According to the report analysis, ‘MENA Market Insights on Cloud Infrastructure: Insights and Forecast, 2018-2024: Emphasis on Deployment Type (Public Cloud, Private Cloud), Public Cloud Services (SaaS, PaaS, IaaS, Cloud Advertising, BPaaS), End User (Banking, Financial Services and Insurance, Retail, Telecom & IT, Healthcare, Media & Entertainment, Government Agencies, Education, Energy, Manufacturing, Other Industries)’ states that Cisco System Inc., Equinix Inc., Google Inc., IBM Corporation, Salesforce. Salesforce.com, AT&T Inc, Amazon Web Services Inc., DXC Technology Company, HP Inc., Rackspace Hosting Inc. and many more are the foremost companies which presently functioning in the cloud infrastructure market more actively for keep maintaining the dominant position, obtaining the competitive edge, registering the great value of market share, generating the highest percentage of revenue and leading the highest market growth by improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and advantages of cloud infrastructure, delivering the better customer satisfaction, decreasing the associated prices of such, employing the young and active personnel, implementing the policies of profit making and strategies of expansion, analysing the strategies and policies of government as well as similar entities and establishing the several research and development programs.
Cloud computing services market would find prodigious opportunity in the developing economies. These countries are on the verge of development and shortage in financial resources, therefore, requirement cost efficient solutions. In this situation, they can get a chance of saving their IT expenditures by implementing cloud computing services. With the expanded applications of the cloud computing services, small as well as the large enterprises are moving to high technologies comprising cloud computing services to flourish during the future. The struggle of the developing economics to gain a beneficial position in the world is acting acts as an opportunity throughout MENA Cloud Infrastructure Market Forecast.
Cloud computing assist enterprises use remote servers hosted on the internet to store, manage, and process critical data. The growing volume of data generation in websites and mobile apps, the augmenting focus on conveying the customer-centric applications for propelling customer satisfaction, and the augmenting need to control and decrease the Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are a few aspects propelling the growth of the emerging technologies. Emerging technologies, such as big data, AI, and Machine Learning (ML), are obtaining traction, leading to the Growth of the Cloud Infrastructure Market MENA. Major aspects, such as data security, faster Disaster Recovery (DR), and meeting compliance requirements, are propelling the growth of cloud infrastructure. The requirement to mitigate risks, achieve scalability and flexibility to move and store data, reduce storage and infrastructure complexities, and augment business efficiency leads to the growth of the cloud infrastructure.
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Segmentation by Deployment Model – Public cloud services controlled prominent share in MENA cloud infrastructure market followed by private cloud owing to growing requirement for the cost effective solutions for data storage.
Segmentation by Public Cloud Services – Cloud advertising public cloud services registered the regional cloud infrastructure market commonly attributed to surge in number of SMEs and varying perception of organization and consumers about the advantage and profitability of digital technology.
Segmentation by Private Cloud Services – Managed Hosting held the extreme share in regional cloud infrastructure market due to high frequency bandwidth forward-thinking infrastructure and unceasing security followed by co- location services.
Segmentation by End-User Industry – Since, in Telecom & IT sector enormous amount of data is generated, owing to this, the segment has emerged as the principal adopter of cloud computing and dominated for foremost share in the region and is projected maintain its dominance throughout the forecasted period.
Segmentation by Country – UAE constitute as the principal computing services market in the region followed by Qatar and Saudi Arabia. Cloud market in UAE is still at nascent stage and is projected to witness speedy growth in years to come owing to high implementation rate among SME’s and digital transformation agenda.
In terms of revenue, Middle East and North Africa cloud infrastructure market displayed remarkable CAGR growth throughout the forecasted duration; 2018-2024. Owing to constant technological advancements, rising implementation of cloud infrastructure services among public and private enterprises along with government agencies has suggestively bolstered the requirement for advanced technology in the region. In addition, Government’s focus to utilize the cloud computing for broadening access to services delivered by the government, achieve higher efficiency and improvise service levels and burgeoning investments in cloud computing has further influenced the market value of cloud infrastructure in the region.
For More Information, refer to below link:-
Middle East Cloud Infrastructure Market Research Report
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