Disaster Recovery as a Service - Dominican Republic

Revenue in the Disaster Recovery as a Service is projected to reach US$18.13m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.36%, resulting in a market volume of US$47.71m 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 sector in the Dominican Republic is witnessing significant growth. This surge is fueled by increasing reliance on cloud solutions, heightened awareness of data protection, and the need for business continuity in the digital landscape.

Customer preferences: Businesses in the Dominican Republic are increasingly prioritizing robust disaster recovery solutions, reflecting a growing awareness of the need for data security and continuity planning. This shift is particularly evident among small and medium-sized enterprises (SMEs) that are embracing cloud-based DRaaS to safeguard their operations against disruptions. Additionally, the rise of remote work and digital transformation has prompted organizations to seek flexible, scalable recovery options, enhancing their resilience in an ever-evolving digital landscape.

Trends in the market: In the Dominican Republic, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing a notable increase in adoption, particularly among small and medium-sized enterprises (SMEs). Organizations are increasingly recognizing the importance of data protection and continuity planning, driving demand for cloud-based recovery solutions. This trend is further fueled by the rise of remote work and the digital transformation of businesses, prompting stakeholders to seek flexible and scalable recovery options. As a result, industry players must adapt their offerings to meet the evolving needs of a more resilient digital landscape.

Local special circumstances: In the Dominican Republic, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is influenced by the country's vulnerability to natural disasters, such as hurricanes and earthquakes, which heighten the need for robust data protection solutions. Additionally, a cultural shift towards digital transformation is fostering greater awareness of business continuity among local enterprises. Regulatory frameworks promoting data security and compliance further drive the adoption of cloud-based recovery services, making them essential for SMEs aiming to safeguard their operations in an increasingly unpredictable environment.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in the Dominican Republic is shaped by macroeconomic factors such as national economic stability, global cloud adoption trends, and investment in IT infrastructure. A growing economy encourages businesses to prioritize data protection, while international partnerships enhance access to advanced cloud technologies. Moreover, government initiatives promoting digital transformation and resilience against natural disasters bolster the demand for DRaaS solutions. As local enterprises increasingly recognize the importance of business continuity, the interplay of these factors is driving market growth, positioning DRaaS as a critical component for operational sustainability.

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.