Disaster Recovery as a Service - Eastern Asia

Revenue in the Disaster Recovery as a Service is projected to reach US$3.65bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.49%, resulting in a market volume of US$8.89bn 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 sector in Eastern Asia is witnessing elevated growth, fueled by increasing data security concerns, the rising adoption of cloud solutions, and the need for business continuity amid unpredictable disruptions.

Customer preferences: Consumers in Eastern Asia are increasingly prioritizing robust disaster recovery solutions, reflecting a growing awareness of the importance of data protection and business resilience. This shift is influenced by rapid digital transformation and heightened sensitivity to cyber threats, prompting organizations to seek reliable DRaaS options. Additionally, younger, tech-savvy demographics are driving demand for flexible, scalable solutions that integrate seamlessly with existing cloud infrastructures, emphasizing the need for continuous availability and swift recovery in an unpredictable environment.

Trends in the market: In Eastern Asia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing a surge in demand as organizations recognize the critical need for data protection and business continuity. This trend is driven by rapid digital transformation and a rise in cyber threats, prompting businesses to adopt comprehensive DRaaS solutions. Furthermore, the increasing influence of younger, tech-savvy professionals is pushing for flexible and scalable recovery options that seamlessly integrate with existing cloud infrastructures, emphasizing continuous availability. This shift signifies a pivotal change in how organizations prioritize resilience, impacting service providers to innovate and enhance their offerings to meet evolving customer expectations.

Local special circumstances: In Eastern Asia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is shaped by unique local factors, including frequent natural disasters and stringent data protection regulations. Countries like Japan and Taiwan face seismic risks, prompting businesses to invest in robust recovery solutions to ensure operational continuity. Additionally, cultural emphasis on risk aversion drives organizations to prioritize data security. Regulatory frameworks, such as Japan's Act on the Protection of Personal Information, further compel companies to adopt comprehensive DRaaS solutions, influencing market dynamics significantly.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in Eastern Asia is influenced by several macroeconomic factors, including the region's economic stability, investment in technology infrastructure, and government initiatives supporting digital transformation. Strong economic growth in countries like South Korea and Taiwan fosters increased IT spending, enabling businesses to adopt advanced DRaaS solutions. Additionally, heightened awareness of cybersecurity threats and data breaches drives demand for robust recovery services. Fiscal policies that encourage innovation and cloud adoption further enhance market dynamics, while global economic uncertainties can impact investment decisions and overall market performance.

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.