The latest report by MarkNtel Advisors, titled “Middle East & Africa Private Cloud Services Market” Size study report 2023-28 provides an in-depth examination of revenue growth, market definition, segmentation, industry potential, and influential trends to help comprehend the market’s future outlook and existing prospects. Middle East & Africa Private Cloud Services Market Share, Size, and Industry Analysis. By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Organization Size (Small & Medium Enterprises (Up to 500), Large Enterprises (Above 500)), By End User (BFSI, IT & Telecom, Government, Energy & Utilities, Retail, Manufacturing, Others (Media & Entertainment, Education & Healthcare, etc.)), By Country (The UAE, Saudi Arabia, Israel, Turkey, Egypt, South Africa, Rest of the Middle East & Africa). The Middle East & Africa Private Cloud Services Market is estimated to grow at a CAGR of around 28.77% during the forecast period, i.e., (2023-28).
Key Highlights of the Market Report:
- Detailed overview of the market share
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Middle East & Africa Private Cloud Services Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
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The Middle East & Africa Private Cloud Services Market Challenge:
Stringent Regulations Related to Private Cloud Services Market have Negative Effects on Growth – The countries in the Middle East region such as the UAE, Qatar, Saudi Arabia, etc., have various data protection and privacy regulations, which have been quite strict. Ensuring compliance with these regulations and implementing robust data security measures has been a challenge for organizations adopting & providing private cloud solutions. Hence, the stricter data protection laws and compliance requirements have posed additional complexities and costs for businesses in the region, which has significantly affected the growth of the Private Cloud Services Market.
In addition to these regulations, increased data breach cases as well as phishing activities prevalent in the region have also made enterprises susceptible to its usage. The cases of data breaches increased significantly as according to the Group-IB, the Middle East and Africa Business, at least 50 organizations were attacked by ransomware in 2021, which was an 85% increase from 2020. Thus, with the growing prevalence of cyber hacking activities and data security compliances, the market for private cloud has been experiencing a significant challenge, which is projected to remain same in the upcoming years as well.
Middle East & Africa Private Cloud Services Market Segmentation
By Service Model
-Infrastructure as a Service (IaaS)- Market Size & Forecast 2018-2028F, USD Million
-Platform as a Service (PaaS)- Market Size & Forecast 2018-2028F, USD Million
-Software as a Service (SaaS)- Market Size & Forecast 2018-2028F, USD Million
By Organization Size
-Small & Medium Enterprises (Up to 500)- Market Size & Forecast 2018-2028F, USD Million
-Large Enterprises (Above 500)- Market Size & Forecast 2018-2028F, USD Million
By End User
-BFSI- Market Size & Forecast 2018-2028F, USD Million
-IT & Telecom- Market Size & Forecast 2018-2028F, USD Million
-Government- Market Size & Forecast 2018-2028F, USD Million
-Energy & Utilities- Market Size & Forecast 2018-2028F, USD Million
-Retail- Market Size & Forecast 2018-2028F, USD Million
-Manufacturing- Market Size & Forecast 2018-2028F, USD Million
-Others (Media & Entertainment, Education & Healthcare, etc.)- Market Size & Forecast 2018-2028F, USD Million
By Country
-The UAE
-Saudi Arabia
-Israel
-Turkey
-Egypt
-South Africa
-Rest of the Middle East & Africa
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Major Key Players in Middle East & Africa Private Cloud Services Market research report:
Hewlett Packard Enterprise
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Databricks
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
OpenStack
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Tencent Cloud
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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