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 sector in MENA is witnessing elevated growth, fueled by increasing cyber threats, the need for business continuity, and heightened investments in cloud infrastructure by organizations.
Customer preferences: Organizations in the MENA region are increasingly prioritizing robust disaster recovery solutions, reflecting a growing awareness of the importance of data protection and business resilience. This shift is driven by a rising number of cyber threats and the need for seamless operations during disruptions. Additionally, businesses are favoring integrated cloud solutions that offer scalability and flexibility, aligning with the region's rapid digital transformation. The emphasis on local data sovereignty is also influencing preferences, as organizations seek DRaaS options that comply with regional regulations and cultural considerations.
Trends in the market: In the MENA region, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is experiencing a significant shift towards comprehensive, integrated solutions. Organizations are increasingly adopting DRaaS to enhance data protection and ensure business continuity amid rising cyber threats and operational disruptions. This trend emphasizes the need for scalable and flexible cloud solutions that align with the region's digital transformation. Furthermore, local data sovereignty concerns are shaping preferences for DRaaS offerings that comply with regional regulations, highlighting the importance of tailored solutions for industry stakeholders.
Local special circumstances: In the MENA region, the Disaster Recovery as a Service (DRaaS) market is shaped by unique factors such as geopolitical instability and a diverse regulatory landscape. Countries in this region face frequent disruptions from natural disasters and political unrest, driving the demand for robust business continuity solutions. Additionally, cultural emphasis on data privacy and local data residency laws compel organizations to seek DRaaS providers that ensure compliance. This landscape fosters partnerships with local vendors, enhancing service customization and alignment with regional needs.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in the MENA region is significantly influenced by macroeconomic factors such as regional economic stability, investment in cloud infrastructure, and the growing emphasis on digital transformation. Countries experiencing economic growth and increased IT spending are more likely to adopt DRaaS solutions to enhance business resilience. Furthermore, fluctuations in oil prices can impact national budgets, affecting public and private sector investments in disaster recovery. Additionally, the rise of remote work and digital services has heightened the need for robust recovery solutions, driving demand in the public cloud market amidst ongoing geopolitical challenges.
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.