{"id":1055,"date":"2016-04-26T03:28:32","date_gmt":"2016-04-26T07:28:32","guid":{"rendered":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/?p=1055"},"modified":"2016-10-20T10:10:20","modified_gmt":"2016-10-20T14:10:20","slug":"report-cloud-disaster-recovery-worth-12b-by-2020","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/","title":{"rendered":"Report: Cloud Disaster Recovery Worth $12B by 2020"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1518\" src=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL.jpg\" alt=\"Service Bell\" width=\"800\" height=\"350\" srcset=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL.jpg 800w, https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL-300x131.jpg 300w, https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL-768x336.jpg 768w, https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL-600x263.jpg 600w, https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL-180x79.jpg 180w, https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL-400x175.jpg 400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000\">According to a recent industry research study, the Disaster Recovery as a Service (DRaaS) market is set for a financial explosion. The market study, published by\u00a0<a style=\"color: #000000\" href=\"https:\/\/www.marketsandmarkets.com\/\" target=\"_blank\">MarketsandMarkets<\/a> entitled &#8220;<em>Disaster Recovery as a Service Market by Solution, by Service Provider &#8211; Global Forecast to 2020&#8243;\u00a0<\/em>predicts that Disaster Recovery as a Service solutions will generate more than $12 billion dollars by the year 2020. The cloud Disaster Recovery industry is currently worth an estimated\u00a0<\/span>$1.42 billion, and MarketsandMarkets believes that number will balloon to $11.92 billion in just five years, a compounded annual growth rate of 52.9 percent.<\/p>\n<p style=\"text-align: justify\">The report defines the DRaaS market and divides it into various subgroups with analysis and estimation of industry metrics. In addition, the trends, opportunities, and challenges of the market are revealed. MarketsandMarkets has produced a broadly segmented DRaaS market by solution, industry, and region. The firm believes that the lack of Disaster Recovery planning among SMBs and platform dependent cloud-based applications are constraints when entering the DRaaS market. Industry aside, those challenges speak to the potential hampering of adoption and deployment of DRaaS solutions.<\/p>\n<p style=\"text-align: justify\">The firm believes that the lack of Disaster Recovery planning among SMBs and platform dependent cloud-based applications are constraints when entering the DRaaS market. Industry aside, those challenges speak to the potential hampering of adoption and deployment of DRaaS solutions. This prediction may seem outlandish given how few organizations currently employ adequate recovery tools to deal with downtime. However, Gartner released their first ever Magic Quadrant for Disaster Recovery as a Service last April, signaling that the technology research giant believes this to be a viable enterprise market worth dedicating resources into. Gartner believes that by 2018, more organizations will employ cloud recovery tools than traditional offerings.<\/p>\n<p style=\"text-align: justify\">In order for this prediction to come true, we&#8217;re going to have to witness more widespread adoption of recovery tools. Though if this recent <a href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/yikes-36-percent-dont-use-backup-study-finds\/\" target=\"_blank\">Cloudberry Lab study<\/a> is any indication, there are going to be a whole slew of businesses that will need to be recovered due to their lackluster deployment of backup.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/recovery-as-a-service-market-962.html\" target=\"_blank\">Click here to read the MarketsandMarkets study.<\/a><\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"speedbump-3\" href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/data-protection-vendor-map\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" title=\"Data Protection Vendor Map\" src=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2020\/02\/DP_VM_SB_800.jpg\" alt=\"Download Link to Data Protection Vendor Map\" width=\"800\" height=\"100\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a recent industry research study, the Disaster Recovery as a Service (DRaaS) market is set for a financial explosion. The market study, published by\u00a0MarketsandMarkets entitled &#8220;Disaster Recovery as a Service Market by Solution, by Service Provider &#8211; Global Forecast to 2020&#8243;\u00a0predicts that Disaster Recovery as a Service solutions will generate more than $12 [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":1518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[122,77,123],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Report: Cloud Disaster Recovery Worth $12B by 2020<\/title>\n<meta name=\"description\" content=\"According to MarketsandMarkets, cloud-based Disaster Recovery is due for a financial explosion in the years ahead.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim King\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/\",\"url\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/\",\"name\":\"Report: Cloud Disaster Recovery Worth $12B by 2020\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL.jpg\",\"datePublished\":\"2016-04-26T07:28:32+00:00\",\"dateModified\":\"2016-10-20T14:10:20+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/#\/schema\/person\/154e152a275103e373e24ada7f2feb5c\"},\"description\":\"According to MarketsandMarkets, cloud-based Disaster Recovery is due for a financial explosion in the years ahead.\",\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2015\/06\/oie_26212536gw3GILoL.jpg\",\"width\":800,\"height\":350},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/report-cloud-disaster-recovery-worth-12b-by-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Report: Cloud Disaster Recovery Worth $12B by 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/#website\",\"url\":\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/\",\"name\":\"Best Backup and Disaster Recovery Tools, Software, Solutions &amp; 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