Disaster Recovery as a Service - Kenya

  • Kenya
  • Revenue in the Disaster Recovery as a Service is projected to reach US$14.80m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.11%, resulting in a market volume of US$38.56m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$4,096.00m in 2024).
 
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Analyst Opinion

The Disaster Recovery as a Service market within the Public Cloud Market in Kenya is witnessing considerable growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the need for business continuity amid rising cyber threats.

Customer preferences:
In Kenya, there is a growing preference for Disaster Recovery as a Service (DRaaS) solutions, driven by businesses' increasing recognition of the importance of data protection and continuity planning. Organizations are prioritizing cloud-based recovery options to mitigate risks associated with natural disasters and cyber threats. Additionally, the rise of remote work culture has led to a demand for scalable and flexible recovery solutions that can adapt to diverse operational needs, reflecting a shift towards more resilient business practices in a dynamic environment.

Trends in the market:
In Kenya, the Disaster Recovery as a Service (DRaaS) market is experiencing a significant shift towards enhanced data protection strategies, as businesses increasingly adopt cloud-based solutions for continuity planning. This trend is fueled by a heightened awareness of cybersecurity threats and the impacts of climate-related disasters. Organizations are now seeking scalable and flexible DRaaS options that cater to remote work dynamics, enabling seamless recovery processes. As this market evolves, stakeholders, including cloud service providers and enterprises, must prioritize innovation and resilience to remain competitive and safeguard operational integrity.

Local special circumstances:
In Kenya, the Disaster Recovery as a Service (DRaaS) market is shaped by the country's unique geographical and socio-economic landscape. Frequent climate-related events, such as droughts and floods, heighten the urgency for robust disaster recovery solutions among businesses. Additionally, the cultural emphasis on community resilience drives organizations to adopt collaborative cloud-based strategies. Regulatory frameworks, including data protection laws, further influence the adoption of DRaaS, compelling firms to prioritize compliance while ensuring operational continuity in an increasingly digital economy.

Underlying macroeconomic factors:
The Disaster Recovery as a Service (DRaaS) market in Kenya is significantly influenced by macroeconomic factors such as national economic stability, foreign investment, and fiscal policies. The Kenyan economy's growth trajectory, bolstered by investments in technology and infrastructure, enhances the adoption of cloud-based solutions. Additionally, the global shift towards digital transformation and the increasing frequency of climate-related disasters drive organizations to seek reliable recovery options. Favorable government policies promoting digital innovation, coupled with the need for compliance with data protection regulations, further propel the demand for DRaaS, ensuring business continuity in a dynamic economic landscape.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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