MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Middle East and North Africa Cloud Storage Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Middle East and North Africa Cloud Storage Market: 2023-2028
The Middle East and North Africa Cloud Storage market is projected to grow at a CAGR of around 18% during the forecast period, i.e., 2023-28.
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What are the primary factors driving the growth of the Middle East and North Africa Cloud Storage Market?
The Middle East and North Africa Cloud Storage Market Driver: Increasing Need to Provide Remote Workforce with Ubiquitous Access to Business Data Fuelling the Market Growth
The growth of the Cloud Storage Market in the Middle East and North Africa (MENA) region has been primarily driven by the increasing need to provide remote workforces with omnipresent access to business data. The COVID-19 pandemic has accelerated the adoption of remote work across the MENA, to ensure business continuity while safeguarding employee health.
As employees working from different locations surged, the requirement for seamless access to data and collaborative tools also increased. This in turn drove the need for cloud storage solutions as cloud storage solutions are required to provide a secure and accessible platform for storing and sharing files, thereby fostering collaboration.
Additionally, as remote work allows companies to tap into a broader talent pool by hiring professionals from various geographical locations, enhancing diversity and expertise, businesses are aggressively turning towards hybrid or permanent work-from-home modules in the region. For instance, in 2022, Microsoft Work Trends released an index report stating that 98% of the UAE businesses are turning to invest in hybrid workplace technology by 2024. As a result, with the growing preference for remote work among the MENA workforce, the demand for efficient data storage and transfer solutions is expected to rise, leading to an increase in the market size of cloud storage in the region.
Middle East and North Africa Cloud Storage Market Segmentation:
The Middle East and North Africa Cloud Storage Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Component
-Solution
-File Storage
-Object Storage
-Block Storage
-Services
-Consulting
-Integration & Implementation
-Training, Support & Maintenance
By Deployment
-Public Cloud
-Private Cloud
-Hybrid Cloud
By Demand Type
-Business-to-Business (B2B)
-Business-to-Consumer (B2C)
- B2B cloud storage solutions experience high demand in MENA due to the region’s growing business and enterprise sectors.
By Enterprise Size
-Small & Medium Enterprises
-Large Enterprises
By End User
-BFSI
-Consumer Goods & Retail
-Healthcare & Life Sciences
-IT & Telecom
-Energy & Utility
-Others (Automotive, Media & Entertainment, etc.)
Geographical Analysis into the Vivid Hair Dye Market:
- Saudi Arabia
- The UAE
- Qatar
- Egypt
- Israel
- Algeria
- Rest of the Middle East and North Africa
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/mena-cloud-storage-market.html
Competitive Landscape and Middle East and North Africa Cloud Storage Market Share Analysis:
The competitive landscape of the Middle East and North Africa Cloud Storage Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Microsoft Corporation, Google LLC, Oracle Corporation, Amazon Web Services, Inc., The International Business Machines Corporation [IBM], Alibaba Cloud, SAP MENA LLC, Etisalat, STC Cloud, Cisco Systems Inc., Others
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Questions Addressed in this Study
- What factors are driving the Middle East and North Africa Cloud Storage Market growth?
- How is the Middle East and North Africa Cloud Storage Market expected to grow over the next five years?
- What are the key insights into the current trends in the Middle East and North Africa Cloud Storage Market?
- What is the current size of the Middle East and North Africa Cloud Storage Market, and how is it projected to change in the future?
- What is the future outlook for the Middle East and North Africa Cloud Storage Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading market research company, 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 & emerging geographies allows our clients to formulate their strategies in a much more 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 14.8 diverse industrial verticals.
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