Disaster Recovery as a Service - Romania

Revenue in the Disaster Recovery as a Service is projected to reach US$52.65m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.73%, resulting in a market volume of US$129.60m 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 Market in Romania is experiencing significant growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the need for business continuity in the face of rising cyber threats.

Customer preferences: Businesses in Romania are increasingly prioritizing robust disaster recovery solutions to safeguard their data and ensure continuity amidst rising cyber threats. This shift is driven by a growing awareness of the importance of data security and compliance with regulations. Moreover, the adoption of remote work and digital transformation initiatives has led organizations to seek flexible DRaaS options that cater to their specific needs. As companies embrace cloud technology, there is a heightened demand for integrated solutions that offer seamless scalability and proactive risk management.

Trends in the market: In Romania, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth as businesses increasingly recognize the critical need for effective data protection strategies. The trend is characterized by a shift towards comprehensive cloud-based solutions that offer enhanced flexibility and scalability to accommodate diverse organizational needs. This evolution is underscored by heightened concerns over cyber threats and regulatory compliance, prompting companies to invest in integrated DRaaS options. As organizations embrace digital transformation, the demand for proactive risk management and seamless recovery processes continues to rise, shaping a more resilient business landscape.

Local special circumstances: In Romania, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is influenced by the country's unique geographical and regulatory landscape. The presence of diverse natural hazards, such as earthquakes and floods, has heightened awareness of disaster preparedness among businesses. Additionally, Romania's alignment with EU regulations on data protection and privacy necessitates robust compliance measures, driving demand for reliable DRaaS solutions. Cultural factors, including a growing emphasis on digital transformation and innovation, further propel organizations to adopt cloud-based recovery strategies, fostering a resilient business environment.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Romania is significantly influenced by macroeconomic factors such as economic stability, investment in technology, and regulatory frameworks. Romania's steady economic growth, bolstered by EU funding and investment, creates a conducive environment for businesses to adopt cloud-based solutions. Additionally, fiscal policies promoting digital transformation encourage organizations to enhance their IT resilience. Global trends, such as the increasing frequency of cyber threats and natural disasters, further emphasize the necessity for robust DRaaS solutions, driving market demand and innovation within the public cloud sector.

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.