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An IT disaster recovery plan is the lynchpin of an overall business continuity strategy. And the purpose of business continuity is to maintain a minimum level of service while restoring the organization to business as usual. If a business fails to put a disaster recovery plan in place then, when disaster strikes, the company risks losing customers to competitors, losing funding and having the need for its products or services re-evaluated and deemed unnecessary.
Disaster recovery might just be the most overlooked responsibility in IT departments around the globe. That’s especially unfortunate, considering that there are products available in the market that can provide all companies comprehensive disaster recovery capabilities that enable a 15-minute recovery period for all applications. As you’ll learn in this report, the market for Disaster Recovery as a Service (DRaaS) providers is ripe with opportunity to educate customers on the potential business benefits of a well thought out disaster recovery plan. Perhaps one of the most critical findings is that 80% of respondents continue to use yesterday’s technology for disaster recovery or do not leverage cloud. At the same time, demands on the business necessitate quick recovery. There is a fundamental disconnect between tape – yesterday’s technology – and quick failover,particularly given the emergence of affordable DRaaS offerings.
More than 2.5 exabytes – that is, 2.5 billion gigabytes (GB) – of data are generated each day worldwide in the form of emails, documents, presentations, images, videos and voice recordings. Data centers serve as the backbone of systems that facilitate the swift transmission of this data 24/7 – a necessity in the digital age.
Cloud technology is quickly becoming the default at companies of all sizes. Nine out of ten companies have already moved at least some of their applications or computing infrastructure to the cloud or plan to do so in the next 12 months. IT spending reflects this trend, with the average investment in cloud rising nearly 36% from two years ago. What’s more, cloud adoption is growing across all delivery models, with examples of every kind of application and workload on every kind of platform, according to a recent IDG survey.
Strong demand for data and technology capacity fueled the wholesale data center market in North America in 2018. There were two primary drivers of data center demand in 2018. Significant data traffic and storage: Global data center and cloud IP traffic since 2016 are forecast to triple by 2021 at a compund annual growth rate (CAGR) of 25%. With the enormous growth of data consumption- driven by big data analytics, 5G, gaming and streaming services- wholesale data centers will remain positively impacted.Evolution of hyperscale and enterprise requirements: the spread in the scale of requirements was a standout driver in 2018, as enterprise users remained active but started with lower-size requirements.