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The Disaster Recovery as a Service market within the Public Cloud market in Portugal is witnessing elevated growth, fueled by increasing data security concerns, the need for business continuity, and the adoption of cloud-based solutions by organizations across various sectors.
Customer preferences: Organizations in Portugal are increasingly prioritizing robust disaster recovery solutions, reflecting a growing awareness of the importance of data protection and business resilience. This shift is influenced by a younger workforce that values flexibility and rapid response to disruptions, driving demand for scalable cloud-based recovery options. Additionally, sectors like finance and healthcare are adopting these services to comply with stringent regulations, highlighting a cultural emphasis on security and reliability in an evolving digital landscape.
Trends in the market: In Portugal, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth, driven by organizations prioritizing data protection and business continuity. As businesses increasingly adopt cloud solutions, there is a notable shift towards automated recovery processes that enhance resilience against disruptions. Moreover, sectors such as finance and healthcare are leading the charge, compelled by regulatory demands for data security. This trend underscores the importance of reliable recovery options, positioning cloud providers as essential partners in fostering organizational agility and compliance in a rapidly evolving digital landscape.
Local special circumstances: In Portugal, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is uniquely influenced by the country's geographic vulnerabilities, such as its susceptibility to wildfires and flooding. These environmental factors heighten the urgency for robust disaster recovery solutions among businesses. Additionally, Portugal's strong regulatory framework, particularly in sectors like finance and healthcare, mandates stringent data protection measures, further propelling the demand for DRaaS. The cultural emphasis on resilience and innovation fosters a collaborative environment, encouraging local cloud providers to develop tailored solutions that address specific regional challenges.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Portugal is significantly shaped by macroeconomic factors such as the overall economic climate, public investment in technology, and regulatory frameworks. The country's stable economic growth, bolstered by EU funding, enhances the capacity of businesses to invest in robust cloud solutions. Additionally, fiscal policies promoting digital transformation and resilience in the face of climate change drive demand for DRaaS. As businesses increasingly recognize the importance of safeguarding data against environmental risks, the market is positioned for growth, particularly in sectors with strict compliance requirements.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)