Disaster Recovery as a Service - Turkmenistan

  • Turkmenistan
  • Revenue in the Disaster Recovery as a Service is projected to reach US$11.66m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 23.60%, resulting in a market volume of US$33.63m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$4,096.00m in 2024).
 
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Analyst Opinion

The Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector in Turkmenistan is witnessing significant growth, fueled by factors like increased data security concerns, the need for business continuity, and the rising adoption of cloud solutions among enterprises.

Customer preferences:
As businesses in Turkmenistan navigate a rapidly evolving digital landscape, there is a growing preference for integrated Disaster Recovery as a Service (DRaaS) solutions that offer seamless cloud-based protection. Organizations are increasingly prioritizing data resilience, driven by a cultural emphasis on stability and security. Additionally, the younger, tech-savvy demographic is pushing for more automated and user-friendly recovery options, ensuring minimal downtime. This shift reflects a broader trend towards proactive risk management, aligning with global best practices in business continuity planning.

Trends in the market:
In Turkmenistan, the Disaster Recovery as a Service (DRaaS) market is experiencing a significant shift towards integrated cloud-based solutions, driven by an increasing need for data resilience among organizations. As businesses prioritize stability and security, there is a notable trend towards adopting automated and user-friendly recovery options to minimize downtime. This evolution reflects a growing cultural emphasis on proactive risk management and aligns with global best practices in business continuity planning. Industry stakeholders must adapt to these changes to remain competitive and ensure robust data protection for their clients.

Local special circumstances:
In Turkmenistan, the Disaster Recovery as a Service (DRaaS) market is shaped by unique geographical and cultural factors. The country's vulnerability to natural disasters, such as severe dust storms and earthquakes, drives organizations to prioritize data resilience and continuity planning. Additionally, the government's regulatory focus on data sovereignty and local data storage creates a demand for tailored cloud solutions. This landscape fosters a culture of proactive risk management, compelling businesses to adopt integrated, automated recovery services that align with global standards while addressing local challenges.

Underlying macroeconomic factors:
The Disaster Recovery as a Service (DRaaS) market in Turkmenistan is significantly influenced by macroeconomic factors such as national economic stability, fiscal policies, and global economic trends. The country's focus on diversifying its economy beyond hydrocarbons encourages investment in technology and cloud services, fostering growth in the DRaaS sector. Additionally, favorable government policies aimed at enhancing digital infrastructure and promoting local data centers create an environment conducive to cloud adoption. Global trends towards increased data security and resilience further amplify demand, as organizations seek robust solutions to mitigate risks associated with natural disasters and economic fluctuations.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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