Disaster recovery as a service market ‘worth $11.92 billion’ by 2020

Published: Monday, 15 June 2015 09:01

According to a new market research report from Markets and Markets, the disaster recovery as a service market is estimated to grow from $1.42 billion in 2015 to $11.92 billion in 2020, at a compound annual growth rate (CAGR) of 52.9 percent.

The report ‘Disaster Recovery as a Service Market by Solution (Disaster Planning & Testing, Real-Time Replication, Backup Solution, Data Security & Compliance), by Service Provider (Disaster Recovery, Cloud, Telecom & Communication) - Global Forecast to 2020’, is a 140 page in-depth overview of the disaster recovery as a service market.

The report defines disaster recovery as a service (DRaaS) as services that offer business continuity by enabling data backup, recovery, and retrieval. It is ‘the process of replicating virtual servers to protect and back up data in the case of man-made or natural disasters’.

For more information about the report click here.