Disaster Data Recovery Market to Reach $39 Billion by 2015
December 02 2011 - 7:30AM
Marketwired
Business Continuity Solutions, Inc. (PINKSHEETS: BUCS) announced
yesterday that they have signed their largest contract to date. The
Company has secured a 3 year provision to provide Backup Data
Recovery and managed services to both locations for Venture Group
Enterprises.
ABI Research forecasts that the global market for business
continuity and disaster data recovery solutions will grow to nearly
$40 billion by 2015. Business Continuity Solutions provides cloud
infrastructure, data center, and backup and disaster recovery
(BDR). Business Continuity Solutions offers services similar to
larger companies like Citrix (NASDAQ: CTXS), EMC Corp (NYSE: EMC)
and Rackspace Hosting (NYSE: RAX).
Larry Fisher, ABI Research director notes, "...business
continuity and disaster recovery technologies are becoming less
expensive and easier to use, in part because they are being
integrated into larger IT systems, and also because they're
increasingly taking advantage of aspects of Cloud Computing and
virtualization."
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