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Disaster Recovery as a Service Market to Reach $11.11 Billion by 2021 - Driven by Faster Data Recovery & Cost-Effectiveness - Research and Markets

[August 09, 2016]

Disaster Recovery as a Service Market to Reach $11.11 Billion by 2021 - Driven by Faster Data Recovery & Cost-Effectiveness - Research and Markets

Research and Markets has announced the addition of the "Disaster Recovery as a Service Market - Global Forecast to 2021" report to their offering.

The DRaaS market size is estimated to grow from USD 1.68 billion in 2016 to USD 11.11 billion by 2021, at a CAGR of 45.9% from 2016 to 2021. The DRaaS market is driven by factors such as faster data recovery, cost-effectiveness, greater flexibility, automation capability, and simpler testing.

Professional services segment is expected to grow at the highest rate during the forecast period as these services provide training & consulting, support & maintenance, and system integration services to end-users. These services enable enterprises to choose the best possible solution and services depending upon the business requirements and also deliver cost-effective and backup support for technical queries to prevent any downtime.

North America is expected to dominate the DRaaS market by holding the argest market share due to presence of a large number of DRaaS vendors. APAC offers potential growth opportunities due to the explosion of new technologies combined with increasing business needs and increase in the number of organizations adopting DR services.

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