CLOUD APPLICATIONS TO GROW FAST IN MIDEAST

DT News Network

Manama 

The Middle East cloud applications market is expected to grow from $887.5 Million in 2015 to $2404.5M by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 22.1 per cent from 2015 to 2020, according to a report by Research and Markets

The cloud applications have widely been adopted by businesses across a broad spectrum of verticals in Middle East, report says, such as Banking, Financial Services, and Insurance (BFSI), retail and wholesale, telecommunication & IT, healthcare & life sciences, government, manufacturing, travel and hospitality, resource and utilities.

The cloud application in Middle East is currently offered by numerous vendors such as IBM, Oracle, Salesforce.com, SAP SE and others envelop the whole private, public and hybrid cloud spectrum. These vendors are selling variations of cloud applications via public, private, hybrid, and managed services, along with switching their one-off licensing scheme to a more dependable subscription model.

Now-a-days the major issue is the security and privacy in the Middle East cloud applications market. To overcome this constraint, cloud applications vendors as well as resellers, systems integrators, and data center operators have been working together to make sure that cloud applications are delivered easily with maximum security and customization. The cloud services vendors are also engaged in delivering advanced applications with lower cost to simplify the business functions.