Gartner Says Public Cloud Services in the Middle East and North Africa Region on Pace To Total $620 Million In 2014
The public cloud services market in the Middle East and North Africa region (MENA) is on pace to grow 21.3 percent in 2014 to total $620 million, up from an estimated $511 million for 2013, according to the latest outlook by Gartner, Inc. Software as a service (SaaS) is expected to grow 29.1 percent in 2014 to $126 million.
(Media-Newswire.com) - The public cloud services market in the Middle East and North Africa region ( MENA ) is on pace to grow 21.3 percent in 2014 to total $620 million, up from an estimated $511 million for 2013, according to the latest outlook by Gartner, Inc. Software as a service ( SaaS ) is expected to grow 29.1 percent in 2014 to $126 million.
Gartner predicts that from 2013 through 2017, $3.8 billion will be spent on cloud services in MENA region, $1.1 billion of which will be spent on business process as a service ( BPaaS ).
“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 Organizations are turning to cloud computing to realize business benefits such as increasing their speed in responding to changing market conditions and lowering IT costs.”
Cloud services in the MENA region will be strong across all cloud services market segments through 2017. SaaS is expected to grow from $97 million in 2013 to $253 million in 2017. IaaS is expected to grow from $60 million in 2013 to $138 million in 2017.
The market in the MENA region is predicted to demonstrate high growth through the forecast period. 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, 4Q13 Update and Forecast: Public Cloud Services, Worldwide, 2011-2017, 4Q13 Update". The report is available on Gartner's website at http://www.gartner.com/doc/2642020.
Key trends facing the IT industry will be discussed in more detail at Gartner Symposium/ITxpo 2014 in Dubai, April 1-3.
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Members of the media can register for the event by contacting Sony Shetty, Gartner PR, on +91 9820900036 or sony.shetty@gartner.com.
Contacts Sony Shetty Gartner +919820900036 sony.shetty@gartner.com About Gartner Gartner, Inc. ( NYSE: IT ) is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is the valuable partner in over 13,000 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 5,800 associates, including 1,450 research analysts and consultants, and clients in 85 countries. For more information, visit www.gartner.com.
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This story was released on 2014-03-11. Please make sure to visit the official company or organization web site to learn more about the original release date. See our disclaimer for additional information.