Disaster Recovery as a Service - Malawi

Revenue in the Disaster Recovery as a Service is projected to reach US$1.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.06%, resulting in a market volume of US$3.67m 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 Malawi is experiencing subdued growth, influenced by factors such as limited internet infrastructure, low awareness of cloud solutions, and budget constraints among businesses.

Customer preferences: Consumers in Malawi are increasingly recognizing the importance of data protection and business continuity, leading to a gradual shift towards adopting Disaster Recovery as a Service (DRaaS) solutions. As businesses expand their digital footprints, there is a growing demand for reliable backup and recovery options to safeguard against data loss. Additionally, the rise of mobile technology is facilitating greater access to cloud services, prompting more organizations to explore DRaaS as a cost-effective solution. This trend reflects a cultural shift towards valuing resilience and preparedness in an evolving digital landscape.

Trends in the market: In Malawi, the Disaster Recovery as a Service (DRaaS) market is experiencing a notable surge, as organizations increasingly prioritize data protection and business continuity. With a growing emphasis on digital transformation, businesses are seeking robust DRaaS solutions to mitigate risks associated with data loss. The expansion of mobile technology is enhancing accessibility to cloud services, driving more enterprises to adopt DRaaS as a cost-effective safeguard. This shift underscores a cultural transition towards resilience, compelling industry stakeholders to innovate and adapt their offerings to meet evolving customer needs.

Local special circumstances: In Malawi, the Disaster Recovery as a Service (DRaaS) market is shaped by unique local factors, including its vulnerability to natural disasters like floods and droughts, which heightens the need for robust data protection solutions. The cultural emphasis on community resilience drives organizations to invest in DRaaS to ensure continuity during crises. Additionally, regulatory frameworks promoting data protection and cybersecurity are emerging, further encouraging businesses to adopt cloud-based solutions. This convergence of local challenges and cultural values fosters a distinctive market environment that prioritizes innovative disaster recovery strategies.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Malawi is significantly influenced by macroeconomic factors such as economic stability, investment in technology infrastructure, and government fiscal policies. The national economy's growth, characterized by GDP fluctuations and inflation rates, affects businesses' capacity to invest in cloud services. Furthermore, global economic trends, including increased digital transformation and remote work, drive demand for DRaaS solutions. As Malawi's regulatory landscape evolves to support data protection, organizations are encouraged to adopt cloud-based recovery strategies, enhancing resilience against natural disasters while aligning with international best practices.

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.