TechNavio’s analysts forecast that the Global Disaster Recovery Services Market 2010-2014 will reach $22.6 billion in 2014. One of the key factors contributing to this market growth is the need for better data security. The Disaster Recovery Services Market has also been witnessing cloud based disaster recovery. However the complexity of deployment could be a challenge to the growth of this market.
Key vendors dominating this market space include Hewlett Packard Company, International Business Machines Corporation, SunGard Data Systems Inc. and Verizon Business.
TechNavio’s Global Disaster Recovery Services Market 2010-2014 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on Americas, EMEA and APAC and covers the Disaster Recovery Services Market and its outlook in the coming years.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
Report HighlightsDecreasing Costs are Encouraging Data Center Outsourcing
Research conducted by Technavio reveals, that the global data center outsourcing market is expected to grow at a CAGR of 11.6 percent. The report, which focuses on Americas, EMEA and APAC indicates, that the market is currently driven by decreasing data center outsourcing costs.
“Data center market has been growing exponentially in the recent years. With the increase in demand, the market has witnessed a large number of vendors providing data center outsourcing solutions. As a result, the market is witnessing high degree of price competition resulting in decreased data center outsourcing costs,” reports Technavio analyst.
In spite of the need, data privacy and security concerns hinder the growth of this market. However, the rapid evolution of data center technology is expected to drive the growth of the market.
The global data center outsourcing market is marked by increasing demand for colocation services. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, Global Data Center Outsourcing Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.
Companies mentioned in this report include HP, IBM, Cisco, and Dell.
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