Global Disaster Recovery as a Service (DRaaS) Market is estimated to Global Disaster Recovery as a Service

Global Disaster Recovery as a Service (DRaaS) Market is estimated to
reach $19 billion by 2024 Says Variant Market Research
Global Disaster Recovery as a Service (DRaaS) Market is estimated to reach $19 billion by 2024;
growing at a CAGR of 34.7% from 2016 to 2024. DRaaS is the replication of physical or virtual
servers by a third-party to provide failover in the occurrence of a data failure either manually or
naturally. Data has become one of the major concerns for business organizations. DRaaS
protects resources and data from disruption and offer total system backup during system failure
either manually or naturally. DRaaS has gained popularity across various industries such as retail,
government, BFSI, IT and telecom, media and entertainment, and education, among others.
Automation in industrial sector and government sector show an increasing disaster recovery as a
service market trends.
Browse
Complete
Report
@
https://www.variantmarketresearch.com/report-
categories/information-and-communication-technology-ict/disaster-recovery-as-a-
service-market
Rise in adoption of cloud based services is the major driving factor of the disaster recovery as a
service market. Moreover, rise in preference for commoditized IT services and legislation of
stringent disaster recovery regulations globally have also supplemented the growth of the market.
However, high network bandwidth requirements and lack of compliance and security may hamper