Middle East & Africa Private Cloud Services Market Set for 28.77% CAGR Surge in 2023-28 Outlook

MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Middle East & Africa Private Cloud Services Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Middle East & Africa Private Cloud Services Market: 2023-2028

The Middle East & Africa Private Cloud Services Market size is estimated to grow at a CAGR of around 28.77% during the forecast period, i.e., 2023-28.

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What are the primary factors driving the growth of the Middle East & Africa Private Cloud Services Market?

The Middle East & Africa Private Cloud Services Market Driver: 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.

Middle East & Africa Private Cloud Services Market Segmentation:

The Middle East & Africa Private Cloud Services Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Service Model

-Infrastructure as a Service (IaaS)

-Platform as a Service (PaaS)

-Software as a Service (SaaS)

• The Software-as-a-Service (SaaS) category occupied a noteworthy share in the Middle East & Africa Private Cloud Services Market due to its increased adoption by educational institutions, healthcare industry, etc.

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.)

Geographical Analysis into the Middle East & Africa Private Cloud Services Market:

• The UAE
• Saudi Arabia
• Israel
• Turkey
• Egypt
• South Africa
• Rest of the Middle East & Africa

Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/mea-private-cloud-services-market.html                                        

Competitive Landscape and Middle East & Africa Private Cloud Services Market Share Analysis:

The competitive landscape of the Middle East & Africa Private Cloud Services Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

The report features major players including:

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

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

• What factors are driving the Middle East & Africa Private Cloud Services Market growth?
• How is the Middle East & Africa Private Cloud Services Market expected to grow over the next five years?
• What are the key insights into the current trends in the Middle East & Africa Private Cloud Services Market?
• What is the current size of the Middle East & Africa Private Cloud Services Market, and how is it projected to change in the future?
• What is the future outlook for the Middle East & Africa Private Cloud Services Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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