The “Worldwide Disaster Recovery as a Service (DRaaS) Market report categories the global market by Services, Applications, End-users and Geography” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments.
Disasters are the consequences of events triggered either by machines or natural hazards on which humans have limited control. Years ago, natural disasters impacted on the society and businesses, these further the dent to overall economy of any region. The advancing technology has proved to avoid damage to an extent, events such as tsunami, floods, hurricanes, and earthquakes are some of the natural disasters which human kind have been tackling all these years. Disaster are not confined to natural activities alone, human or machine errors can also set the business to experience worst of the situations.
Though natural disasters are inevitable, technologies such as monitoring systems, alert systems and others can keep the society much updated with disasters that are possible to happen. Apart from alerts only there are systems which help enterprises to automatically recover or backup the important data which avoids minimal damage to the business. While natural disasters account some share of the risk, other disasters such as hardware failure, human error, software failure holds the major share of any business breakdown.
55% of the downtime caused due which the mid-sized and small enterprises are impacted is due to hardware failures, sometimes machines are also prone to commit mistakes as humans. Several stages of redundancy of systems such as power supplies, network controllers and hard drives it is assumed that majority of the risk is covered, but any malfunction in these systems can be easily detected with number of monitoring systems available today.
Modern hardware equipment are resistant to failures, most devices fall far short of a perfect track record. No one is immune to hard disk or internet connection failures. While it can be expensive for any company to eliminate single point of failure in overall infrastructure, companies adhering to disaster recovery which will avoid from business being impacted at a larger scale.
Disaster Recovery Plan (DRP) is also known as Business Continuity Plan (BCP) or Business Process Contingency Plan (BPCP) these plans define how an enterprise should deal with likely disasters. DRP consists of the safety measures to be taken to reduce the impacts of a disaster which further enables the company to efficiently restart functions. Usually, DRP involves complete analysis of business processes and continuity needs, it may also include a significant focus on disaster prevention.
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DRaaS adoption is increasing year on year and is being important aspect for all the computing enterprises due to their data dependency businesses, as devices, systems, and networks become more complex, leads to more probability of breakdown. The solutions and services provided for disaster recovery are through cloud to reduce the operational and capital expenses incurred.
Segmentations Covered in theDisaster Recovery as a Service (DRaaS) Market
- Solution :Disaster Planning and Testing, Real-Time Replication, Backup Solutions, Data Security and Compliance
- Services :Consulting and System Integration, Support and Maintenance, Managed Service
- End-users :BFSI, Telecommunication and IT, Retail and Wholesale, Healthcare, Entertainment, Government, Education, Manufacturing
- Geographical Analysis:North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Disaster Recovery as a Service (DRaaS) Market Report
- Honeywell International Inc.
- Lockheed Martin Corporation
- Motorola Solutions
- Rockwell Collins
- Siemens AG.
- Iridium Communication
- Telecommunication Systems
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- Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
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