Definition:
Disaster Recovery as a Service (DRaaS) refers to the provisioning of third-party cloud computing and backup services that enable the replication and hosting of physical or virtual servers to ensure data availability and organizational operation continuity in the event of a disaster. DRaaS minimizes downtime and data loss by providing organizations with the ability to perform a full recovery of their IT infrastructure in a secondary, cloud-based environment.
Additional Information:
The Disaster Recovery as a Service (DRaaS) market comprises revenue, revenue change, and average spend per employee as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.
Key players in the DRaaS market include companies such as Microsoft Azure, IBM, and Recovery Point Systems.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in Africa is witnessing considerable growth, driven by escalating demand for data protection, increasing cloud adoption, and the need for business continuity amid rising cyber threats.
Customer preferences: Consumers in Africa are increasingly prioritizing robust disaster recovery solutions, reflecting a heightened awareness of cybersecurity threats and data loss risks. This shift is particularly evident among small and medium-sized enterprises (SMEs) that seek affordable, scalable DRaaS options to ensure business continuity. Additionally, as remote work and digital collaboration become more prevalent, organizations are favoring cloud-based solutions that offer flexibility and resilience. This trend is further influenced by a growing tech-savvy youth population that values innovation and efficiency in safeguarding their digital assets.
Trends in the market: In Africa, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth, driven by an increasing demand for reliable data protection solutions among small and medium-sized enterprises (SMEs). As awareness of cybersecurity threats rises, these businesses are prioritizing affordable and scalable DRaaS options to ensure operational continuity. Furthermore, the rise of remote work and digital collaboration is prompting organizations to adopt flexible cloud-based solutions. This trend, fueled by a tech-savvy youth demographic, underscores the importance of innovation in safeguarding digital assets, impacting industry stakeholders to enhance service offerings and focus on customer-centric strategies.
Local special circumstances: In Africa, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is shaped by unique geographical and cultural factors. The continent's diverse climate-related challenges, such as droughts and floods, necessitate robust disaster recovery solutions for businesses to safeguard their operations. Additionally, varying levels of digital infrastructure across regions influence the adoption of cloud services. Cultural attitudes towards technology and risk management further drive SMEs to seek localized, affordable DRaaS options, fostering a competitive landscape that prioritizes tailored solutions and community engagement.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in Africa is significantly influenced by macroeconomic factors such as economic stability, investment trends, and governmental policies. Countries with strong economic growth and supportive fiscal policies are more likely to see increased adoption of DRaaS solutions, as businesses recognize the importance of safeguarding their data against natural disasters. Furthermore, global trends such as the rise of remote work and digital transformation are driving demand for robust cloud-based recovery options. Conversely, regions facing economic challenges may struggle to invest in such technologies, impacting overall market performance and accessibility.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
Data coverage:
The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.