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 market within the Public Cloud in APAC is witnessing elevated growth, fueled by increasing demand for data protection, rising cyber threats, and the need for business continuity solutions among enterprises across the region.
Customer preferences: Enterprises in APAC are increasingly prioritizing robust disaster recovery solutions, reflecting a growing awareness of the critical importance of data resilience. As organizations face heightened cyber threats, there's a notable shift towards integrated disaster recovery services that seamlessly blend with existing cloud infrastructures. Additionally, cultural nuances emphasizing risk aversion and the importance of business continuity are influencing decision-making processes, prompting companies to adopt proactive measures that ensure operational stability in the face of disruptions.
Trends in the market: In APAC, the Disaster Recovery as a Service (DRaaS) market within the public cloud is experiencing significant growth, driven by an increasing demand for comprehensive data protection strategies. Organizations are now prioritizing DRaaS solutions that offer seamless integration with existing cloud environments, enhancing operational resilience. Furthermore, as regulatory compliance becomes more stringent, companies are adopting DRaaS to ensure data integrity and business continuity. This trend underscores the importance of strategic partnerships between cloud providers and enterprises, as stakeholders must navigate evolving cybersecurity threats and the need for agile recovery solutions.
Local special circumstances: In Japan, the Disaster Recovery as a Service (DRaaS) market is gaining momentum due to the country’s vulnerability to natural disasters like earthquakes and typhoons, prompting organizations to prioritize robust business continuity plans. The cultural emphasis on risk management and resilience further drives adoption, as companies seek reliable cloud solutions that align with local practices. Additionally, stringent data protection regulations, such as the Act on the Protection of Personal Information, compel businesses to invest in DRaaS for compliance, enhancing overall data security in the public cloud landscape.
Underlying macroeconomic factors: The expansion of the Disaster Recovery as a Service (DRaaS) market within the public cloud sector in Japan is significantly influenced by macroeconomic factors such as economic stability, technological innovation, and regulatory frameworks. Japan's strong economic recovery post-pandemic, coupled with government initiatives supporting digital transformation, fosters an environment conducive to DRaaS adoption. Furthermore, the increasing frequency of natural disasters has heightened awareness of the need for robust disaster recovery solutions. As organizations prioritize resilience, investments in public cloud infrastructure are rising, driven by both compliance with stringent data protection laws and the pursuit of operational efficiency.
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.