HOME Research Insight Key Players in Middle East Cloud Applications Market Focus on Product Development , Mergers and Acquisitions and Ecosystem Expansion

Key Players in Middle East Cloud Applications Market Focus on Product Development , Mergers and Acquisitions and Ecosystem Expansion

The era of cloud computing and the need of the standardizing the business process is driving the cloud applications market in Middle East. The North America market for the cloud applications is reaching at the saturation point so most of the applications providers are moving towards the emerging markets. Middle East is considered to be the most emerging market for cloud applications globally.

Cloud applications are the software applications that are not installed on the local computer but on the cloud and accessed through internet from any remote location. Cloud applications encourage cost savings, through shared resourcing it reduces the energy consumption and enables a swift and agile deployment of applications.

Through the combination of accelerated product development, mergers and acquisitions and ecosystem expansion, the major service providers in this market such as Salesforce.com, Oracle, SAP SE, Workday Inc, Microsoft, IBM, Ramco, Epicor, Sage, Netsuite and others are experiencing blistering growth in the Middle East cloud applications market over the  past  few years.

However, besides these high end service providers which are available in the market, cloud applications are available through the network partners in Middle East. The network partners is playing a crucial role in the Middle East market, they delivers the cost effective cloud applications to the end users.  The network partners suggest the best possible solution to the end users in order to meet their business requirement.

Middle East cloud applications market has been segmented by MarketsandMarkets on the basis of verticals such as banking and financial services (BFSI), telecommunication and IT, healthcare & life science, retail and wholesale, manufacturing, government, resource and utilities, travel and hospitality, and others. The travel and hospitality vertical is growing at a faster pace than others in the Middle East cloud applications market from the year 2015 to the year 2020. It has been estimated that resource and utilities, government, healthcare and utilities, and retail and wholesale verticals are the most emerging verticals, growing with high Compounded Annual Growth Rates (CAGRs) during the forecast period.

Kingdom of Saudi Arabia is the biggest regional market in the Middle East cloud applications world that accounts for the largest market share as compared to other countries in 2015. The major growth drivers for this region are increased adoption of cloud based applications across industries and also increased demand for mobility solutions.

MarketsandMarkets has highlighted these key findings from its latest research report. The Middle East Cloud Applications Market: Forecast and Analysis (2015 2020) report is now for sale. The report provides an overview of the drivers, restraints, and opportunities that impact this market. It also segments and forecasts the overall Middle East cloud applications market in terms of types, end users, verticals and country.

Related Reports:

Middle East Cloud Applications Market by Type (CRM, HCM, SCM, ERP, BI, Content Management and Collaboration, ecommerce), by Country (United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Qatar) - Forecast and Analysis to 2020

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