Disaster Recovery as a Service - Eastern Africa

  • Eastern Africa
  • Revenue in the Disaster Recovery as a Service is projected to reach US$82.40m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 24.22%, resulting in a market volume of US$243.70m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$4,096.00m in 2024).
 
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Analyst Opinion

The Disaster Recovery as a Service market within the Public Cloud sector in Eastern Africa is witnessing significant growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the need for robust business continuity strategies among organizations.

Customer preferences:
Organizations in Eastern Africa are increasingly prioritizing Disaster Recovery as a Service (DRaaS) solutions, reflecting a growing preference for cloud-based resilience strategies that ensure data protection and operational continuity. This shift is influenced by a younger, tech-savvy workforce that values agility and accessibility in business processes. Additionally, as remote work becomes more prevalent, companies are seeking scalable solutions that align with their evolving operational needs, driving demand for customizable and cost-effective DRaaS offerings within the public cloud market.

Trends in the market:
In Eastern Africa, the Disaster Recovery as a Service (DRaaS) market is experiencing a notable surge as organizations increasingly adopt cloud-based solutions to enhance resilience and ensure data protection. This trend is fueled by a tech-savvy workforce that prioritizes agility and accessibility, driving the demand for scalable and customizable DRaaS offerings. Furthermore, the rise of remote work has amplified the need for cost-effective solutions that can adapt to dynamic operational requirements. As these trends evolve, industry stakeholders must innovate to meet growing customer expectations and secure their competitive edge in the public cloud market.

Local special circumstances:
In Eastern Africa, the Disaster Recovery as a Service (DRaaS) market is uniquely shaped by geographical challenges such as frequent natural disasters and infrastructure variability, compelling organizations to prioritize robust data protection strategies. Cultural factors, including a strong communal approach to business resilience, enhance the adoption of collaborative cloud solutions. Additionally, evolving regulatory frameworks aimed at enhancing data security and privacy further influence market dynamics, driving organizations to seek compliant and adaptable DRaaS offerings that align with local requirements.

Underlying macroeconomic factors:
The Disaster Recovery as a Service (DRaaS) market in Eastern Africa is significantly influenced by macroeconomic factors such as regional economic stability, investment in digital infrastructure, and the growing demand for data security solutions. Countries with improving national economic health and supportive fiscal policies are more likely to attract investments in cloud technologies, enhancing DRaaS adoption. Additionally, global economic trends, including the shift towards remote work and increased cyber threats, are propelling organizations to prioritize disaster recovery strategies to safeguard their operations. The combination of these factors creates a conducive environment for the growth of the DRaaS market in the region.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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