Saudi Arabia Disaster Recovery As A Service Market Size & Outlook
Saudi Arabia Disaster Recovery As A Service Market, 2017-2030 (US$M)
Global Market
Related Markets
Saudi Arabia disaster recovery as a service market highlights
- The Saudi Arabia disaster recovery as a service market generated a revenue of USD 687.4 million in 2023 and is expected to reach USD 3,564.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 26.5% 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.
Disaster recovery as a service market data book summary
| Market revenue in 2023 | USD 687.4 million |
| Market revenue in 2030 | USD 3,564.7 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Recovery & backup services |
| Fastest growing segment | Real-time Replication Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 5.0% of the global disaster recovery as a service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia disaster recovery as a service market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,218.4 million by 2030.
The rising adoption of cloud computing is on the upswing, primarily owing to its cost-efficiency, superior performance, and ease of access, significantly boosting market expansion in this locale. Furthermore, the Saudi government's endorsement of initiatives like "Make in Saudi Arabia" is expected to play a pivotal role in bolstering the cybersecurity sector in Saudi Arabia, consequently propelling the growth of the Disaster Recovery as a Service (DRaaS) market.
The data protection segment is significantly increasing in Saudi Arabia due to the country's increasing focus on data protection regulations and cybersecurity. With the rise of digital transformation in the country, there has been a surge in the amount of data generated, processed, and stored by organizations.
This has increased the need for data protection and security solutions to safeguard sensitive data from cyber threats. Prominent government initiative for data protection and recovery is fueling the market growth. For instance, in 2020, the Data Protection Law (DPL) was introduced to regulate the processing of personal data and ensure data privacy for individuals.
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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 |
Saudi Arabia 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 Saudi Arabia 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.
The rising adoption of cloud computing is on the upswing, primarily owing to its cost-efficiency, superior performance, and ease of access, significantly boosting market expansion in this locale. Furthermore, the Saudi government's endorsement of initiatives like "Make in Saudi Arabia" is expected to play a pivotal role in bolstering the cybersecurity sector in Saudi Arabia, consequently propelling the growth of the Disaster Recovery as a Service (DRaaS) market.
The data protection segment is significantly increasing in Saudi Arabia due to the country's increasing focus on data protection regulations and cybersecurity. With the rise of digital transformation in the country, there has been a surge in the amount of data generated, processed, and stored by organizations.
This has increased the need for data protection and security solutions to safeguard sensitive data from cyber threats. Prominent government initiative for data protection and recovery is fueling the market growth. For instance, in 2020, the Data Protection Law (DPL) was introduced to regulate the processing of personal data and ensure data privacy for individuals.
- Saudi Arabia 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
- Saudi Arabia Disaster Recovery As A Service Market Deployment Outlook (Revenue, USD Million , 2017-2030)
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Saudi Arabia 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 country-level data and insights on the Saudi Arabia Disaster Recovery As A Service Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Disaster Recovery As A Service Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Disaster Recovery As A Service Market, 2017-2030 (US$M)
Saudi Arabia disaster recovery as a service market statistics, by service type, 2017-2030 (US$M)
