Tuesday 14 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Disaster Recovery Services Market: CA Technologies Inc., Hewlett-Packard (HP) Corp., IBM Corp., SunGard Data Systems Inc. and Verizon Communications Inc.
Other Prominent Vendors in the market are: Acxiom Corporation, Amazon Web Services, Axcient, CenturyLink, Equinix and GMO Internet.
The report said: “The emergence of virtualization technology in disaster recovery services is one of the key upcoming trends in this market. With the rapid increase in the number of off-site workers and sales people working from their laptops the need for disaster recovery services is rising. Virtualization of storage devices will enhance the Global Disaster Recovery Services market for various reasons, which results in a decrease in the amount of hardware needed for disaster recovery services, thereby reducing the physical space utilization.”
According to the report, the increase in natural disasters is one of the major factors driving the market. According to a World Bank report of April 2014, more than 160 countries have a quarter of their population living in areas of high mortality risk, inferring that any calamity in such areas could result in many casualties. Apart from lives, businesses can also be significantly affected by the loss of data. Hence, there is growing demand for disaster recovery services and solutions.
Further, the report states that one of the major challenges in the market is the high cost of deployment of disaster recovery infrastructure. Organizations need to spend an enormous amount of money to have a foolproof recovery strategy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.