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
Middle East & Africa Private Cloud Services Market Driver: Pharmaceutical Industrial Expansion Driving Market Growth
Over the years, the prevalence of diseases in Saudi Arabia has drastically increased owing to factors like genetic predisposition & lifestyle changes. Based on the clinical research conducted by the National Institute of Health (NIH), the incidence of hypertension among men is approximately 17.7%, and that among women is about 12.5%. These rising health-related issues are highlighting the importance of medical drugs. As a result, private firms & official authorities are actively disbursing funds to develop the pharmaceutical industry. For instance, in 2023, the Public Investment Fund (PIF) in Saudi Arabia launched Lifera to enable the growth of the local biopharmaceutical sector in Saudi Arabia. These industries depend on caps & different closures to maintain the pressure & quality of the therapeutic drugs stored in bottles & tubes. Hence, the expansion of the pharmaceutical sector in Saudi Arabia to boost local drug manufacturing & enhance healthcare security is driving Middle East & Africa Private Cloud Services Market growth.
Moreover, the government of Saudi Arabia would continue to allocate substantial funds to encourage the development of pharmaceutical units in the nation. This would consequently result in boosting the Saudi Arabia Caps & Closure Market during the forecast years.
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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.
Note: If you require specific information not covered in the current report, we can provide it through customized option
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