Saudi Arabia Data Center Market expected to Grow at high CAGR through 2028

Increase in Internet penetration and rising online platforms in the country is expected to drive the Saudi Arabia Data Center market.

According to TechSci Research report, “Saudi Arabia Data Center Market - By Region, Competition, Forecast & Opportunities, 2028F”, The Saudi Arabia Data Center market is growing at a rapid rate in the forecast period as market players like IBM, SAP, Amazon Web Services, Microsoft Azure, and other major global cloud service providers are making a strong presence in the country. For instance, the Oracle Cloud Console lists the new Jeddah cloud data center that Oracle opened in 2020. Moreover, Cloud service provider, Google, announced a partnership with Saudi Aramco to establish a cloud in Saudi Arabia and provide customers with cloud services which is currently in the planning stages, Moreover, STC (Saudi Telecommunication Company) plans to invest USD500 million in cloud development in Saudi Arabia in partnership with eWTP Arabia Capital and Alibaba Cloud. All these initiatives are boosting the in the Saudi Arabia Data center market.

Moreover, the cloud technology has been adopted by a number of industries, including BFSI, healthcare, education, hospitality, government, and transportation. For instance, to provide simpler partner and customer services, the Saudi Investment Bank deployed IBM hybrid cloud solutions in their banking system.

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With several Saudi Arabian enterprises investing in Big Data and IoT technology due to the rising acceptance of smart devices, the rising demand for analytics, the adoption of the cloud, and the development of wireless networking technologies. These factors are creating demand for data centers in Saudi Arabia.

The Saudi Arabia Data Center Market is divided into solution, type, end user industry. Based on Solution, the market is divided into IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure and Others. Based on Type, the market is segmented into Corporate and Web Hosting. Based on end user industry, the market is divided into IT & Telecom, Government, BFSI, Healthcare and Others.

In terms of regional analysis, the Saudi Arabia Data Center Market is segmented into Eastern Region, Northern & Central Region, Western Region, Southern Region. The Central Region is dominant as most of the market players are present in this region.

Based on solution, the IT infrastructure holds the largest market share in 2022 as rising investment in data centers and the arrival of international cloud service providers in the nation are projected to be key drivers of the IT infrastructure market's expansion. Moreover, due to the expansion of 5G deployment and IoT-related technology, high-performance server systems are anticipated to dominate the market.

Recently in other to expand cloud services in Saudi Arabia, Saudi Aramco and Saudi Telecom Company (STC) launched Dammam 7, one of the world's fastest supercomputers, that uses Nvidia Tesla V100 GPUs, 2.5GHz Intel Xeon Gold 6248 CPUs, and InfiniBand networking that provides better computing solutions.

The BFSI vertical in fastest growing segment in the forecast period as there are major investments for digital transformation of the banks. For instance, in April 2022, Red Hat Inc., a provider of open-source solutions, announced that Riyad Bank, a leading financial institution in Saudi Arabia (KSA) has deployed a hybrid cloud strategy based on Red Hat's portfolio of open hybrid cloud technologies, including Red Hat OpenShift. The bank's efforts to accelerate innovation and time-to-market for digital services and products are primarily based on Red Hat's open innovation strategy. Riyad Bank is undergoing a digital transformation to increase its competitiveness in the growing fintech sector and is in the process of helping the Kingdom realize Vision 2030. The bank is working to promote financial inclusion and the banking industry's expansion, growth, and diversity to accomplish the goal. These efforts are partly motivated by emerging IT advancements. Riyad Bank additionally uses Red Hat OpenStack Platform as a basis for private cloud, Red Hat OpenShift Data Foundation, and Red Hat Ceph Storage for its storage requirements to support cloud architecture, driving the growth of the market. All these factors would create higher demand for Data centers in Saudi Arabia.

Key market players in the Saudi Arabia Data Center Market include:

• Google LLC (Alphabet Inc.)
• Amazon Web Services Inc. (AMAZON.COM, Inc.)
• Alibaba Cloud (Alibaba Group Holding Limited)
• Microsoft Corporation, Oracle Corporation
• CloudSigma AG
• VMware, Inc.
• Salesforce Inc.
• Saudi Telecom Company
• IBM Corporation.

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“The Saudi Arabia Data Center Market is expected to expand during the projected period. IoT and big data markets have seen rapid expansion in the recent years. The expansion of IoT and big data in Saudi Arabia will also increase investment in data centers as all these services would run over cloud. The use of smartphones is the main contributor to data generation among internet-enabled devices. A range of IoT-enabled gadgets are being adopted by the market at a moderate and steady rate. During the forecast period, it is anticipated that the notion of connected homes and cars would expand dramatically. Moreover, there is an increasing need for data centers in the area since the data created by social media users is retained for additional data analytics and marketing purposes. The data created by online video content is projected to enhance the need for data storage and attract new investments from data center operators during the projection period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Data Center Market– Segmented By Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure and Others), By Type (Corporate and Web Hosting), By End User Industry (IT & Telecom, Government, BFSI, Healthcare and Others),By Region, Share, Trends, Opportunity, and Forecast, 2018-2028F”, has evaluated the future growth potential of Saudi Arabia Data Center Market and provides statistics and information on market structure, size, share, and future growth. The report is intended 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 present in the Saudi Arabia Data Center Market.

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