Disaster Recovery as a Service - United Kingdom

Revenue in the Disaster Recovery as a Service is projected to reach US$497.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.97%, resulting in a market volume of US$1.24bn 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 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.

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.