Disaster Recovery as a Service - Guatemala

Revenue in the Disaster Recovery as a Service is projected to reach US$15.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.60%, resulting in a market volume of US$41.63m 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 Market within the Public Cloud Market in Guatemala is experiencing significant growth, fueled by increasing cloud adoption, heightened awareness of data security, and the need for reliable backup solutions amid rising cyber threats.

Customer preferences: Consumers in Guatemala are increasingly prioritizing robust data protection and recovery solutions, driving a surge in demand for Disaster Recovery as a Service (DRaaS) within the public cloud market. This trend is influenced by a growing awareness of the implications of data loss, particularly among small and medium-sized enterprises (SMEs) seeking to safeguard their operations. Additionally, the rise of remote work and digital entrepreneurship is prompting businesses to invest in reliable backup and disaster recovery strategies, reflecting a cultural shift towards resilience and preparedness in the face of potential cyber threats.

Trends in the market: In Guatemala, the Disaster Recovery as a Service (DRaaS) market is experiencing significant growth as businesses increasingly recognize the importance of data protection amid rising cyber threats. This trend is particularly pronounced among small and medium-sized enterprises (SMEs), which are prioritizing robust recovery solutions to ensure operational continuity. The shift towards remote work and digital entrepreneurship is further driving investments in DRaaS, highlighting a broader cultural emphasis on resilience and preparedness. As awareness of data loss implications grows, industry stakeholders must adapt to meet the evolving needs of businesses seeking reliable backup solutions.

Local special circumstances: In Guatemala, the Disaster Recovery as a Service (DRaaS) market is influenced by the country's vulnerability to natural disasters, such as earthquakes and hurricanes, which heightens the urgency for effective data protection solutions. Additionally, the cultural emphasis on community and resilience drives SMEs to prioritize continuity planning. Regulatory frameworks are also evolving, prompting businesses to adopt compliance measures that necessitate reliable backup systems. As digital transformation accelerates, the demand for DRaaS solutions is expected to increase, reflecting a growing awareness of the need for robust disaster recovery strategies.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Guatemala is shaped by several macroeconomic factors, including the increasing frequency of natural disasters, which heightens the need for effective data protection solutions. The national economic health, characterized by steady growth and rising digital adoption, fosters an environment conducive to cloud-based services. Fiscal policies promoting technology investments and public-private partnerships further support the market's expansion. Additionally, global trends in digital transformation and cybersecurity awareness are driving demand for DRaaS, as businesses recognize the importance of resilient infrastructure to safeguard their operations against unforeseen disruptions.

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.