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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
The Disaster Recovery as a Service market within the Public Cloud sector in GCC is witnessing elevated growth, fueled by increasing data security concerns, regulatory compliance demands, and the rising need for business continuity solutions among organizations.
Customer preferences: Organizations in the GCC are increasingly prioritizing comprehensive disaster recovery solutions, reflecting a shift towards proactive risk management and resilience in the face of potential disruptions. As businesses expand their digital footprints, there is a growing demand for scalable and flexible recovery options that align with local regulatory frameworks. Furthermore, the rising awareness of data sovereignty and protection laws is prompting companies to seek tailored DRaaS offerings that cater to specific cultural and operational needs, ensuring business continuity in an evolving landscape.
Trends in the market: In the GCC, the Disaster Recovery as a Service (DRaaS) market is experiencing a significant uptick, driven by organizations' increasing focus on business continuity amid rising cyber threats and natural disasters. Companies are increasingly adopting cloud-based solutions to ensure rapid recovery and minimize downtime. Additionally, the emphasis on compliance with local regulations is pushing service providers to offer customized DRaaS solutions that cater to regional legal requirements. This trend not only enhances resilience but also fosters a competitive landscape, compelling industry stakeholders to innovate and align their offerings with the evolving needs of businesses in the region.
Local special circumstances: In the GCC, the Disaster Recovery as a Service (DRaaS) market is gaining momentum, influenced by the region's vulnerability to natural disasters like sandstorms and flooding, alongside geopolitical tensions. Cultural attitudes towards business continuity and risk management are evolving, prompting organizations to prioritize robust recovery solutions. Additionally, stringent regulatory frameworks, such as data sovereignty laws, drive local providers to tailor DRaaS offerings, ensuring compliance and fostering trust among businesses. This unique blend of factors enhances resilience and encourages innovation within the market.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in the GCC is significantly shaped by macroeconomic factors including global economic trends, national economic health, and fiscal policies. The region's economic diversification efforts, particularly away from oil dependency, have led to increased investments in technology and cloud services. Additionally, government initiatives promoting digital transformation and infrastructure development bolster demand for DRaaS solutions. The growing emphasis on compliance with data protection regulations and the need for enhanced business resilience against disruptions further drive market growth. As organizations seek to safeguard their operations, the alignment of fiscal policies with innovation fosters a supportive environment for DRaaS adoption.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.+44 (0)20 8189 7000
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