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The North America Disaster Recovery as a Service Market Size is poised to grow at a growth rate of 42.1% CAGR during the forecast period.
Disaster Recovery as a Service has presented a feasible answer to accomplish effective and efficient disaster recovery in a variety of application areas. The primary factors driving the continuing development of the market are faster restoration, increased overall flexibility, automated, economical and much easier evaluation of service effectiveness. Mounting global enterprise IT investing throughout the application segment has driven the expansion of the Disaster Recovery market. Additionally, ability to economically safeguard all programs with cloud-based disaster recovery is significantly complimenting the Disaster Recovery as a Service market advancement. Insufficient Tracking and Complexness of Implementation are classified as the notable obstacles challenging the growth of the Disaster Recovery as a Service market. Additionally, the regressing price of back-up storage and outsourcing solutions are barriers for the market development.
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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 $ 115.1 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 $ 238.8 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 $ 258.7 million in 2015. Two types of Organization size the market is segmented into large Enterprises and Small & Medium sized Enterprises.
Based on country, Disaster Recovery as a Service market is segmented into US, Canada, Mexico and Rest of North America. US remained the dominant region in the North America Disaster Recovery as a Service market in 2015. Canada 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.