Market Challenges And Opportunities

Requirement to fix first and run later is eliminated owing to adoption DRaaS, is expected to prominent factor propelling the market growth

Mitigation and preparedness in emergence of a calamity is of significant importance, as corporate data is considered as high value asset in this data driven world. According to our research findings, digital information accounts for over 50% of the company’s total business value exceeding the software and IT infrastructure costs. Loss of consumer information, company and brand reputation, additional data recovery and other IT costs, and long business downtimes are among the major factors that can negatively impact the business propagation.

Growing security concerns and compliance requirements are expected to present major growth challenge to the industry participants

Increasing threats from malwares and data hacking incidences are expected to consistently challenge the overall IT infrastructure developments through the forecast period. Industry participants are increasingly required to meet the distinct regional regulatory requirements and international standards such as BCI standards, HITECH, PCI, and SOC2 among many others. Moreover, flow of data across international borders have to meet with several compliance obligations and restrictions. This is expected to present major growth challenge over the forecast period.