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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.