Frost Radar in the Disaster Recovery-as-a-Service Industry - Global

Information Technology Frost Radar in the Disaster Recovery-as-a-Service Industry - Global


RELEASE DATE
07-Nov-2019
REGION
North America
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
K40B-01-00-00-00
SKU
IT03955-NA-SF_23734
Yes
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Frost Radar in the Disaster Recovery-as-a-Service Industry - Global
Published on: 07-Nov-2019 | SKU: IT03955-NA-SF_23734

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Today’s hypercompetitive business environment requires not only maintaining the highest levels of system availability, but capitalizing on unique differentiators like data. For most businesses, data—whether customer, research-driven, or market-based—is a concrete asset that is being leveraged in new and different ways, in activities such as product development and marketing. Businesses are also storing more data than ever before, whether for revenue-generating activities, or as a result of activities like backup.

At the same time, regulations surrounding data, from the European GDPR to US-based HIPAA regulation and HITRUST certification, require data to be handled with extreme care. When companies lose data, it costs approximately $150 per record lost, with the average data breach costing businesses $3.9 million.

As a result, businesses are placing greater importance on data backup and recovery. Of businesses surveyed by Frost & Sullivan in 2019:
·     Disaster Recovery-as-a-Service (DRaaS) is currently used by 45% of businesses globally to protect critical data
·     An additional 34% anticipate adopting it by 2021
·     81% of companies cite their move to cloud as helping them to better manage their data
·     79% expect to improve their disaster recovery capabilities

These statistics highlight a key shift that is currently taking place in the market. Some forward-thinking companies are taking a new approach to overall data management, bringing to market services that integrate numerous services—from backup to disaster recovery, to general storage and analytics—under a single, management platform. This enables their customers to focus on a core asset—their data—rather than on individual tasks like storage, or backup, or disaster recovery.

This shift has implications for the DRaaS market. As more customers seek greater assistance with data management, they seek providers that can offer a comprehensive solution. Thus, DRaaS may become one component of a larger, converged solution that includes storage and storage management—including backup scheduling, replication management, file restoration orchestration, should it become necessary, as well as the security and compliance of data.

The Global DRaaS competitive landscape is highly fragmented with more than 100 providers offering either self-service or assisted products that vie for customer attention and investment.

Industry Overview

Industry Overview (continued)

Industry Overview – Adoption by Region

The Frost RADAR®

Frost Radar—Analysis

Frost Radar—Analysis (continued)

Acronis

BiosME

Bluelock Solutions by Intervision

Carbonite

Expedient

Flexential

iLand

Microsoft

Recovery Point

TierPoint

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar - 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar - 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar – Companies to {Action}

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Today’s hypercompetitive business environment requires not only maintaining the highest levels of system availability, but capitalizing on unique differentiators like data. For most businesses, data—whether customer, research-driven, or market-based—is a concrete asset that is being leveraged in new and different ways, in activities such as product development and marketing. Businesses are also storing more data than ever before, whether for revenue-generating activities, or as a result of activities like backup. At the same time, regulations surrounding data, from the European GDPR to US-based HIPAA regulation and HITRUST certification, require data to be handled with extreme care. When companies lose data, it costs approximately $150 per record lost, with the average data breach costing businesses $3.9 million. As a result, businesses are placing greater importance on data backup and recovery. Of businesses surveyed by Frost & Sullivan in 2019: · Disaster Recovery-as-a-Service (DRaaS) is currently used by 45% of businesses globally to protect critical data · An additional 34% anticipate adopting it by 2021 · 81% of companies cite their move to cloud as helping them to better manage their data · 79% expect to improve their disaster recovery capabilities These statistics highlight a key shift that is currently taking place in the market. Some forward-thinking companies are taking a new approach to overall data management, bringing to market services that integrate numerous services—from backup to disaster recovery, to general storage and analytics—under a single, management platform. This enables their customers to focus on a core asset—their data—rather than on individual tasks like storage, or backup, or disaster recovery. This shift has implications for the DRaaS market. As more customers seek greater assistance with data management, they seek providers that can offer a comprehensive solution. Thus, DRaaS may become one component of a larger, converged solution that includes storage and storage management—including backup scheduling, replication management, file restoration orchestration, should it become necessary, as well as the security and compliance of data. The Global DRaaS competitive landscape is highly fragmented with more than 100 providers offering either self-service or assisted products that vie for customer attention and investment.
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Karyn Price
Industries Information Technology
WIP Number K40B-01-00-00-00
Is Prebook No
GPS Codes 99E4-C1,9455