Disaster Recovery as a Service - Northern Africa

  • Northern Africa
  • Revenue in the Disaster Recovery as a Service is projected to reach US$120.70m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.05%, resulting in a market volume of US$301.00m 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 Northern Africa is experiencing substantial growth, fueled by increasing reliance on cloud solutions, enhanced data security concerns, and the need for business continuity in the face of natural disasters.

Customer preferences:
In Northern Africa, organizations are increasingly prioritizing robust disaster recovery solutions, leading to a heightened demand for Disaster Recovery as a Service (DRaaS) within the Public Cloud market. Businesses are showing a preference for scalable, cost-effective solutions that align with their unique operational needs. Additionally, the growing awareness of data sovereignty and compliance regulations is driving organizations to seek localized cloud services. This trend reflects a cultural shift towards valuing resilience and proactive risk management in an unpredictable environment.

Trends in the market:
In Northern Africa, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is experiencing significant growth as organizations prioritize business continuity and data protection. Companies are increasingly adopting hybrid and multi-cloud strategies to enhance resilience and ensure rapid recovery from disruptions. The emphasis on regulatory compliance is fostering partnerships with local cloud providers, promoting data sovereignty. This shift not only strengthens organizational resilience but also encourages innovation in service offerings, presenting opportunities for technology vendors to develop tailored solutions that meet regional needs.

Local special circumstances:
In Northern Africa, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud is shaped by unique geographical and regulatory factors. The region's vulnerability to natural disasters, such as floods and earthquakes, drives organizations to prioritize data resilience and business continuity. Additionally, strict data protection regulations encourage companies to partner with local cloud providers to ensure compliance and data sovereignty. Cultural emphasis on community and collaboration fosters a demand for tailored solutions that address regional challenges, creating a dynamic environment for technology vendors and innovative service offerings.

Underlying macroeconomic factors:
The Disaster Recovery as a Service (DRaaS) market within the Public Cloud in Northern Africa is significantly influenced by macroeconomic factors such as regional economic stability, investment in IT infrastructure, and government policies promoting digital transformation. Economic growth in the region, coupled with increasing foreign direct investment, fosters a conducive environment for cloud services adoption. Additionally, national initiatives aimed at enhancing cybersecurity and data protection bolster consumer confidence, driving demand for DRaaS solutions. Global trends, including the rise in remote work and digitalization, further amplify the need for robust disaster recovery strategies, ensuring business continuity across various sectors.

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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