Cloud computing is a major trend in the IT industry, has provided different companies with advanced technology and extensive on-demand access to IT resources for cloud providers and consumers. Cloud-services with its distributed applications have become high-quality investments as the costs incurred for the services are considerably reasonably priced for the establishment & operations. The benefits have made a significant contribution to the worldwide use and acceptance of cloud computing technology. Despite the tremendous advances and growth that cloud computing has made in recent years, Middle East Africa is still among the lowest in terms of cloud adoption and technological maturity.
As per analysis, “MENA
Market Insights on Cloud Infrastructure: Insights and Forecast, 2018-2024
Emphasis on Deployment Type (Public Cloud, Private Cloud), Public Cloud
Services (SaaS, PaaS, IaaS, Cloud Advertising, BPaaS), End-User (Banking Financial
Services and Insurance, Telecom & IT, Retail, Healthcare, Government
Agencies, Media & Entertainment, Education, Energy, Manufacturing, Other
Industries)”
the key companies operating in the Middle East and North Africa cloud
infrastructure market include IBM Corporation, Equinix Inc., Cisco System Inc.,
Google Inc., Salesforce.com, HP Inc., AT&T Inc, DXC Technology Company,
Amazon Web Services Inc., Rackspace Hosting Inc. and among others.
With constant technological advances,
cloud computing has led both the public sector and private sector companies to
improve their adoption of cloud computing in the region. As a result, many
governments have succeeded in realizing the importance of information
technologies in improvising & sustaining their economies, and various ICT
initiatives have been taken particularly within governments. Government aims to
use cloud computing to expand access to government-provided services, achieve
greater efficiency, and improvise the level of service.
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In terms of deployment type, Middle
East and North Africa cloud infrastructure market can be categorized as private
cloud services and public cloud services. Private cloud insight includes
co-location and managed hosting. Additionally, public cloud insight includes
Infrastructure as a Service (IaaS), Software as a Service (SaaS), Business
process as a Service (BPaaS), Platform as a Service (PaaS) and cloud
advertising. Additionally, in terms of end-user industry, market can be
categorized as education, manufacturing, energy, government agencies, media
& entertainment, telecom & IT, retail, Banking, Financial Services and
Insurance and others.
Increase in use of cloud-dependent
technologies such as Bring Your Own Device (BYOD) and Internet-of-Things (IoT),
followed by rise in demand in Gulf countries and increase in IT investments
& digitization are some major factors, which are responsible for growth of
the Middle East and North Africa cloud infrastructure market. However, absence
of legal standards and legislative framework and low penetration of cloud in
small & medium enterprises may impact the market. Moreover, strengthening
role of telecommunications in cloud and rise in managed IT services are leading
opportunities for market. Furthermore, workload complexities in cloud
environment and lack of high-speed network connectivity are key challenges for
market.
Based on country-wise analysis, Middle
East and North Africa cloud infrastructure market can be bifurcated as Egypt cloud
service market, Saudi Arabia cloud service market, Qatar cloud service market,
UAE cloud service market, Kuwait cloud service market, Algeria cloud service
market and rest of Middle East & Africa cloud service market. The United
Arab Emirates and Saudi Arabia are among the prominent countries that are
expected to grow rapidly in the coming years, due to the growing trend of
adoption in various industries and SMEs. Additionally, due to government
initiatives, the growth of the cloud infrastructure market in Qatar has
supported the country in growing its adoption and enhancing the investments.
The United Arab Emirates is the largest
IT services market in the region, followed by Saudi Arabia and Algeria. Cloud
market in UAE is at emerging stage and is likely to witness rapid growth in the
coming years due to high adoption rate among SME’s and the digital transformation
agenda. Saudi Arabia represents a significant revenue opportunity for cloud
providers as times change and network connectivity becomes an inevitable
necessity for businesses, the cloud service model is expected to grow in
importance around the world.. It is projected that future of the Middle East
and North Africa cloud infrastructure market will be bright as a result of
increase in initiatives by governments & corporate to promote various
technologies such as cloud and analytics coupled with growth in business
continuity requirements resulting in high demand for disaster recovery services
during the forecast period.
For More Information, refer to below link:-
MENA
Cloud Infrastructure Market Research Report
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