According to a research report "MEA Cloud Computing Market by Type (Service Model (IaaS, PaaS, and SaaS) and Service Type), Deployment Model (Public and Private), Organization Size, Vertical, and Region (Middle East, and Africa) - Forecast to 2026" published by MarketsandMarkets, the MEA cloud computing market size is expected to grow from USD 14.2 billion in 2021 to USD 31.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period.The Increased demand for cloud-based solutions and services during COVID 19, rising numbers of SMEs, business expansion by market leaders in the Middle East and Africa, and growing investments in cutting-edge technologies and governmental initiatives toward digital transformation are a few factors driving the growth of the cloud computing solutions and services in MEA.
Browse 197 market data Tables and 61 Figures spread through 252 Pages and in-depth TOC on "MEA Cloud Computing - Forecast to 2026"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=127445982Adoption of IaaS is noticeably increasing in MEA among large enterprises due to security and reduced cost of hardware resourcesIaaS is a form of cloud computing that delivers fundamental compute, network, and storage resources to consumers on-demand, over the internet, and on a pay-as-you-go basis.
The IaaS cloud computing platform layer eliminates the need for every organization to maintain the IT infrastructure.Growing trend of expanding business operations while working within the existing infrastructure to drive the cloud migration servicesImplementation services ensure configuration and change management is in place and operational before moving any resource to the cloud, while migration services help move enterprises applications and data from the on-premises infrastructure to the cloud system, which is a virtual pool of scalable compute, network, and storage resources.
The primary reason for the high demand for cloud migration services are scalability, flexibility for fluctuating workloads, improved productivity, agility, enhanced application security, and reduced costs.Increased awareness related to cloud benefits among small and medium-sized enterprises is driving its adoptionOrganizations with an employee strength of less than 1,000 are categorized under SMEs.
SMEs do not want expensive disaster recovery or backup offerings, nor do they need advanced functionalities related to IaaS, PaaS, and managed services.
Some of the major vendors offering cloud applications to SMEs in the Middle East include Oracle, IBM, and Adobe Systems.Corporates are choosing private cloud due to security concerns caused by the increasing number of cyberattacksA private cloud is a computing model that offers a proprietary environment dedicated to a single business entity.