Disaster Recovery as a Service - Myanmar

Revenue in the Disaster Recovery as a Service is projected to reach US$9.68m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.57%, resulting in a market volume of US$26.78m 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 Myanmar is witnessing significant growth, fueled by the increasing reliance on cloud solutions, heightened data security concerns, and the need for business continuity amidst natural disasters and economic challenges.

Customer preferences: Consumers in Myanmar are increasingly prioritizing robust data protection and business continuity strategies, resulting in a rising demand for Disaster Recovery as a Service (DRaaS) solutions within the Public Cloud Market. As businesses face frequent natural disasters and economic uncertainties, organizations are seeking reliable cloud-based recovery options to safeguard their operations. Additionally, a growing awareness of data privacy and compliance issues is prompting companies to invest in DRaaS, reflecting a cultural shift towards valuing resilience and security in the digital landscape.

Trends in the market: In Myanmar, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market is experiencing significant growth as organizations increasingly recognize the need for effective data protection and business continuity strategies. The frequency of natural disasters and economic challenges is driving businesses to adopt cloud-based recovery solutions that ensure operational resilience. Furthermore, heightened awareness of data privacy and compliance is prompting investments in DRaaS, indicating a cultural shift towards prioritizing security. This trend holds strategic implications for industry stakeholders, as it underscores the necessity for innovative, reliable, and compliant cloud solutions to meet evolving customer demands.

Local special circumstances: In Myanmar, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market is significantly influenced by the country's geographical vulnerabilities, including frequent cyclones and flooding, which necessitate robust data protection measures. Additionally, the cultural emphasis on community resilience drives businesses to prioritize continuity planning. Regulatory developments, such as data localization laws, further shape the market, compelling organizations to invest in compliant cloud solutions that address both local risks and global data standards, enhancing overall operational security.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market in Myanmar is shaped by several macroeconomic factors, including national economic stability, foreign investment trends, and the increasing digitalization of businesses. As Myanmar's economy seeks to recover and grow, the push for cloud-based solutions intensifies, particularly in sectors vulnerable to natural disasters. Fiscal policies promoting technology adoption and infrastructure development further stimulate demand for DRaaS. Additionally, global economic trends, such as rising cybersecurity threats and the shift towards remote work, compel organizations to enhance their disaster recovery strategies, ensuring business continuity amidst uncertainties.

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.