UAE Cloud Computing Market Size Set to Booming at 7.02% to Cross USD 3 Billion by 2030

UAE Cloud Computing Market is flourishing because of the rising adoption of digital transformation programs and increasing use of social media, smartphones, and other internet-connected devices.

Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the UAE Cloud Computing Market size at USD 1.92 billion in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the UAE Cloud Computing Market size to expand at a CAGR of 7.02% reaching a value of USD 3.01 billion by 2030. The growing use of cutting-edge technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML), which produce large volumes of data, is one of the key growth drivers for the UAE cloud computing market. The UAE Cloud Computing Market is expected to be driven by the growing popularity of cloud computing among large organizations that are using it to improve the scalability of their company operations.

Opportunity: Increasing adoption of private cloud

Based on the deployment model, the UAE Cloud Computing Market is segmented into public cloud, private cloud, and hybrid cloud. The private deployment segment holds the largest share in the UAE Cloud Computing Market. Private clouds provide privacy and security to outside providers by utilizing internal hosting and firewalls to guarantee the highest degree of data protection. However, the hybrid segment is anticipated to register a high growth rate during the forecast period, owing to its cost-effectiveness, which is proliferating its adoption among small and medium-sized enterprises (SMEs).

UAE Cloud Computing Market

Segmental Coverage

UAE Cloud Computing Market - By Deployment Mode

Based on deployment mode, the UAE Cloud Computing Market is segmented into public cloud, private cloud, and hybrid cloud. The private deployment segment holds the largest share in the UAE Cloud Computing Market. Private clouds provide privacy and security to outside providers by utilizing internal hosting and firewalls to guarantee the highest degree of data protection. However, the hybrid segment is anticipated to register a high growth rate during the forecast period owing to its cost-effectiveness, which is proliferating its adoption among small and medium-sized enterprises (SMEs).

Competitive Landscape

Major players operating in the UAE Cloud Computing Market include AWS, Microsoft, IBM, Google, Rackspace, Oracle, SAP, Alibaba Cloud, Salesforce, Fujitsu, VMware, and NEC.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the UAE Cloud Computing Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the UAE Cloud Computing Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.