The global DRaaS market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 23.3% during the forecast period, to reach USD 14.6 billion by 2025 from USD 5.1 billion in 2020. Increased adoption of cloud, reduced time and costs, and enhanced focus on business continuity are expected to spur the demand for DRaaS offerings across the globe.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=962
The DRaaS market includes major vendors, such as Microsoft (US), IBM (US), VMware (US), iland (US), Recovery Point (US), Sungard Availability Services (US), InterVision (US), AWS (US), TierPoint (US), Infrascale (US), Acronis (Switzerland), Axcient (US), BIOS Middle East (UAE), C&W Communications (UK) Carbonite (US), Daisy (UK), Databarracks (UK), Datto (US), Evolve IP (US), Expedient (US), Flexential (US), Geminare (Canada), NTT (Japan), Quorum (US), SorageCraft (US), Unitrends (US), RackWare (US), Druva (US), Aptum (US), DARZ (Germany), Zettagrid (Australia), PhoenixNAP (US). The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as Microsoft, IBM, VMware, iland, and Recovery Point have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the DRaaS market.
Microsoft is one of the leading players in the DRaaS market. The company has achieved growth in the global DRaaS market with the help of organic and inorganic growth strategies. As part of its organic growth strategies, the organization focuses on product innovations to gain an advantage over its competitors. The company constantly upgrades its key offering Azure Site Recovery to provide better disaster recovery and business continuity to its customers. It is strategically entering untapped markets, such as India, with its business continuity solutions. It easily expands its reach worldwide through its robust ecosystem of partners. It provides a wide range of benefits to its partners who help grow its market share. As a part of its inorganic growth strategies, Microsoft is focused on partnering with other DRaaS providers with an intention to offer combined solutions to customers for efficient disaster recovery and reduced downtime. It is also keen on offering joint solutions with its partners to improve business scenarios in COVID-19.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=962
IBM is an eminent player in the DRaaS market, as it provides strong cloud-based offerings. The company is currently focusing on catering to its customers with highly competent technology-enabled products and services in cloud, analytics, mobile, social, and security to sustain competition. With the growing demand for cloud-based solutions and services for disaster recovery, the adoption of cloud-based resiliency is gaining traction and benefitting strong players such as IBM. The organization aims at delivering innovative solutions and improved business continuity while planned and unplanned IT outages, thereby satisfying its customers. The key factors responsible for major shares in the market are wide geographic reach, strong distribution channels, and enhanced DRaaS offerings. The company focuses on strengthening its organic growth strategies, such as constant product enhancements and new product launches. These growth strategies have helped IBM hold its position in the DRaaS market, while they have also helped the company contentiously offer improved DRaaS solutions.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441