Disaster Recovery as a Service - Philippines

Revenue in the Disaster Recovery as a Service is projected to reach US$67.11m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.91%, resulting in a market volume of US$188.20m 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 (DRaaS) market within the Public Cloud sector in the Philippines is witnessing significant growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the need for business continuity in a digital-first environment.

Customer preferences: Consumers in the Philippines are increasingly prioritizing robust disaster recovery solutions as they navigate a rapidly digitalizing landscape. This shift is driven by heightened concerns over data breaches and natural disasters, prompting businesses to seek reliable DRaaS options to ensure operational continuity. Furthermore, the rise of remote work and e-commerce has intensified the demand for scalable cloud solutions. Cultural emphasis on community resilience and family security further fuels interest in comprehensive disaster recovery strategies, reflecting a proactive approach to risk management.

Trends in the market: In the Philippines, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing significant growth as businesses increasingly adopt cloud-based solutions to enhance their resilience against disruptions. Organizations are prioritizing comprehensive backup and recovery services to mitigate risks associated with data breaches and natural disasters. This trend is further accelerated by the rising reliance on remote work and digital commerce, prompting stakeholders to invest in scalable, reliable DRaaS options. The emphasis on community resilience underscores the need for robust disaster recovery strategies, influencing service providers to innovate and tailor their offerings to meet evolving demands.

Local special circumstances: In the Philippines, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is shaped by the nation’s vulnerability to natural disasters, such as typhoons and earthquakes. This geographical risk drives businesses to seek reliable cloud solutions for rapid recovery and continuity. Additionally, the cultural emphasis on community and family resilience influences organizations to adopt collaborative DRaaS strategies. Regulatory frameworks, including data protection laws, further compel companies to prioritize robust backup and recovery systems, fostering innovation among service providers to address these unique challenges.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in the Philippines is significantly influenced by macroeconomic factors such as national economic stability, investment in IT infrastructure, and global economic trends. As the country continues to recover from economic disruptions, increased public and private sector spending on cloud technologies is observed, enhancing DRaaS adoption. Furthermore, the rising frequency of natural disasters prompts businesses to allocate more resources to disaster recovery solutions, thereby driving market growth. Additionally, favorable fiscal policies and government incentives aimed at promoting digital transformation bolster the DRaaS landscape, enabling organizations to enhance their resilience and operational continuity.

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.