Dublin, Oct. 1, 2024 (GLOBE NEWSWIRE) — The “UAE Cloud Computing Market, by Region, Competition, Forecast and Opportunities, 2019-2029F” report has been added to ResearchAndMarkets.com offer.
The UAE cloud computing market was valued at USD 6.55 billion in 2023 and is expected to reach USD 38.50 billion in 2029 at a CAGR of 34.14% during the forecast period.
The United Arab Emirates (UAE) cloud computing market has seen significant growth and transformation in recent years, driven by a combination of government initiatives, digital transformation across various sectors and increasing adoption of advanced technologies. As one of the most technologically advanced nations in the Middle East, the UAE has positioned itself as a regional hub for innovation and technological advancement.
The cloud computing market in the UAE is characterized by the presence of major global players such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud and IBM Cloud, along with regional providers such as eHosting DataFort and du. These companies are investing heavily in the region, building data centers and forming strategic partnerships to meet the growing demand for cloud services.
The UAE government’s proactive approach towards digital transformation has been a significant driver of the cloud computing market. Initiatives such as UAE Vision 2021 and the Dubai Smart City project aim to promote a knowledge-based economy, improve government services and improve the overall quality of life through the adoption of smart technologies. These initiatives have spurred the adoption of cloud computing across various industries, including government, healthcare, education, and retail. The government’s emphasis on cybersecurity and data sovereignty has also led to the creation of local data centers, ensuring that sensitive data is stored within the country and complies with local regulations.
The private sector in the UAE is rapidly embracing cloud computing to improve operational efficiency, reduce costs and gain a competitive advantage. Industries such as banking, real estate and hospitality are leveraging cloud solutions for data storage, analytics and customer relationship management. The flexibility and scalability offered by cloud computing allows companies to quickly adapt to market changes and adapt their operations as needed. Additionally, the COVID-19 pandemic has accelerated the adoption of cloud-based solutions as organizations transitioned to remote work models and digital collaboration tools to ensure business continuity.
The UAE’s strong focus on artificial intelligence (AI) and the Internet of Things (IoT) further fuels demand for cloud computing. The UAE’s AI Strategy 2031 aims to position the country as a leader in AI by integrating AI into various sectors and encouraging innovation. Cloud computing serves as the backbone for AI and IoT applications, providing the necessary infrastructure for data processing, storage and analysis. With the increasing adoption of AI and IoT, the reliance on cloud services is expected to increase, leading to further market expansion.
Despite the positive growth trajectory, the UAE cloud computing market faces challenges, such as data security issues, regulatory compliance and the need for skilled IT professionals. Cybersecurity remains a top priority for organizations moving their operations to the cloud. Ensuring data protection and privacy is essential to maintaining trust and compliance with international standards. Additionally, there is a growing demand for skilled IT professionals who can manage and optimize cloud environments. The UAE is investing in education and training programs to create a workforce capable of supporting the evolving technology landscape.
Key Attributes:
| Report attribute | Details |
| No. of pages | 88 |
| Forecast period | 2023-2029 |
| Estimated market value (USD) in 2023 | $6.55 billion |
| Expected market value (USD) by 2029 | $38.5 billion |
| Compound annual growth rate | 34.1% |
| Regions covered | United Arab Emirates |
Scope of the report:
Main market players
- Amazon Web Services, Inc.
- Microsoft Corporation
- Alphabet Inc.
- IBM Company
- Oracle Company
- Alibaba Group
- Salesforce, Inc.
- SAP SE
- Tencent Cloud Europe BV
- Broadcom Inc.
Cloud Computing Market in UAE, by Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
Cloud Computing Market in UAE, by Service Model:
- Infrastructure as a service
- Platform as a service
- Software as a service
- Function as a service
Cloud Computing Market in UAE, by End User:
- BFSI
- Government
- IT and telecommunications
- Retail and e-commerce
- Health care
- Others
Cloud Computing Market in UAE, by Organization Size:
Cloud Computing Market in UAE, by Region:
- Abu Dhabi
- Dubai
- Sharjah
- Ajman
- Rest of the United Arab Emirates
For more information on this report, please visit https://www.researchandmarkets.com/r/tpnra5
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Cloud computing market in UAE
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