By the year 2020, a recent forecast from CIO predicts that the disaster recovery as a service (DRaaS) market will grow to $12 billion dollars. CIO also forecasted that SMBs would contribute 40% to the projected growth of the global DRaaS market. If you are weighing your disaster recovery options, it might make sense to study current trends and see how other businesses are investing their disaster recovery budgets.
Cost and Location Put DIY DR Out of Reach for Most SMBs
The business benefits of cloud services for disaster recovery (DR) have become too attractive for SMBs to ignore. SMBs often lack the funds they need to purchase backup equipment. Location is also an issue for SMBs. Most SMBs have a main location or a handful of locations in a small geographical area. If the backup system is local, then a large-scale disaster could wipe out IT services at the company’s physical location, and at the backup location.
SMBs Reap the Benefits of Cloud-Based Economies of Scale
Technology is a great equalizer that offers economies of scale to SMBs. New cloud-based DR solutions can give SMBs the business continuity they need at a cost they can afford. The National Institute of Standards describes cloud-enabled economy of scale in this way. It is a model that enables convenient and on-demand network access to a shared pool of computing resources, such as servers, storage, services, and applications. Cloud resources can be configured and quickly provisioned and released with minimal service provider interaction or management effort.
Now that you understand some of the high-level reasons that SMBs are choosing cloud-based DR solutions in greater numbers, let’s take a closer look at some specific ways that the cloud is creating new, affordable possibilities in the realm of disaster recovery. Here are 3 ways that trending cloud-based disaster recovery solutions, like DRaaS, are shaping disaster recovery for SMBs.
3 Ways that Cloud Solutions Are Shaping Disaster Recovery for SMBs
1. The Cloud Makes Disaster Recovery Affordable
From a financial perspective, there are two sides to the cloud-based DR solutions coin. On one side, there is the risk factor of not using the cloud for DR. One study showed that 84% of businesses report that IT downtime could mean catastrophic loss.
On the other side, there are the business benefits. As mentioned above, DIY disaster recovery is too expensive for the typical SMB. Cloud-based DR is affordable because it can be purchased at a predictable monthly rate. Plus, a business can control its DR budget and purchase only the DR services it needs.
2. Disaster Recovery as a Service (DRaaS)
Adoption rates for DRaaS are projected to soar over the next few years. Markets and Markets, a market research firm, projected that the DRaaS industry will be worth $11.11 billion by 2021. DRaaS is growing in popularity because it offers business continuity that is:
Another benefit of DRaaS is its automation capabilities. These capabilities help hold down up-front costs and facilitate the efficient use of resources. For instance, some automated disaster recovery services can offer recovery times as fast as 30, 15, or 5 minutes, depending on the service level agreement.
3. Location-independent Backup and Recovery Solutions
Many SMBs lack alternative locations for their backup and recovery solutions. Cloud-based DR is location-independent, which means that recovery data and VMs can reside in several different physical locations. If the main location is compromised due to a natural catastrophe, for instance, DRaaS will provide failover through backup VMs and storage from another location -- one far enough away not to have been affected by a local natural disaster.
One Cloud-Based DR Provider Is Not Like Another
As with any service, there are a wide range of options when it comes to cloud providers. SMBs face specific challenges when it comes to cloud-based DR.
Large public cloud options such as Amazon Web Services (AWS) are popular options. While services like AWS have an attractive price point, buyers have to configure and integrate their own DR solutions.
Another challenge associated with public cloud solutions is the way resources are billed. Data transfers, for example, can be a high-cost item due to the fee structure. Many public cloud providers charge a fee for both incoming and outgoing data. While the charges are a few cents each, without watchful oversight, an organization’s data transfer cost could grow out of control.
Unlike large public cloud providers, Oxford Networks offers on-site technicians. Rather than leave you alone to purchase and configure your own solution, our technicians can:
- Assess your business needs and design a custom DR solution.
- Consolidate all of your cloud-based services into one fixed monthly fee.
- Customize, configure, and install your DR solution.
- Monitor and maintain your IT environment.
- Provide automated failover for business continuity in the event of a disaster.
The experts at Oxford Networks stay current on the latest technology trends and solutions. In early February, we will be hosting our 2017 Cloud Connect Summit. Our featured topics will include fresh perspectives on IT security and disaster recovery.
To get more details about our upcoming Cloud Connect Summit or to register, please visit our registration page. Tech Talk Tuesday subscribers can register for FREE by including the code "TEK" in the corresponding field.