Disaster Recovery as a Service - Central & Western Europe

Revenue in the Disaster Recovery as a Service is projected to reach US$2.37bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.83%, resulting in a market volume of US$5.39bn 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 market within the Public Cloud Market in Central & Western Europe is witnessing elevated growth, fueled by increasing reliance on cloud solutions, rising cybersecurity concerns, and the need for business continuity in unpredictable environments.

Customer preferences: Organizations in Central & Western Europe are increasingly prioritizing robust disaster recovery solutions within the public cloud, reflecting a shift towards proactive risk management. This trend is influenced by a growing awareness of the potential impact of data breaches and service disruptions. Additionally, businesses are seeking flexible, scalable solutions that align with remote work trends and digital transformation efforts. The emphasis on compliance with stringent data protection regulations further drives the demand for secure, reliable disaster recovery services.

Trends in the market: In Central & Western Europe, the Disaster Recovery as a Service (DRaaS) market within the public cloud is experiencing significant growth as organizations prioritize resilience against disruptions. Companies are increasingly adopting cloud-based solutions to ensure rapid recovery from data breaches and service interruptions, reflecting a shift towards proactive risk management. The demand is further fueled by the need for compliance with stringent data protection regulations and the growing trend of remote work. This shift presents opportunities for cloud service providers to innovate and enhance their offerings, catering to businesses seeking flexibility and scalability in disaster recovery solutions.

Local special circumstances: In Central & Western Europe, the Disaster Recovery as a Service (DRaaS) market within the public cloud is shaped by diverse geographical and regulatory factors. The region's susceptibility to natural disasters, such as floods and storms, drives organizations to prioritize robust disaster recovery plans. Additionally, stringent EU regulations on data protection, like GDPR, mandate heightened compliance efforts, further boosting demand for DRaaS solutions. Culturally, an emphasis on sustainability and innovation encourages businesses to adopt flexible cloud strategies, fostering a competitive landscape for service providers.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the public cloud in Central & Western Europe is significantly influenced by macroeconomic factors such as economic stability, technological innovation, and investment trends. The region's strong economic performance, characterized by steady GDP growth and low unemployment rates, encourages organizations to invest in advanced DRaaS solutions. Additionally, government initiatives promoting digital transformation and cloud adoption enhance market growth. The increasing focus on risk management and business continuity, driven by recent natural disasters, further accelerates demand. Global supply chain disruptions also compel businesses to rethink their disaster recovery strategies, reinforcing the relevance of DRaaS offerings.

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.