Disaster Recovery as a Service - Bahrain

Bahrain

Revenue in the Disaster Recovery as a Service is projected to reach US$6.66m in 2024.
0 dominates the market with a projected market volume of 0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.27%, resulting in a market volume of US$15.41m by 2029.
In global comparison, most revenue will be generated in the United States (US$4,096.00m in 2024).

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Analyst Opinion

The Disaster Recovery as a Service Market within the Public Cloud Market in Bahrain is witnessing elevated growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the need for robust business continuity strategies among organizations.

Customer preferences: Organizations in Bahrain are increasingly prioritizing Disaster Recovery as a Service (DRaaS) solutions within the Public Cloud Market, reflecting a growing preference for comprehensive data protection strategies. This shift is influenced by demographic trends, such as a younger workforce that values digital resilience, and cultural nuances emphasizing business continuity in a competitive landscape. Additionally, the rise of remote work has heightened awareness of potential disruptions, prompting businesses to invest in scalable, cloud-based recovery options to safeguard their operations and data.

Trends in the market: In Bahrain, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is experiencing significant growth, with organizations increasingly adopting cloud-based solutions to enhance data protection and business continuity. This trend is driven by a younger workforce that prioritizes digital resilience and a cultural emphasis on operational stability. Furthermore, the rise of remote work has accelerated the demand for scalable recovery options, prompting businesses to invest in comprehensive strategies to mitigate potential disruptions. These developments hold substantial implications for industry stakeholders, including service providers, who must adapt offerings to meet evolving customer needs.

Local special circumstances: In Bahrain, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is shaped by the nation’s strategic geographical position and its vulnerability to natural disasters, such as floods and sandstorms. This has heightened the importance of robust data protection strategies among local businesses. Culturally, there is a strong emphasis on maintaining business continuity and operational integrity, which aligns with the government’s regulatory focus on enhancing cybersecurity frameworks. These factors collectively drive organizations to invest in cloud-based recovery solutions, differentiating Bahrain's market dynamics from others in the region.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Bahrain is significantly influenced by macroeconomic factors including national economic stability, global economic trends, and regulatory frameworks. The country's economic diversification efforts, supported by government initiatives, enhance investment in public cloud solutions, fostering market growth. Additionally, the rise in cybersecurity threats globally has prompted Bahraini organizations to prioritize data protection, leading to increased demand for DRaaS offerings. Furthermore, favorable fiscal policies aimed at technology adoption and infrastructure development are propelling businesses towards cloud-based recovery solutions, aligning with the national focus on resilience and sustainability.

Methodology

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.