  - Geminare’s SaaS Business Continuity Service Foundation for Ingram Micro’s New SMB Channel Offering
15th  - CA & Geminare Short-Listed for 2009 CIR Business Continuity Award
10th  - Geminare Announces the First Cloud-Based Storage Solution to Deliver Continuous Server Availability
25th  - Geminare Incorporated Signs IT Giant Bechtle AG to Provide Geminareʼs Hosted Business Solution
17th  - CA selects Geminare as its Worldwide Go-To-Market Provider for Hosted SaaS-based Business Continuity