MENA cloud services set to total $620m in 2014: Gartner
SaaS expected to grow 29.1% in 2014 to $126m
The public cloud services market in the Middle East and North Africa region (MENA) is on pace to grow 21.3% in 2014 to total $620m, up from an estimated $511m for 2013, according to the latest outlook by Gartner, Inc.
Software as a service (SaaS) is expected to grow 29.1% in 2014 to $126m.
Gartner predicts that from 2013 to the end of 2017, $3.8bn will be spent on cloud services in MENA region, $1.1bn of which will be spent on business process as a service (BPaaS).
"Public cloud services continue to grow rapidly around the world and MENA is no exception," said Ed Anderson, research director at Gartner.
"Growth in MENA is expected to be slightly higher than the rest of the world led by strong growth in SaaS, infrastructure as a service [IaaS] and platform as a service [PaaS]. Organisations are turning to cloud computing to realise business benefits such as increasing their speed in responding to changing market conditions and lowering IT costs."
Cloud services in the MENA region will be strong across all cloud services market segments through 2017, Gartner predicts. SaaS is expected to grow from $97m in 2013 to $253m 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.