Asia-Pacific Market for Disaster Recovery Services to Reach $2.1 Billion by 2023

September 24, 2018

WELLESLEY, Mass., September 24, 2018 – Due to greater access to multiple datacenters, flexible accessibility, absolute compliance between local and global networks, and reserve capacity for data recovery, the Asia-Pacific Disaster Recovery as a Service (APAC DRaaS) market has reached new heights, according to a recent report from BCC Research.

In 2017, the Asia-Pacific DRaaS market was worth $323.0 million. BCC Research estimates that it will reach a value of $2.1 billion by 2023, indicating a compound annual growth rate (CAGR) of 38.4%, according to Disaster Recovery as a Service (DRaaS): Asia-Pacific Markets.

Disaster Recovery-as-a-Service (DRaaS) is an integrated platform that promotes recovery services for various organizations during IT outages or when any virtual environment is required to recover lost data and ongoing business operations remotely. It can work in hybrid environments that utilize the private cloud and the public cloud.

Research Highlights

• The growth of the APAC DRaaS market is driven by the increase in digitalization and IT spending in emerging countries along with the surge in demand for DRaaS among SMEs.
• The recovery of highly encrypted data is the main challenge for the service providers in the market.
• Key APAC market participants include Amazon Web Services Inc., Microsoft Corp., IBM Corp., VMware Inc., Sungard Availability Services, Veeam Software and Iland. 

“The Asia-Pacific (APAC) market for DRaaS is primarily driven by small and medium enterprises, as they prefer the low-cost cloud deployment model to protect and back up their business operations,” the report noted. “Motivated by the need for reduced recovery time during business disruption, there has been an increase in the adoption of disaster recovery services among user groups.”

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Disaster Recovery as a Service (DRaaS): Asia-Pacific Markets( IFT165A )
Publish Date: Jul 2018    

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