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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
The Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market in Malaysia is witnessing significant growth, fueled by increased awareness of data security, the need for business continuity, and the rising adoption of cloud solutions among enterprises.
Customer preferences: Consumers in Malaysia are increasingly prioritizing robust disaster recovery solutions, driven by heightened awareness of data vulnerabilities and the imperative for business resilience. This trend is particularly evident among SMEs, which are recognizing the importance of safeguarding their operations against unexpected disruptions. Additionally, the shift towards remote work and digital transformation has accelerated the demand for DRaaS, as businesses seek to ensure seamless continuity and quick recovery in an evolving digital landscape, reflecting a broader cultural shift towards proactive risk management.
Trends in the market: In Malaysia, the Disaster Recovery as a Service (DRaaS) market is experiencing significant growth as organizations increasingly recognize the critical need for business continuity solutions. Many companies, particularly small and medium-sized enterprises (SMEs), are adopting cloud-based DRaaS to protect against data loss and operational disruptions. The rising frequency of natural disasters and cyber threats is amplifying this trend, prompting businesses to invest in comprehensive recovery strategies. Additionally, as remote work becomes the norm, the demand for scalable and flexible DRaaS solutions is expected to rise, influencing service providers to innovate and enhance their offerings to meet evolving customer needs.
Local special circumstances: In Malaysia, the Disaster Recovery as a Service (DRaaS) market is shaped by the country's unique geographical and cultural factors. With its diverse landscape prone to natural disasters like floods and landslides, organizations are increasingly prioritizing business continuity plans. Additionally, Malaysia's multicultural workforce fosters a collaborative approach to technology adoption, driving demand for DRaaS solutions that cater to varied needs. Regulatory frameworks supporting data protection and cloud computing further enhance market growth, encouraging businesses to invest in robust disaster recovery strategies that align with local compliance requirements.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Malaysia is significantly influenced by macroeconomic factors such as the nation's economic stability, technological advancements, and evolving regulatory frameworks. A robust national economy, supported by government initiatives to enhance digital infrastructure, fosters investment in cloud-based solutions. Additionally, the global shift towards remote work and digital transformation drives demand for reliable DRaaS offerings. Regulatory support for data protection and cybersecurity further compels organizations to adopt comprehensive disaster recovery plans, ensuring compliance while safeguarding business continuity amid potential disruptions from natural disasters.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Mon - Fri, 9:30am - 5pm (GMT)
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