Saudi Arabia Cloud Computing
market is expected to grow at a steady rate during the forecast period. The
launch of several government initiatives such as Saudi Vision 2030 and
Cloud-First Policy is the major driver for the Cloud Computing market in the
forecast period. The rise in the digitization process across various industry
verticals to speed up the process and increase the transparency in the system
is expected to fuel the growth of the Cloud Computing market. Saudi Vision 2030
is encouraging foreign investment to develop and advance the technology sector.
Cloud-First Policy has accelerated the adoption of advanced technologies such
as artificial intelligence, 4th industrial revolution technologies, among
others which is increasing the efficiency and performance of the systems. The
oil industry is considered the major revenue-generating industry in Saudi
Arabia and the government is aiming to reduce the dependence on the oil
industry by diversifying other industries and promoting the adoption of cloud technology
to spur the economic growth of the country. The development of secure payment
gateways for online transactions and the rise in preference of consumers for
online payments is making the key players invest in cloud technology and
provide user-friendly applications. Online transactions are preferred over the
traditional method as they are quick, easy, and secure in nature.
The Saudi Arabia Cloud Computing
market is segmented into service, type, organization size, application, end
user, regional distribution, and company. Based on service, the market is
divided into SaaS, IaaS, and PaaS. The SaaS that is Software as a Service
segment is expected to hold a major market share in the forecast period,
2022-2026. The growing demand for SaaS for different business functions such as
ERP, marketing automation, customer relationship management, project
management, among others is the driving factor for the growth of this segment.
The rise in demand for subscription-based pricing models is further
accelerating the growth of the SaaS segment.
The major players operating on the
Cloud Computing market are Saudi Aramco Development Co.,
Oracle Systems Limited - Saudi Arabia, Saudi Telecom Company, Alibaba Cloud, IBM
Saudi Arabia, Microsoft Corporation, Nournet, Wafai CLOUD, CloudSigma AG, Etihad
Etisalat Company, and others. Major companies are developing advanced
technologies and launching new services to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new service
developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the
Study:
- To analyze and estimate the market size of Saudi
Arabia Cloud Computing market from 2016 to 2019.
- To estimate and forecast the market size of Saudi
Arabia Cloud Computing market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast Saudi Arabia Cloud
Computing market based on service, type, organization size, application,
end user, regional distribution, and company.
- To identify dominant region or segment in the Saudi
Arabia Cloud Computing market.
- To identify drivers and challenges for Saudi
Arabia Cloud Computing market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia Cloud Computing market.
- To identify and analyze the profile of leading
players operating in Saudi Arabia Cloud Computing market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia Cloud Computing market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Saudi Arabia Cloud Computing market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Cloud Computing service provider
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to Cloud Computing market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, Saudi Arabia Cloud
Computing market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Saudi Arabia Cloud Computing Market, By Service:
- Saudi Arabia Cloud Computing Market, By Type:
- Saudi Arabia Cloud Computing Market, By Organization
Size:
- Small & Medium-Sized Enterprises
(SMEs)
- Large Enterprises
- Saudi Arabia Cloud Computing Market, By
Application
- App Hosting
- E-mail
- Storage & Backup
- CRM
- Business Analytics
- Database & Content Management
- Others
- Saudi Arabia Cloud Computing Market, By End User:
- IT & Telecom
- BFSI
- Manufacturing
- Government
- Healthcare
- Others
- Saudi Arabia Cloud Computing Market, By Region:
- Western Region
- Northern & Central Region
- Eastern Region
- Southern Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia Cloud Computing market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Saudi Arabia Cloud
Computing market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]