PUNE, India, August 1, 2016 /PRNewswire/ --
According to a new market research report "Middle East Cloud Infrastructure Services Market by Service Type (PaaS, IaaS, CDN/ADN, Managed Hosting & Colocation Services), Service Provider, Deployment Model, Industry Vertical, and Country (KSA, UAE & Qatar) - Forecast to 2021" published by MarketsandMarkets, the market is estimated to grow from USD 2.31 Billion in 2016 to USD 7.46 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 26.4%.
Browse 66 market data Tables and 46 Figures spread through 134 Pages and in-depth TOC on "Middle East Cloud Infrastructure Services Market"
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The major forces driving the Middle East Cloud Infrastructure Services Market are easy access to disaster recovery, faster deployment of infrastructure services & scalability features, and enhanced efficiency & business productivity. The Middle East Cloud Infrastructure Services Market is growing rapidly because of the transformation from on-premises infrastructure to cloud-based infrastructure across industries.
Platform as a Service (PaaS) expected to grow at the highest CAGR
There are various types of cloud infrastructure services offered by service providers such as Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Content Delivery Network / Application Delivery Network (CDN/ADN), managed hosting, and colocation services. As organizations have several applications to run on cloud, it is not feasible to run them without an appropriate interface or middleware. Thus, the demand for PaaS is increasing at the highest CAGR among all service types in the Middle East.
BFSI vertical to have the largest market size in 2016
The Middle East Cloud Infrastructure Services Market also segmented by various industry verticals; the Banking, Financial Services, and Insurance (BFSI) vertical is expected to contribute the maximum to the market growth as there is an increasing need for business agility, cost savings, and assertion of business continuity across this vertical.
Kingdom of Saudi Arabia (KSA) expected to dominate the Middle East Cloud Infrastructure Services Market during the forecast period
KSA expected to hold the largest share of the Middle East Cloud Infrastructure Services Market in 2016 due to the higher IT skills and higher IT budgets across industries in the country. However, the market in Qatar is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are technological advancements, along with mandatory regulations imposed by government regulatory entities to adopt the best-in-class technology and standards.
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The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include Cisco Systems (U.S.), IBM Corporation (U.S.), HP Enterprise (U.S.), Equinix, Inc. (U.S.), AWS (U.S.), Microsoft Corporation (U.S.), Injazat Data Systems (UAE), Malomatia (Qatar), Etisalat (UAE), Orixcom (Ireland), and eHosting Datafort (Kuwait).
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Infrastructure as a Service (IaaS) Market by Solution (Managed Hosting, Storage as a Service, DRaaS, Colocation, Network as a Service, Content Delivery, High Performance Computing as a Service), Deployment Types, End users, verticals, and Region - Global Forecast to 2020
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