The Latin America, Middle East and Africa Disaster Recovery as a Service Market would witness market growth of 28.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Disaster Recovery As A Service Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,561.2 million by 2031. The Argentina market is showcasing a CAGR of 29.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 27.4% during (2024 - 2031).
The increasing reliance on cloud computing and hybrid IT environments has fueled the demand for DRaaS solutions. Organizations are embracing multi-cloud and hybrid cloud strategies to optimize their IT operations, reduce infrastructure costs, and enhance flexibility. However, managing disaster recovery across multiple cloud environments and on-premise systems presents significant challenges.
Moreover, artificial intelligence and machine learning (ML) are revolutionizing the disaster recovery landscape, enhancing automation, threat detection, and predictive analytics. AI-driven DRaaS solutions can proactively identify potential system vulnerabilities, detect anomalies, and optimize recovery processes to minimize downtime.
The increasing cyber threats and digital financial transactions in the LAMEA region drive demand for Disaster Recovery as a Service (DRaaS). The rapid growth of banking, fintech, healthcare, and e-government services has highlighted the need for scalable, real-time disaster recovery solutions to protect sensitive financial data, healthcare records, and critical national infrastructure. In South Africa, cybercrime is escalating rapidly, with the South African Banking Risk Information Centre (SABRIC) reporting over 25,000 cybercrime cases in 2022. This alarming figure has placed immense pressure on financial institutions to strengthen their cybersecurity frameworks, secure customer data, and prevent fraud. Banks and fintech firms in the region are now deploying AI-driven threat detection systems, blockchain-based transaction security, and multi-factor authentication protocols to defend against digital banking fraud and cyberattacks. The integration of DRaaS solutions with cloud-based fraud prevention ensures real-time data replication, backup, and recovery, reducing financial risks for financial institutions. Therefore, as the LAMEA region’s digital economy expands, the demand for scalable, cost-effective, and regulatory-compliant DRaaS solutions will continue to increase across financial services, healthcare, and government sectors.
Free Valuable Insights: The Worldwide Disaster Recovery as a Service Market is Projected to reach USD 70.53 Billion by 2031, at a CAGR of 25.7%
Based on Deployment, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on Service Type, the market is segmented into Recovery & Backup Services, Real-time Replication Services, Data Protection Services, and Professional Services. Based on Provider, the market is segmented into Cloud Service Providers, Telecommunication Service Providers, and Managed Service Providers. Based on End-use, the market is segmented into BFSI, IT & Telecommunication, Retail & Consumer Goods, Healthcare, Government, Media & Entertainment, and Other End-use. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Deployment
By Service Type
By Provider
By End-use
By Country
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