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UAE Cloud Computing Market is Predicted to Expand at a significant CAGR of 38.2% during the period 2022-2029 | Research Report Forecast

12-05-2022 01:25 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

UAE Cloud Computing Market

UAE Cloud Computing Market

The UAE Cloud Computing Market is estimated to grow at a CAGR of 38.2% over the forecast period (2022-2029).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/product/uae-cloud-computing-market/

The factors driving growth of the UAE Cloud Computing Market includes rising focus by companies on enhancing customer's experience, growing popularity of video-demand-services across United Arab Emirates, trending concept of Work from Home (WFH), Government initiatives to promote electronic transformation and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Blockchain, Artificial Intelligence (AI) and Machine Learning (ML) and increasing application of cloud computing services across BFSI, media & entertainment and hospitality, industries, are some of the additional factors supplementing the UAE Cloud Computing Market size. In addition, the increasing investments by major companies on research and development, strategic partnerships between enterprises, rapid urbanization and rising disposable incomes, are further contributing towards the market growth.

However, growth of the UAE Cloud Computing Market is hindered due to insufficient availability of skilled workforce.

The prominent players operating in the UAE Cloud Computing Market are Oracle UAE, IBM Middle East FZ LLC, Alibaba Cloud, VMware, Inc., SAP Middle East FZ LLC, Fujitsu United Arab Emirates, Amazon Web Services, Inc., Microsoft Corporation, Google LLC, Rackspace Inc., Salesforce.com, Inc. and Adobe Inc., among others.

Based on Deployment Mode, the Hybrid Cloud segment is predicted to grow at a robust CAGR during the forecast period

Growing adoption of hybrid cloud services by small and medium organizations and increasing application of cloud migration, are propelling segment's growth.

Based on Organization Size, the Small and Medium-Sized Enterprises segment is projected to grow at a significant CAGR over the forecast period

Cloud based services offer pay-for-what-you-use payment models, enhances flexibility, minimizes operational costs and are easy to use, are some of the features pushing segment's growth.

Based on Vertical, the Retail and Consumer Goods segment is anticipated to expand at a remarkable CAGR during the forecast period

cloud computing provides real-time inventory tracking and monitoring in the retail sector, automates order placements, and prevent overstocking and understocking, are some of the important features augmenting the segment's growth.

Key Developments

In Jan 2020, IBM opened two data centers in UAE, in Dubai and Abu Dhabi, to offer cloud-managed services to organizations and help them to accelerate their journey to hybrid cloud.
In Jul 2019, Amazon Web Service developed three data centers in Bahrain, UAE, to deliver cloud storage to regional organizations growing demand.
In Jun 2019, Microsoft introduced two regional cloud services from its new data centers in Dubai and Abu Dhabi.

Market Segmentation

Segmentation by Service Model

Infrastructure as a Service
Platform as a Service
Software as a Service

Segmentation by Deployment Model

Public Cloud
Private Cloud
Hybrid Cloud

Segmentation by Organization Size

Small and Medium-Sized Enterprises
Large Enterprises

Segmentation by Workload

Storage, Backup, and Disaster Recovery
Application Development and Testing
Database Management
Business Analytics
Integration and Orchestration
Enterprise Resource Management
Collaboration and Content Management

Segmentation by Industry Vertical

Banking, Financial Services and Insurance
IT and Telecommunications
Government and Public Sector
Retail and Consumer Goods
Manufacturing
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
Others

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
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Website: https://www.gmiresearch.com/

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GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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