Disaster Recovery as a Service - Saudi Arabia

Revenue in the Disaster Recovery as a Service is projected to reach US$157.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.22%, resulting in a market volume of US$379.10m 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 market within the Public Cloud Market in Saudi Arabia is witnessing elevated growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the need for business continuity amid evolving threats.

Customer preferences: Consumers in Saudi Arabia are increasingly prioritizing robust data protection and business continuity solutions, driving demand for Disaster Recovery as a Service (DRaaS) within the Public Cloud Market. This trend is influenced by a growing awareness of cyber threats and the need for operational resilience among businesses. Additionally, the rise of remote work and digital transformation initiatives is prompting organizations to adopt comprehensive cloud-based recovery strategies, reflecting a cultural shift towards innovation and technological reliance in the face of evolving challenges.

Trends in the market: In Saudi Arabia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market is experiencing significant growth, driven by an increasing emphasis on data security and business continuity among organizations. As businesses face heightened cyber threats, there is a marked shift towards adopting cloud-based recovery solutions. This trend is further accelerated by the rise in remote work and digital transformation efforts, compelling companies to integrate more resilient recovery strategies. The implications for industry stakeholders include the need for enhanced service offerings and partnerships to meet evolving customer demands.

Local special circumstances: In Saudi Arabia, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market is uniquely influenced by the country's geographical challenges, such as extreme weather events and a reliance on oil infrastructure. The cultural emphasis on business continuity, particularly in sectors like energy and finance, drives organizations to prioritize data resilience. Additionally, regulatory frameworks, including the Saudi Vision 2030 initiative, encourage digital transformation, pushing businesses to adopt advanced cloud solutions for disaster recovery and enhancing overall market growth.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within the Public Cloud Market in Saudi Arabia is shaped by several macroeconomic factors, including the nation’s economic diversification efforts under Saudi Vision 2030. The ongoing transition from an oil-dependent economy to a knowledge-based one fosters investment in technology and cloud services. Additionally, fluctuating oil prices impact national revenue and, consequently, funding for IT infrastructure. Global economic trends, such as increasing cyber threats and the rising importance of data security, further compel organizations to adopt DRaaS solutions, ensuring operational continuity amid challenges.

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.