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Report claims that the recovery-as-a-service market will be worth $5.7 billion by 2018

A new report from MarketsandMarkets has looked at the recovery-as-a-service market, predicting strong growth from $640.8 million in 2013 to $5.7 billion by 2018.

Entitled ‘Recovery-as-a-Service (RaaS) Market {Disaster Recovery as a Service (DRaaS); Cloud based DR} and Business Continuity - Worldwide Forecasts and Analysis (2013 - 2018)’ the report identifies drivers and restraints for the RaaS market, with insights on trends, opportunities and challenges.

The major forces driving the market are factors such as low cost, high level of automation, dynamism, 24*7 support, secure storage and backup, location independence, virtualization, easy deployability, recovery, management and control, along with high utility based business continuity.

The report also profiles major market players in the cloud based disaster recovery space, which includes VMware, EVault, Geminare, NTT America, Windstream Communications, CA technologies, Microsoft, IBM, Carpathia Hosting, CommVault, HP, Doyenz, FusionStorm, Rackspace, Amazon web services, nScaled, SunGard, Datto, OpSource and Zerto amongst others.

The report costs $4650 for a single user license. More details.

•Date: 13th March 2013 • World •Type: Article • Topic: BC markets

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