STME to focus on cloud solutions and managed services
Global cloud managed services market valued at AED 191.81bn in 2015
STME, a Dubai-based IT solutions provider and systems integrator (SI), is set to realign its strategy, products, and services to focus more on cloud and managed services in 2016, the company has said.
The global cloud managed services market, valued at AED 191.8bn in 2015, is estimated to grow to AED 434.94bn (USD118.43bn) by 2020 at an annual growth rate of 15.5%, according to Research & Markets, a market research firm.
These statistics reflect a global trend in organisations opting for managed services and cloud solutions. In the UAE, and GCC region, the adoption of cloud solutions and managed services is increasing rapidly. “Economic diversification plans, and government policies have paved the way for smaller businesses to mushroom everywhere in the GCC. These smaller companies, whether they are start-ups or established SMEs are looking for agile and flexible IT solutions. These trends formed the crux of our decision to focus on this area,’’ commented Ayman Al Bayaa, CEO of STME.
While SMEs are the driving force of change in the UAE and the GCC, adoption of cloud solutions and managed services is not limited to them and can be scaled to larger organizations. Indeed, one of the many advantages in cloud solutions is the flexibility it affords, so organisations do not need to worry about space as they grow. Managed services on the other hand, provides the best expertise available to clients.
“A common misconception is that cloud solutions and managed services are the same thing, but in fact these are complementary services which can be deployed depending on requirements. For instance, cloud solutions are virtual solutions that can be used to store and access data and programs, either on or off site, while managed services are those such as web site hosting, system monitoring and management, and data backup and recovery,’’ explains Ayman.
Together, these services and STME’s 30-year track record in the IT industry in the GCC, will help increase the competitiveness of home grown organisations in the UAE and GCC on the global stage, the company added.