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Increase in Adoption of the Hybrid Cloud by SMEs Fuelling Growth in the Global Disaster Recovery Services Market

Reportstack has announced a new market research report on the Global Disaster Recovery Services Market 2015-2019.   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. The Global Disaster Recovery Services market is expected to grow at a CAGR of 12.47 percent during the period 2014-2019.

The Global Disaster Recovery Services market has shown rapid growth in recent years because of an increasing need to improve overall data security and protect data from calamities for continuous and seamless business operation. The adoption of cloud computing for disaster recovery has helped the market to grow. Disaster recovery services play a vital role in today's businesses, since they are highly dependent on and steered by the IT environment. This helps in gathering and storing all the data relevant to the company. Thus, it creates a necessity for IT-dependent industries to keep pace with advances in disaster recovery technology.

“With the increase in adoption of the hybrid cloud, SMEs have found various benefits to protect them from certain disasters,”.

“The adoption of hybrid cloud disaster recovery by businesses will eliminate the need for a secondary disaster recovery site. Moreover, the hybrid cloud will also reduce expenses and the complexities of managing and maintaining a system.”

To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

To view the table of contents and know more details please visit Global Disaster Recovery Services Market 2015-2019.