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:
… 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.”