Chicago, June 16, 2021 / PRNewswire /-According to new market research report “”MEA cloud computing market By type (service model (IaaS, PaaS, and SaaS) and service type), deployment model (public and private), organization size, industry, and region (Middle East,and Africa)-Forecast to 2026 “, The market size of MEA cloud computing published by Markets and Markets ™ is US $ 14.2 billion From 2021 US $ 31.4 billion By 2026, with a compound annual growth rate (CAGR) of 17.2% during the forecast period.
Increased demand for cloud-based solutions and services during COVID 19; increased number of SMEs, business expansion by market leaders Middle East And AfricaAnd increased investment in cutting-edge technology and government initiatives for digital transformation are several factors driving the growth of MEA’s cloud computing solutions and services.
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IaaS adoption is increasing significantly in large enterprise MEAs due to cost savings in security and hardware resources.
Infrastructure as a Service is a form of cloud computing that provides basic computing, network, and storage resources to consumers on demand, the Internet, and on a pay-as-you-go basis. Infrastructure as a Service is a combination of basic services required to run hosting, hardware, provisioning, and the cloud. This service allows organizations to outsource equipment used to support operations, such as storage, hardware, servers, and network components. Most providers offer support services such as autoscaling and load balancing for components such as compute and storage, providing scale and performance characteristics. In traditional hosting services, IT infrastructure was rented for a specific period of time with a pre-determined hardware configuration. The client paid for the configuration and time, regardless of actual use. With the help of the IaaS cloud computing platform layer, organizations can dynamically scale their configurations to meet changing requirements and are only billed for the services actually used. The IaaS cloud computing platform layer eliminates the need for all organizations to maintain their IT infrastructure.
There is a growing tendency to expand business operations while working within existing infrastructure to drive cloud migration services
Implementation services ensure that configuration and change management are working properly before moving resources to the cloud. Migration services, on the other hand, help move enterprise applications and data from on-premises infrastructure to cloud systems, which are virtual pools of scalable computing. Network and storage resources. Implementation services enable clients to quickly reach their business goals for leveraging cloud strategies by planning, accessing current systems, performing quality validation and verification, and providing support. These services ensure successful deployment to any infrastructure, including private clouds, public clouds, and hybrid clouds. We also provide training sessions to executives, program managers, and technical teams to ensure they update the latest trends and new cloud infrastructure offerings. These training programs enable stakeholders to get the most out of these products and achieve their set goals. According to industry experts, some cross-regional enterprises plan to move their workloads to the cloud to take advantage of various benefits such as flexibility, reliability, availability, and security. I am. By 2025, 70% of enterprise workloads are expected to run on cloud infrastructure. The main reasons for the high demand for cloud migration services are scalability, flexibility for changing workloads, increased productivity, agility, enhanced application security, and cost savings.
Increasing awareness of the benefits of the cloud in SMEs is driving its adoption
Organizations with less than 1,000 employees are classified as SMEs. Compared to the large enterprise segment, the SME segment faces resource challenges. They need a reinforced infrastructure with less investment. To optimize the cost of your business processes, you need a flexible payment model.Cloud applications are rapidly being adopted by small businesses Middle East Due to the ease and flexibility they provide, and demand is expected to grow during the forecast period. SME does not want to provide expensive disaster recovery or backup, nor does it require advanced features associated with IaaS, PaaS, and managed services. They want access to visualized hardware and computing infrastructure and only pay for the time and hardware they use. These benefits, such as seamless scalability, flexibility, pay-as-you-go payment models, reduced operating costs, and customized services for your business requirements, are driving the adoption of cloud applications across SMEs.Some of the major vendors offering cloud applications to small businesses Middle East Includes Oracle, IBM, and Adobe Systems.
Enterprises are choosing a private cloud because of security concerns due to increased cyberattacks
A private cloud is a computing model that provides a unique environment dedicated to a single entity. Like other types of cloud computing environments, private clouds provide enhanced virtualized computing resources. This deployment model allows enterprises to better manage their data and mitigate risks such as data loss and regulatory compliance issues. Private clouds are used by banks, financial institutions, large corporations, and government agencies, and only authorized users can access the system. The benefits of security and control make private cloud adoption acceptable to companies with compliance concerns. Service providers that provide hosted private clouds address key regulatory compliance factors such as HIPAA and PCI. Popular private cloud providers on the market include VMware, DXC, Dell EMC, Oracle, IBM and Microsoft.
Retailers shifting their businesses online to continue their business during the COVID-19 blockade are boosting demand for cloud computing
Retail and e-commerce areas Middle East We are at the forefront of IT-driven innovation as local retailers employ online platforms to enhance their omnichannel presence. Retailers are now adopting social networks and apps to interact with their customers in real time. Cloud infrastructure meets all business requirements, from security to business applications.Therefore, it is gaining momentum among retailers Middle East.. Retail organizations process large amounts of data collected through various point-of-sale terminals and websites. Cloud infrastructure provides retailers of all sizes with the opportunity to accelerate innovation, allowing them to focus on developing a competitive advantage without the weight of backend coordination or framework maintenance. AWS data center Middle EastIs expected to accelerate the deployment of cloud applications in the region
Middle East Dominate the MEA cloud computing market in 2020
Countries Middle East We are investing in cloud computing projects and cloud applications to develop and build a knowledge-based economy.Cloud computing features that bring benefits to Middle East Countries include on-demand resource availability, scalability, multi-user access to cloud-based applications, self-service computing, cloud storage, and utility subscription models. This section of the report segments the cloud application industry. Middle East, Etc. based on country Saudi Arabia,United Arab Emirates, Qatar, And other countries (Oman, Kuwait,and Bahrain).
Organization Saudi Arabia The United Arab Emirates has adopted cloud-based applications in the early stages. Therefore, they dominate other countries in terms of development. in recent years, Qatar It appears with high recruitment rates and is expected to witness the highest growth rates.In today’s era of globalization, it’s important to businesses Qatar Be ahead of the competition in the technical field. Outsourcing services to third-party managed service providers is a useful option for such organizations. Therefore, Middle East To reduce costs and save time, we have moved to adopt cloud applications.
The· MEA cloud computing market Dominated by companies such as Microsoft (USA), AWS (USA), IBM (USA), Google (USA), Alibaba cloud (China), Oracle (US), SAP (Germany), Salesforce (US), Etisalat (UAE), BIOS Middle East Group (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 innovation (Lebanon), Compro (Turkey), Teraco Data Environment (SA), Liquid Intelligence Technologies (SA), Zonke Tech (SA), Cloud4Rain (Egypt), Infosys (India), TCS (India), Maromatia (Qatar), Cicso (USA), and Orixcom (UAE). In addition to organized distribution channels, these vendors have a large customer base and a strong geographic footprint to help increase revenue.
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$ 31.4 billion worth of MEA cloud computing market by 2026
Source link $ 31.4 billion worth of MEA cloud computing market by 2026