Disaster Recovery as a Service - Ghana

Revenue in the Disaster Recovery as a Service is projected to reach US$10.71m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.54%, resulting in a market volume of US$26.14m 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 Ghana is witnessing substantial growth, fueled by increasing awareness of data security, rising cyber threats, and the need for business continuity among organizations.

Customer preferences: Organizations in Ghana are increasingly prioritizing robust disaster recovery solutions to safeguard their data and ensure operational continuity, reflecting a growing understanding of the complexities of digital transformation. As businesses expand and diversify, there is a heightened demand for scalable DRaaS options that align with local regulations and cultural practices. Additionally, the rise of remote work and the digital economy has led to a preference for cloud-based services that offer flexibility and rapid recovery, underscoring the need for resilient infrastructure in an evolving business landscape.

Trends in the market: In Ghana, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing a significant shift as organizations increasingly adopt cloud-based solutions for data protection and business continuity. This trend is driven by the need for scalable and compliant recovery options that cater to local regulations. The rise of remote work has further accelerated the demand for flexible DRaaS offerings, enabling rapid recovery in the face of disruptions. Industry stakeholders must adapt to this evolving landscape, emphasizing resilience and innovation to meet the growing expectations of businesses seeking reliable disaster recovery solutions.

Local special circumstances: In Ghana, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is influenced by a combination of geographical and regulatory factors. The country’s vulnerability to environmental hazards like floods and droughts underscores the need for robust disaster recovery solutions. Additionally, local regulations emphasize data protection and compliance, pushing organizations to seek scalable DRaaS options that align with these mandates. The cultural shift towards digital transformation, spurred by remote work trends, further enhances the demand for innovative and flexible recovery strategies, driving growth in the market.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in Ghana is shaped by several macroeconomic factors, including national economic stability, foreign investment, and technological advancements. As Ghana's economy continues to show resilience and growth, increased public and private sector spending on IT infrastructure enhances the adoption of DRaaS solutions. Furthermore, global trends towards digitalization and cloud computing, coupled with local incentives for technology investments, bolster market growth. The ongoing emphasis on compliance with international data protection standards also drives organizations to prioritize scalable disaster recovery options, ensuring operational continuity amidst economic fluctuations.

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.