MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Cloud Services Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Saudi Arabia Cloud Services Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Saudi Arabia Cloud Services Market size was valued at around USD 2.6 billion in 2024 and is projected to reach USD 7 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2025-30.
Key Findings in Saudi Arabia Cloud Services Market:
- Historical Analysis: 2020–2023
- Base Year: 2024
- Forecast Period: 2025–2030
Leading Market Players- Amazon Web Services (AWS), Microsoft Azure, Google Cloud, Oracle, Alibaba Cloud, STC Cloud, Sahara Net, Huawei Cloud, Zain Cloud, Kalaam Telecom, Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Saudi Arabia Cloud Services Market?
Increasing Requirements for Cost-Efficient Computing Operations – The number of companies coming to Saudi Arabia is continuously increasing. For instance, the Saudi government aimed to attract 160 companies to Riyadh in 2023 but ended up attracting more than 200 international companies. In the initial stages, these companies aim to run on the least possible investments. As a result, the demand for cloud services increases as they provide companies with cost-efficient computing operations such as paying only for the used computing power, reducing the cost of setting up physical hardware, reducing maintenance & updating costs, and so on. Therefore, due to the emergence of new companies and start-ups, there is a high need for cloud services to ensure cost-efficiency, and this demand is expected to remain in coming years also as more companies will be attracted to Saudi Arabia as per the Vision 2030 goals.
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What segments define the Saudi Arabia Cloud Services Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
By Type
- Infrastructure-as-a-Service (IaaS)- Market Size & Forecast 2020-2030, USD Million
- Platform-as-a-Service (PaaS)- Market Size & Forecast 2020-2030, USD Million
- Software-as-a-Service (SaaS)- Market Size & Forecast 2020-2030, USD Million
According to report, Based on the type of cloud service, the Infrastructure-as-a-Service segment (IaaS) holds a major market share of more than 50%.
By Deployment Model
- Public Cloud- Market Size & Forecast 2020-2030, USD Million
- Private Cloud- Market Size & Forecast 2020-2030, USD Million
- Hybrid Cloud- Market Size & Forecast 2020-2030, USD Million
By Organization Size
- Small & Medium Enterprises- Market Size & Forecast 2020-2030, USD Million
- Large Enterprises- Market Size & Forecast 2020-2030, USD Million
According to report, Based on the size of the organization, large enterprises are the most prominent users of cloud services with a market share of around 66%.
By End-User
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2020-2030, USD Million
- IT & Telecom- Market Size & Forecast 2020-2030, USD Million
- Government & Defense- Market Size & Forecast 2020-2030, USD Million
- Media & Entertainment- Market Size & Forecast 2020-2030, USD Million
- Automotive & Transportation- Market Size & Forecast 2020-2030, USD Million
- Healthcare- Market Size & Forecast 2020-2030, USD Million
- Retail- Market Size & Forecast 2020-2030, USD Million
- Energy & Utilities- Market Size & Forecast 2020-2030, USD Million
- Others (Education, Construction & Manufacturing, etc.)- Market Size & Forecast 2020-2030, USD Million
Explore the Complete Saudi Arabia Cloud Services Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-cloud-services-market.html
Geographical Analysis: Saudi Arabia Cloud Services Market
By Region
- Central
- North
- East
- West
- South
Saudi Arabia Cloud Services Market Recent Development:
- 2024: Oracle announced the establishment of its second cloud region, which would be a part of its USD1.5 billion investment plan. This cloud region will increase the local cloud capacity and hence help in the growth of the kingdom’s AI economy.
- 2024: Amazon Web Services (AWS) to establish an infrastructure region in Saudi Arabia under its USD5.3 billion investment plan. The aim is to store customer data inside the boundaries of the kingdom and serve it to them with low latency when required.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Saudi Arabia Cloud Services Market?
- How is the Saudi Arabia Cloud Services Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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