Saudi Arabia Disaster Recovery As A Service Market Size & Outlook
Saudi Arabia disaster recovery as a service market, 2017-2030 (US$M)
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Disaster Recovery As A Service Market Scope
Disaster Recovery As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 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.
Reasons to subscribe to Saudi Arabia disaster recovery as a service market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia disaster recovery as a service market databook
-
Our clientele includes a mix of disaster recovery as a service market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia disaster recovery as a service market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia disaster recovery as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia disaster recovery as a service market size, by service type, 2017-2030 (US$M)
Saudi Arabia Disaster Recovery As A Service Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
