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 Morocco is witnessing significant growth, fueled by the increasing need for data protection, rising cyber threats, and the demand for cost-effective recovery solutions among businesses.
Customer preferences: Businesses in Morocco are increasingly prioritizing robust disaster recovery strategies, reflecting a growing awareness of the importance of data security and resilience. This shift is driven by a younger, tech-savvy workforce that values seamless operations and minimal downtime, prompting organizations to adopt DRaaS solutions. Additionally, the rising adoption of digital transformation initiatives across various sectors highlights the need for reliable recovery options, as companies seek to safeguard their assets against potential cyber threats and operational disruptions.
Trends in the market: In Morocco, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing significant growth as businesses increasingly recognize the necessity of data resilience. This trend is largely fueled by a tech-savvy workforce that demands uninterrupted services and fast recovery solutions. Moreover, the surge in digital transformation initiatives across various industries underscores the critical need for effective disaster recovery strategies. As organizations proactively safeguard their data against cyber threats and operational interruptions, industry stakeholders must adapt to evolving expectations and invest in innovative DRaaS solutions to remain competitive.
Local special circumstances: In Morocco, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is influenced by several unique local factors. The country's geographical vulnerability to natural disasters, such as earthquakes and floods, heightens the urgency for robust data protection strategies. Additionally, Morocco's growing emphasis on digital transformation, spurred by government initiatives promoting IT infrastructure, enhances demand for DRaaS. Culturally, businesses are increasingly aware of the importance of data resilience, driven by a young, tech-savvy workforce that prioritizes rapid recovery solutions amid evolving cyber threats.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within Morocco's public cloud sector is shaped by macroeconomic factors such as national economic stability, investment in technology infrastructure, and evolving fiscal policies. As Morocco continues to modernize its economy, government initiatives aimed at enhancing IT capabilities are fostering a conducive environment for DRaaS adoption. Furthermore, global economic trends, including the rise of remote work and increasing cyber threats, elevate the importance of data protection solutions. The overall health of the Moroccan economy, characterized by growth in key sectors, further incentivizes businesses to invest in robust disaster recovery strategies, ensuring resilience and continuity.
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.