Disaster Recovery as a Service - United Kingdom

  • United Kingdom
  • Revenue in the Disaster Recovery as a Service is projected to reach US$0.50bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.92%, resulting in a market volume of US$1.24bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$4,096.00m in 2024).
 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Disaster Recovery as a Service market within the Public Cloud market in the United Kingdom is witnessing elevated growth, fueled by increasing reliance on cloud solutions, heightened cyber threats, and businesses' need for robust backup strategies to ensure operational continuity.

Customer preferences:
Organizations in the United Kingdom are increasingly prioritizing Disaster Recovery as a Service (DRaaS) solutions within the Public Cloud market, reflecting a growing awareness of data security and operational resilience. This shift is driven by the rise of remote work and the need for seamless business continuity amid unpredictable disruptions. Moreover, businesses are gravitating towards scalable DRaaS options that accommodate diverse workloads, highlighting a preference for flexibility and cost-effectiveness in safeguarding their digital assets.

Trends in the market:
In the United Kingdom, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing a surge in adoption, as organizations recognize the critical importance of data protection and business continuity. This trend is propelled by the increasing reliance on cloud-based solutions to support remote workforces and mitigate risks associated with unforeseen disruptions. Additionally, businesses are favoring customizable DRaaS offerings that cater to varying workloads, emphasizing the demand for adaptable and cost-efficient recovery strategies. This shift holds significant implications for service providers, who must innovate to meet evolving customer needs and ensure robust security measures are in place.

Local special circumstances:
In the United Kingdom, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is influenced by unique local factors, including stringent data protection regulations like GDPR and the heightened awareness of cybersecurity threats. The UK's diverse geography, with its mix of urban and rural areas, necessitates tailored recovery solutions that address varying infrastructural challenges. Additionally, the cultural emphasis on resilience and preparedness drives organizations to prioritize business continuity strategies, fostering a competitive landscape for service providers to innovate and enhance their offerings.

Underlying macroeconomic factors:
The Disaster Recovery as a Service (DRaaS) market in the United Kingdom is shaped by several macroeconomic factors, including the overall economic stability and growth trends within the nation. The UK's commitment to digital transformation and cloud adoption, bolstered by government initiatives and fiscal support for technology investments, enhances market prospects. Additionally, global economic uncertainties, such as inflation and supply chain disruptions, compel businesses to prioritize risk management and continuity planning, driving demand for DRaaS solutions. The competitive landscape is further influenced by the need for organizations to comply with evolving data protection laws and the growing emphasis on cybersecurity resilience, fostering innovation among service providers.

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
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)