For the storage of data, the technology of cloud computing is an innovation. It commonly comprises of three major services software as a service (SaaS), platform as a service (PaaS), and the infrastructure as a service (IaaS). The technology of cloud computing is increasing owing to the growing disbursement in the ICT expenditure and trend of immense data and analytics. Furthermore, the cloud infrastructure denotes the software and hardware components namely storage, networking, servers, and virtualization software that is demanded a cloud computing model to work. The cloud infrastructure also involves an abstraction layer of software that virtualizes the resources and offerings them to the clients in a programmatic way.
Additionally, the virtualized resources are introduced namely the IT department or the service merchants and delivered to the final client through the medium of a network or the internet. These virtualized resources involve the virtual machines which have components namely computer, firewall, memory, computer, network switches, load balancers, and storage. In cloud computing architecture, the cloud infrastructure primarily involves the back end components.
According to the report analysis, ‘MENA Market Insights on Cloud Infrastructure: Insights and Forecast, 2018-2024: Emphasis on Deployment Type (Public Cloud, Private Cloud), Public Cloud Services (SaaS, PaaS, IaaS, Cloud Advertising, BPaaS), End User (Banking, Financial Services and Insurance, Retail, Telecom & IT, Healthcare, Media & Entertainment, Government Agencies, Education, Energy, Manufacturing, Other Industries)’ states that in the MENA market insights on cloud infrastructure, there are numerous key players which presently working more significantly for leading the highest market growth and accounting the handsome value of market share throughout the short span of time while increasing the applications of the services, decreasing the data storage issues, decreasing the price of the services, developing the technologies of function, and delivering the better consumer satisfaction includes Cisco System Inc., Equinix Inc., Google Inc., IBM Corporation, Salesforce. Salesforce.com, AT&T Inc, Amazon Web Services Inc., DXC Technology Company, HP Inc., Rackspace Hosting Inc., and several others.
Corporates create usage of cloud infrastructure to take the support of cloud computing to function their day to day function to pursue their operations. The cloud infrastructures are typically accessed utilizing a pay-per-use model, dissimilar structures of the payment that allow users to subscribe to merchant services for a set cost or subscription-based pricing model. For instance, the buying cloud infrastructure from a merchant, corporates can also build their own cloud infrastructure in their buildings. A corporate utilizing a service provider cloud is labeled as a public cloud when an organization utilizes its own infrastructure, it is designated as a private cloud, and when a corporate utilizes jiffs of public and private infrastructure, it is termed as a hybrid cloud.
Nonetheless, In terms of revenue, the Middle East and North Africa cloud infrastructure market presented a remarkable CAGR growth during the reviewed period of 2018-2024. Due to the dependable technological advancements, growing acceptance of the cloud infrastructure services amongst public and private corporates along with government agencies has meaningfully bolstered the requirement for the advanced technology in the economy. In addition, the regulatory authorities aim to utilize the cloud computing for lengthening admittance to services provided by the government, accomplish superior efficiency and extemporize service levels and escalating the investments in cloud computing has further fostered the market value of cloud infrastructure in the economy. Therefore, in the near years, it is anticipated that the market of cloud infrastructure will increase more significantly over the coming years.
Middle East Cloud Infrastructure Market
Ankur Gupta, Head Marketing & Communications