Disaster Recovery as a Service - Central America

Revenue in the Disaster Recovery as a Service is projected to reach US$55.26m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.37%, resulting in a market volume of US$139.60m 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 Market in Central America is witnessing significant growth, fueled by increasing data security concerns, the need for business continuity, and the rapid adoption of cloud technologies by organizations.

Customer preferences: Organizations in Central America are increasingly prioritizing robust disaster recovery solutions as they navigate the complexities of digital transformation. This shift is driven by heightened awareness of cybersecurity threats and the imperative for uninterrupted services. Additionally, businesses are favoring scalable DRaaS options that align with their growth trajectories, reflecting a cultural shift towards resilience and adaptability. The rising demand for localized support and services further emphasizes the need for providers to understand regional nuances and tailor their offerings accordingly.

Trends in the market: In Central America, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing a significant shift towards comprehensive, scalable solutions that cater to evolving business needs. Organizations are increasingly adopting cloud-based DRaaS to ensure business continuity amid rising cybersecurity threats and natural disasters. This trend underscores a growing emphasis on resilience, prompting stakeholders to innovate and offer tailored solutions. Moreover, the demand for localized support is driving providers to enhance their understanding of regional challenges, ultimately fostering stronger partnerships and customer loyalty.

Local special circumstances: In Central America, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is shaped by unique geographical challenges, such as susceptibility to hurricanes and earthquakes, which necessitate robust disaster recovery solutions. Culturally, there is a strong emphasis on community resilience, prompting organizations to prioritize collaborative recovery strategies. Additionally, regulatory frameworks are evolving to address data protection and cybersecurity, influencing service providers to adapt their offerings. These local factors drive innovation and create a demand for tailored DRaaS solutions that align with regional needs.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in Central America is significantly influenced by macroeconomic factors such as regional economic stability, infrastructure investment, and global technological trends. Economic growth in the region, bolstered by foreign investments and remittances, enhances organizational capabilities to adopt advanced DRaaS solutions. Additionally, government fiscal policies aimed at digital transformation and disaster preparedness are fostering a supportive environment for cloud adoption. As global supply chains evolve and businesses seek resilience against disruptions, the demand for tailored DRaaS offerings that accommodate local vulnerabilities continues to rise, driving market expansion.

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.