Disaster Recovery as a Service - Croatia

Revenue in the Disaster Recovery as a Service is projected to reach US$11.62m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.93%, resulting in a market volume of US$27.66m 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 in Croatia is witnessing significant growth, propelled by the increasing reliance on cloud solutions, heightened awareness of data security, and the demand for cost-effective recovery options among businesses.

Customer preferences: Businesses in Croatia are increasingly prioritizing robust data protection strategies, driving a surge in interest for Disaster Recovery as a Service (DRaaS) solutions within the Public Cloud. This shift is fueled by a growing recognition of the risks associated with data loss and cyber threats. Additionally, as remote work becomes more prevalent, organizations are seeking flexible and scalable recovery options. The cultural emphasis on resilience and continuity in operations further amplifies the demand for comprehensive, cost-effective cloud-based recovery services.

Trends in the market: In Croatia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is experiencing significant growth as businesses increasingly recognize the necessity of safeguarding their data. Organizations are shifting towards cloud-based solutions to ensure business continuity, driven by heightened awareness of cyber threats and data loss risks. The rise of remote work has further propelled the demand for scalable and flexible recovery options. This trend underscores a cultural commitment to resilience, prompting industry stakeholders to innovate and offer comprehensive, cost-effective DRaaS solutions that meet evolving business needs.

Local special circumstances: In Croatia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is being shaped by the country's unique geographical vulnerabilities, such as susceptibility to natural disasters like floods and earthquakes. This awareness drives organizations to prioritize data protection and business continuity strategies. Additionally, Croatia's regulatory framework emphasizes data sovereignty, compelling businesses to adopt local cloud solutions that comply with EU data protection laws. This combination of environmental factors and regulatory demands fosters a robust market for tailored DRaaS offerings, enhancing resilience and adaptability.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Croatia is significantly influenced by macroeconomic factors such as economic stability, technological advancements, and investment in IT infrastructure. As the national economy continues to recover post-pandemic, businesses are increasingly prioritizing digital transformation and data protection strategies. Furthermore, favorable fiscal policies aimed at promoting innovation and technology adoption bolster investments in cloud solutions. Global trends, such as the rising emphasis on cybersecurity and data privacy, also drive demand for DRaaS, as organizations seek to enhance resilience against potential disruptions and comply with stringent EU regulations.

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.