Adoption of DRaaS reducing enterprise need for secondary data centers to drive growth in the market. As DRaaS solutions manage corporate data and applications, DRaaS providers are focusing to automatically perform tasks that require human intelligence with the help of AI and machine learning. Technavio's analysts have predicted that the disaster recovery-as-a-service market will register a CAGR of close to 36% by 2022.
One of the biggest challenges for a DRaaS provider is to instill the confidence amongst its customer base that their data is safe, secure, and updated always.
For the detailed list of factors that will drive and challenge the growth of the disaster recovery-as-a-service market during the 2019-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Amazon.com and IBM the competitive environment is quite intense. Factors such as the improved manageability and protection and the adoption of DRaaS reducing enterprise need for secondary data centers, will provide considerable growth opportunities to disaster recovery-as-a-service manufactures. Amazon.com, IBM, iland, Microsoft, and Sungard Availability Services are some of the major companies covered in this report.