The MEA Cloud Computing Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 17.2 % during the forecast period, to reach USD 31.4 billion by 2026 from USD 14.2 billion in 2021. Increased demand for cloud computing solutions during COVID 19, rising numbers of crimes, increased focus on work from home concept are expected to spur the demand for cloud computing offerings across the globe.
The major players have implemented various growth strategies to expand their regional presence and increase their market shares in MEA. Key players such as Microsoft, AWS, IBM, Google and Alibaba Cloud have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the MEA Cloud Computing Market.
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Microsoft has been working extensively toward becoming an exclusive cloud provider. It is one of the major vendors of MEA Cloud Computing Market. Microsoft has more than 5,400 solutions from 2,500 providers in its marketplace and is growing at 130% year on year. It supports both pay-as-you-go and bring-your-own licensing models, as well as custom licensing in private offerings that are arranged between the seller and buyer outside Microsoft’s influence. Azure is Microsoft's public cloud platform which offers a large collection of services including platform as a service (PaaS), infrastructure as a service (IaaS), and managed database service capabilities. The company is equally focused on organic and inorganic business growth strategies to strengthen its footprint in the MEA Cloud Computing Market. In organic growth strategies the company introduced two more datacenter regions in the Middle East and Africa, strengthening its cloud footprint in the region. In inorganic growth strategies Microsoft chose to adopt partnerships, collaborations, and acquisitions. Microsoft partnered with Sitecore, Etisalat, Dubai tourism, KEO International Consultant, Main One for increasing its digital presence in MEA region.
Google is an eminent player in the MEA Cloud Computing Market, as it provides strong offerings such as solutions, products, and services for cloud computing market. With its cloud services, Google enables enterprises to deliver high-quality, on-demand services at a rapid pace to their customers. Google provides highly scalable and suitable services for large- and mid-sized enterprises across the full spectrum of the cloud. Google is also strong in terms of flexibility. Google has invested heavily in building out its regional presence and network, which has made it one of the biggest cloud providers in terms of coverage. With 24 regions and 73 zones in 17 countries, Google Cloud delivers high-performance, low-latency cloud services to our customers no matter where they are around the globe. The company is consistently focusing on catering to its customers with highly competent technology-enabled services in the cloud professional services market to hold one of the leading positions. Google Cloud has emerged as a viable first-tier cloud vendor with strong offerings in all three cloud categories: 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. Microsoft partnered with Databricks, Broadcom Inc, Daxos, Saudi Aramco and Bespin Global MEA for increasing its digital presence.
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
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