Middle East and North Africa (MENA) Cloud Infrastructure Market Size and Research 2021, CAGR Status, Growth Analysis by Countries, Development Factors, Business Updates and Strategies till 2024: Ken Research

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.

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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.

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