Disaster Recovery as a Service - Czechia

Revenue in the Disaster Recovery as a Service is projected to reach US$46.38m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.83%, resulting in a market volume of US$105.30m 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 Czechia is experiencing substantial growth, driven by increasing reliance on cloud solutions, heightened data security concerns, and the need for business continuity in an evolving digital landscape.

Customer preferences: In Czechia, businesses are increasingly prioritizing robust disaster recovery solutions to safeguard their operations, resulting in a growing demand for Disaster Recovery as a Service (DRaaS) offerings within the public cloud market. This shift is fueled by a heightened awareness of cyber threats and the critical importance of data integrity. Additionally, the rise of remote work has prompted organizations to adopt flexible recovery strategies that align with their evolving operational needs, reflecting a broader trend toward resilience and adaptability in the face of unforeseen challenges.

Trends in the market: In Czechia, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing significant growth, driven by an increasing emphasis on business continuity and data protection. Companies are adopting DRaaS solutions to enhance their resilience against cyber threats and operational disruptions. This trend is indicative of a broader shift towards cloud-based recovery strategies, as organizations seek scalable and flexible options to meet their dynamic operational demands. As remote work becomes more prevalent, the need for reliable recovery solutions will likely intensify, presenting new opportunities and challenges for industry stakeholders.

Local special circumstances: In Czechia, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is influenced by the country's strong regulatory framework and emphasis on data sovereignty. With stringent data protection laws, including GDPR compliance, businesses are increasingly prioritizing local cloud solutions to ensure regulatory adherence. Additionally, the geographical diversity, including a mix of urban and rural areas, drives demand for tailored DRaaS solutions that address varying operational needs. The cultural inclination towards innovation further fosters adoption, as organizations recognize the importance of robust disaster recovery strategies in a rapidly evolving digital landscape.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Czechia is significantly shaped by macroeconomic factors such as the overall economic stability, investment in technology, and the regulatory landscape. The country's robust GDP growth and low unemployment rates create a favorable environment for businesses to invest in cloud solutions. Furthermore, government initiatives promoting digital transformation incentivize organizations to adopt DRaaS for enhanced resilience. Global economic trends, such as increasing cybersecurity threats, also amplify the demand for reliable disaster recovery solutions, as companies recognize the necessity of safeguarding their operations against potential disruptions.

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.