New research shows the global disaster-recovery-as-a-service market growing at a 54.64 percent CAGR.

Global disaster-recovery-as-a-service market grows

Stephen Perkins

The need for flexible, cloud-based data recovery services is helping drive the global disaster-recovery-as-a-service market, according to new research.

TechNavio's analysis found that the DRaaS market will increase at a compound annual growth rate of 54.64 percent between 2014 and 2018. The global market has been experiencing a sharp uptick in demand as small- and medium-sized businesses seek hybrid disaster recovery solutions that combine data backup through off-site storage with a local, on-premises copy of mission-critical files.

According to the report, the dependence on cloud computing is leading to the lack of proper checks on data backup, which could become a substantial barrier to further growth in the market. However, vendors that offer comprehensive solutions that include services such as continuous data protection can help ensure backup methods are operating at full capacity by delivering both recovery point objective and recovery time objectives. It's also important for SMBs that use online backups to test strategies they currently have in place.

"To give your organization the best shot at success during a disaster, you need to put a current, tested plan in the hands of all personnel responsible for carrying out any part of that plan," noted Computerworld contributors Kim Lindros and Ed Tittel.

Another recent study conducted by anti-virus solutions provider AVG Technologies, found that 37 percent of SMB owners spent more time organizing their desks and ordering business cards rather than prioritizing tasks for backing up data.

By participating in drills in conjunction with vendors, SMBs can engage in disaster simulation testing to help expose weaknesses that must be corrected. The purpose of such simulations will provide SMBs and vendors with insight on how a particular organization can carry out critical business functions in the event of a disaster, which also ensures that proper checks are in place for online backups.

All data recovery plans must be formed in a top-down fashion. Senior management should always be included when creating or updating strategies, especially since these decision makers can help increase employee awareness throughout the company as to what the plan is when disaster strikes.

Categories: Cloud Backup, Data Protection, Disaster Recovery, Online Backup, Server Backup