In today's world of 24x7 business requirements, few companies can afford downtime, yet most are not allocating additional funds to prevent it. Traditional models for recovery are proving too expensive, too time-consuming, and unable to meet more aggressive recovery objectives.
The past few years have seen significant growth and adoption of DRaaS across all segments, as I&O professionals are looking for ways to improve their recovery objectives without increasing spend. In this time, traditional DR service providers, cloud service providers, telcos, and pure-play providers have brought new DRaaS solutions to market.
As traditional approaches to DR become outdated and less effective, DRaaS providers with tunable resiliency levels, broad platform support, and favorable contract terms and pricing will lead the pack. Since this market is new and immature, vendors that can demonstrate proven scale, success, and expertise are also very appealing to potential buyers.