Middle East & Africa Private Cloud Services Market 2023 – By Size, Share, Growth, Analysis, Trends and Forecast to 2028

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

Key Findings of the Study: Middle East & Africa Private Cloud Services Market

The Middle East & Africa Private Cloud Services Market Challenge:

The Middle East & Africa Private Cloud Services Market Challenge: Stringent Regulations Related to Private Cloud Services Market have Negative Effects on Growth

The countries in the Middle East region such as the UAE, Qatar, Saudi Arabia, etc., have various data protection and privacy regulations, which have been quite strict. Ensuring compliance with these regulations and implementing robust data security measures has been a challenge for organizations adopting & providing private cloud solutions. Hence, the stricter data protection laws and compliance requirements have posed additional complexities and costs for businesses in the region, which has significantly affected the growth of the Private Cloud Services Market.

In addition to these regulations, increased data breach cases as well as phishing activities prevalent in the region have also made enterprises susceptible to its usage. The cases of data breaches increased significantly as according to the Group-IB, the Middle East and Africa Business, at least 50 organizations were attacked by ransomware in 2021, which was an 85% increase from 2020. Thus, with the growing prevalence of cyber hacking activities and data security compliances, the market for private cloud has been experiencing a significant challenge, which is projected to remain same in the upcoming years as well.

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Scope of the Report and Middle East & Africa Private Cloud Services Market Segmentation

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.)

Top leading companies in the Middle East & Africa Private Cloud Services Market includes:

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

Middle East & Africa Private Cloud Services Market Development

• 2023: Tencent Cloud announced a partnership with Mobily, an integrated service company in Saudi Arabia for launching the next-generation cloud solutions and services. The services include an enterprise-grade private cloud platform using Tencent Cloud established product system.
• 2023: Amazon Web Services announced that its private cloud services in the UAE would now support Bring your own IP, which would enable consumers to bring their own IPv4 and IPv6 addresses, and utilize them across the internet.

For more detailed information about the Middle East & Africa Private Cloud Services market report, click here – https://www.marknteladvisors.com/research-library/mea-private-cloud-services-market.html                                         

Geographical analysis:

The UAE

Saudi Arabia

Israel

Turkey

Egypt

South Africa

Rest of the Middle East & Africa

• Saudi Arabia is anticipated to hold a sizeable market share in the Middle East & Africa Private Cloud Services Market in the coming years.

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