A Close Look at Leaders in Rapidly Growing DRaaS Market

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DRaaS offers business continuity by enabling data backup, recovery and retrieval. It is the process of replicating virtual servers to protect and back up data. 

IT acronyms that can be pronounced as words and used in complete sentences are the most fun kind. SaaS or SAS (“Beyonce shows a lot of SaaS”) and PaaS (“That Tom Brady throws quite a PaaS”) are two examples.

Ready or not, the IT industry has added DRaaS (“Don’t do anything DRaaS-tic”) to the mix. This stands for disaster recovery as a service, and it’s becoming a big seller very quickly because DR is a pain to set up, test and maintain on premises. DR in the cloud is good a way for a business to be well covered and not have to think about it. 

The upside to this sub-sector of IT is a healthy one; the estimated size of the global market is expected to balloon to $6 billion to $12 billion by 2020. MarketsandMarkets is projecting a $12 billion DRaaS market by 2020, and that’s a far cry from the $1.4 billion worth of DRaaS sold in 2015.

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