MEA Cloud Computing Market New Trends, Latest Opportunities, Growth Forecasts to 2028

MEA Cloud Computing Market by Offering (Service Model (laaS, PaaS, and SaaS)), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Vertical (BFSI, Energy and Utilities, and Manufacturing) and Region - Forecast to 2028.
The MEA Cloud Computing Market [https://www.marketsandmarkets.com/Market-Reports/mea-cloud-computing-market-127445982.html?utm_campaign=mea-cloud-computing-market&utm_source=abnewswire.com&utm_medium=paidpr] is projected to expand at a Compound Annual Growth Rate (CAGR) of 18.6% during the forecast period, reaching USD 49.5 billion by 2028, up from USD 21.1 billion in 2023. Organizations across MEA are accelerating their adoption of cloud computing to drive digital transformation initiatives.

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By service model ,SaaS segment to hold the largest market size during the forecast period

Software as a Service (SaaS) in cloud computing refers to a delivery model where software applications are hosted and provided over the internet by third-party cloud service providers. Users access these applications through web browsers, eliminating the need for local installations and maintenance. SaaS offers scalability, flexibility, and cost-effectiveness, as users can subscribe to services on a pay-as-you-go basis, receive regular updates, and benefit from centralized data storage and security measures, making it a popular choice for businesses seeking to streamline IT operations and enhance accessibility while minimizing infrastructure investments.

By PaaS ,data management segment to hold the largest market size during the forecast period

Data management in Platform as a Service (PaaS) within cloud computing refers to the comprehensive suite of tools, services, and infrastructure provided by cloud providers to efficiently store, process, and analyze data. PaaS offerings enable businesses to leverage scalable databases, data warehouses, and analytics platforms without the burden of managing underlying hardware and software infrastructure. This allows organizations to focus on developing and deploying applications, ensuring data security, and harnessing data-driven insights, ultimately streamlining their operations and enhancing decision-making capabilities in a cost-effective and agile manner.

By vertical, BFSI segment to hold the largest market size during the forecast period

The BFSI (Banking, Financial Services, and Insurance) sector has increasingly embraced cloud computing to revolutionize its operations. Leveraging the scalability, agility, and cost-efficiency of cloud services, BFSI organizations are able to enhance customer experiences, streamline data analytics for risk assessment and fraud detection, and ensure robust data security and compliance. Cloud solutions enable rapid deployment of new financial services, facilitate remote access to critical applications, and reduce infrastructure costs, ultimately enabling BFSI institutions to stay competitive in a dynamic and data-driven industry while adhering to stringent regulatory requirements.

Africa to hold the second largest market size during the forecast period

Africa is experiencing a burgeoning interest in cloud computing, marked by heightened investments and widespread adoption throughout the continent. This surge is driven by both businesses and governments eager to leverage the advantages of digital transformation, with cloud services serving as a pivotal tool in providing scalable, cost-efficient, and accessible computing resources. This section of the report segments the cloud applications industry in the Africa, based on countries such as South Africa, Egypt ,Nigeria, and other countries.

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Unique Features in the MEA Cloud Computing Market

Organizations across the Middle East and Africa (MEA) are increasingly embracing cloud computing to accelerate digital transformation. Businesses are leveraging cloud-based solutions to enhance operational efficiency, improve customer experiences, and streamline business processes.

Several governments in the MEA region have launched cloud-first policies and national digital strategies to promote cloud adoption. Regulatory frameworks are being developed to ensure data security, compliance, and sovereignty, encouraging businesses to migrate to cloud platforms.

Enterprises are adopting multi-cloud and hybrid cloud architectures to enhance flexibility, reduce dependency on a single provider, and optimize costs. This trend is particularly prominent in industries such as banking, healthcare, and government services.

Major cloud service providers, including AWS, Microsoft Azure, and Google Cloud, are expanding their presence in MEA by establishing local data centers. This expansion addresses concerns related to data residency, latency, and compliance, making cloud services more accessible to regional businesses.

The integration of AI and edge computing with cloud solutions is gaining traction in MEA. Industries such as telecom, manufacturing, and smart cities are leveraging AI-powered cloud services to enhance automation, data processing, and decision-making.

Major Highlights of the MEA Cloud Computing Market

Governments across the region are actively promoting cloud adoption through policies and national digital transformation strategies. Countries like the UAE, Saudi Arabia, and South Africa are implementing cloud-first policies to encourage businesses and public institutions to transition to cloud-based solutions.

Leading cloud service providers such as AWS, Microsoft Azure, and Google Cloud are expanding their data center presence in MEA. This expansion addresses concerns related to data sovereignty, compliance, and latency, making cloud services more reliable and accessible for businesses in the region.

Organizations in MEA are increasingly adopting hybrid and multi-cloud strategies to optimize performance, enhance security, and reduce reliance on a single provider. This trend is particularly prominent in industries such as banking, healthcare, and government services.

The integration of artificial intelligence (AI), the Internet of Things (IoT), and edge computing with cloud services is accelerating digital innovation in MEA. Industries such as manufacturing, telecom, and smart cities are leveraging these technologies to enhance automation, real-time analytics, and operational efficiency.

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Top Companies in the MEA Cloud Computing Market

The MEA cloud computing market is dominated by companies such as Microsoft (US), AWS (US), IBM (US), Google (US), Alibaba Cloud (China), Oracle (US), SAP (Germany), Salesforce (US), Etisalat (UAE), eHosting DataFort (UAE), Injazat Data Systems (UAE), STC Cloud (Saudi Arabia), Insomea Computer Solutions (Tunisia), CloudBox Tech (SA), Ooredoo (Qatar), Gulf business Machines (UAE), Intertec Systems (UAE), Fujitsu (Japan),Huawei (China), Comprehensive Computing Innovations (Lebanon), Compro (Turkey), Teraco Data Environment (SA),

Microsoft's presence in the Middle East and Africa (MEA) is characterized by a multifaceted approach aimed at transforming businesses and communities through technology. The company offers a wide range of products and services tailored to the unique needs and challenges of the MEA region. Microsoft's cloud computing platform, Azure, plays a pivotal role in supporting the region's digital transformation journey. It provides scalable, secure, and flexible cloud infrastructure and services to organizations, enabling them to leverage the power of artificial intelligence, data analytics, and Internet of Things (IoT) technologies. This is particularly valuable for MEA's burgeoning tech startups, enterprises, and government entities seeking to modernize their operations and services.

Google's presence in the Middle East and Africa (MEA) is characterized by a multifaceted approach encompassing various sectors. As a leading technology company, Google offers its core services, such as Search and YouTube, to help users access information and content. Additionally, Google Cloud plays a significant role in fostering digital transformation across businesses and organizations in the region by offering cloud infrastructure, data analytics, and AI solutions. Google has invested in infrastructure projects like the Equiano subsea cable, connecting Africa to Europe, which enhances internet connectivity and contributes to the region's economic growth. Google has also engaged in partnerships with local governments and organizations to promote innovation, support startups, and address regional challenges through technology.Google Cloud has emerged as a viable first-tier cloud vendor with strong offerings in all three cloud types: IaaS, PaaS and SaaS. Its cloud services emphasize portability and security, and Google has realigned its efforts around enterprises and industry verticals. Google chose to adopt partnerships, collaborations, and acquisitions.

AWS (Amazon Web Services) is a major player in cloud computing but isn't a dominant force in the Extended Detection and Response (XDR) Market. Their focus lies in providing cloud infrastructure and platform services. While they offer security features for their cloud platform, XDR specifically deals with advanced threat detection and response across various environments, which falls outside AWS's core area of expertise.

IBM does hold a position in the Extended Detection and Response (XDR) Market. They offer security solutions that integrate with their cloud platform and can be part of a broader XDR strategy. However, it's important to note that IBM might not be the sole leader in this space. Their core strength might lie in specific security services or functionalities within the XDR landscape.

Alibaba Cloud, a prominent player in the extended detection and response (XDR) market, leverages its robust cloud computing infrastructure and AI capabilities to offer comprehensive cybersecurity solutions. With a strong foothold in Asia and expanding presence in the Middle East and Africa, Alibaba Cloud provides XDR services that integrate threat detection, incident response, and endpoint protection. Their approach combines advanced analytics, machine learning algorithms, and real-time threat intelligence to enhance security operations and protect organizations against sophisticated cyber threats across diverse industries.

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