Disaster Recovery as a Service - Ireland

Revenue in the Disaster Recovery as a Service is projected to reach US$80.27m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.16%, resulting in a market volume of US$184.90m 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 Ireland is witnessing elevated growth, fueled by increasing reliance on cloud solutions, heightened data security concerns, and the need for business continuity amid evolving digital threats.

Customer preferences: Organizations in Ireland are increasingly prioritizing robust disaster recovery solutions, reflecting a growing awareness of data protection and business resilience. The rise of remote work has led companies to seek flexible DRaaS options that ensure quick recovery from disruptions, aligning with the demand for seamless operations. Furthermore, the cultural emphasis on innovation and technology adoption is driving enterprises to favor scalable cloud solutions, as they recognize the importance of safeguarding critical data in an ever-evolving digital landscape.

Trends in the market: In Ireland, the Disaster Recovery as a Service (DRaaS) market is experiencing a significant shift towards cloud-based solutions, as organizations prioritize data protection and business continuity amid increasing cyber threats. The trend of remote work has intensified the demand for flexible and scalable DRaaS options, enabling quick recovery from disruptions. Additionally, businesses are investing in automated recovery strategies to minimize downtime and enhance operational resilience. This evolution underscores the necessity for industry stakeholders to adopt innovative cloud technologies, fostering a more robust and adaptive approach to disaster recovery in an ever-changing digital landscape.

Local special circumstances: In Ireland, the Disaster Recovery as a Service (DRaaS) market is shaped by the country's unique mix of geographical vulnerability to extreme weather and a strong regulatory environment focused on data protection. The rise of stringent GDPR compliance mandates has heightened awareness around data security, prompting organizations to adopt DRaaS solutions to safeguard sensitive information. Furthermore, Ireland's thriving tech ecosystem fosters innovation, encouraging local businesses to seek agile cloud-based recovery options. This combination of local factors drives a robust demand for resilient disaster recovery strategies tailored to the specific needs of Irish enterprises.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Ireland is significantly influenced by macroeconomic factors such as economic stability, investment in technology, and regulatory frameworks. A strong national economy, bolstered by foreign direct investment, enhances the capacity of organizations to allocate budgets for robust DRaaS solutions. Additionally, Ireland's commitment to maintaining high data protection standards, particularly under GDPR, fosters a climate of compliance-driven investment in cloud-based recovery services. Global economic trends, such as increasing cyber threats and climate change, further underscore the necessity for resilient DRaaS strategies, pushing Irish enterprises to prioritize their disaster recovery planning.

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.