Disaster Recovery as a Service - Australia

Revenue in the Disaster Recovery as a Service is projected to reach US$254.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.11%, resulting in a market volume of US$585.70m 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 Australia is witnessing elevated growth, fueled by increasing data security concerns, the need for business continuity, and the rising adoption of cloud-based solutions among enterprises.

Customer preferences: As organizations in Australia face heightened data security threats, there is a growing preference for Disaster Recovery as a Service (DRaaS) solutions that offer robust protection and rapid recovery capabilities. Businesses are increasingly prioritizing flexible and scalable cloud-based options, reflecting a shift towards remote work and digital transformation. Additionally, the rising awareness of compliance and regulatory requirements is driving companies to adopt DRaaS, ensuring data integrity and continuity while catering to a tech-savvy workforce that values efficiency and reliability.

Trends in the market: In Australia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth as organizations increasingly prioritize data resilience amid rising cybersecurity threats. Companies are gravitating towards cloud-based DRaaS solutions that offer scalability and flexibility, enabling rapid recovery during disruptions. Furthermore, heightened awareness of compliance mandates is compelling businesses to adopt these services, ensuring data integrity and operational continuity. This trend underscores the importance of reliable recovery options, presenting opportunities for industry stakeholders to innovate and enhance service offerings.

Local special circumstances: In Australia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is influenced by unique geographical factors, such as the risk of natural disasters like bushfires and floods, which necessitate robust data recovery solutions. Additionally, Australia's strict regulatory environment, including the Privacy Act and the Australian Cyber Security Strategy, drives organizations to adopt DRaaS for compliance and data protection. Cultural attitudes towards innovation and technology adoption further propel businesses to seek scalable, cloud-based recovery solutions, ensuring operational resilience.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in Australia is shaped by several macroeconomic factors, including national economic stability, investment in cloud infrastructure, and evolving fiscal policies. A strong Australian economy, characterized by steady GDP growth and low unemployment, encourages businesses to invest in advanced technology solutions. Furthermore, government initiatives promoting digital transformation and cybersecurity enhance market attractiveness. Global economic trends, such as the increasing reliance on remote work and digital services, further amplify the demand for DRaaS, as organizations prioritize operational continuity and data security amidst rising cyber threats.

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.