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The Disaster Recovery as a Service market within the Public Cloud market in China is witnessing elevated growth, fueled by increasing reliance on cloud solutions, heightened awareness of data security, and the urgent need for businesses to ensure operational resilience against disruptions.
Customer preferences: Businesses in China are increasingly prioritizing disaster recovery solutions, reflecting a growing awareness of the need for operational resilience in an unpredictable environment. This shift is driven by the rise of remote work and digital transformation, prompting organizations to seek reliable cloud-based backup options. Additionally, younger, tech-savvy professionals are advocating for more robust data security measures, influencing companies to adopt Disaster Recovery as a Service (DRaaS) solutions that align with their modern, agile work lifestyles.
Trends in the market: In China, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is experiencing significant growth as organizations increasingly recognize the importance of operational resilience. This trend is fueled by the surge in remote work and digital transformation, compelling businesses to adopt cloud-based backup solutions. Furthermore, the demand for enhanced data security among younger, tech-savvy professionals is prompting companies to implement more sophisticated DRaaS offerings. As these trends continue to evolve, industry stakeholders must adapt their strategies to meet the rising expectations for reliability and agility in disaster recovery solutions.
Local special circumstances: In China, the Disaster Recovery as a Service (DRaaS) market within the Public Cloud sector is influenced by unique local factors such as stringent data protection regulations and a rapidly evolving digital landscape. The government's emphasis on cybersecurity and data sovereignty has led businesses to prioritize compliant DRaaS solutions that align with national standards. Additionally, the geographical diversity, including frequent natural disasters, heightens the need for robust disaster recovery strategies. These elements drive organizations to seek reliable, scalable cloud-based solutions tailored to local needs, differentiating the market from global counterparts.
Underlying macroeconomic factors: The Disaster Recovery as a Service (DRaaS) market in China is shaped by macroeconomic factors such as the rapid digital transformation of industries, government investment in cloud infrastructure, and the rising awareness of cybersecurity threats. As businesses increasingly migrate to cloud environments, the demand for DRaaS solutions that ensure business continuity becomes paramount. Additionally, the national focus on economic stability and growth drives companies to adopt resilient IT strategies to mitigate risks. Fiscal policies promoting technology innovation further enhance market opportunities, while global economic trends, such as supply chain disruptions, reinforce the necessity for robust disaster recovery plans tailored to local conditions.
Data coverage:
The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)