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. The adoption of cloud-based technologies has increased significantly which has further propelled the DRaaS market. The objective of the report is to define, describe, and forecast the Disaster Recovery as a Service market on the basis of service types, providers, deployment models, organization size, verticals, and regions, provide a detailed information regarding the key factors influencing market growth (drivers, restraints, opportunities, and challenges), and forecast the market size of market segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021.
The research methodology used to estimate and forecast the Disaster Recovery as a Service market begins with capturing data on key vendor revenues through secondary research which include annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized associations & government publishing sources. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global DRaaS market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were then employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:
To know about the assumptions considered for the study, download the pdf brochure.
The Disaster Recovery as a Service market ecosystem comprises DRaaS providers, such as Amazon Web Services (Seattle, Washington, U.S.); IBM Corporation (Armonk, New York, U.S.); Microsoft Corporation (Redmond, Washington, U.S.); SunGard Availability Services (Wayne, Pennsylvania, U.S.); VMware Inc. (Palo Alto, California, U.S.); Cable & Wireless Communications (London, U.K.); Cisco Systems (San Jose, California, U.S.); HP Enterprises Company (Palo Alto, California, U.S.); iLand Internet Solutions (Houston, Texas, U.S.); NTT Communications Corporation (Chiyoda, Tokyo, Japan); TierPoint, LLC (St. Louis, Missouri, U.S.); Verizon Enterprise Solutions (New York, U.S.). Further, the report also includes key innovators such as EMC Corporation (Hopkinton, Massachusetts, U.S.); Geminare Incorporated (Los Altos, California, U.S.) and Zerto Limited (Herzliya, Israel and Massachusetts, U.S.) that offer DR services to end users to cater to their unique business requirements.