Middle East and North Africa Cloud Storage Market Share, Size, and Growth Forecast: 18% CAGR (2023-28)

Middle East and North Africa Cloud Storage Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled “Middle East and North Africa Cloud Storage Market Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

Middle East and North Africa Cloud Storage Market Overview:

The Middle East and North Africa Cloud Storage Market size is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2023-28.

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The Middle East and North Africa Cloud Storage Market Trend:

Rapid Adoption of Hybrid and Multi-Cloud Solutions Creating New Trends in the Market – In the MENA region, many organizations are recognizing the need for flexibility in their data storage infrastructure, owing to which they are substantially adopting hybrid and multi-cloud solutions. Moreover, countries like the UAE, Saudi Arabia, Egypt, etc., are witnessing an inclination towards hybrid work models, with employees working both in the office and remotely, which necessitates a versatile data storage strategy. Hybrid and multi-cloud solutions support data access and collaboration for a distributed workforce. This has resulted in a shift in cloud deployment models, with more businesses opting for a hybrid approach to meet their specific IT requirements.

Competitor Insight: Middle East and North Africa Cloud Storage Market

• Microsoft Corporation
• Google LLC
• Oracle Corporation
• Amazon Web Services, Inc.
• The International Business Machines Corporation (IBM)
• Alibaba Cloud
• SAP MENA LLC
• Etisalat
• STC Cloud
• Cisco Systems Inc.
• Others

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Segmentation Summary: Middle East and North Africa Cloud Storage Market

This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Middle East and North Africa Cloud Storage Market, with notable highlighting on:

-By Demand Type

• Business-to-Business (B2B)
• Business-to Consumer (B2C)

B2B cloud storage solutions experience high demand in MENA due to the region's growing business and enterprise sectors. Companies such as Carrier, Abu Dhabi Bank, etc., are widely adopting cloud storage solutions. The flourishing investments and expansion of business across the region, innumerable end-user industries are widely influencing this demand. This is owing to the fact that companies require secure, scalable, and efficient cloud storage to manage their data, to support digital transformation initiatives, and to facilitate remote work.

-By Component

• Solution
• File Storage- Market Size & Forecast 2018-2028F, USD Million
• Services

-By Deployment

• Public Cloud- Market Size & Forecast 2018-2028F, USD Million
• Private Cloud- Market Size & Forecast 2018-2028F, USD Million
• Hybrid Cloud- Market Size & Forecast 2018-2028F, USD Million

-By Enterprise Size

• Small & Medium Enterprises- Market Size & Forecast 2018-2028F, USD Million
• Large Enterprises- Market Size & Forecast 2018-2028F, USD Million

-By End User

• BFSI- Market Size & Forecast 2018-2028F, USD Million
• Consumer Goods & Retail - Market Size & Forecast 2018-2028F, USD Million
• Healthcare & Life Sciences- Market Size & Forecast 2018-2028F, USD Million
• IT & Telecom- Market Size & Forecast 2018-2028F, USD Million
• Energy & Utility- Market Size & Forecast 2018-2028F, USD Million
• Others (Automotive, Media & Entertainment, etc.) - Market Size & Forecast 2018-2028F, USD Million

Middle East and North Africa Cloud Storage Market Geographical Reach:

• Saudi Arabia
• The UAE
• Qatar
• Egypt
• Israel
• Algeria
• Rest of the Middle East and North Africa

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Key Questions Addressed:

• Factors Driving Market Growth: Understand the primary drivers propelling the Middle East and North Africa Cloud Storage market forward.
• Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
• Growth Projections: Gain insights into anticipated growth projections for the coming years.
• Geographical Hotspots: Identify geographical poised for significant market growth soon.

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