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“.
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.
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For media inquiries, please contact:
sbantin [at] geminare.com