Information and data is generated from various departments of organization; disaster recovery solutions system provides protection for such crucial data from disaster incidents. These solutions assure uninterrupted business functioning in an occurrence of any serious incidents or disasters. Disaster recovery solutions provide a systematic method to carry out business operations efficiently, also helps to avoid data loss and helps to maintain smooth operation of any organization.
North America is considered to be a major market owing to the extensive use of cloud-based technologies in various business operations across several industries in this region.
Global disaster recovery solutions market has been segmented into recovery, real-time replication, and data protection on the basis of service type. The data protection segment in the disaster recovery market is anticipated to hold largest market in terms of revenue throughout the forecast period. This is owing to increasing demand for secure IT infrastructure solutions to protect data or information from any disaster situations.
The global disaster recovery solutions market has been segmented into banking, financial services, and insurance (BFSI), healthcare, government, IT and telecom, and others on the basis of vertical. The IT and telecom vertical is anticipated to grow at highest CAGR during the forecast period. However, the BFSI vertical is anticipated to contribute major market share in terms of revenue in next five years.
The global disaster recovery solutions market report has been segmented on the basis of service type, organization size, vertical, and region. On the basis of region, the global disaster recovery solutions market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America is considered to be a major market owing to the extensive use of cloud-based technologies in various business operations across several industries in this region. In addition, rising awareness about cloud-based backup and recovery benefits among end use industries is another factor propelling growth of the global disaster recovery solutions market.
Key players operational in the global market include IBM, Microsoft, Sungard Availability Services, iland, Infrascale Inc., Bluelock, Recovery Point, Amazon Web Services (AWS), Acronis International GmbH, and TierPoint, LLC.