Harrisburg, NC -- (SBWIRE) -- 02/12/2019 -- The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Disaster Recovery Service production region, major players, and product type which will provide a simplified view of the Disaster Recovery Service industry. The Disaster Recovery Service market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Disaster Recovery Service market which will help the emerging market segments in making vital business decisions.
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The global disaster recovery as a service market was valued at USD 1.94 billion in 2017 and is projected to reach a value of USD 13.74 billion by 2023, at a CAGR of 38.58% over the forecast period, 2018-2023.
Disaster Recovery Service Market Segmentation:
This report on Global Disaster Recovery Service market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Disaster Recovery Service. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
Global Disaster Recovery Service market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including MICROSOFT CORPORATION, DELL EMC, COMMVAULT, IBM CORPORATION, HPE CO., VERITASTECHNOLOGIES, SYMANTEC CORPORATION, ORACLE CORPORATION, VMWARE INC., CISCO SYSTEMS INC. amongst others.
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Increasing Applications through Cloud-based Disaster Recovery
There are several advantages to cloud-based disaster recovery solutions, of which, the most important are the inherent benefit of flexibility and cost effectiveness. Cloud-based disaster recovery leads to faster data recovery, and hence, attains the recovery goals of the company. With increase in the adoption of hybrid cloud, SMEs have found various benefits to protect them from certain disasters.
North America Occupied Major Market Share
In North America, disaster recovery services are expected to account for a greater share of the overall IT expenses of organizations over the forecast period. The need to reduce the financial toll that arises from network outages and system downtime is driving an increasing number of SMEs to plan actively for business continuity services. Changing regulatory compliance is also pressurizing organizations, particularly in the United States to adopt disaster recovery services.
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This independent 102 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Disaster Recovery Service market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2023.
Key Developments in the Market
-October 2017 - IBM introduced IBM Cloud Private software, designed to enable companies to create on-premise cloud capabilities and accelerating app development. The software also facilitates integration and portability as they adapt to any cloud environment.
Reasons to Purchase this Report
-Impact of data loss on the increasing growth of disaster recovery service market.
-Analysis of various perspectives of the market with the help of Porter's five forces analysis.
-Growth across various end users, such as IT, government, BFSI, and healthcare.
-Regional analysis of the market.
-Identify the latest developments, market shares, and strategies employed by the major market players.
-3 months analyst supports, along with the Market Estimate sheet (in excel)
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