Trends in Cloud Software in Markets in the Middle East and Asia

Tentacle keeps their eye on cloud computing and data management in different regions to get ahead of the curve and deliver the best technology and service to clients from all over the world. Our analysts prepared a quick overview of trends in Middle-East and Asian regions. If you want to discuss those trends at length - book a consultation with our data specialists.

Middle-East

Cloud applications market size in the Middle East is projected to reach  $4.5 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 17.5 percent. The implementation of cloud applications can be carried out very quickly to acquire the benefits associated with them. These benefits include scalability, flexibility, and agile managing services that bolster productivity by allowing enterprises to direct their attention towards their core businesses. These services help lower the expense of installing IT infrastructure, hardware and the employment of skilled resources. The adoption of cloud applications in the Middle East region is expected to be mainly driven by the benefits mentioned above.

Recently, there has been an increase in the adoption of cloud computing in the Middle East, prompted by the circumstances pertaining to the pandemic. For instance, governments have been spending on large-scale smart city and public administration projects, and a broadening range of data centers and managed service options to aid enterprise adoption of emerging technology have become widely available.

Hyperscale and regional providers alike are in a rush to meet the demand for cloud services. Over the past few years, major players like Microsoft, Oracle, Amazon Web Services, and IBM have actualized their data centers across the Middle East, adding to the active cloud existence of Alibaba, SAP, and local providers.

Undoubtedly, the Middle East is in for a hike in economic development given the long-term feasibility of cloud technology. With its cost-effective computing resources and data storage capabilities, cloud technology plays a vital role in laying the foundation for new technology such as artificial intelligence (AI) and blockchain.

Asia

In the forecast period of 2020-2027, the Asian cloud storage market is projected to see market growth at a rate of 24.25%. Data Bridge Market Research report on the Asia-Pacific cloud storage market offers evaluation and insights about the many dynamics likely to be prevalent during the forecast period with a simultaneous analysis of their impacts on the growth of the market.

Market growth is expected to be bolstered by the development in a hybrid cloud deployment model and an increase in the application of cloud processing. Apart from these factors, a rise in the adoption of hybrid cloud storage, growth of IoT, increasing internet access, and the need for lower CAPEX and OPEX is supposed to improve the Asia-Pacific cloud storage market in the forecast period of 2020 to 2027. However, this may be hampered due to a lack of proper network bandwidth and strict rules and regulations enforced by governments.

Despite the existing constraints, the cloud software market in Asia is expected to grow at a rapid pace in the years to come. This will directly affect the stakeholders associated with the industry including the vendors, distributors and the consumers themselves. The availability of better storage and connectivity facilities will also impact other industries in Asia, thus elevating the living standards of people in the region.

What it means for you

Rapid growth and leads to greater accessibility of cloud technology. Expansion of the Big Tech in the region means that every of your competitors and their neighbour will be looking to switch to hybrid cloud at least, yet the issue of data protection and safety remain despite the positive forecast for 2020-2027. We already discussed those issues many times and the advantages of custom solutions and cloud migration ever more often. If you want to discuss those trends and issues and how they apply to your company - book a consultation with our data specialists.