The global market for disaster recovery software will continue an upward climb during the next several years, research firm TechNavio says, as companies place a greater focus on protecting and restoring their information.
According to TechNavio’s recently released Recovery Services Market 2010-2014 report, revenue from disaster recovery solutions will top $22.6 billion in 2014.
Organizations are finding that risks to the safety and security of their data are popping up all the time. As a result, decision-makers are prioritizing software and technology that can protect it against disasters, and also recover and restore it should an incident occur. Among the most pressing threats to data today are natural disasters and network outages, the latter of which can be sparked by a loss of power or human error.
The cloud is another important factor behind recovery services growth, TechNavio said. Many organizations are looking to get on the hosted technology bandwagon and are starting with data management needs.
Disaster recovery is necessary for companies of all sizes, especially small and medium-sized businesses that may not be able to weather network downtime. A recent CRN report noted that all SMB decision-makers should look into developing robust recovery strategies for their companies.