Middle East & Africa Cloud Computing Market Size & Outlook
Middle East & Africa cloud computing market, 2018-2030 (US$M)
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MEA cloud computing market highlights
- The MEA cloud computing market generated a revenue of USD 53,383.5 million in 2023.
- The market is expected to grow at a CAGR of 18.8% from 2024 to 2030.
- In terms of segment, software as a service (saas) was the largest revenue generating service in 2023.
- Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 53,383.5 million |
| Market revenue in 2030 | USD 178,521.1 million |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Software as a service (saas) |
| Fastest growing segment | Infrastructure as a Service (IaaS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, Amazon.com Inc, DigitalOcean Holdings Inc, Alphabet Inc Class A, GigaCloud Technology Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Rackspace Technology Inc Ordinary Shares, Salesforce Inc, Tencent Holdings Ltd ADR, The Descartes Systems Group Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.9% of the global cloud computing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 559,519.6 million by 2030.
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Cloud Computing Market Scope
Cloud Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa cloud computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cloud computing market will help companies and investors design strategic landscapes.
Software as a service (saas) was the largest segment with a revenue share of 55.08% in 2024. Horizon Databook has segmented the Middle East & Africa cloud computing market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.
Aggressive investments in pursuing digital initiatives, including public cloud, in Saudi Arabia and the UAE are expected to provide lucrative opportunities for the growth of the regional cloud computing market. For instance, in February 2023, Oracle announced an investment of USD 1.5 billion to meet cloud computing requirements in Saudi Arabia. Plans envisaged Oracle creating the third public cloud region in Saudi Arabia in Riyadh.
The investment is part of the Memorandum of Understanding (MoU) that Oracle inked with Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) to assist the firms in the kingdom in utilizing the most recent advances in cloud computing.
Enhancements in the efficiency and effectiveness of the healthcare industry vertical leveraging IT and digital transformation and the emergence of technology companies in the kingdom are contributing to the increased digitization under the government’s National Transformation Program.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cloud computing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Cloud Computing Market Outlook Share, 2024 & 2030 (US$M)
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