Cloud computing is the distribution of on-demand computing services such as storage, platform, databases, server, networking, and software, generally over the internet and on a pay-as-you-go basis. The companies can rent cloud storage access ranging from applications to storage via a cloud service provider. Cloud computing offers numerous benefits such as it helps to reduce operational cost, minimizes complexity to manage or maintain IT infrastructure, and many other benefits. Cloud computing is widely used by various industries such as healthcare, retail & consumer goods, BFSI, IT & Telecommunication, and others.

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The major factors that are driving the growth of the Saudi Arabia Cloud Computing market are the growing implementation of cloud computing across numerous industries such as BFSI, media & entertainment, hospitality, and retail & consumer goods and the increasing amount of data generation driven by the extensive usage of mobile apps and websites. Growing digitalization followed by the rising number of government initiatives, such as Saudi Vision 2030, is further surging the demand for cloud computing to store data at a lower cost. Various other government initiatives, such as Smart city Neom, is boosting the number of connected devices, which in turn, is leading to the rise in the demand for cloud computing. Moreover, the growing volume of data generated through smart devices such as smartphone, and tablets, along with the increasing emphasis on enhancing customer satisfaction by delivering customer-centric application and increasing necessity to Control And Decrease Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are fuelling the growth of advanced technologies such as Artificial Intelligence (AI), and Machine Learning (ML), thereby accelerating the adoption of cloud computing. On the other end of the spectrum, the rising concern related to data security, the growing risk of cyber-attack, and the lack of skilled workforce are some of the factors which will have a negative impact on the growing demand of the market over the forecast period.

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Based on the deployment model, the public cloud segment is expected to grow at a higher CAGR in the market during the forecast period owing to accelerated adoption of public cloud driven by its exceptional advantages, such as easy deployment, low cost, highly scalable & reliable, and provides high security.

Based on the service model, the Infrastructure as a Service (IaaS) is expected to grow at a higher CAGR during the forecast period owing to the high adoption of IaaS as it enables organizations to leverage their IT infrastructure without any requirement of physical construction. The Infrastructure as a Service (IaaS) offers remarkable benefits such as flexibility, easy & scalable access to the application, mobility, and improved collaboration to help organizations to focus on their core businesses. It also improves network connectivity, automates administrative tasks, dynamic scaling, and provides platform virtualization. All these factors are likely to attract a large number of end-users to opt for IaaS in the coming years.

Based on the organisation size, the Small and Medium-sized Enterprises segment is projected to grow at a higher CAGR in the market during the forecast period attributed to the increasing adoption of cloud technologies among small and medium-sized enterprises to reduce operational cost & time.

Based on the Vertical, the Banking, Financial Services, and Insurance (BFSI) segment is expected to lead the market during the forecast period owing to the high adoption of cloud computing to provide enhanced customer satisfaction and reduce their operational cost. Growing adoption of blockchain in the BFSI sector in Saudi Arabia is further surging the demand for cloud computing to store data and databases. For instance, in 2018, the municipality of Riyadh entered into a partnership with IBM to implement a series of blockchain technologies in numerous administrative and economic areas of the country. This partnership is under the Saudi Vision 2030 program, which is a long-term development program that focuses on diversifying the economy and encouraging the integral development of the nation.

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Various notable players operating in the Saudi Arabia Cloud Computing market include Amazon Web Services, Inc., Microsoft Corporation, Google LLC, Oracle UAE, IBM Middle East FZ LLC, Alibaba Cloud, Rackspace Inc., Salesforce.com, Inc., Adobe Inc., VMware, Inc., SAP Middle East FZ LLC, Fujitsu United Arab Emirates, among others.

Key Developments:

• • In Apr 2018, SAP launched its first Public Cloud Data Center in the Saudi Arabia to empower Saudi Vision 2030. Using the SAP Public Cloud Data Center, enterprises can adopt OPEX-friendly and scalable cloud solutions for around 25 industries and 12 lines of business.
  • In Apr 2018, Microsoft launched Azure Stack, its hybrid cloud-computing product, in the Saudi Arabia market, in collaboration with its partners, Sahara Net and Lenovo. With this collaboration, the company provides access to Azure Stack, for all sector customer, which meets their hybrid cloud computing requirements with integrated technical support in less time.

The Saudi Arabia Cloud Computing market has been segmented based on Service Model, Deployment Model, Organisation Size, Workload, and Industry Vertical. Based on Service Model, the market is segmented into Infrastructure as a Service, Platform as a Service, and Software as a Service. Based on deployment model, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on organisation size, the market is segmented into Small and Medium-Sized Enterprises, and Large Enterprises. Based on workload, the market is segmented into Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Enterprise Resource Management, and Collaboration and Content Management. Based on industry vertical, the market is segmented into Banking, Financial Services and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment¸ Healthcare and Life Sciences, and Others.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Cloud Computing market growing? What will be the trend in growth in the future?
  • What are the key drivers and restraints in the Saudi Arabia Cloud Computing market? What will be the impact of drivers and restraints in the future?
  • What are the various industry verticals of the Saudi Arabia Cloud Computing market, and how are they poised to grow?
  • Which Workload generated maximum revenues in 2019 and identify the most promising Workload during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Service Model, By Deployment Model, By Organisation Size, By Workload, By Industry Vertical
Regional Coverage	Saudi Arabia
Companies Profiled	Amazon Web Service, Inc., Microsoft Corporation, Google LLC, Salesforce.com, Inc., among others; a total of 12 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Saudi Arabia Smart Meter Market by Service Model

• • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service

Saudi Arabia Cloud Computing Market by Deployment Model

• • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Saudi Arabia Cloud Computing Market by Organisation Size

• • Small and Medium-Sized Enterprises
  • Large Enterprises

Saudi Arabia Cloud Computing Market by Workload

• • Storage, Backup, and Disaster Recovery
  • Application Development and Testing
  • Database Management
  • Business Analytics
  • Integration and Orchestration
  • Enterprise Resource Management
  • Collaboration and Content Management

Saudi Arabia Cloud Computing Market by Industry Vertical

• • Banking, Financial Services and Insurance
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Others

Major Players Operating the Leading Saudi Arabia Cloud Computing (Option 1: As a part of free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Amazon Web Services, Inc.
  • Microsoft Corporation
  • Google LLC
  • Oracle Saudi Arabia
  • IBM Middle East FZ LLC
  • Alibaba Cloud
  • Rackspace Inc.
  • com, Inc.