The Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market in Jordan is witnessing elevated growth, fueled by increasing demand for data protection, rising cybersecurity threats, and the growing trend of remote work solutions among businesses.
Customer preferences: Consumers in Jordan are increasingly prioritizing data security and business continuity, reflecting a heightened awareness of cybersecurity threats and the importance of safeguarding sensitive information. This shift is particularly prominent among small to medium-sized enterprises (SMEs) that are adopting Disaster Recovery as a Service (DRaaS) solutions to ensure resilience in the face of potential disruptions. Additionally, the rise of remote work has led organizations to seek scalable cloud-based solutions, further driving demand for effective disaster recovery strategies that align with evolving business needs and cultural adaptation to digital transformation.
Trends in the market: In Jordan, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth, driven by an increased focus on data security and business continuity among organizations. Small to medium-sized enterprises (SMEs) are particularly adopting DRaaS solutions to mitigate risks associated with cybersecurity threats and operational disruptions. The rise of remote work is further propelling demand for scalable, cloud-based recovery strategies. This trend underscores a cultural shift towards digital transformation, compelling industry stakeholders to enhance their service offerings, invest in robust infrastructure, and prioritize customer education on disaster recovery solutions.
Local special circumstances: In Jordan, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is shaped by unique local factors, including the country's geographical vulnerability to natural disasters and regional conflicts. These circumstances heighten the urgency for robust data protection solutions among organizations. Additionally, Jordan's regulatory framework encourages data sovereignty, compelling businesses to adopt local cloud services. Culturally, there is a growing recognition of the importance of digital resilience, leading to increased investment in DRaaS among both public and private sectors, enhancing overall market dynamics.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Jordan is significantly influenced by macroeconomic factors such as the overall economic stability, investment in technology infrastructure, and government fiscal policies. The national economic health, characterized by GDP growth and inflation rates, impacts organizations' budgets for IT solutions, including DRaaS. Furthermore, global economic trends, such as the rise of remote work and digital transformation, amplify the demand for robust data protection services. Regulatory incentives promoting local cloud adoption also play a crucial role, fostering a competitive landscape that encourages investment in DRaaS. As organizations prioritize resilience against potential disruptions, the market is expected to thrive amidst these macroeconomic conditions.
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.
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