Disaster Recovery as a Service - Slovenia

Revenue in the Disaster Recovery as a Service is projected to reach US$10.26m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.40%, resulting in a market volume of US$23.88m 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 Slovenia is witnessing significant growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the demand for efficient recovery strategies among businesses.

Customer preferences: Businesses in Slovenia are increasingly prioritizing robust disaster recovery solutions, reflecting a cultural shift towards resilience and preparedness in the face of potential disruptions. This trend is driven by a growing recognition of the importance of data security, particularly among younger, tech-savvy entrepreneurs who value cloud-based solutions for their scalability and efficiency. Additionally, as remote work becomes more prevalent, companies are seeking reliable recovery strategies to ensure business continuity, further fueling the demand for Disaster Recovery as a Service in the public cloud market.

Trends in the market: In Slovenia, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is experiencing notable growth, driven by increasing awareness of the need for robust data protection solutions. Companies are prioritizing cloud-based recovery strategies to enhance resilience against disruptions, particularly as remote work becomes a standard practice. This shift is particularly evident among startups and tech-driven enterprises, which are embracing scalable recovery options. The significance of these trends underscores a collective movement towards safeguarding business continuity, presenting opportunities for cloud service providers and IT consultants to innovate and cater to evolving demands.

Local special circumstances: In Slovenia, the Disaster Recovery as a Service (DRaaS) market within the public cloud sector is shaped by the country's strategic location in Europe, which makes it a hub for businesses seeking to enhance their operational resilience. The Slovenian government has implemented regulations promoting data protection and cybersecurity, fostering a culture of compliance among enterprises. Additionally, the relatively small business ecosystem encourages collaboration, allowing startups to access innovative DRaaS solutions. These local factors collectively drive the demand for reliable cloud-based recovery services, positioning Slovenia as an emerging player in the DRaaS landscape.

Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in Slovenia is significantly influenced by macroeconomic factors such as the overall health of the national economy, global market trends, and regulatory frameworks. Slovenia's stable economic growth and favorable business environment attract foreign investments, enhancing the demand for cloud-based recovery solutions. Additionally, the increasing emphasis on digital transformation across industries is driving businesses to adopt DRaaS for improved operational resilience. Fiscal policies promoting technology adoption and cybersecurity investments further bolster market growth. As global uncertainties persist, organizations are prioritizing disaster recovery strategies, making Slovenia a pivotal player in the evolving DRaaS landscape.

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.