Disaster Recovery as a Service - Estonia

Revenue in the Disaster Recovery as a Service is projected to reach US$6.19m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.74%, resulting in a market volume of US$14.61m 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 Estonia is experiencing significant growth, fueled by increasing data security concerns, the rise of remote work, and the demand for cost-effective recovery solutions among businesses.

Customer preferences: Businesses in Estonia are increasingly prioritizing robust disaster recovery solutions, reflecting a growing awareness of data security and operational resilience. The shift towards remote work has heightened the need for reliable backup systems, as companies seek to protect their data in a flexible work environment. Additionally, younger demographics, particularly tech-savvy professionals, are driving demand for intuitive and cost-effective DRaaS options that align with their digital-first lifestyle, further shaping the market landscape.

Trends in the market: In Estonia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud ecosystem is experiencing a notable shift towards automation and AI-driven solutions, enabling businesses to streamline recovery processes and minimize downtime. The increasing adoption of cloud-native applications is further propelling demand for scalable DRaaS offerings that can easily integrate with existing infrastructures. Additionally, regulatory pressures surrounding data protection are prompting organizations to invest in comprehensive recovery strategies. This evolving landscape presents significant opportunities for service providers to innovate and cater to the growing needs for resilience and data security among Estonian enterprises.

Local special circumstances: In Estonia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud ecosystem is shaped by the nation’s robust digital infrastructure and high internet penetration rates, fostering an environment ripe for cloud adoption. The country's unique geographical positioning, with its vulnerability to cyber threats, drives organizations to prioritize data security and resilience. Additionally, Estonia's stringent data protection regulations, such as the GDPR, compel businesses to adopt comprehensive DRaaS solutions that ensure compliance while minimizing potential risks, creating a dynamic and innovative market landscape.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Estonia is significantly influenced by macroeconomic factors such as the country’s strong economic growth, investment in digital technologies, and supportive fiscal policies. Estonia's commitment to digital innovation and its favorable business environment attract both local and international investments, enhancing the cloud services landscape. Furthermore, the global shift towards remote work and increased cybersecurity threats have heightened the demand for resilient IT solutions. As organizations prioritize business continuity and compliance with stringent data protection regulations, the DRaaS market is positioned for robust growth, reflecting broader trends in economic stability and technological advancement.

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.