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 (DRaaS) market within the Public Cloud sector in Central Asia is witnessing intense growth, fueled by increasing demand for data protection, rising cyber threats, and the need for business continuity solutions among enterprises.
Customer preferences: In Central Asia, organizations are increasingly prioritizing robust disaster recovery solutions within the Public Cloud, reflecting a growing awareness of data security and operational resilience. This shift is driven by a younger, tech-savvy workforce that values seamless access to information and services. Additionally, as businesses expand regionally, there is a heightened emphasis on compliance with international data protection standards. The rising influence of remote work is further fueling demand for reliable DRaaS, ensuring continuity and safeguarding critical data against emerging threats.
Trends in the market: In Central Asia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is experiencing a notable shift towards comprehensive solutions that ensure business continuity. Organizations are increasingly adopting cloud-based DRaaS to mitigate risks associated with data loss and operational downtime. This trend is significant as it reflects a broader commitment to data security amid rising cyber threats. Furthermore, the emphasis on compliance with international standards is fostering partnerships between local firms and global cloud service providers, enhancing service offerings and regional resilience. As remote work becomes the norm, the demand for scalable and reliable DRaaS solutions is poised to grow, presenting opportunities for industry stakeholders to innovate and expand their service portfolios.
Local special circumstances: In Central Asia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is shaped by unique geographical and regulatory factors. The region's vulnerability to natural disasters, such as earthquakes and floods, drives organizations to prioritize robust disaster recovery solutions. Additionally, cultural attitudes towards data security and privacy are evolving, prompting businesses to seek compliance with both local and international regulations. This regulatory environment encourages collaboration between local enterprises and global cloud providers, fostering innovation and strengthening the overall resilience of the market.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud in Central Asia is influenced by macroeconomic factors such as regional economic stability, investment in IT infrastructure, and government policies promoting digital transformation. Countries with strong economic growth and supportive fiscal measures are more likely to adopt advanced disaster recovery solutions. Furthermore, global trends towards remote work and increased digitalization are prompting local businesses to prioritize data protection. The rising awareness of cyber threats and the need for compliance with international standards also drive demand, fostering partnerships between local firms and global cloud service providers.
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.