UAE Cloud Computing Market Breakdown By Size, Share, Growth, Trends, and Industry 2030- MarkNtel Advisors

 According to Markntel Advisors Report, UAE Cloud Computing Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Cloud computing refers to the supply of computing services, including storage, databases, networking, software, and analytics, over the Internet. This model enables users to access and utilize computing resources without the need for on-premises infrastructure or upfront investments in hardware and software. Cloud computing services are provided by a third party, known as a cloud service provider, who maintains and manages the underlying infrastructure in secure data centers.

 

UAE Cloud Computing Market Research Report & Summary:

The UAE Cloud Computing Market size is estimated to grow at a CAGR of around 36.12% during the forecast period, i.e., 2024–30.          

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the UAE Cloud Computing Market?

The top companies of the UAE Cloud Computing Market ruling the industry are: 

Microsoft Corporation, Inc., IBM Corporation, Google, Oracle Corporation, Amazon Web Services, Inc., Alibaba Cloud, Salesforce Inc., SAP, Etisalat, Adobe Inc., Rackspace Technology, Others

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What is Included in UAE Cloud Computing Market Segmentation?

The UAE Cloud Computing Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Service Type

-Infrastructure-as-a-Service- Market Size & Forecast 2019-2030, (USD Million)

-Platform-as-a-Service- Market Size & Forecast 2019-2030, (USD Million)

-Software-as-a-Service- Market Size & Forecast 2019-2030, (USD Million)

-By Deployment Type

-Public Cloud- Market Size & Forecast 2019-2030, (USD Million)

-Private Cloud- Market Size & Forecast 2019-2030, (USD Million)

-Hybrid & Multi Cloud- Market Size & Forecast 2019-2030, (USD Million)

-By Enterprise Size

-Large- Market Size & Forecast 2019-2030, (USD Million)

-Small & Medium- Market Size & Forecast 2019-2030, (USD Million)

-By End User

-Banking, Financial Services & Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)

-Government & Public Sector- Market Size & Forecast 2019-2030, (USD Million)

-IT & Telecom- Market Size & Forecast 2019-2030, (USD Million)

-Healthcare- Market Size & Forecast 2019-2030, (USD Million)

-Education- Market Size & Forecast 2019-2030, (USD Million)

-Retail- Market Size & Forecast 2019-2030, (USD Million)

-Others (Real Estate, Manufacturing, etc.) - Market Size & Forecast 2019-2030, (USD Million)

-By Region

-Dubai

-Abu Dhabi & Al Ain

-Sharjah & Northern Emirates

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Market Dynamics -UAE Cloud Computing Market:

Surging Digital Transformation Initiatives Driving the Cloud Computing Industry – In recent years, the United Arab Emirates (UAE) has been at the forefront of embracing digital transformation, with both government entities and businesses actively pursuing initiatives to modernize their IT infrastructure and processes. Consequently, there has been a noticeable surge in the desire for cloud computing solutions throughout the country. The UAE government has outlined ambitious visions and strategies, such as UAE Vision 2021 and the Dubai Smart City project, that emphasize the importance of digital transformation. For instance,

·         In 2023, the UAE Central Bank announced a new digital currency, open finance, and a domestic card payment initiative to accelerate digital transformation in the financial services sector.

These initiatives serve as catalysts for technological progress, fostering an environment conducive to the widespread adoption of cloud computing, which would positively augment market growth during 2024–2030.

Expansion of SMEs to Open New Doors for Market Growth – SMEs (Small & Medium Enterprises) have always played an important role in increasing the demand for cloud computing services in the UAE. Initiatives of the UAE & government, like the Mohammed Bin Rashid Establishment for SME Development, have continuously brought new schemes that support SME growth in the UAE. Consequently, the UAE has a thriving ecosystem of SMEs, which are increasingly recognizing the benefits of cloud computing in reducing IT infrastructure costs, improving agility, and enhancing productivity. For instance,

According to the UAE Ministry of Economy, Abu Dhabi Chamber, with approximately 1.5 million SMEs currently registered in the GCC, the sector has the potential to generate 22 million jobs in 2022 and contribute a significant percentage of annual GDPs for many of the region’s economies. SME share in the Abu Dhabi economy was around 29% (44% in the nonoil economy) in 2022.

Hence, cloud providers have the opportunity to cater to the specific needs of SMEs by offering scalable and cost-effective cloud solutions in the upcoming years.

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