Latin America Disaster Recovery As A Service Market Size & Outlook
Latin America Disaster Recovery As A Service Market, 2017-2030 (US$M)
Global Market
Related Markets
Latin America disaster recovery as a service market highlights
- The Latin America disaster recovery as a service market generated a revenue of USD 851.2 million in 2023.
- The market is expected to grow at a CAGR of 24.8% from 2024 to 2030.
- In terms of segment, recovery & backup services was the largest revenue generating service type in 2023.
- Real-time Replication Services is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 851.2 million |
| Market revenue in 2030 | USD 4,014.3 million |
| Growth rate | 24.8% (CAGR from 2023 to 2030) |
| Largest segment | Recovery & backup services |
| Fastest growing segment | Real-time Replication Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Recovery & Backup Services, Data Protection Services, Real-time Replication Services, Professional Services |
| Key market players worldwide | Amazon.com Inc, International Business Machines Corp, Microsoft Corp, VMware, Acronis, InterVision Systems, Infrascale, Recovery Point, Sungard Availability Services, TierPoint |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.2% of the global disaster recovery as a service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,746.6 million by 2030.
Disaster Recovery as a Service (DRaaS) is a cloud-based solution that helps organizations in Latin America and around the world to protect their data and applications from disasters and ensure business continuity. The adoption of DRaaS has been growing steadily in Latin America over the past few years.
As businesses increasingly rely on digital data and applications, the need for robust disaster recovery solutions has become more critical. Latin America is a diverse region with varying levels of technological infrastructure and economic development. While countries like Brazil, Mexico, and Chile have more mature IT markets and greater adoption of DRaaS, other countries may be slower to adopt such services.
Moreover, several local and international cloud service providers offer DRaaS solutions in Latin America. Some global providers, like AWS, Azure, and Google Cloud, have data centers and services available in the region. Local providers may also offer customized solutions tailored to the specific needs of businesses in the area.
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Disaster Recovery As A Service Market Scope
Disaster Recovery As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amazon.com Inc | View profile | 1,525,000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | www.amazon.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| VMware | View profile | 10001+ | Palo Alto, California, United States, North America | www.vmware.com |
| Acronis | View profile | 1001-5000 | Schaffhausen, Schaffhausen, Switzerland, Europe | www.acronis.com/ |
| InterVision Systems | View profile | 101-250 | Santa Clara, California, United States, North America | www.intervision.com |
| Infrascale | View profile | 101-250 | Reston, Virginia, United States, North America | www.infrascale.com |
| Recovery Point | View profile | 101-250 | Gaithersburg, Maryland, United States, North America | www.recoverypoint.com/ |
| Sungard Availability Services | View profile | 1001-5000 | Wayne, Pennsylvania, United States, North America | www.sungardas.com |
| TierPoint | View profile | 501-1000 | St Louis, Missouri, United States, North America | www.tierpoint.com |
Latin America Disaster Recovery As A Service Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Disaster Recovery As A Service Market Outlook will help companies and investors design strategic landscapes.
Recovery & Backup Services was the largest segment with a revenue share of 45.39% in 2023.
Horizon Databook has segmented the Latin America disaster recovery as a service market based on recovery & backup services, data protection services, real-time replication services, professional services covering the revenue growth of each sub-segment from 2017 to 2030.
Disaster Recovery as a Service (DRaaS) is a cloud-based solution that helps organizations in Latin America and around the world to protect their data and applications from disasters and ensure business continuity. The adoption of DRaaS has been growing steadily in Latin America over the past few years.
As businesses increasingly rely on digital data and applications, the need for robust disaster recovery solutions has become more critical. Latin America is a diverse region with varying levels of technological infrastructure and economic development. While countries like Brazil, Mexico, and Chile have more mature IT markets and greater adoption of DRaaS, other countries may be slower to adopt such services.
Moreover, several local and international cloud service providers offer DRaaS solutions in Latin America. Some global providers, like AWS, Azure, and Google Cloud, have data centers and services available in the region. Local providers may also offer customized solutions tailored to the specific needs of businesses in the area.
- Latin America Disaster Recovery As A Service Market Service Type Outlook (Revenue, USD Million , 2017-2030)
- Recovery & Backup Services
- Data Protection Services
- Real-time Replication Services
- Professional Services
- Latin America Disaster Recovery As A Service Market Deployment Outlook (Revenue, USD Million , 2017-2030)
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Latin America Disaster Recovery As A Service Market End Use Outlook (Revenue, USD Million , 2017-2030)
- BFSI
- IT & Telecommunication
- Retail & Consumer Goods
- Government
- Healthcare
- Media & Entertainment
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Disaster Recovery As A Service Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Disaster Recovery As A Service Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Disaster Recovery As A Service Market, 2017-2030 (US$M)
Latin America disaster recovery as a service market statistics, by service type, 2017-2030 (US$M)
