Poor SMB Planning Holds Cloud DR Back

Cloud might grow faster as a disaster-recovery option if not for two things: a lack of planning among SMBs and platform-dependent, cloud-based apps. These challenges could seriously hamper the adoption rate of cloud DR by a large number of SMBs across a wide range of verticals.

That’s the conclusion made by MarketsandMarkets in a new study.

Considering those potential setbacks, it’s staggering to learn that the disaster-recovery-as-a-service (DRaaS) market will grow from a little more than $1.4 billion this year to almost $12 billion in 2020 – according to MarketsandMarkets’ forecast. That’s a compound annual growth rate (CAGR) of nearly 53 percent over that five-year span.

By region, North America is expected to be the largest DRaaS market, while Latin America, Asia Pacific, and the Middle East and Africa (MEA) are expect to grow quickly.

Companies that enable data backup, recovery and retrieval through this method have an opportunity to not only save their data, but also a significant amount of money that could be lost through downtime and other potential operating costs that result (think lost customers).

Follow senior online managing editor Craig Galbraith on Twitter.