Apr
4

RaaS considered major opportunity for MSPs

RaaS considered major opportunity for MSPs

April 4
By

In recent years, cloud computing and disaster recovery have been connected on many levels. Organizations of all sizes and industries must ensure they can retrieve mission-critical data following major disruptions, and cloud backup is perhaps the most effective and affordable option out there.

The use of hosted environments for recovery purposes has led to the creation of the Disaster Recovery-as-a-Service (DRaaS) market, which presents a great opportunity for IT vendors to expand their businesses. A recent MSPMentor report explained that managed service providers (MSPs) should consider several factors to help them address their client needs.

Depending on how much data a company needs to retrieve, recovery time is a key point. The news source encouraged MSPs to determine how long clients can go without access to mission-critical information. Vendors must also consider how much data a firm can lose without being severely hampered.

MSPMentor also suggested that service providers have a clear picture of which client systems must be recovered. Some businesses may only require a few servers or desktops to go back online, while others may need all of their solutions.

Market for RaaS on the rise

MSPs that want to improve their bottom lines and grow their customer bases should closely inspect the advantages of RaaS, because this market is poised for healthy growth moving forward. A report by MarketsandMarkets said demand for RaaS is projected to expand at a compound annual growth rate of more than 55 percent between 2013 and 2018, growing from approximately $641 million to nearly $5.8 billion.

The research firm explained that RaaS is growing in popularity thanks in large part to the fact that more businesses require solutions that recover critical applications quickly. Firms in the United States, Europe and the Asia-Pacific region are expected to be responsible for much of the future growth of RaaS-based offerings.

Decision-makers who want to ensure their businesses remain productive at all times can benefit greatly from cloud-based recovery. Even if a disaster strikes, employees can still have access to mission-critical applications and documents. Organizations still relying on on-site backups can experience prolonged downtime if these devices are damaged or destroyed during a disruption. Instead of suffering from future problems, corporate leaders who embrace the cloud can avoid this situation altogether.

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