Disaster Recovery as a Service - Cameroon

Revenue in the Disaster Recovery as a Service is projected to reach US$7.57m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.21%, resulting in a market volume of US$19.81m 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 Cameroon is witnessing significant growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the need for business continuity in an evolving digital landscape.

Customer preferences: In Cameroon, organizations are increasingly prioritizing robust data protection and recovery strategies, leading to a rising demand for Disaster Recovery as a Service (DRaaS) solutions within the Public Cloud market. This shift is influenced by a growing recognition of the importance of data integrity and business resilience amid frequent disruptions. Additionally, the younger, tech-savvy demographic is driving the adoption of cloud-based solutions, favoring flexible, scalable options that align with their fast-paced lifestyles and need for immediate access to data.

Trends in the market: In Cameroon, the Disaster Recovery as a Service (DRaaS) market is experiencing significant growth as organizations increasingly recognize the need for comprehensive data protection and recovery solutions. The demand is fueled by frequent disruptions, prompting businesses to prioritize resilience and data integrity. Additionally, the rise of a tech-savvy workforce is accelerating the adoption of cloud-based DRaaS solutions, which offer flexibility and scalability. This trend is crucial for industry stakeholders, as it presents opportunities for service providers to innovate and cater to the evolving needs of businesses seeking reliable disaster recovery options.

Local special circumstances: In Cameroon, the Disaster Recovery as a Service (DRaaS) market is shaped by its unique geographical challenges, including susceptibility to natural disasters such as floods and landslides. This reality drives organizations to prioritize robust data protection solutions. Culturally, there is a growing emphasis on community resilience, prompting businesses to seek collaborative DRaaS options. Furthermore, regulatory frameworks are evolving, encouraging investment in cloud technologies, which collectively enhance the market's appeal and stimulate innovation among service providers.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Cameroon is significantly influenced by macroeconomic factors such as national economic stability, global cloud adoption trends, and investment in technological infrastructure. The country's economic health, characterized by its GDP growth and inflation rates, impacts organizational budgets for IT solutions. Additionally, supportive fiscal policies and incentives for cloud technology adoption encourage businesses to invest in DRaaS, enhancing data resilience. Furthermore, increasing global awareness of disaster preparedness and recovery strategies drives demand for DRaaS, aligning with regional efforts to bolster community resilience against natural disasters.

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.