Over the last few years, the media and entertainment vertical has witnessed huge amounts of big data generation and rising adoption of digitization. For instance, in the case of 3D videos, in particular, the required storage and backup can be huge, along with the need for data protection. Moreover, digital media plays a key role in sports for recording and creating a catalog for every play, which can again lead to time-consuming backup. Moreover, as digital media may require older data in the future, traditional backup is not feasible for maintaining longer periods of backup, as they may become corrupted or lost. These factors are leading to increasing demand for DR services owing to their benefits of unlimited storage, speed backup, data availability, and improved data protection. The global DRaaS market for the media and entertainment industry is witnessing growth across all regions due to the increase in adoption of digital channels that allows customers to keep moving across various channels, such as mobile, TV, and tablet. This provides media and entertainment companies an opportunity to track customers and ensure recovery of vital data on the secondary site. The media and entertainment industry delivers content on the web, resulting in huge traffic of customers and partners. Such content depends completely upon the performance of the infrastructure on which it is being run. DRaaS frees up IT resources and enables enterprises to focus on developing and marketing new products and services. DR services enable the media and entertainment industry to store all crucial data and access the same at any point of time in the future. Given the huge quantity of data being generated in the media and entertainment industry on a daily basis, there is a need for DRaaS to keep the data safe and secure.
Frequently Asked Questions
What is the expected CAGR for the Disaster Recovery as a Service market?The Disaster Recovery as a Service (DRaaS) market size is projected to grow at a Compound Annual Growth Rate (CAGR) of 41.8% during the forecast period (2017–2022).
What are the major growth drivers in the DRaaS market?Some of the major factors expected to drive growth in the DRaaS market include rising preference for custom tailored services, advancement of cloud computing into specialized clouds, and growing awareness among enterprises about loss due to IT outages. With an increasing adoption rate of cloud-based solutions among Small and Medium-sized Enterprises (SMEs), the Disaster Recovery as a Service (DRaaS) market is expected to grow rapidly.
How is the DRaaS market segmented?The DRaaS market has been segmented into real-time replication, backup and recovery, data protection, and professional services. Real-time replication can be defined as the duplication of a database from one computer or server to another, enabling end-users to avoid data ambiguity. Backup and recovery enables enterprises to back up and restore their business-critical data for avoiding data loss in the event of man-made or natural disasters. Data protection safeguards an enterprise’s data, keeping in mind the regulatory compliances needed for specific businesses and verticals. Professional services provide enterprises with the technical expertise required for storing and managing applications and data, overcoming complex problems, and managing operational challenges. Organizations are deploying DR services to overcome the loopholes in traditional DR systems. Moreover, low maintenance requirements and cost-effectiveness of DR services are the other benefits driving the growth of the DRaaS market.
What are the benefits of having a Disaster Recovery as a Service over traditional Disaster Recovery solution?DRaaS delivers quicker automated and more dependable recovery operation than traditional DR approaches, it leverages data replication technologies, as well as automated and orchestrated recovery. DRaaS combines infrastructure, platform and software as a service and hence organizations dont bear additional costs to invest in infrastructure. It also minimizes the administrative burden placed on IT and allows businesses to assign team members to handle more productive tasks.