Saudi Arabia Cloud Storage Market is expected to grow at a robust CAGR
Saudi
Arabia cloud storage market is rising due to increased adoption of digital
transformation and data storage solutions across various industries during the
forecast period.
According
to TechSci Research report, “Saudi
Arabia Cloud Storage Market –
By Region, Competition, Forecast and Opportunities, 2018-2028”, the
Saudi Arabia cloud storage market is experiencing substantial growth driven by
the country's increasing emphasis on digital transformation and the adoption of
cloud-based technologies across various sectors. With a rapidly expanding
economy and a burgeoning demand for efficient data storage and management
solutions, the market has witnessed a surge in investments by both local and
international cloud service providers. This dynamic shift towards cloud storage
solutions is underpinned by factors such as the need for scalable and
cost-effective data storage, improved data accessibility, and enhanced disaster
recovery capabilities. Furthermore, the government's vision to diversify the
economy and reduce its reliance on oil revenue has stimulated various
industries to modernize their operations, creating a heightened demand for
cloud storage services. As a result, the Saudi Arabia cloud storage market
presents substantial opportunities for businesses to cater to the evolving
digital needs of the region and harness its burgeoning potential.
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Based
on type, the
services segment took the lead in the Saudi Arabia cloud storage market, and it
is expected to maintain its dominance during the forecast period. Services in
the cloud storage market encompass a wide range of offerings, including
consulting, integration, data migration, and ongoing support and maintenance.
The dominance of the services segment can be attributed to several factors.
Firstly, as organizations in Saudi Arabia increasingly adopt cloud storage
solutions, they often require assistance in migrating their data and
applications to the cloud, integrating cloud storage with existing systems, and
ensuring the seamless operation of cloud-based services. Service providers
offer expertise and guidance in these crucial areas. Secondly, the services
segment is also driven by the need for ongoing support and maintenance,
including troubleshooting, updates, and security management. This becomes
particularly important as data storage requirements continue to grow, and
organizations seek to optimize their cloud storage infrastructure. Service
providers play a vital role in helping businesses navigate the complexities of
managing their data in the cloud. Furthermore, the services segment benefits
from the customization and personalized solutions it offers, aligning cloud
storage services with the specific needs and challenges of each organization.
As businesses in Saudi Arabia continue to explore the advantages of cloud
storage, the services segment is poised to remain dominant, providing essential
expertise and support in their cloud storage journeys.
Based
on Deployment, the private cloud deployment model emerged as the dominant
segment in the Saudi Arabia cloud storage market, and it is expected to
maintain its dominance during the forecast period. Private cloud solutions have
gained favor among organizations in Saudi Arabia, particularly those with
stringent data security and compliance requirements. The dominance of the
private cloud can be attributed to several factors. Firstly, private clouds
provide a dedicated and isolated infrastructure, offering enhanced control over
data and applications. This level of control is especially crucial for
businesses in sectors such as healthcare, finance, and government, which deal
with sensitive and regulated data. Secondly, the private cloud deployment model
aligns with the data sovereignty requirements in Saudi Arabia, as certain
industries and government entities are often mandated to store data within the
country's borders. This necessity makes private clouds an attractive option for
organizations seeking to comply with local data residency regulations.
Furthermore, private clouds offer the advantage of customizable and tailored
solutions. Organizations can design private cloud environments to meet their
specific needs, ensuring that the infrastructure aligns perfectly with their
business objectives. The private cloud also provides greater predictability in
terms of performance and reliability, making it an ideal choice for
mission-critical applications and workloads. As data security and compliance
continue to be paramount concerns in Saudi Arabia, the private cloud segment is
expected to maintain its dominance during the forecast period. Organizations
across various sectors are likely to continue opting for private cloud
deployments to meet their stringent data protection and regulatory requirements
while maintaining the flexibility and scalability associated with cloud
technology.
Key
market players in the Saudi Arabia Cloud Storage Market are:
-
- Amazon
Web Services (AWS)
- Microsoft
Azure
- Google
Cloud Platform
- IBM
Cloud
- Oracle
Cloud
- Alibaba
Cloud
- Huawei
Cloud
- SAP
Cloud Platform
- VMware
Cloud
- Cisco
Systems, Inc.
- Dell
Technologies
- Hewlett
Packard Enterprise
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“The
Saudi Arabia Cloud Storage Market is witnessing substantial growth, driven by
the nation's strong focus on digital transformation and the adoption of
cloud-based technologies. Organizations across various sectors are turning to
cloud storage solutions to meet their data storage, management, and
accessibility needs. Additionally, the Saudi government's commitment to
diversify its economy and reduce reliance on oil revenue is accelerating the
modernization of businesses, further propelling the demand for cloud storage
services. As a result, the Saudi Arabia Cloud Storage Market presents
significant opportunities for providers to cater to the evolving digital
demands of the region and tap into its burgeoning potential.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Cloud
Storage Market Segmented By Type (Solution and Services), By Deployment Model
(Public, Private and Hybrid Cloud), By Organization Size (Small &
Medium-Sized Enterprises and Large Enterprises), By Vertical
(Telecommunications & ITES, Manufacturing, BFSI’s, Healthcare & Life
Sciences, Consumer Goods & Retail and Others), By Region, and By
Competition, 2018-2028,”
has evaluated the future growth potential of Saudi Arabia Cloud Storage Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia Cloud Storage
Market.
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