Disaster Recovery as a Service - Laos

Revenue in the Disaster Recovery as a Service is projected to reach US$2.16m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.10%, resulting in a market volume of US$5.40m 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.

For more information on the data displayed, use the info button right next to the boxes.

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 Laos is witnessing substantial growth, fueled by increased awareness of data security, the rising need for business continuity, and the adoption of cloud-based solutions by local enterprises.

Customer preferences: In Laos, there is a notable shift towards prioritizing data resilience and security, as organizations increasingly recognize the importance of protecting their digital assets. This trend is influenced by a growing entrepreneurial spirit among the youth, who are more tech-savvy and aware of global best practices. Additionally, the rise of remote work has heightened the demand for reliable Disaster Recovery as a Service (DRaaS) solutions, enabling businesses to maintain operations seamlessly during disruptions. Local enterprises are now more inclined to embrace cloud-based services, reflecting a cultural shift towards innovation and digital transformation.

Trends in the market: In Laos, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth as organizations prioritize data resilience and security. This trend is largely driven by the increasing adoption of cloud-based solutions, enabling businesses to ensure continuity during disruptions. The entrepreneurial youth are pushing for innovative approaches to disaster recovery, fostering a tech-savvy environment. As remote work becomes more prevalent, the demand for reliable DRaaS solutions is surging, compelling industry stakeholders to enhance service offerings and invest in robust infrastructure to meet evolving customer needs.

Local special circumstances: In Laos, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is uniquely influenced by the country's susceptibility to natural disasters, such as floods and earthquakes, which heightens the urgency for robust data protection solutions. The cultural emphasis on community resilience fosters a collaborative approach to disaster recovery, encouraging local businesses to invest in shared cloud infrastructures. Additionally, regulatory frameworks promoting data sovereignty compel organizations to adopt DRaaS solutions that comply with national laws, further shaping market dynamics and innovation.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Laos is significantly shaped by macroeconomic factors such as economic stability, foreign investment, and infrastructure development. As Laos continues to integrate into the global economy, increased foreign direct investment bolsters the public cloud sector, enhancing the availability of DRaaS solutions. Moreover, government initiatives aimed at digital transformation and improving disaster resilience play a crucial role in market growth. Economic fluctuations, such as inflation or currency volatility, can affect budgets for IT infrastructure, influencing organizations' ability to invest in reliable disaster recovery solutions. Additionally, the rising importance of data protection in the face of global cyber threats further drives demand for robust DRaaS offerings.

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.