Disaster Recovery as a Service - Armenia

Revenue in the Disaster Recovery as a Service is projected to reach US$3.62m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.47%, resulting in a market volume of US$9.56m by 2029.
In global comparison, most revenue will be generated United States (US$4.10bn in 2024).

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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Cloud-based disaster recovery solutions such as Amazon Web Services (AWS) Disaster Recovery, Microsoft Azure Site Recovery, and Google Cloud Disaster Recovery
Real-time Replication and Continuous Data Protection (CDP) such as Zerto Virtual Replication, Veeam Backup & Replication, and Commvault Continuous Data Replication
Disaster recovery orchestration tools, such as IBM Resiliency Orchestration, VMware Site Recovery Manager, and Rubrik Polaris

Traditional on-premises disaster recovery solutions, such as Symantec Backup Exec, and Veritas NetBackup Appliance
Standalone Business Continuity Planning (BCP) tools not integrated with DRaaS, such as Fusion Framework System, ClearView, and BC in the Cloud

The Disaster Recovery as a Service Market within the Public Cloud Market in Armenia is experiencing elevated growth, fueled by increasing data security concerns, the need for business continuity, and advancements in cloud technology that enhance disaster recovery solutions.

Customer preferences: Consumers in Armenia are increasingly prioritizing robust data protection and business continuity strategies, leading to a growing demand for Disaster Recovery as a Service (DRaaS) solutions within the Public Cloud Market. This shift is influenced by heightened awareness of cyber threats and the need for resilience in the face of natural disasters. Additionally, as businesses evolve towards digital transformation, there's a rising preference for flexible, scalable cloud-based recovery options that align with modern operational needs and support rapid recovery after disruptions.

Trends in the market: In Armenia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is experiencing significant growth as organizations increasingly recognize the importance of data resilience and business continuity. There is a notable trend towards adopting cloud-based DRaaS solutions, driven by rising cyber threats and the need for effective recovery strategies against natural disasters. This shift is reshaping operational frameworks, encouraging stakeholders to invest in flexible, scalable solutions that enhance recovery speed and reliability, ultimately fostering a more resilient business environment across various sectors.

Local special circumstances: In Armenia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is shaped by its unique geographical challenges, such as susceptibility to earthquakes and regional geopolitical tensions. These factors compel organizations to prioritize robust disaster recovery solutions. Culturally, there is a strong emphasis on community resilience, influencing businesses to adopt collaborative recovery strategies. Additionally, local regulatory frameworks are evolving to support cloud adoption, driving investment in DRaaS and fostering a proactive approach to data protection and business continuity across various sectors.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud in Armenia is significantly influenced by macroeconomic factors such as national economic stability, investment in digital infrastructure, and global economic trends. As the country seeks to modernize its IT landscape, favorable fiscal policies promoting cloud adoption are crucial. Additionally, the increasing frequency of natural disasters globally heightens awareness of the need for reliable disaster recovery solutions. The growth of foreign investments and partnerships in the tech sector further stimulates market demand, while regional economic integration efforts enhance access to cloud services, fostering a more resilient business environment.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.