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Key regions: United States, Germany, China, Japan, United Kingdom
The GCC Public Cloud market is witnessing steady growth due to factors such as increased adoption of digital technologies, rising awareness about cloud services, and the convenience offered by online platforms. The market is expected to maintain an average growth rate, influenced by factors such as government initiatives, technological advancements, and the growing demand for cost-effective and scalable cloud solutions.
Customer preferences: As the GCC region continues to embrace digital transformation, the Public Cloud Market is experiencing a shift towards cloud-based solutions for data storage and management. This is driven by a growing demand for remote work and collaboration tools, as well as a desire for increased scalability and cost-efficiency. Additionally, the rise of e-commerce and online shopping in the region has led to a surge in demand for cloud-based e-commerce platforms and digital payment solutions. This trend is expected to continue as consumers prioritize convenience and flexibility in their purchasing habits.
Trends in the market: In the GCC region, the Public Cloud Market is experiencing an increase in demand for cloud-based solutions, driven by the growing adoption of digital transformation strategies in various industries. Companies are turning to public cloud services for flexible and cost-effective IT infrastructures, as well as advanced data analytics capabilities. This trend is expected to continue, with the region's public cloud market projected to reach a value of $4.5 billion by 2022. This shift towards cloud-based solutions is significant for industry stakeholders, as it presents opportunities for growth and innovation in the market. However, it also poses challenges in terms of data security and regulatory compliance, which will need to be addressed to fully realize the potential of the public cloud in the GCC region.
Local special circumstances: In the GCC, the Public Cloud Market is emerging due to the region's rapid digital transformation and efforts to diversify from traditional oil-based economies. The market is also influenced by cultural factors, such as the increasing adoption of technology in daily life and the importance placed on data security. Additionally, the region's strict data privacy regulations and government initiatives to promote cloud adoption are driving the growth of the market. This unique combination of factors sets the GCC Public Cloud Market apart from others, creating a dynamic and promising market for cloud services.
Underlying macroeconomic factors: The growth of the Public Cloud Market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing adoption of remote work and the need for efficient data storage and management are driving the demand for public cloud solutions, especially in the wake of the COVID-19 pandemic.
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)