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Disaster Recovery Service Market 2018| Worldwide Overview By Industry Size, Market Share, Future Trends, Growth Factors and Leading Players Research Report Analysis | 360 Market Updates

Disaster Recovery Service

Disaster Recovery Service Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Disaster Recovery Service market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Disaster Recovery Service Market report is anticipated to register a CAGR of 38.58% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Disaster Recovery Service Market are –

  • Microsoft Corporation
  • Dell EMC
  • Commvault
  • IBM Corporation
  • HPE Co.
  • VeritasTechnologies
  • Symantec Corporation
  • Oracle Corporation
  • VMWare Inc.
  • Cisco Systems Inc.

The global disaster recovery as a service market was valued at USD 1.94 billion in 2017 and is projected to reach a value of USD 13.74 billion by 2023, at a CAGR of 38.58% over the forecast period, 2018-2023.

Disaster recovery services play a vital role in today’s businesses, as they are highly dependent on and steered by the IT environment. The system helps in gathering and storing all the data relevant to the company. Thus, it creates a necessity for IT-dependent industries to keep pace with advances in the disaster recovery technology. The cloud-based storage method is expected to attract business firms and increase the outsourcing of recovery service during the forecast period.

Increasing Applications through Cloud-based Disaster Recovery

There are several advantages to cloud-based disaster recovery solutions, of which, the most important are the inherent benefit of flexibility and cost effectiveness. Cloud-based disaster recovery leads to faster data recovery, and hence, attains the recovery goals of the company. With increase in the adoption of hybrid cloud, SMEs have found various benefits to protect them from certain disasters. The adoption of hybrid cloud disaster recovery by businesses will eliminate the need for a secondary disaster recovery site. Moreover, the hybrid cloud will also reduce expenses and complexities of managing and maintaining a system.

North America Occupied Major Market Share

In North America, disaster recovery services are expected to account for a greater share of the overall IT expenses of organizations over the forecast period. The need to reduce the financial toll that arises from network outages and system downtime is driving an increasing number of SMEs to plan actively for business continuity services. Changing regulatory compliance is also pressurizing organizations, particularly in the United States to adopt disaster recovery services.

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Scope of the Report:

The report analyses Disaster Recovery Service market, which includes –

  • Analysis of the growth of Disaster Recovery Service market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Disaster Recovery Service market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Disaster Recovery Service market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Disaster Recovery Service market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Disaster Recovery Service Market Report:

  • Varying dynamics of the Disaster Recovery Service industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Disaster Recovery Service market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Disaster Recovery Service market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Disaster Recovery Service Market Report:

  • The report analyses how stringent emission control norms will drive the global Disaster Recovery Service market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Disaster Recovery Service market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Disaster Recovery Service:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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360 Market Updates

Mr. Ajay More

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