Story image

Global vendors to embrace Disaster Recover as a Service in near future

01 Dec 16

The global DRaaS (Disaster Recovery as a Service) market has witnessed a significant change in competitive dynamics and is now considered a highly fragmented marketplace.

That’s according to Transparency Market Research in a recent report titled “Disaster Recovery as a Service (DRaaS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

The firm says that in the next few years, a large number of new vendors and traditional RS providers are expected to move to this futuristic technology.

And, as a result, the firm explains that the market will witness a large number of mergers and acquisitions.

In terms of revenue, Transparency predicts that the global DRaaS market will show a CAGR of 35.7% between 2016 and 2024.

The firm also predicts that more flexible and cost-effective DRaaS solutions will witness continuous rise in demand. ​This is because traditional disaster recovery systems require setting up servers with the same configuration as that of the primary site.

Transparency highlights that the majority of small to medium-sized companies tend to implement DRaaS solutions during the process of setting up new infrastructure, justifying the need for surplus charges that large corporations might incur.

Some of the key factors hindering the growth of the global DRaaS market that the firm has identified are the concerns related to the security and compliance of critical business data.

Backing up processes and systems on cloud can lead to additional technical hitches owing to the complex nature of existing or conventional IT/system infrastructure of the client.

How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
25% of malicious emails still make it through to recipients
Popular email security programmes may fail to detect as much as 25% of all emails with malicious or dangerous attachments, a study from Mimecast says.
Human value must be put back in marketing - report
“Digital is now so widely adopted that its novelty has worn off. In their attempt to declutter, people are being more selective about which products and services they incorporate into their daily lives."
Wine firm uses AR to tell its story right on the bottle
A Central Otago wine company is using augmented reality (AR) and a ‘digital first’ strategy to change the way it builds its brand and engages with customers.
DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill. 
Protecting organisations against internal fraud
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Telesmart to deliver Cloud Calling for Microsoft Teams
The integration will allow Telesmart’s Cloud Calling for Microsoft Teams to natively enable external voice connectivity from within Teams collaborative workflow environment.
Jade Software & Ambit take chatbots to next level of AI
“Conversation Agents present a huge opportunity to increase customer and employee engagement in a cost-effective manner."