Disaster Recovery as a Service - Morocco

  • Morocco
  • Revenue in the Disaster Recovery as a Service is projected to reach US$21.69m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.56%, resulting in a market volume of US$52.99m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$4,096.00m in 2024).
 
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Analyst Opinion

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.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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