Middle East & Africa Private Cloud Services Market Size, Share, Analysis, Trends Future & Forecast 2028
MarkNtel Advisors has recently released an all-encompassing report on Middle East & Africa Private Cloud Services Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2028: Revealing Middle East & Africa Private Cloud Services Market Insights and Analysis
The Middle East & Africa Private Cloud Services Market is projected to grow at a CAGR of around 28.77% during the forecast period, i.e., 2023-28.
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Market Driver: Growth of IT Industry to Promote Private Cloud Services Market
The countries in the region such as the UAE, South Africa, Saudi Arabia, etc., implemented strategies and initiatives to foster digital transformation and diversify their economies by promoting service-based sectors including IT. In line with this, the government of these countries substantially invested in innovation hubs, technology parks, etc., which created a conducive environment for the growth of the IT industry. Owing to this many companies such as Microsoft, IBM, Telekom, etc., expanded their existing operations in the region. For instance,
- In 2023, US-based software company Nintex is planning to open its first regional office in Saudi Arabia, supporting Vision 2030’s path toward digital transformation.
The IT industry’s growth boosted the demand for scalable and flexible computing resources. Private clouds, with enhanced scalability, reliability, performance, and cost efficiency, have become the preferred IT infrastructure solution for business organizations in the region. Furthermore, the countries in the region such as South Africa, the UAE, etc., are taking many initiatives to become a fast adopter of emerging AI technologies. For instance,
- In 2021, the UAE has adopted the National AI Strategy 2031 and the UAE National Program for Artificial Intelligence, both of which would shape the digital and technological ecosystems and impact digital creativity.
Hence, the growth of AI technologies in the IT sector would have a positive impact on the demand for private cloud solutions, as AI applications would require significant computing power and storage to process large volumes of data and perform complex calculations.
A Comprehensive Overview of Geographical Diversity:
the Middle East & Africa Private Cloud Services Market expands across:
- The UAE
- Saudi Arabia
- Israel
- Turkey
- Egypt
- South Africa
- Rest of the Middle East & Africa
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Middle East & Africa Private Cloud Services Market Segmentation Outline:
- By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS))
- By Organization Size (Small & Medium Enterprises (Up to 500), Large Enterprises (Above 500))
- By End User (BFSI, IT & Telecom, Government, Energy & Utilities, Retail, Manufacturing, Others (Media & Entertainment, Education & Healthcare, etc.))
Competitive Outlook
Amazon Web Services, Inc., Cisco Systems Inc., Dell Inc., IBM Corporation, SAP SE, VMware Inc., Microsoft Corporation, Hewlett Packard Enterprise, Databricks, OpenStack, Tencent Cloud, Others
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