DUBLIN--(BUSINESS WIRE)--The "MEA Cloud Computing Market by Type (Service Model (IaaS, PaaS, and SaaS) and Service Type), Deployment Model (Public and Private), Organization Size, Vertical, and Region (Middle East, and Africa) - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The MEA cloud computing market size is expected to grow from USD 14.2 billion in 2021 to USD 31.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period.
The Increased demand for cloud based solutions during COVID 19, business expansion by market leaders in the Middle East and Africa, and growing investments for cloud based technologies in smart city projects, and governmental initiatives are a few factors driving the growth of the cloud computing solutions and services in MEA.
Growing investments of large enterprises in IaaS to drive the market during forecast period
IaaS is a form of cloud computing that delivers fundamental compute, network, and storage resources to consumers on-demand, over the internet, and on a pay-as-you-go basis. IaaS refers to a combination of hosting, hardware, provisioning, and the basic services needed to run a cloud. Using the service, an organization can outsource the equipment used to support operations, including storage, hardware, servers, and networking components.
Most providers offer components, such as compute and storage, with supporting services, including auto-scaling and load balancing, which will provide the scale and performance characteristics. IaaS providers manage physical data centers to reduce costs buying and maintaining their hardware. It offers supporting services, such as auto-scaling and load balancing, which provide the scale and performance characteristics that make cloud desirable.
It enables organizations to easily scale up or down as their needs grow or change. It further provides a characteristic of storage that helps store and back-up and recovery. It provides flexibility, mobility, and easy and scalable access to applications and enhances collaboration to help enterprises focus on their core businesses.
Rise in cloud migration is driving the demand for consulting services
Consulting is a professional services practice for enterprise infrastructure. It involves advising customers to manage the organization's IT infrastructure and improving infrastructure performance, including security and workflow processes. Cloud professional service vendors offer consulting services to users that have limited awareness related to the upgradation of current enterprise infrastructure.
Increased awareness related to cloud benefits among small and medium-sized enterprises is driving its adoption
Organizations with an employee strength of less than 1,000 are categorized under SMEs. When compared to the large enterprises segment, the SMEs segment is facing challenges in terms of resources. They require enhanced infrastructures with less investments. They require a flexible payment model for better cost optimization of their business processes. Cloud applications are being rapidly adopted by SMEs in the Middle East due to the ease and flexibility they offer, and the demand is expected to grow during the forecast period.
Lower costs and easy deployment are the major driving factors of public cloud adoption
The public cloud is defined as computing services offered by third-party providers over the public internet, making them available to anyone who wants to use or purchase them. The public cloud refers to computing that shares resources, such as storage, compute, and networking, with external entities outside the organization depending on the demand. In the public deployment model, various resources, such as applications, storage, virtual servers, and hardware, are available to client enterprises over the internet.
Retailers shifting business operations online to continue businesses during lockdown imposed due to COVID-19 is boosting the cloud computing demand
The retail and eCommerce vertical in the Middle East is on the edge of IT-driven innovation, as local retail players are embracing online platforms to improve their omnichannel presence. Retailers are now adopting social networks and apps to engage with their customers in real-time. The cloud infrastructure meets all the business requirements, ranging from security to business applications; thus, it is gaining traction among retailers in the Middle East.
Middle East to hold the largest market size during the forecast period
Countries in the Middle East are investing in cloud computing projects and cloud applications to develop and build knowledge-based economies. Cloud computing features that benefit the Middle East countries include on-demand resource availability, scalability, multi-user access to cloud-based applications, self-service computation, cloud storage, and utility subscription models.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 MEA Cloud Computing Market, by Type
7 MEA Cloud Computing Market, by Organization Size
8 MEA Cloud Computing Market, by Deployment Model
9 MEA Cloud Computing Market, by Vertical
10 MEA Cloud Computing Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Adjacent Market
14 Appendix
Companies Mentioned
- Alibaba Cloud (China)
- AWS (US)
- BIOS Middle East Group (UAE)
- Cicso (US)
- Cloud4Rain (Egypt)
- CloudBox Tech (SA)
- Comprehensive Computing Innovations (Lebanon)
- Compro (Turkey)
- eHosting DataFort (UAE)
- Etisalat (UAE)
- Fujitsu (Japan)
- Google (US)
- Gulf business Machines (UAE)
- Huawei (China)
- IBM (US)
- Infosys (India)
- Injazat Data Systems (UAE)
- Insomea Computer Solutions (Tunisia)
- Intertec Systems (UAE)
- Liquid Intelligence Technologies (SA)
- Malomatia (Qatar)
- Microsoft (US)
- Ooredoo (Qatar)
- Oracle (US)
- Orixcom (UAE)
- Salesforce (US)
- SAP (Germany)
- STC Cloud (Saudi Arabia)
- TCS(India)
- Teraco Data Environment (SA)
- Zonke Tech (SA)
For more information about this report visit https://www.researchandmarkets.com/r/sby572
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