DALLAS, April 29, 2015 /PRNewswire/ --
According to a new market research report "Middle East Cloud Infrastructure Services Market by Services (PAAS, IAAS, CDN/ADN, Managed Hosting, and Colocation), by Deployment (Public, Private, and Hybrid), by Countries (KSA, UAE, Qatar, and Others) - Forecasts and Analysis (2015 - 2020)", published by MarketsandMarkets, The Middle East Cloud Infrastructure Services Market is estimated to grow from 1.84 Billion in 2015 to $5.44 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 24.2% from 2015 to 2020.
Browse 69 market data Tables and 39 Figures spread through 130 Pages and in-depth TOC on "Middle East Cloud Infrastructure Services Market"
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The acceptance of cloud would accelerate in the coming time due to the adoption of private cloud and SaaS by the enterprises. This market is segmented into services, deployment model, verticals and countries. Cloud infrastructure services provide excellent high end services such as colocation services to offer more space, power and cooling, and physical security for the servers. These services are deployed on cloud to yield better outcomes due to flexibility and agility features.
MarketsandMarkets has broadly segmented the Middle East Cloud Infrastructure Services Market by services: IaaS, PaaS, CDN/ADN, Managed Hosting, and Colocation; by verticals: BFSI, retail & wholesale, healthcare & life sciences, government, telecommunication and Information Technology (IT), manufacturing, media and entertainment, travel & hospitality, and others; by countries: KSA, UAE, Qatar, and others.
MarketsandMarkets believes that the data security concerns associated with consumers regarding their critical data storage in the cloud and high cost of initial investments are the major constraints in the Middle East Cloud Infrastructure Services Market. These challenges carry significant potential of hampering the adoption rate of Middle East cloud infrastructure services by numerous SMBs across a wide range of verticals.
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The Middle East Cloud Infrastructure Services Market is estimated to grow from 1.84 billion in 2015 to $5.44 billion in 2020, at a Compound Annual Growth Rate (CAGR) of 24.2% from 2015 to 2020. In country segmentation, KSA is expected to be the biggest market in terms of revenue contribution while UAE, Qatar, and others are expected to emerge rapidly in this market with high CAGRs.
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