Employing cloud services largely reduces cost, frees up the in-system resources, and speeds up the recovery process of the system. High-scale usage of cloud service shortens the recovery process which in turn provides savings. Disaster management on cloud platforms must incorporate networking, testing, and failovers to guarantee business continuity in the scenario of any man-made or natural disaster.
The industry is majorly segmented into categories such as solutions, which include real-time replication, cloud service provider, disaster recovery service provider, data security & compliance, and planning & testing. DRAS is used across healthcare, government, telecommunication, BFSI, retail & wholesale, information technology, media & entertainment, transportation & logistics, and manufacturing sectors. Based on service, the market is segmented into consulting & system integration, managed service, and support and maintenance.
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Large deployment models are used by system integrators and solutions vendors to execute the DRaaS disaster recovery solutions. High-end organizations incorporate this service to capture better recovery mechanisms and save upfront investments. Significant factors which are expected to upsurge the market demand include a high preference for incorporating IT services to automate the businesses, increased penetration of cloud computing. Integration of big data applications, adoption of virtualization technologies coupled with growing awareness of the potential offered by these services is anticipated to elevate product demand over the forecast period. A major challenge faced by the industry includes platform-dependent cloud services and the non-existence of disaster recovery programs among small and medium-scale businesses.
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