Industrial Research World

  Thinking about the possibility of a disaster is obviously not picked by everyone. It’s much easier to think that it is never going to happen to me in business. However, when disaster does strike, this false sense of security often results in organizations and people finding themselves miserable. At a certain point between human error, equipment failure, natural calamities, and cyber-attacks, you will surely experience a disaster through the life of your business. The potential loss of customers, their trust, and data has put many businesses under loss. Some of the eye-opening and alarming facts are as follows: As per the  Federal Emergency Management Agency (FEMA) , around 40-60% of small businesses never revive following a disaster. According to a  survey , about 75% of small businesses are not ready with a disaster plan. According to a Nationwide Insurance survey, the owners of around 50% of small business say that recovering from a disaster takes at least three months or more. Tha

  The pandemic situation has brought a positive impact on disaster recovery as a service market. The market is predicted to grow significantly in the forecast period despite the pandemic COVID-19 situation. The primary factor for the growth of DRaaS before COVID -19 was due to the rising demand by most organizations for its cost effectiveness and greater flexibility. The factor which affects the positive growth of the disaster recovery as a service is the lockdown and most of the organizations implementing work from home. However, data breach is considered to be the major restraint for the market. Implementation of artificial intelligence in DRaaS is predicted to create vast opportunity for the DRaaS Market in the forecast period. For instance, TM One launched cloud alpha promotion for business at the time of bleeding economy stating #stayproductive during the quarantine time by urging people to stay home and work from home. Our report includes: Technological Impact Social Impact Inves