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Trends Dominating Disaster Recovery Industry In 2017

Trends Dominating Disaster Recovery Industry In 2017

More than any other time in the past, today, digital information occupies a very central part in any business, and has become one of the 21st century business’ most valuable assets. For this reason, businesses can no longer stay on the sidelines and watch as their data wiped out when a disaster strikes.

Every effort must be made to ensure digital information is secure regardless of the magnitude of the disaster that hits the business organization. Businesses across various industries have invested quite heavily in Big Data solutions that ensure their digital information is accurate, uncorrupted and up to date.

Preference given to DRaaS vendors

The emergence of Disaster Recovery as a Service has made it possible for businesses to use redundancy protocols to replicate their physical and virtual servers via the cloud as a way of mitigating possible data losses. Given how complex, expensive and time-consuming it is to develop a disaster recovery strategy from scratch, many companies, especially small and mid-sized businesses choose available solutions in the DRaaS niche.

Emergence of active protection and assurance technologies

The relatively sudden boom in business for disaster recovery service providers has come with its own set of challenges. As a way of dealing with these challenges, that include meeting client expectations and demands, these vendors are increasingly using active protection and assurance tech.

This tech consists of automated data restorative capabilities meant to keep away cyber-attacks. And as industrial virtualization and automation becomes commonplace, the need for disaster recovery as a service becomes all the more necessary.

Disaster recovery is influencing application development

Today’s application development has moved to the cloud. Regardless of the types of Custom Application Development services that a business executive wants for his business environment, chances are he will want a cloud-based solution.

In turn, the entrepreneur has to consider the disaster recovery protocols he has in place and the impact that custom application development will have on them. Custom applications and SaaS solutions that stand the test of time must be seamlessly connected to the business continuity procedures and protocols and tested for robustness, flexibility and agility.

DRaaS flexibility and cost effectiveness driving growth

DRaaS solutions offer companies increased flexibility and cost effectiveness in business continuity and recovery. The managed services growth has been experiencing exponential growth in the last few years. Industry observers expect this trend to continue into the foreseeable future. As more enterprises embrace managed services, disaster recovery will become even more popular.

Western Europe and North America are dominating the DRaaS market

Today, disaster recovery as a service is extremely popular in North America as well as Western Europe. Experts from BytePlant that specialize in backup, email security, email validation and verification solutions note considerable increase of interest from Western & Eastern Europe companies and business for back-up and security solutions. Many DRaaS providers have emerged in the North American region, particularly the United States which continues to be an early adopter of these kinds of technologies. Asia Pacific is presently recording notable growth in this sector and industry watchers expect the trend to continue into the near future. In the next few years, the disaster as a service market in Latin America and Eastern Europe is expected to start showing signs of noteworthy growth.

Increasing cyber-attacks a notable growth driver

There have been so many cyber-attacks just within the first half of 2017 that you would be forgiven if you have already forgotten most of the major ones that hit the headlines at the very beginning of the year. What’s more, the cyber-attacks were varied in nature, including state-sponsored ransom ware, leaked intelligence agencies cyber-attack tools and the regular kind. Some of the biggest that shook the cyber space and made business leaders rethink their disaster recovery strategies include:

     Shadow Brokers use of NSA-linked cyber-attack tools

     WannaCry ransomware that targeted Microsoft Windows users

     Petya malware thought to have been designed to disrupt Ukrainian infrastructure

     Wikileaks CIA Vault 7

     Cloudbleed, a Cloudflare platform bug

     Macron (now French President) Campaign Hack

These are just some of the biggest hacks that sent shockwaves around the globe. Companies without proper disaster recovery strategies in place are hit the worst when such attacks successfully occur. This is why many business executives are going for Disaster Recovery as a Service as one of the many defense mechanisms they are putting in place to avoid a successful security breach.

Blockchain Technology for Business Continuity & Disaster Recovery

The most attention to blockchain technology is focused on cryptocurrency, but blockchain is something more than just Bitcoin or Ethereum. Blockchain is a decentralized peer-to-peer network, which is fraud tolerant, secure and always available. A lot of experts think that blockchain technology will lead to an innovations in financial, education, healthcare other industries. So which benefits blockchain gives to a business:

  • Disaster will not affect the work of the network because every node has a copy of the Blockchain ledger. Find out more how blockchain technology works.
  • 100% availability of network can give business the same benefits as database redundancy and disaster recovery center but with more easy to implement technologies.
  • High-level cryptography makes blockchain network secure and reliable.

Multinationals continue their dominance in the DRaaS market

Multinationals like Microsoft Corporation, Amazon Web Services and IBM Corporation continue their dominance in this market. Others include Vmware Inc. and Cisco Systems. What’s more, these multinationals have set in motion clear organic and inorganic strategies aimed at strengthening their positions in the DRaaS market.

A good example of this is IBM’s decision late last year to acquire Sanovi Technologies Corp. The company made this acquisition as part of its plan to expand its DR services for the hybrid cloud. This comes two years after Microsoft’s acquisition of InMage Systems Inc. with the intention to provide disaster recovery services alongside Azure, its cloud computing platform designed for enterprises.

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