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 (DRaaS) market within the Public Cloud market in Germany is experiencing elevated growth, fueled by increasing cyber threats, the need for business continuity, and the rising adoption of cloud solutions among organizations seeking resilience.
Customer preferences: Organizations in Germany are increasingly prioritizing robust data protection strategies, driving a surge in demand for Disaster Recovery as a Service (DRaaS) solutions. This trend reflects a heightened awareness of cybersecurity risks and the critical need for business continuity. Additionally, as remote work becomes more prevalent, companies are seeking flexible and scalable cloud solutions to ensure operational resilience. The growing emphasis on sustainability is also influencing firms to adopt eco-friendly cloud services, aligning disaster recovery efforts with broader corporate responsibility goals.
Trends in the market: In Germany, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing significant growth as organizations prioritize comprehensive data protection strategies. This trajectory is driven by increasing cybersecurity threats and a pressing need for business continuity amidst rising remote work trends. Moreover, companies are adopting scalable cloud solutions to enhance operational resilience. The emphasis on sustainability is also shaping DRaaS offerings, prompting providers to align their services with eco-friendly practices, which could redefine corporate responsibility standards and influence competitive dynamics in the industry.
Local special circumstances: In Germany, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is influenced by stringent data protection regulations, such as the GDPR, which mandate robust data security measures. Additionally, the country's emphasis on environmental sustainability drives organizations to seek eco-friendly DRaaS solutions, aligning with broader corporate responsibility goals. Geographically, Germany's central location in Europe facilitates cross-border data management, while a strong industrial base necessitates effective disaster recovery strategies, shaping the competitive landscape of the market.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Germany is significantly influenced by macroeconomic factors such as the overall economic stability, investment in IT infrastructure, and regulatory compliance costs. A robust national economy fosters increased IT spending, enabling businesses to adopt advanced DRaaS solutions to mitigate risks. Additionally, global economic trends, including supply chain disruptions and shifting operational models due to the pandemic, have heightened awareness of disaster recovery needs. Favorable fiscal policies supporting technological innovation and sustainability initiatives further drive organizations to integrate eco-friendly DRaaS options, aligning with both market demands and corporate social responsibility objectives.
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.