We’re excited to announce that Gartner positioned us as a “Visionary” in their 2016 Magic Quadrant for Disaster Recovery as a Service (DRaaS). With a lot of vendors competing in the space, we’re thrilled to be ranked high in both our “completeness of vision” and “ability to execute”. You can get your complimentary DRaaS Gartner report here.
As you know, the publishing of the Magic Quadrant involves extensive research, input from vendor customer interviews and surveys and evaluation based on numerous capabilities. It’s why it’s the go-to report to help companies evaluate and make decisions about DRaaS vendors.
DRaaS Gartner Magic Quadrant High Fives: 15 Minute RTO and Competitive Pricing
According to ActualTech Media’s Report: DRaaS Adoption and Trends, most companies want on-demand failover but they can’t afford it. And that problem inspired our mission to create a disaster recovery as a service solution that delivers the enterprise-grade RTO companies want without the six figure price tag.
Gartner hailed our 15 minute RTO guarantee as “among the lowest in the industry” and highlighted our competitive pricing as a key differentiator. We’re proud of the recognition and we’ll continue to push the envelope so that every company can eradicate downtime.
DRaaS is the New Black
Beyond validating our product innovation, this year’s magic quadrant recognizes the wider adoption of DRaaS, which can be largely attributed to the proven viability of cloud-based solutions. “Today, Gartner estimates the size of the DRaaS market to be approximately $1.3 billion, with a compounded annual growth rate of approximately 30%. By 2018, Gartner estimates that the size of the DRaaS market will exceed that of the market for more traditional subscription-based DR services.” With downtime costs increasing, companies recognize the value of migrating disaster recovery to the cloud (Watch how we reduce DR costs).
We’re really proud to join the ranks of Gartner’s magic quadrant and will continue to drive innovation with our cloud-centric approach to disaster recovery. Get the full DRaaS Gartner report to learn why we were named a “Visionary” and to help you select the right DRaaS solution for your company.