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 market in Belgium is witnessing elevated growth, fueled by increasing cyber threats, the need for business continuity, and the rising adoption of cloud solutions among organizations seeking resilience.
Customer preferences: Organizations in Belgium are increasingly prioritizing robust disaster recovery strategies, reflecting a growing awareness of the importance of data protection and business continuity. This shift is influenced by heightened concerns over cyber threats and the need for operational resilience in an unpredictable environment. Furthermore, the rising demand for flexible, scalable cloud solutions aligns with a more agile business culture, where companies seek to adapt quickly to market changes and ensure uninterrupted service delivery, thereby enhancing overall competitiveness.
Trends in the market: In Belgium, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth, driven by organizations' increasing focus on data protection and business continuity. Companies are adopting multi-cloud strategies to enhance resilience against cyber threats and system outages. Additionally, the integration of AI and automation in disaster recovery processes is streamlining operations and reducing recovery times. This trend signifies a shift towards proactive risk management, compelling industry stakeholders to invest in innovative solutions that ensure robust service delivery and maintain competitive advantage in an evolving digital landscape.
Local special circumstances: In Belgium, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is shaped by the country's strategic location at the heart of Europe and its robust regulatory framework. The presence of EU institutions fosters stringent data protection laws, compelling organizations to prioritize compliance in their disaster recovery strategies. Moreover, Belgium's multilingual population influences service delivery, necessitating localized solutions. The increasing frequency of climate-related events also drives demand for resilient infrastructure, prompting businesses to invest in DRaaS for enhanced operational continuity.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Belgium is significantly influenced by macroeconomic factors such as the overall health of the national economy, technological advancements, and regulatory compliance pressures. Belgium's stable economic environment, characterized by moderate growth and low unemployment, encourages businesses to invest in cloud-based disaster recovery solutions. Additionally, the government's favorable fiscal policies and incentives for tech adoption bolster market expansion. Global trends, such as the rising need for cybersecurity and data resilience, further drive demand for DRaaS, as organizations seek to mitigate risks associated with data loss and operational downtime.
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.