CHICAGO, June 16, 2021 /PRNewswire/ -- According to the new market research report "MEA Cloud Computing Market by Type (Service Model (IaaS, PaaS, and SaaS) and Service Type), Deployment Model (Public and Private), Organization Size, Vertical, and Region (Middle East, and Africa) - Forecast to 2026", published by MarketsandMarkets™, the MEA Cloud Computing Market size is expected to grow from USD 14.2 billion in 2021 to USD 31.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period.
The Increased demand for cloud-based solutions and services during COVID 19, rising numbers of SMEs, business expansion by market leaders in the Middle East and Africa, and growing investments in cutting-edge technologies and governmental initiatives toward digital transformation are a few factors driving the growth of the cloud computing solutions and services in MEA.
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Adoption of IaaS is noticeably increasing in MEA among large enterprises due to security and reduced cost of hardware resources
IaaS is a form of cloud computing that delivers fundamental compute, network, and storage resources to consumer's on-demand, over the internet, and on a pay-as-you-go basis. IaaS refers to a combination of hosting, hardware, provisioning, and the basic services needed to run a cloud. Using the service, an organization can outsource the equipment used to support operations, including storage, hardware, servers, and networking components. Most providers offer components, such as compute and storag ..
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