MarkNtel Advisors recently published a detailed industry analysis of the Middle East & Africa Private Cloud Services Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Middle East & Africa Private Cloud Services Market (2023-2028)
The Middle East & Africa Private Cloud Services Market is estimated to grow at a CAGR of around 28.77% during the forecast period, i.e., (2023-28).
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What is driving the Middle East & Africa Private Cloud Services Market?
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.
What segments define the Middle East & Africa Private Cloud Services market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
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.)),
By Country
(The UAE, Saudi Arabia, Israel, Turkey, Egypt, South Africa, Rest of the Middle East & Africa)
Explore the Complete Middle East & Africa Private Cloud Services Market Analysis Report – https://www.marknteladvisors.com/research-library/mea-private-cloud-services-market.html
Who are the leading key players shaping the Middle East & Africa Private Cloud Services Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the Middle East & Africa Private Cloud Services Market growth?
2.How is the Middle East & Africa Private Cloud Services Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Middle East & Africa Private Cloud Services Market?
4.What is the current size of the Middle East & Africa Private Cloud Services Market, and how is it projected to change in the future?
6.What is the future outlook for the Middle East & Africa Private Cloud Services Market in terms of technological advancements and market expansion?
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