Disaster Recovery as a Service - Bangladesh

Revenue in the Disaster Recovery as a Service is projected to reach US$64.78m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 26.14%, resulting in a market volume of US$206.90m 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 (DRaaS) market within the Public Cloud sector in Bangladesh is experiencing elevated growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the need for business continuity in unpredictable environments.

Customer preferences: Consumers in Bangladesh are increasingly prioritizing robust disaster recovery solutions, reflecting a growing awareness of the importance of data resilience in a digital-first environment. This shift is notably influenced by the rising number of small and medium enterprises (SMEs) that require affordable yet effective DRaaS options to safeguard their operations. Additionally, the younger, tech-savvy demographic is driving demand for scalable cloud services, as they seek seamless integration of disaster recovery within their digital infrastructures, ensuring business continuity amid natural disasters and economic uncertainties.

Trends in the market: In Bangladesh, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing a notable shift towards comprehensive, cost-effective solutions tailored for small and medium enterprises (SMEs). As these businesses increasingly recognize the critical need for data resilience, there is a surge in demand for scalable cloud services that ensure seamless disaster recovery integration. This trend is further bolstered by a tech-savvy younger demographic, prompting industry stakeholders to innovate and adapt their offerings, enhancing operational continuity amid natural disasters and economic fluctuations.

Local special circumstances: In Bangladesh, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is being shaped by the country's vulnerability to natural disasters like floods and cyclones, prompting businesses to prioritize data protection. Additionally, the cultural emphasis on community resilience drives SMEs to adopt collective disaster recovery strategies. Regulatory initiatives aimed at enhancing digital infrastructure also encourage investments in cloud solutions, fostering a competitive landscape where innovation thrives, ultimately ensuring business continuity during crises.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Bangladesh is significantly influenced by macroeconomic factors such as the increasing frequency of natural disasters, national economic stability, and investment in digital infrastructure. As the global economy shifts towards cloud-based solutions, Bangladesh's commitment to enhancing its digital landscape attracts foreign investments and stimulates local entrepreneurship. Furthermore, government fiscal policies promoting technology adoption and disaster preparedness create a conducive environment for DRaaS growth. The rising awareness of data security and business continuity amid economic uncertainties further propels demand for effective disaster recovery solutions, ensuring resilience in the face of adversity.

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.