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Business Continuity/Disaster Data Recovery Market to Reach $39 Billion by 2015

May 19, 2010 Posted by: Corey Recvlohe market analysis No Comments

Today we’d like to point you in the direction of tech intelligence firm ABIresearch. Currently the BC/DR market is sustaining $25 billion in economic activity, and is set to experience a CAGR of 10% as we move forward into 2015. Points to keep in mind: federal mandates require financial services and health-care industries to have business continuity and disaster recovery programs; vendors need to minimize complexity, provide broadest possible response. Have a look:

ABIresearch – Business Continuity/Disaster Data Recovery Market

… To compensate for the unexpected and account for the unpreventable, prudent organizations utilize business continuity products and services plans to keep their enterprises up and running in emergencies, and implement disaster recovery plans and programs against the possibility that a computer, server, office or entire building becomes unusable as a result of a catastrophe.

ABI Research forecasts that the global market for business continuity and disaster data recovery solutions will grow from $24.3 billion in 2009 to exceed $39 billion in 2015.

“As a result of their growing reliance on electronic data and the need for backup, storage and security, industries such as financial services and healthcare now operate under federal mandates requiring them to have disaster recovery and business continuity programs in place,” says ABI Research director Larry Fisher, “In many other industries, such programs are not legally required, but savvy companies always prepare for the worst.”

Fisher notes that business continuity and disaster recovery technologies are becoming less expensive and easier to use, in part because they are being integrated into larger IT systems, and also because they’re increasingly taking advantage of aspects of Cloud Computing and virtualization. Even so, he notes, “Vendors will need to keep their offerings as simple as possible, and to provide customers the broadest possible response, in order to minimize the complexity that could challenge increased acceptance of these technologies.”

A new market study, “Business Continuity/Disaster Recovery,” covers the market for business continuity and disaster recovery solutions in the period 2004-2015, segmented by major global region, by category (hardware, software and services) and by size of business (SBM/SOHO vs. Enterprise)

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