Disaster Recovery as a Service - EU-27

EU-27

Revenue in the Disaster Recovery as a Service is projected to reach US$2.70bn in 2024.
0 dominates the market with a projected market volume of 0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.20%, resulting in a market volume of US$5.97bn 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 Market in EU-27 is witnessing elevated growth, fueled by increased data security needs, regulatory compliance pressures, and the rising demand for cost-effective, scalable recovery solutions.

Customer preferences: Organizations in the EU-27 are increasingly prioritizing robust Disaster Recovery as a Service (DRaaS) solutions, reflecting a cultural shift towards proactive risk management and data resilience. This trend is driven by heightened awareness of data vulnerabilities, particularly among tech-savvy younger professionals who value seamless recovery processes. Additionally, as remote work becomes more entrenched, businesses are seeking flexible and scalable DRaaS options that align with their evolving operational needs, ensuring continuity in an unpredictable environment.

Trends in the market: In the EU-27, the Disaster Recovery as a Service (DRaaS) market is experiencing significant growth as organizations recognize the critical importance of data resilience. This trend is marked by an increased adoption of cloud-based solutions that offer scalable and flexible recovery options, driven by the rise of remote work and the need for business continuity in uncertain times. Furthermore, regulatory compliance and data protection laws are pushing companies to invest in robust DRaaS solutions. The implications for industry stakeholders include a heightened demand for innovative recovery technologies and strategic partnerships to enhance service offerings.

Local special circumstances: In the EU-27, the Disaster Recovery as a Service (DRaaS) market is shaped by a diverse regulatory landscape that varies significantly across member states, influencing data protection and recovery standards. Countries like Germany and France emphasize stringent compliance with GDPR, prompting organizations to seek DRaaS solutions that ensure legal adherence. Additionally, geographical risks, such as flooding in the Netherlands or wildfires in southern Europe, drive localized demand for tailored recovery strategies. Cultural attitudes towards data security further enhance the market's growth, as European businesses prioritize resilience and trust in their cloud service providers.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the EU-27 is significantly influenced by macroeconomic factors such as economic stability, investment in technology, and evolving regulatory frameworks. Strong national economies, particularly in Germany and France, foster greater IT spending, enabling organizations to invest in robust DRaaS solutions. Furthermore, fiscal policies that support digital transformation initiatives enhance market growth. The ongoing global shift towards remote work and cloud adoption accelerates demand for resilient recovery options. Additionally, the increasing frequency of natural disasters in Europe heightens awareness of the need for effective disaster recovery strategies, further propelling market expansion.

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.