MEA Cloud Computing Market

MEA Cloud Computing Market Growth Factors, Size and Share and Key Players Analysis

The MEA Cloud Computing Market is anticipated to reach USD 49.5 billion by 2028 from USD 21.1 billion in 2023, growing at a Compound Annual Growth Rate (CAGR) of 18.6% during the course of the forecast year.

The MEA Cloud Computing Market is poised for substantial growth in the coming years, driven by several key factors:

  • Digital Transformation Initiatives:
  • Rising Data Consumption and Storage Needs:
  • Cost Efficiency and Scalability:
  • Remote Workforce and Collaboration:
  • Technological Advancements:
  • Government Initiatives and Support:
  • Industry-Specific Solutions:
  • Partnerships and Collaborations:
  • Economic Growth and Market Competitiveness:

To know about the assumptions considered for the study download the pdf brochure

These factors collectively contribute to the growth and expansion of the cloud computing market across the Middle East and Africa, shaping its dynamics and future trends.

Digital Transformation Initiatives: Increasing adoption of cloud computing as a foundational technology to support digital transformation efforts across industries such as finance, healthcare, government, and telecommunications.

Rising Data Consumption and Storage Needs: Growing volumes of data generated by IoT devices, social media, and digital transactions necessitate scalable cloud solutions for efficient data storage, processing, and analysis.

Cost Efficiency and Scalability: Cloud computing offers cost-effective solutions by reducing the need for extensive IT infrastructure investments and providing scalable resources based on demand fluctuations.

Remote Workforce and Collaboration: The shift towards remote work models has accelerated the demand for cloud-based collaboration tools, virtual desktops, and secure remote access solutions, driving cloud adoption.

Technological Advancements: Continuous advancements in cloud technologies, such as AI, machine learning, edge computing, and quantum computing, are expanding the capabilities and use cases of cloud services across the MEA region.

Government Initiatives and Support: Initiatives by governments and regulatory bodies to promote digital infrastructure development and support cloud adoption through policies, incentives, and investments.

Industry-Specific Solutions: Tailored cloud solutions designed to meet the specific needs and regulatory requirements of industries such as healthcare, finance, and public sector are driving targeted adoption and growth.

Partnerships and Collaborations: Strategic partnerships between cloud service providers, technology vendors, and local enterprises are fostering innovation, expanding service offerings, and accelerating digital transformation journeys.

Economic Growth and Market Competitiveness: Cloud computing is seen as a catalyst for economic growth, enabling businesses to improve operational efficiency, innovate faster, and maintain competitiveness in a globalized market landscape.

These companies are driving the growth of the MEA cloud computing market by offering robust and innovative cloud solutions tailored to meet the evolving needs of businesses in the region.

  • AWS (US):
  • IBM (US):
  • Alibaba Cloud (China):
  • SAP (Germany):
  • Salesforce (US):

AWS (US):

  • Market Share: AWS dominates the global cloud market, including MEA, with a significant share.
  • Key Offerings: AWS provides a comprehensive range of cloud services, including computing power, storage solutions, database management, machine learning, and IoT services. They cater to diverse industries with scalable, secure, and innovative cloud solutions.

IBM (US):

  • Market Share: IBM is a prominent player in the MEA cloud market, particularly known for hybrid cloud solutions.
  • Key Offerings: IBM Cloud offers hybrid cloud platforms, AI-powered analytics, blockchain solutions, and quantum computing capabilities. They focus on enterprise-grade cloud services with strong security features and integration options.

Alibaba Cloud (China):

  • Market Share: Alibaba Cloud is expanding its presence in the MEA region, leveraging its strong position in Asia.
  • Key Offerings: Alibaba Cloud provides cloud computing services, including elastic computing, storage, databases, networking, and AI solutions. They offer localized data centers, catering to regional regulatory requirements and supporting international expansion.

SAP (Germany):

  • Market Share: SAP is known for its enterprise applications and cloud solutions, holding a notable position in the MEA market.
  • Key Offerings: SAP Cloud Platform delivers enterprise cloud services, including ERP, CRM, analytics, and IoT solutions. They focus on integrating business processes and providing industry-specific cloud solutions for sectors like manufacturing, finance, and healthcare.

Salesforce (US):

  • Market Share: Salesforce is a leader in CRM solutions and is expanding its cloud offerings in the MEA region.
  • Key Offerings: Salesforce offers a cloud-based CRM platform that includes sales, service, marketing, and commerce cloud solutions. They emphasize customer-centric innovation and provide tools for collaboration, analytics, and app development on their cloud platform.

Related Reports:

MEA Cloud Computing Market by Offering (Service Model (laaS, PaaS, and SaaS)), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Vertical (BFSI, Energy and Utilities, and Manufacturing) and Region - Forecast to 2028

MEA Cloud Computing Market Size,  Share & Growth Report
Report Code
TC 7920
RI Published ON
9/21/2023
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status