MENA cloud services set to total $534m in 2013
Growth rate above 25% with business process as a service dominating segment
The public cloud services market in the Middle East and North Africa region (MENA) is on pace to grow 24.1% in 2013 to total $534m, an increase of $103m from the $431m forecast for 2012, according to the latest outlook by Gartner, Inc.
Gartner predicts that from 2013 until 2017, $4bn will be spent on cloud services in the MENA region, $1.1bn of which will be spent on business process as a service (BPaaS).
"The public cloud services market continues robust growth in MENA through the forecast period of 2011 through 2017," said Ed Anderson, research director at Gartner.
"While BPaaS dominates as the largest cloud segment, the high growth rates of infrastructure as a service [IaaS], platform as a service [PaaS] and cloud management and security services make them important markets to watch."
Cloud services in the MENA region will be strong across all cloud services market segments through 2017. Software as a service (SaaS) is expected to grow 29.2% in 2013 to $102m and then grow further to reach $271m in 2017. IaaS is expected to grow from $60m in 2013 to $138m in 2017.
The market in the MENA region is predicted to demonstrate high growth through the forecast period. IT spending on public cloud services in the region is expected to reach $1.1bn in 2017.