The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in Greece is witnessing elevated growth, fueled by increasing cybersecurity threats, the need for business continuity, and greater awareness of cloud-based solutions among enterprises.
Customer preferences: Organizations in Greece are increasingly prioritizing robust disaster recovery solutions, driven by a heightened awareness of the importance of data protection and business continuity. This shift is influenced by cultural values emphasizing resilience and adaptability in the face of challenges. Additionally, younger demographics, who are more tech-savvy and reliant on cloud services, are advocating for innovative DRaaS options that align with their digital-first lifestyles. As remote work becomes commonplace, the demand for seamless recovery solutions is further amplified, reshaping the market landscape.
Trends in the market: In Greece, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing a significant shift toward more integrated and automated recovery solutions. Organizations are increasingly investing in cloud-based DRaaS offerings to enhance their data protection strategies and ensure business continuity. This trend is propelled by a greater emphasis on regulatory compliance and risk management, as well as the need for rapid recovery from potential disruptions. As businesses adapt to remote work environments, the demand for scalable and flexible recovery options is likely to grow, prompting cloud service providers to innovate and expand their offerings. This evolution presents both opportunities and challenges for industry stakeholders, necessitating a focus on collaboration and customer-centric solutions.
Local special circumstances: In Greece, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is shaped by the country’s unique geographical vulnerabilities, such as susceptibility to natural disasters like wildfires and earthquakes. This reality drives organizations to prioritize robust disaster recovery strategies. Additionally, Greece's regulatory landscape, particularly in relation to data protection laws, compels businesses to adopt compliant cloud solutions. Culturally, there's a strong emphasis on family-run enterprises, which often require tailored DRaaS solutions to ensure continuity, thus influencing market dynamics and service offerings.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within Greece's Public Cloud sector is significantly influenced by macroeconomic factors such as national economic stability, investment in technology, and fiscal policies aimed at enhancing digital infrastructure. As Greece continues to recover from economic challenges, increased government support for digital transformation initiatives is fostering a more favorable environment for cloud services. Additionally, global trends in cybersecurity and data protection are pushing organizations to invest in DRaaS solutions. The rising costs associated with data breaches and natural disasters further incentivize businesses to prioritize robust disaster recovery strategies, thus shaping market dynamics.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
