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December 23, 2013

Report: Disaster Recovery Services Market to Reach $5.7B by 2018

While disaster recovery and business continuity has been around since the late 2000s, the buzz amongst organizations concerning its importance is just a few years old. With major storms like Hurricane Sandy and a slew of high profile network outages causing enormous amounts of data loss and downtime, businesses have finally realized that playing Russian roulette with Mother Nature is not an option.

In fact, companies are increasingly turning to managed service providers, or third-party vendors, to help develop and implement a disaster recovery plan. According to a recent report from MarketsandMarkets, the global DRaaS and business continuity market is estimated to grow from $640.8 million in 2013 to $5.77 billion by 2018, representing a compounded annual growth rate (CAGR) of 55.2 percent from 2013 to 2018. 

So what are the major factors driving this incredible growth? According to the report, low cost, high level of automation, dynamism, 24/7 support, secure storage and backup, location independence, virtualization, recovery, management and control are all contributors.

Before choosing a managed service provider to help with your disaster recovery needs, it’s important to remember that not all vendors are created equal. You need a vendor that can meet your unique needs. Apex Technology Services offers a variety of comprehensive online backup solutions that can be tailored to meet your specific needs. We offer a range of secure solutions to backup directly to the cloud or an on-site hybrid backup system that keeps a copy of your most critical data in the cloud and locally for faster restoration.

To learn more about our online backup support, click here.

Edited by Justin Reynolds

Apex Technology Services
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