Saudi Arabia’s cloud analytics market poised for growth
According to a Micro Market Monitor report, the country’s cloud analytics market will reach $74m by 2019.
At the recent SAP Saudi Cloud Day, which was held on the 17 April 2017, business leaders from across the Middle East region came together to discuss the latest developments of Saudi Arabia's cloud analytics market.
Emphasised during the event was the viewpoint the country's cloud analytics market is set for substantial growth and will drive Saudi Vision 2030 industry vertical innovation.
According to a Micro Market Monitor report, the country's cloud analytics market will grow from $5.3m, as reported in 2014, to reach $74m by 2019.
Participating at SAP Saudi Cloud Day was the Al Nasser Trading and Import Company, which utilised cloud technologies from SAP to enhance materials planning by 40%.
Mohammed Al Nasser, managing director and board member at the construction conglomerate Al Nasser Trading and Import Company, commented: "Cloud solutions enable manufacturers to support Saudi Vision 2030 goals of increased localization and diversified economic growth. With the cloud, Saudi organizations can gain real-time supply chain, customer, and employee insights for better decision-making and new digital business models."
The company, along with its partner ISYX Technologies, received a gold award at the SAP Europe, Middle East, and Africa Quality Awards.
To date, SAP maintains more than 125 million cloud subscribers globally and delivers more than 30 cloud offerings across a number of business lines.
Ahmed Al-Faifi, managing director, SAP Saudi Arabia, Bahrain, and Yemen, said: "Cloud adoption is central for driving Saudi Vision 2030's nationwide digital transformation and business competitiveness. The strong turnout at our inaugural Cloud Day event shows the demand for real-time cloud solutions for Saudi organizations across all industry verticals.
He added: "Cloud solutions enable organizations to have real-time visibility and make better decisions that fuel Saudi economic growth."