Saudi Arabia Public Cloud Market

Market Overview:

Saudi Arabia public cloud market size is projected to exhibit a growth rate (CAGR) of 12.93% during 2024-2032. The rising awareness among businesses about the cost-efficiency and scalability offered by cloud solutions, escalating demand for the pay-as-you-go model, and the growing concerns about data privacy and security represent some of the key factors driving the market.

Public cloud refers to a cloud computing model where IT services and resources, such as computing power, storage, and networking, are made available to the general public over the internet. These services are hosted and operated by third-party cloud providers, who maintain and manage the infrastructure. It is easily accessible via the internet from anywhere in the world, making it highly convenient for people. It allows multiple users and organizations to share the same cloud infrastructure, optimizing resource utilization and cost-efficiency. It helps manage and maintain the underlying infrastructure, including hardware and software updates, security, and data backups. It enables individuals to scale resources up or down based on demand, avoiding overprovisioning and underutilization. It is widely used for hosting websites and web applications due to its scalability and accessibility. It is also utilized by several organizations for data storage, backup, and disaster recovery, ensuring data availability and resilience. Moreover, it is employed by developers to build, test, and deploy applications without involving dedicated hardware. Besides this, as it provides the computational power and storage required for processing large datasets and running analytics, the demand for public cloud is increasing in Saudi Arabia.

Saudi Arabia Public Cloud Market Trends:

The rising awareness among businesses in Saudi Arabia about the cost-efficiency and scalability offered by cloud solutions represents one of the primary factors propelling the market. In addition, many companies in the country are focusing on optimizing their expenses, which is facilitating the market growth. Along with this, the escalating demand for the pay-as-you-go model that allows organizations to scale their IT resources up or down as needed, eliminating the need for large upfront investments in physical infrastructure, is driving the market. In line with this, the growing concerns about data privacy and security are prompting cloud service providers to make significant investments in enhancing their security measures. They comply with international standards and regulations, providing a secure environment for organizations to store and process their data. Apart from this, the rapid growth of e-commerce and online services in Saudi Arabia is catalyzing the demand for cloud infrastructure. Furthermore, the widespread adoption of IoT solutions across various industries in Saudi Arabia to improve efficiency and decision-making is strengthening the growth of the market. Public cloud services aid in managing and analyzing the vast amounts of data generated by IoT devices. Moreover, the governing authorities of Saudi Arabia are actively supporting the growth of the cloud computing industry by implementing regulations and initiatives that facilitate cloud adoption. Initiatives like the National Transformation Program (NTP) and the Saudi Cloud First policy encourage government agencies to migrate their IT infrastructure to the cloud.

Saudi Arabia Public Cloud Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on service, enterprise size, and end use.

Service Insights:

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)
   

The report has provided a detailed breakup and analysis of the market based on the service. This includes infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).

Enterprise Size Insights:

• Large Enterprises
• Small and Medium-sized Enterprises
   

A detailed breakup and analysis of the market based on the enterprise size have also been provided in the report. This includes large enterprises and small and medium-sized enterprises.

End Use Insights:

• BFSI
• IT and Telecom
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Healthcare
• Media and Entertainment
• Government and Public Sector
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end use. This includes BFSI, IT and telecom, retail and consumer goods, manufacturing, energy and utilities, healthcare, media and entertainment, government and public sector, and others.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Public Cloud Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia public cloud market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Saudi Arabia public cloud market?
• What is the breakup of the Saudi Arabia public cloud market on the basis of service?
• What is the breakup of the Saudi Arabia public cloud market on the basis of enterprise size?
• What is the breakup of the Saudi Arabia public cloud market on the basis of end use?
• What are the various stages in the value chain of the Saudi Arabia public cloud market? 
• What are the key driving factors and challenges in the Saudi Arabia public cloud?
• What is the structure of the Saudi Arabia public cloud market and who are the key players?
• What is the degree of competition in the Saudi Arabia public cloud market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia public cloud market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia public cloud market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia public cloud industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.