The MEA Cloud Computing Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 17.2 % during the forecast period, to reach USD 31.4 billion by 2026 from USD 14.2 billion in 2021. Increased demand for cloud computing solutions during COVID 19, rising numbers of crimes, increased focus on work from home concept are expected to spur the demand for cloud computing offerings across the globe.
Adoption of IaaS is noticeably increasing in MEA among large enterprises due to security and reduced cost of hardware resources
IaaS is a form of cloud computing that delivers fundamental compute, network, and storage resources to consumers on-demand, over the internet, and on a pay-as-you-go basis. IaaS refers to a combination of hosting, hardware, provisioning, and the basic services needed to run a cloud. Using the service, an organization can outsource the equipment used to support operations, including storage, hardware, servers, and networking components. Most providers offer components, such as compute and storage, with supporting services, including auto-scaling and load balancing, which will provide the scale and performance characteristics. In traditional hosting services, IT infrastructure was rented out for a specific period of time, with pre-determined hardware configuration. The client paid for the configuration and time, regardless of the actual use. With the help of the IaaS cloud computing platform layer, organizations can dynamically scale the configuration to meet the changing requirements and are billed only for the services actually used. The IaaS cloud computing platform layer eliminates the need for every organization to maintain the IT infrastructure.
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Growing trend of expanding business operations while working within the existing infrastructure to drive the cloud migration services
Implementation services ensure configuration and change management is in place and operational before moving any resource to the cloud, while migration services help move enterprises applications and data from the on-premises infrastructure to the cloud system, which is a virtual pool of scalable compute, network, and storage resources. Implementation services enable clients to quickly accomplish business goals for utilizing the cloud strategy by planning, accessing the current system, performing quality validation and verification, and offering support. These services ensure a successful and secure deployment on any infrastructure, such as private cloud, public cloud, or hybrid cloud. They also provide training sessions for executives, program managers, and technical teams to ensure they are updated with the latest trends and on the offerings of the new cloud infrastructure. These training programs enable stakeholders to utilize these offerings to the fullest to achieve the set goals. According to industry experts, several enterprises across geographies plan to migrate their enterprise workloads to cloud to leverage different benefits including flexibility, reliability, availability, and security. It is expected by 2025 that 70% of enterprise workloads will be running on the cloud infrastructure. The primary reason for the high demand for cloud migration services are scalability, flexibility for fluctuating workloads, improved productivity, agility, enhanced application security, and reduced costs.
The major players have implemented various growth strategies to expand their regional presence and increase their market shares in MEA. Key players such as Microsoft, AWS, IBM, Google and Alibaba Cloud have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the MEA Cloud Computing Market.
Microsoft has been working extensively toward becoming an exclusive cloud provider. It is one of the major vendors of MEA Cloud Computing Market. Microsoft has more than 5,400 solutions from 2,500 providers in its marketplace and is growing at 130% year on year. It supports both pay-as-you-go and bring-your-own licensing models, as well as custom licensing in private offerings that are arranged between the seller and buyer outside Microsoft’s influence. Azure is Microsoft's public cloud platform which offers a large collection of services including platform as a service (PaaS), infrastructure as a service (IaaS), and managed database service capabilities. The company is equally focused on organic and inorganic business growth strategies to strengthen its footprint in the MEA Cloud Computing Market. In organic growth strategies the company introduced two more datacenter regions in the Middle East and Africa, strengthening its cloud footprint in the region. In inorganic growth strategies Microsoft chose to adopt partnerships, collaborations, and acquisitions. Microsoft partnered with Sitecore, Etisalat, Dubai tourism, KEO International Consultant, Main One for increasing its digital presence in MEA region.
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Google is an eminent player in the MEA Cloud Computing Market, as it provides strong offerings such as solutions, products, and services for cloud computing market. With its cloud services, Google enables enterprises to deliver high-quality, on-demand services at a rapid pace to their customers. Google provides highly scalable and suitable services for large- and mid-sized enterprises across the full spectrum of the cloud. Google is also strong in terms of flexibility. Google has invested heavily in building out its regional presence and network, which has made it one of the biggest cloud providers in terms of coverage. With 24 regions and 73 zones in 17 countries, Google Cloud delivers high-performance, low-latency cloud services to our customers no matter where they are around the globe. The company is consistently focusing on catering to its customers with highly competent technology-enabled services in the cloud professional services market to hold one of the leading positions. Google Cloud has emerged as a viable first-tier cloud vendor with strong offerings in all three cloud categories: IaaS, PaaS and SaaS. Its cloud services emphasize portability and security, and Google has realigned its efforts around enterprises and industry verticals. Google chose to adopt partnerships, collaborations, and acquisitions. Microsoft partnered with Databricks, Broadcom Inc, Daxos, Saudi Aramco and Bespin Global MEA for increasing its digital presence.
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