Report highlights global DRaaS market opportunity to reach $11.11 Billion by 2021
with multiple Geminare-enabled Service Providers capturing leadership positions.
PALO ALTO, CA, AUGUST 10th, 2016 – Geminare, the leading technology platform enabler for DRaaS Service Providers, announced today that it and its Resiliency Management Platform (RMP) have been recognized as a Key Innovator by the global research firm MarketsandMarkets in their 2016 DRaaS Market Research Report.
“Highlighting Geminare’s vast experience and deep market understanding, the Resiliency Management Platform (RMP) easily represents the industry's most innovative, multi-tiered platform designed specifically to address the complexities identified by Service Providers when delivering and supporting DRaaS solutions,” reports MarketsandMarkets.
The RMP was built from the ground up to address the very significant recovery and availability management challenges that Service Providers and their customers face as they deal with the complexity of multi-disciplined DR deployments and technologies to and from the Cloud including Public, Private, and Hybrid deployment models.
“By enabling a cohesive platform where support personnel, customers, and Service Providers can collaborate on the management of their DR and DRaaS needs, we have set our sights on addressing the challenges of a hybrid delivery model with the RMP,” said Joshua Geist, CEO, Geminare. “The RMP drives very unique competitive business advantages for our growing cohort of leading delivery Service Providers, and we have seen it continually incorporated among leading technologies in the DRaaS market.”
The utilization of the RMP within a worldwide ecosystem of Service Providers comes at an ideal time, as the Disaster Recovery as a Service (DRaaS) market size is estimated to grow from USD 1.68 Billion in 2016 to USD 11.11 Billion by 2021, at an estimated CAGR of 45.9% from 2016 to 2021. (MarketsandMarkets, Publishing Date: July 2016, Report Code: TC 3490)
The RMP is part of Geminare’s Cloud Management Platform offering and is the core DRaaS platform in use by many Service Providers including four Geminare partners that were highlighted in the recent 2016 Gartner Disaster Recovery as a Service Magic Quadrant, two of which as MQ Leaders. The RMP was also successfully positioned as the leading platform in all four of the use cases within Gartner’s most recent DRaaS Critical Capabilities Assessment report.
The Resiliency Management Platform is the leading Disaster Recovery as a Service (DRaaS) Cloud platform that enables global Service Providers to successfully incorporate Hybrid DRaaS into their solution portfolios. In-market with the #1 ranking for DRaaS solutions, the RMP capability received the Highest Product Rating Score in Gartner’s Critical Capabilities for Recovery as a Service Report and represents the industry's most mature, multi-patented, multi-tiered, and award-winning DRaaS Enablement Platform. The Resiliency Management Platform powers DRaaS Magic Quadrant Leaders and many of the world’s leading Service Providers including NTT Communications, Cable & Wireless Communications, Google Cloud Platform, HPE, TierPoint, Iron Mountain, and many others. Geminare is headquartered in Silicon Valley, with additional operations in Toronto, Canada. www.geminare.com
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