U.S. Federal Business Continuity/Disaster Recovery IT Market to Reach $5 Bln Landmark in 2016

San Francisco, CA (PRWEB) August 08, 2011

Market Research Media announces new market report – U.S. Federal IT Business Continuity and Disaster Recovery Market Forecast 2013-2018.

Recession, federal budget cuts, change of leadership and federal IT policy swings are taking toll on IT vendors affecting a sizable chunk of the U.S. IT industry. There’s a segment of the Federal IT market that will continue to grow rapidly, recession or not.

The ever increasing cyber attacks on the U.S. government networks, growing dependence of organizational functions on advanced information technology (IT) and emergence of new technologies have brought pressure on the U.S. Federal IT management to drastically review the business continuity and disater recovery (BC/DR) paradigm, practices and tools. Other challenges include necessity to cope with the Big Data, budget pressures and government-wide shift of IT policies from Capital Expenditure to Operational Expenditure strategy. A sense of uncertainty about cyber security among U.S. Federal IT policymakers will contribute to growth in the business continuity/disaster recovery segment.

The Federal IT Business Continuity and Disaster Recovery policies in the report period will focus on:

Wide adoption of cloud and virtualization technologies with integrated BC/DR functions;
Putting in place the dynamic organizational model for continuous risk assesment and contingency planning;
Adoption of cost-effective backup and data protection technologies without compromising risk parameters;
Shortening recovery time;
Improving BC/DR interoperability of the government IT systems and the national critical IT infrastructure.

Market Research Media forecasts that the U.S. Federal IT Business Continuity and Disaster Recovery Market solutions will reach the landmark of $ 5 billion in 2016, growing in 2013-2018 at a CAGR of about 9%.

The report provides:

Six-year detailed U.S. Federal IT Business Continuity and Disaster Recovery market forecast for the period 2013-2018;
Agency-by-agency detailed BC/DR market forecasts for both defense and civilian sectors;
BC/DR market segmentation by software hardware and services;
BC/DR services market segmentation by cloud services (SaaS, HaaS), support and maintenance, personnel training and BC/DR planning.

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U.S. Federal Business Continuity/Disaster Recovery IT Market to Reach $5 Bln Landmark in 2016