As per the GMI Research’s latest report, the UAE Cloud Computing market is expected to grow at a CAGR of 38.2% during the forecast period.

Cloud computing is the delivery of on-demand computing services such as a server, database, storage, analytics, intelligence, and software through the internet. Cloud computing eliminates the capital expenses of purchasing hardware or software, enhances the overall productivity, is highly reliable, and strengthens the security by protecting the data, apps, and infrastructure from potential threats. Most cloud computing services fall into three categories: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Cloud computing is widely used for testing and building different applications, storing and analyzing data, and streaming audios & videos.

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The primary factor driving the growth of the UAE Cloud Computing market during the forecast period includes the growing demand for cloud computing technology driven by its data value extraction capabilities using advanced technologies such as blockchain and Artificial Intelligence (AI) in the UAE. The rising adoption of cloud computing across numerous industries such as BFSI, media & entertainment, hospitality, and retail & consumer goods, will drastically drive the demand for cloud computing technologies in the UAE over the coming years. In addition to this, the government has launched several initiatives, including the National Innovation Strategy aims to develop a culture of innovation among individuals and organizations, and the TRA Vision focuses on promoting electronic transformation while encouraging innovation across the UAE. These initiatives are mainly focusing on technological innovation, thereby boosting the usage of cloud computing technologies in the region. Moreover, the other initiatives such as UAE Vision 2021, Dubai Smart City, and Abu Dhabi Vision 2030, will accelerate the demand for real-time operations to transform public services & experience, thus increasing the adoption of cloud computing across the UAE. The increasing volume of data generation on website and mobile applications and the rising need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) will fuel the growth of emerging technologies including Artificial Intelligence (AI) and Machine Learning (ML). The increasing focus of multinational giants towards enhanced customer experience will propel technological development in the customer-centric applications for driving better customer satisfaction. This emerging demand for technological advancement will encourage the usage of cloud computing technologies in customer apps over the coming years. On the other hand, the rising data security concerns and the lack of skilled workforce in the market will hamper the growth of the UAE Cloud Computing market during the forecast period.

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Based on the deployment model, the hybrid cloud segment is expected to grow at a higher CAGR during the forecast period owing to the increasing adoption of hybrid cloud in numerous industries, especially in the Small & Medium Enterprises (SMEs) across the UAE. Moreover, the expanding user and resource mobility and the growing application of cloud migration will encourage the adoption of hybrid cloud. Various multinational giants such as IBM have launched different cloud services in UAE to capture the changing demand of the end-users.

Based on organisation size, the Small and Medium-sized Enterprises segment is projected to grow at a higher CAGR during the forecast period due to the increasing adoption of cloud computing technologies by small and medium sized enterprises driven by its remarkable advantages such as high flexibility, easy to use, and cost-effective. It also offers pay-for-what-you-use payment models and reduces operational cost along with customized options as per the end-user needs.

Based on the Vertical, the Retail and Consumer Goods market is estimated to grow at a significant rate during the forecast period. This is attributed to the growing awareness regarding the remarkable benefits offered by the cloud-computing solution and software, among the retailers.

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Various notable players operating in the UAE 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 Jan 2020, IBM launched two data centers in UAE, one in Dubai and one in Abu Dhabi, to offer cloud-managed services to organizations and help them to accelerate their journey to hybrid cloud.
  • In Jul 2019, Amazon Web Service opened three data centers in Bahrain, UAE, to deliver cloud storage to regional organizations growing demand.
  • In Jun 2019, Microsoft launched two regional cloud services from its new data centers in Dubai and Abu Dhabi.

The UAE 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 UAE Cloud Computing market growing? What will be the trend in growth in the future?
  • What are the key drivers and restraints in the UAE Cloud Computing market? What will be the impact of drivers and restraints in the future?
  • What are the various industry vertical areas of the UAE Cloud Computing market, and how are they poised to grow?
  • 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	Value (USD Million)
Market Segment	By Service Model, By Deployment Model, By Organisation Size, By Workload, By Industry Vertical
Regional Coverage	UAE
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:

UAE Cloud Computing Market by Service Model

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

UAE Cloud Computing Market by Deployment Model

• • Public Cloud
  • Private Cloud
  • Hybrid Cloud

UAE Cloud Computing Market by Organisation Size

• • Small and Medium-Sized Enterprises
  • Large Enterprises

UAE 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

UAE 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

Leading market players (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 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