| North American business continuity and disaster recovery services market tipped to reach $23 billion by 2012
"The North American business continuity and disaster recovery services market is expected to command an increasing share of overall enterprise spending on telecommunications services over the next several years," notes Frost & Sullivan Program Manager Imran Khan. "The need to minimize financial repercussions associated with network outages and applications downtimes are driving an increasing number of small, medium and large enterprises to pro-actively plan for business continuity services." This apart, some of the other important trends facilitating adoption of business continuity and disaster recovery services include changing regulatory compliance requirements that are forcing business process changes across various enterprises verticals, increasing implementation of Web-based applications and services and the resulting threat of viruses/worms and distributed denial of service attacks (DDoS) and the continuing threat of natural and man-made disasters. However, the report says, while the market for business continuity and disaster recovery services offers revenue growth opportunities to telecom services providers, these operators must address or overcome several challenges in order to capitalize on the market potential. These include the relative lack of understanding/awareness of business continuity and disaster recovery solutions, limited enterprise IT and telecom budgets as well as the high capital and operating expenses associated with developing a wider array of business continuity solutions. From an enterprise customers' perspective, the need for effective business continuity and disaster recovery programs must also be balanced against the cost of implementing such programs. Although the cost of technology, such as computing platforms, desktop devices, servers, storage hardware and software, and so on, in general, has seen a continuing decline over the past decade, the relatively higher cost of managing in-house telecom and IT systems keeps a large number of enterprises from deploying organization-wide business continuity and disaster recovery programs that include remote offices and employees. It is due to this reason that enterprises have focused on network security and storage as the primary, if not the only, elements of their business continuity and disaster recovery programs. Report title: North American Business Continuity and Disaster Recovery Markets F817-63
•Date: 17th April 2007 • Region: US •Type: Article •Topic: BC markets
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