Research and Markets: Expect Global DR Services Sector to GrowResearch and Markets: Expect Global DR Services Sector to Grow
What should managed service providers (MSPs) expect from the data backup and disaster recovery (BDR) services market over the next few years? Research and Markets is predicting this sector will grow between 2014 and 2019, which could create new revenue opportunities for MSPs worldwide.
January 15, 2015
What should managed service providers (MSPs) expect from the data backup and disaster recovery (BDR) services market over the next few years?
Research and Markets is predicting this sector will expand at a 12.47 percent compound annual growth rate (CAGR) between 2014 and 2019, which could create new revenue opportunities for MSPs worldwide.
The research firm pointed out that MSPs can offer DR services such as data backup, recovery and retrieval.
And as data protection becomes increasingly important to businesses, MSPs can help customers maintain critical data during natural calamities or sudden system failures, Research and Markets added.
Disaster recovery-as-a-service (DRaaS), which provides businesses with a variety of tools that they can use to recover and replicate critical servers and data center infrastructure to a cloud environment during disasters, could prove to be a viable option for MSPs and their customers too.
Transparency Market Research recently noted that several factors are driving DR services market growth, including:
Availability of 24×7 support
High level of automation
These factors also are affecting the DRaaS market, Transparency Market Research said, and DRaaS “is becoming [a] widely attractive solution among enterprises” because it enables MSPs to leverage a pay-as-you-go pricing model that can help them lower their operating costs and better support their customers.
“Implementation of DRaaS with a virtualized cloud platform can be automated easily while minimizing the recovery time after a failure. The only challenge for the cloud service customers would be the choice of service provider along with the process of consulting, negotiating and implementing suitable service-level agreements,” Transparency Market Research said in a prepared statement.
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