The Asia-Pacific Disaster Recovery as a Service market is projected to register a CAGR of 27.15% during the forecast period, 2022-2030, and is set to reach a revenue of $21186.30 million by 2030.

Many industry participants are expanding their service delivery in Asia-Pacific. The Disaster Recovery as a Service (DRaaS) market growth in Asia-Pacific is benefited by the economic and lucrative prospects of several countries in the region. For instance, the IT industry in Australia is thriving, attributed to the flourishing Internet of Things (IoT) market, expanding cloud computing services, and cognitive computing.

To know more about this report, request a free sample copy

The Asia-Pacific Disaster Recovery as a Service market growth analysis includes the evaluation of Australia & New Zealand, Indonesia, Japan, China, Singapore, South Korea, India, and Rest of Asia-Pacific. China is the largest country in Asia with regard to ICT implementation, gross domestic product, and industrial development. Also, it is the largest manufacturing hub globally, innovating new IT technologies like cloud computing, machine learning, and artificial intelligence. Accordingly, several IT vendors have their data centers in China, given the industrial and technological advancements in the country, thereby requiring disaster recovery services. Furthermore, the Chinese DRaaS market has a high presence of domestic players like Huawei, AWS China, Alibaba, etc. Such factors, along with the country’s aim & capacity to be self-sufficient and provision of services globally, direct the growth of the market analyzed.

In South Korea, the cloud computing industry is anticipated to cut costs and offer better services based on cutting-edge technologies. In addition, domestic companies like Samsung SDS, LG CNS, SK C&C, Naver, etc., face tough competition from foreign companies like IBM, Microsoft, and AWS. Additionally, Google announced the establishment of a set of data centers in Seoul in 2020. Thus, such factors and the emerging cloud industry boost South Korea DRaaS market prospects.

Furthermore, in countries like Malaysia, the ‘Cloud First’ approach has been implemented to promote cloud adoption in the public and commercial sectors to supplement the rapid digital transformation in the country. Besides, Malaysia’s Digital Economy Corporation (MDEC) and regulators in industries like telecommunications, healthcare, and banking & financial services are re-evaluating the supervisory and legislative frameworks to sustain the developments and facilitate companies to profit from cloud services adoption. For instance, the government launched the MyDIGITAL initiative in February 2021, with an aim to improve the cloud industry prospects by advocating a cloud-first approach in the public sector.

The Asia-Pacific Disaster Recovery as a Service market segmentation includes industry vertical, service, deployment mode, and organization size. The industry vertical category includes transportation & logistics, healthcare, banking & financial institutions, manufacturing, IT and Telecommunications, e-commerce and retail, government, and other industry verticals.

In the IT industries, disaster recovery strategies play a central role in creating a robust business framework. The disaster impact can be expensive in terms of downtime. The outages are majorly attributed to cybercrime, accidental causes, and UPS system failure. As a result, companies are readily adopting cloud-based storage services to overcome such issues.

Further, the rising growth of cloud-based storage services has impacted the DRaaS market by creating a demand for backup, secure storage, and data loss prevention techniques. Also, large amounts of data are processed by telecommunication companies using mobile devices, personal computers, and RAID arrays. Additionally, data loss can hinder the industry’s normal functioning causing serious reputational and financial losses. Thus, telecommunication companies are increasingly adopting disaster recovery services to prevent downtime due to catastrophic events.

Some of the key firms operating in the Asia-Pacific Disaster Recovery as a Service market include Microsoft Corporation, Kyndryl Holdings Inc, Recovery Point Systems Inc, NTT Data Corporation, etc.

NTT Data operates as an information technology services provider. It provides advisory services like program management office consulting, organizational change management, business intelligence strategy, process optimization, and digital strategy. It also offers information management, data mining, predictive analytics, data warehousing, compliance, risk, governance, and enterprise performance management services. It is headquartered in Koto City, Tokyo, Japan.

The company provides a complete suite of DRaaS and allied services.

Report Synopsis

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.