The global Disaster Recovery as a Service (DRaaS) market continues to move faster than a speeding bullet. According to Big Market Research, from this year into 2019, the market is expected to grow at a CAGR of 53.35%, making it one of the fastest growing segments in the cloud-based recovery model.
This level of astronomical growth is not a great surprise if you think about how much of a struggle it’s been for businesses to implement and test on-site DR plans. They’ve tried to manage DR on their own, and in many instances, they’ve failed.
In fact, according to the Disaster Recovery Preparedness Council, three out of the four companies they surveyed are failing to prepare for disaster recovery of their IT systems.
The ones that have a plan in place haven’t been testing regularly, with just a third of respondents testing their plans once or twice a year, and a quarter of respondents never testing their DR plans.
That’s why DRaaS is such an attractive option for IT decision-makers. DRaaS provides an offsite support system to helps businesses run disaster recovery planning and testing in a controlled, dedicated environment. With the help of a third-party cloud service provider, DR operations can also take place outside of the on-premises bubble – removing the need for additional hardware and infrastructure expenditures.
Here are four critical advantages DRaaS is bringing to businesses:
- You don’t need physical site-to-site replication. Instead, data can fail over to a cloud environment that has the horsepower to run regular backup and redundancy tasks. And all of these jobs are automated.
- You can offload DR management burden off of your staff. With 24×7 access and control, the operational functions of maintaining a DR environment are much easier in the cloud than an onsite data center. Staff members can lean on DR experts to handle day-to-day management tasks, and they can concentrate on more strategic agendas.
- You can reinvest in your business. From a financial standpoint, DRaaS converts a heavy CapEx investment into manageable OpEx. Organizations can take the cost savings they’ve realized and invest in innovation and growth efforts.
- You can better protect your business. Running DR through a cloud vendor means more proactive monitoring and anticipation of threats. In the event of a disaster – natural or otherwise – businesses don’t have to go into scramble mode.
These benefits are merely scratching the surface of DRaaS. Find out how downtime can lead to serious costs in our ebook!