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 (DRaaS) market within the Public Cloud sector in South Africa is witnessing substantial growth, fueled by increasing data security concerns, regulatory compliance needs, and the rising demand for business continuity solutions among organizations.
Customer preferences: Organizations in South Africa are increasingly prioritizing robust disaster recovery solutions, reflecting a shift towards proactive risk management in the face of unpredictable events. This trend is driven by heightened awareness of cybersecurity threats and the need for uninterrupted operations. Furthermore, businesses are favoring scalable DRaaS options that align with their growth strategies, influenced by a younger workforce that values flexibility and innovation. As remote work becomes entrenched, the demand for seamless data recovery solutions is expected to rise, ensuring business continuity and resilience.
Trends in the market: In South Africa, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth as organizations increasingly adopt comprehensive disaster recovery strategies. This shift is driven by the growing recognition of the importance of cybersecurity and uninterrupted operations. As businesses embrace digital transformation, the demand for scalable and flexible DRaaS solutions is on the rise, particularly among younger workforces that prioritize innovation. The implications for industry stakeholders include a need for enhanced service offerings and a focus on integrating seamless data recovery solutions to support business continuity and resilience.
Local special circumstances: In South Africa, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is shaped by unique local factors, including the country’s diverse geography and varying levels of infrastructure development. Frequent natural disasters, such as floods and droughts, heighten the need for resilient disaster recovery solutions. Additionally, cultural emphasis on community and collaboration drives organizations to prioritize shared recovery strategies. Regulatory frameworks, particularly around data protection and cybersecurity, further influence service offerings, compelling providers to enhance compliance and security measures tailored to local needs.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market within South Africa's Public Cloud sector is significantly influenced by macroeconomic factors such as economic stability, investment in IT infrastructure, and regulatory developments. The country's fluctuating economic growth, driven by external factors like commodity prices and global trade dynamics, affects organizational budgets for disaster recovery solutions. Furthermore, fiscal policies that promote technology adoption and cloud computing can enhance market growth. The increasing awareness of cybersecurity threats and the necessity for compliance with local data protection laws also drive demand for robust DRaaS offerings, ensuring resilience amidst economic uncertainties.
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.