Cloud Computing in MEA: Fast-Growing Market Fueled by Fintech, E-Commerce, and S

1. Cloud Computing in MEA: Fast-Growing Market Fueled by Fintech, E-Commerce, and SaaS Demand According to a research report "MEA Cloud Computing Market by O?ering (Service Model (laaS, PaaS, and SaaS)), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Vertical (BFSI, Energy and Utilities, and Manufacturing) and Region - Forecast to 2028" published by MarketsandMarkets, the MEA Cloud Computing Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.6 % during the forecast period, to reach USD 49.5 billion by 2028 from USD 21.1 billion in 2023. Market Dynamics DRIVERS Digital transformation across the government services sector pushing cloud adoption Rise of e-commerce and online retail is creating fertile grounds for cloud computing A thriving data center ecosystem in the MEA is driving the popularity of cloud hosting services Rapidly growing fintech landscape is driving the demand for cloud infrastructure services RESTRAINTS High prevalence of pirated cloud software across MEA Negative perceptions of SMEs towards public cloud hampering cloud adoption strategies OPPORTUNITIES Rising a?inity towards digital health is augmenting cloud adoption Conducive environment for SaaS vendors is propelling cloud migration Expansion of telecom operators into the cloud services space For Business Growth Download PDF By service model ,SaaS segment to hold the largest market size during the forecast period

2. Software as a Service (SaaS) in cloud computing refers to a delivery model where software applications are hosted and provided over the internet by third-party cloud service providers. Users access these applications through web browsers, eliminating the need for local installations and maintenance. SaaS offers scalability, flexibility, and cost-effectiveness, as users can subscribe to services on a pay-as-you-go basis, receive regular updates, and benefit from centralized data storage and security measures, making it a popular choice for businesses seeking to streamline IT operations and enhance accessibility while minimizing infrastructure investments. By PaaS ,data management segment to hold the largest market size during the forecast period Data management in Platform as a Service (PaaS) within cloud computing refers to the comprehensive suite of tools, services, and infrastructure provided by cloud providers to efficiently store, process, and analyze data. PaaS offerings enable businesses to leverage scalable databases, data warehouses, and analytics platforms without the burden of managing underlying hardware and software infrastructure. This allows organizations to focus on developing and deploying applications, ensuring data security, and harnessing data-driven insights, ultimately streamlining their operations and enhancing decision-making capabilities in a cost-effective and agile manner. Download Sample Report for your business growth Top MEA Cloud Computing Companies 2024 include Microsoft (US) Google (US) AWS (US) IBM (US) Alibaba Cloud (China) and many more.... By vertical, BFSI segment to hold the largest market size during the forecast period The BFSI (Banking, Financial Services, and Insurance) sector has increasingly embraced cloud computing to revolutionize its operations. Leveraging the scalability, agility, and cost-efficiency of cloud services, BFSI organizations are able to enhance customer experiences, streamline data analytics for risk assessment and fraud detection, and ensure robust data security and compliance. Cloud solutions enable rapid deployment of new financial services, facilitate remote access to critical applications, and reduce infrastructure costs, ultimately enabling BFSI institutions to stay competitive in a dynamic and data-driven industry while adhering to stringent regulatory requirements. Africa to hold the second largest market size during the forecast period Africa is experiencing a burgeoning interest in cloud computing, marked by heightened investments and widespread adoption throughout the continent. This surge is driven by both businesses and governments eager to leverage the advantages of digital transformation, with cloud services serving as a pivotal tool in providing scalable, cost- efficient, and accessible computing resources. This section of the report segments the

3. cloud applications industry in the Africa, based on countries such as South Africa, Egypt ,Nigeria, and other countries. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com