Last updated on April 17, 2014 at 15:58 EDT

Recovery-As-A-Service Market Worth $5.7 Billion by 2018

March 11, 2013

DALLAS, Texas, March 11, 2013 /PRNewswire/ –

The report “Recovery-as-a-Service (RaaS) Market {Disaster Recovery as a Service
(DRaaS); Cloud based DR} and Business Continuity – Worldwide Forecasts and Analysis (2013
- 2018)” defines and segments the global cloud based DR market with analysis and
forecasting of global revenues. It also identifies drivers and restraints for the RaaS
market, with insights on trends, opportunities and challenges. In addition to this, the
report also offers a cloud based DR ecosystem, enterprise budget and RaaS adoption
analysis, and value chain analysis.


        - 134 market data tables
        - 71 figures
        - 222 pages and an in-depth Table of Content on "Recovery-as-a-Service Market"

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MarketsandMarkets has segmented the global Recovery-as-a-Service market based on
types, storage, providers, verticals and organization size. The RaaS types segment
comprises of self disaster recovery model, hardware to cloud disaster recovery, cloud to
cloud disaster recovery model; whilst the storage types have been segmented based on 1 TB
and below, 1 TB – 10 TB, 10 TB and above. The RaaS providers segment comprises of disaster
recovery service providers, cloud service providers, Telecom and communications service
providers (CSP), technology partners and suppliers, and others. The vertical segment
comprises of banking, financial services and insurance (BFSI), E-commerce and web,
academia and government, manufacturing, healthcare and others. Organization size comprises
of small office / home office (SOHO), small and medium businesses (SMB) as well as

The major forces driving the market are factors such as low cost, high level of
automation, dynamism, 24*7 support, secure storage and backup, location independence,
virtualization, easy deployability, recovery, management and control, along with high
utility based Business Continuity. At the same time, customers are concerned about
security and privacy in terms of cloud based DR implementation.

Disaster recovery and business continuity has been in the market since the late 2000s.
However, the buzz among organizations about DR and business continuity is just a few years
old. DRaaS is expected to replace IT infrastructure burden with cost effective and
reliable solutions. The RaaS market report also profiles major market players in the cloud
based DR space, which includes VMware, EVault, Geminare, NTT America, Windstream
Communications, CA technologies, Microsoft, IBM, Carpathia Hosting, CommVault, HP, Doyenz,
FusionStorm, Rackspace, Amazon web services, nScaled, SunGard, Datto, OpSource and Zerto
amongst others.

The global recovery-as-a-service market
[http://www.marketsandmarkets.com/Market-Reports/recovery-as-a-service-market-962.html ]
and business continuity market is estimated to grow from $640.8 million in 2013 to $5.77
billion by 2018. This represents a compounded annual growth rate (CAGR) of 55.2% from 2013
to 2018. Implementation of RaaS in organizations is expected to increase in order to
ensure business continuity and to minimize future investments on IT infrastructure. The
RaaS and business continuity markets, along with each of their sub-segments are further
bifurcated by region. The bifurcation includes North America (NA), Europe, Asia-Pacific;
including Japan (APAC), Latin America (LA), Middle East and Africa (MEA). Over the next
five years, Asia-Pacific (APAC), Europe and North America is expected to experience
increased market traction, by increasing awareness on cloud based technologies driving
this market.

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Source: PR Newswire