South Korea Disaster Recovery As A Service Market Size & Outlook
South Korea disaster recovery as a service market, 2017-2030 (US$M)
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South Korea disaster recovery as a service market highlights
- The South Korea disaster recovery as a service market generated a revenue of USD 247.7 million in 2023 and is expected to reach USD 1,724.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 31.9% 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 247.7 million |
| Market revenue in 2030 | USD 1,724.5 million |
| Growth rate | 31.9% (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, South Korea accounted for 1.8% 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 Asia Pacific, China disaster recovery as a service market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,842.8 million by 2030.
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Disaster Recovery As A Service Market Scope
Disaster Recovery As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 45.38% in 2023. Horizon Databook has segmented the South Korea 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.
South Korea's commitment to the Korea New Deal and digital transformation initiatives drives organizations to modernize disaster recovery strategies. This trend involves adopting innovative DRaaS solutions that leverage advanced technologies such as artificial intelligence (AI) and machine learning for predictive analysis and automation.
It reflects South Korea's dedication to staying at the forefront of technology adoption for disaster preparedness. South Korean businesses increasingly engage in cross-industry collaboration to enhance disaster recovery resilience. Organizations across sectors share resources, knowledge, and best practices to build a more resilient ecosystem.
This collaborative trend underscores the importance of collective resilience in evolving cyber threats and natural disasters. South Korea is witnessing substantial investments in data center infrastructure, influencing the DRaaS market.
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Target buyers of South Korea disaster recovery as a service market databook
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Our clientele includes a mix of disaster recovery as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 South Korea disaster recovery as a service market , including forecasts for subscribers. This country databook contains high-level insights into South Korea disaster recovery as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea disaster recovery as a service market size, by service type, 2017-2030 (US$M)
South Korea Disaster Recovery As A Service Market Outlook Share, 2023 & 2030 (US$M)
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