Middle East and Africa Cloud Infrastructure Services Market Expected to Behold a CAGR of 11.0% During 2018 – 2023

Initiatives by governments and corporates to promote emerging technologies, such as cloud and analytics, are expected to propel the Middle East and Africa cloud infrastructure services market growth

The Middle East and Africa (MEA) cloud infrastructure services market size is expected to grow from USD 2.80 billion in 2018 to USD 4.72 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. An increasing use of cloud-dependent technologies, such as Bring Your Own Device (BYOD) and Internet of Things (IoT), and business continuity requirements resulting in high demand for disaster recovery services are expected to fuel the growth of the cloud infrastructure services market in the MEA. Malware attacks on data in connected infrastructure is the biggest restraint for the market growth. Growth in managed IT services and telecom service providers leveraging existing infrastructure are expected to provide growth opportunities for the vendors of cloud infrastructure services.

 

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Storage as a service is expected to hold largest market size in 2018

Storage as a service segment offers enterprises the flexibility to scale up or scale down the storage capacity depending on their business requirements. Enterprises have been rapidly adopting storage as a service, as it provides various benefits, such as easy accessibility, reliability, and backup. Enterprises that lack the budget to implement and maintain its own storage infrastructure or hardware avail this service. To address the security needs of enterprise data, cloud-based storage offers security controls to ensure that all the data is stored securely in data center facilities and is instantly available.

 

Private cloud deployment model is expected to grow at highest rate during the forecast period

Private cloud deployment enables the enterprises to have better control over data and reduce risks, such as data loss and issues related to regulatory compliance. Private clouds are created for specific groups or organizations that require customization and control over their data. Enterprises opt for the private deployment model, as it provides a highly secure and centralized storage infrastructure that could only be accessed by authorized users.

 

South Africa is expected to hold the largest market size in 2018

The largest size can be attributed to increasing government initiatives and various cloud-related developments. Also, the establishment of offices of global cloud service providers in these countries is contributing to the promotion of cloud-based services. The primary driving forces for the largest size are technological advancements, along with mandatory regulations imposed by government regulatory authorities to adopt the best-in-class technologies and standards.

 

Read More about this report: https://watchersofmarkets.com/products/middle-east-and-africa-cloud-infrastructure-services-market-by-service-type-storage-as-a-service-compute-as-a-service-disaster-recovery-backup-as-a-service-managed-hosting-deployment-model-organization-size-vertical-country-forecast-to-2023

 

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

 

The break-up of the profiles of the primary participants is given below:

  • By Company: Tier 1: 26%, Tier 2: 41%, and Tier 3: 33%
  • By Designation: C-level: 31%, Director level: 36%, and Others: 33%
  • By Country: KSA: 22%, UAE: 31%, Qatar: 10%, South Africa: 26%, and RoMEA: 11%

 

The key vendors profiled in the report are as follows:

  1. Microsoft (US)
  2. AWS (US)
  3. IBM (US)
  4. Oracle (US)
  5. Google (US)
  6. Alibaba (China)
  7. Fujitsu (Japan)
  8. Injazat Data Systems (UAE)
  9. eHosting DataFort(UAE)
  10. BIOS Middle East Group(UAE)
  11. Orixcom (UAE)
  12. STC Cloud (Saudi Arabia
  13. Mobily (Saudi Arabia)
  14. Batelco (Bahrain)
  15. Emirates Integrated Telecommunications Company (UAE)
  16. Ooredoo (Qatar)
  17. Cloud4C (India)

 

Related Report:

Cloud Managed Services Market by Service Type (Managed Infrastructure Managed Network Managed Security Managed Data Center and Managed Mobility Services) Deployment Type Organization Size Industry Vertical and Region - Global Forecast to 2022

The increasing Information and Communications Technology (ICT) spending, growing trend of big-data and analytics, and the need to focus more on core business activities are driving the cloud managed services market.

The cloud managed services market size is estimated to grow from USD 27.15 billion in 2017 to USD 53.78 billion by 2022, at an estimated CAGR of 14.6%. The cloud managed services market is driven by factors such as increased adoption of managed services by SMEs and the increasing trend of mobile devices and big data analytics in the organizations. Concern over cloud security and privacy is going to hinder the market during the forecast period.

Read More: https://watchersofmarkets.com/products/cloud-managed-services-market-by-service-type-managed-infrastructure-managed-network-managed-security-managed-data-center-and-managed-mobility-services-deployment-type-organization-size-industry-vertical-and-region-global-forecast-to-2022

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Posted by on Saturday August 11 2018, 5:30 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Construction, Featured Press Release, Manufacturing, Manufacturing & Construction, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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