Public cloud spending in MENA to top $1 billion by 20174 March 2014
According to technology research company Gartner, public cloud services will continue to grow in the MENA region over the next four years. Gartner predicts that from 2013 through 2017, $4 billion will be spent on cloud services in the region, $1.1 billion 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. 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,” said Ed Anderson, research director at Gartner.
In 2013, according to the company, public cloud services grew 24.1% in 2013 from the previous year with a total worth of $534 million. Software as a service (SaaS) grew also from the previous year, topping out at $102 million.
The company predicts that all cloud service market segments will stay strong. SaaS is expected to grow from $102 million in 2013 to $271 million in 2017, and IaaS is expected to grow from $60 million in 2013 to $138 million in 2017. IT spending on public cloud services in the region is expected to reach $1.1 billion in 2017.
Additional information is available in the report "Forecast Analysis: Public Cloud Services, Worldwide, 2011-2017, 3Q13 Update and Forecast: Public Cloud Services, Worldwide, 2011-2017, 3Q13 Update".
The report is available on Gartner’s website at http://www.gartner.com/document/2598217.
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