MENA public cloud market shows rapid growth
Market set to grow by 21.3% in 2014, totalling $620 million, says Gartner.
The public cloud services market in the Middle East and North Africa (MENA) region is set to grow by 21.3% in 2014, totalling $620 million, according to the latest predictions from Gartner.
Like the rest of the world, the Middle East is showing a healthy appetite for public cloud services, Gartner said. The research house estimated that the MENA market was worth $511 million in 2013, meaning it is still rapidly growing.
"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."
Software as a service (SaaS) is expected to grow by 29.1% in 2014 to $126 million, Gartner said. For the period from 2013 through 2017, the research house predicted that $3.8 billion will be spent on cloud services in the region, with $1.1 billion being spent on business process as a service (BPaaS). Meanwhile, IaaS is expected to grow from $60 million in 2013 to $138 million in 2017.
All in all, Gartner predicted that IT spending on public cloud services would reach $1.1 billion by 2017.