LAMEA Disaster Recovery as a Service Market Size, Share & Trends Analysis Report by Deployment (Public Cloud, Private Cloud, Hybrid Cloud), Service Type, Provider, End-use, and Country with Growth Forecasts, 2024-2031

The Latin America, Middle East and Africa Disaster Recovery as a Service Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.56 billion 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.

List of Key Companies Profiled

• IBM Corporation
• Microsoft Corporation
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Cisco Systems, Inc.
• HP Inc.
• Barracuda Networks, Inc. (KKR & Co. Inc.)
• Google LLC (Alphabet Inc.)
• Verizon Communications, Inc.
• VMware, Inc. (Broadcom Inc.)
• Oracle Corporation

Market Report Segmentation

By Deployment

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Service Type

• Recovery & Backup Services
• Real-time Replication Services
• Data Protection Services
• Professional Services

By Provider

• Cloud Service Providers
• Telecommunication Service Providers
• Managed Service Providers

By End-use

• BFSI
• IT & Telecommunication
• Retail & Consumer Goods
• Healthcare
• Government
• Media & Entertainment
• Other End-use

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA