San Francisco, 22
November 2018: The global disaster recovery solutions market size
is expected to reach USD 26.23 billion by 2025, according to a new study by
Grand View Research, Inc., registering a strong CAGR of 36.5% during the
forecast period. The market has been experiencing a significant increase in
demand owing to growing instances related to infrastructure failure, cyberattacks,
natural disasters, and other internal and external threats. Unanticipated
events such as these cause disruption in business operations, resulting in
massive losses for organizations.
Various companies are reconsidering their
plans for backup and recovery of important business applications and data over
the past few years owing to increasing occurrences of planned, manmade
disasters. For instance, malicious attacks such as WannaCry and Locky
ransomware in 2017 led to the loss of thousands of encrypted files and systems.
Government and private sectors incurred considerable financial losses owing to
these attacks.
Businesses are increasingly incorporating
disaster recovery (DR) solutions in their business continuity strategies,
making DR plans a critical part of IT priorities. Moreover, increasing
awareness about the benefits of implementing such solutions and growing
adoption of cloud-based solutions are promoting the adoption of disaster recovery
solutions among SMEs.
Access
Research Report of Disaster Recovery
Solutions Market @ www.grandviewresearch.com/industry-analysis/global-disaster-recovery-solutions-market
Further key findings from the study suggest:
· By type, the backup and recovery solutions
segment is expected to exhibit the highest CAGR of 38.8% over the forecast
years, owing to easy, cost-efficient, flexible, and secure backup and recovery
of critical business data in the event of a disaster
· Among professional services, managed
services are presumed to register the highest CAGR of 37.0% over the forecast
period, as they help curb costs while ensuring unaltered service quality
· On the basis of enterprise size, the small
enterprise segment is anticipated witness the fastest growth from 2017 to 2025,
owing to increasing adoption of cloud-based solutions by SMEs
· Currently, hybrid deployment is the most
preferred method for deploying disaster recovery solutions and is expected to
retain its popularity over the forecast period, owing to the fact that it helps
in lowering on-premise installation costs
· By end use, the government and public
sector is anticipated to witness the highest adoption over the coming years, owing
to growing number of digitalized economies, especially in developing nations
· Asia Pacific is anticipated to expand at
the highest CAGR of 40.0% over the forecast period, owing to increasing IT
investments in developing nations such as China and India
· Key industry participants operating in the
market include Unitrends, IBM Corporation, iland Internet Solutions, Sungard
Availability Services, and Microsoft Corporation.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global disaster recovery solutions market based on type, deployment, enterprise
size, end use, and region:
Disaster Recovery Solutions Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Backup & Recovery
·
Data Security
·
Replication
·
Professional Service
Disaster Recovery Solutions Deployment Outlook (Revenue,
USD Million, 2014 - 2025)
·
Hybrid Cloud
·
Public Cloud
·
Private Cloud
Disaster Recovery Solutions Enterprise Size
Outlook (Revenue, USD Million, 2014 - 2025)
·
Large Enterprise
·
Small & Medium Enterprise
Disaster Recovery Solutions End-use Outlook
(Revenue, USD Million, 2014 - 2025)
·
BFSI
·
Government & Public Sector
·
Healthcare
·
IT & Telecommunication
·
Manufacturing
·
Retail
·
Others
Disaster Recovery Solutions Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Disaster Recovery Solutions Market@ www.grandviewresearch.com/press-release/disaster-recovery-solutions-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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