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The Europe Disaster Recovery as a Service Market Size would grow at a market growth rate of 43.7% CAGR during the forecast period.
Disaster recovery as a service, also known as (DRaaS) when employed by organizations, offers a variety of cost-efficient possibilities to move into the cloud environment in instances of a disaster due to disruption of services. DRaaS presents business continuity to numerous organizations in addition to its applications, by making certain accessibility to IT facilities in an occasion of tragedy. In the prevailing IT environment, information security is central to the business continuity in an instance of an IT disaster.
Data is the center of the businesses as well as an important asset that needs procedures in position to guarantee access to crucial systems promptly to businesses all the time. The price of downtime might be thousands of dollars by the hour dependent upon the type and size of the business. The verticals discussed in the report include BFSI sector, Retail, IT & Telecom, Manufacturing, government, Education, Media & entertainment, Transportation and others. BFSI sector is among the highest revenue contributor to Disaster Recovery as a Service market in 2015 with revenue of $ 70.8 million in 2015.
Maximum growth is witnesses in Media & Entertainment sector. The report highlights the adoption of Disaster Recovery as a Service. Based on the service type, the Disaster Recovery as a Service market is segmented into Backup Solutions, Real-Time Replication, Data Security and Professional Services. In 2015, Backup solutions have dominated the Disaster Recovery as a Service market by service type with market revenue of $ 146.9 million. However, Professional Services is witnessing a promising growth during the forecast period (2016-2022). The provider's type highlighted in the report includes Cloud Service Providers, Telecom and Communication Service Providers and Managed Service Providers.
Among the three provider type, cloud service providers have dominated the market with market revenue of $ 159.1 million in 2015. Two types of Organization size the market is segmented into large Enterprises and Small & Medium sized Enterprises. Based on country, Europe Disaster Recovery as a Service market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant region in the Europe Disaster Recovery as a Service market in 2015. Italy would witness highest CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Disaster Recovery as a Service market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Google, Inc., HP Enterprise Company, Amazon.com, Inc., Verizon Communications, Inc., Barracuda Networks, Inc. and Cisco Systems, Inc.