Disaster Recovery as a Service - Kuwait

Revenue in the Disaster Recovery as a Service is projected to reach US$22.83m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.34%, resulting in a market volume of US$48.65m 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 (DRaaS) market within the Public Cloud sector in Kuwait is witnessing substantial growth, fueled by increased awareness of data security, rising demand for business continuity solutions, and the shift towards cloud-based infrastructures.

Customer preferences: In Kuwait, businesses are increasingly prioritizing robust disaster recovery solutions to safeguard their data and ensure operational continuity. This trend is driven by a growing awareness of cyber threats and the cultural emphasis on resilience in the face of challenges. Additionally, the rise of remote work and digital transformation has led organizations to seek flexible, scalable DRaaS options that align with their evolving IT strategies. As companies embrace cloud technologies, the demand for tailored disaster recovery plans that address specific sector needs is also on the rise.

Trends in the market: In Kuwait, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing a significant shift towards integrated, automated solutions that enhance business resilience. Organizations are increasingly adopting DRaaS to mitigate risks associated with data loss and operational disruptions, driven by heightened cyber threats and the need for compliance with regulatory standards. This trend is underscored by a growing emphasis on business continuity planning, as companies seek solutions that offer seamless recovery processes. The implications for industry stakeholders include the need for innovative service offerings and strategic partnerships to meet the evolving demands of a diverse client base.

Local special circumstances: In Kuwait, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is influenced by unique geographical and cultural factors. The country's location in a region prone to geopolitical tensions and natural disasters heightens the urgency for robust disaster recovery solutions. Additionally, Kuwait's regulatory framework emphasizes data protection and compliance, prompting businesses to adopt DRaaS for risk mitigation. The local culture, which values stability and continuity in business operations, further drives the demand for integrated, automated DRaaS solutions that ensure swift recovery and minimal downtime.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Kuwait is shaped by several macroeconomic factors, including the nation’s economic stability, investment in technology infrastructure, and regulatory developments. Kuwait's ongoing efforts to diversify its economy beyond oil dependency have led to increased public and private sector investments in cloud technology, enhancing the demand for DRaaS solutions. Furthermore, the government’s fiscal policies promoting digital transformation and data protection compliance are pivotal in driving market growth. Global economic trends, such as the rising need for remote work solutions and business continuity planning, also significantly influence local demand for comprehensive DRaaS offerings, ensuring businesses can recover swiftly from 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.