The public cloud services market in the Middle East and North Africa (MENA) region is projected to grow 18.1percent in 2016 to total $864.2 million, up from an estimated $731.6 million in 2015, according to Gartner, Inc.
Business process as a service (BPaaS), the largest segment of the cloud services market by revenue in MENA, is expected to grow 6.4 percent in 2016 to reach $262.4 million. The largest growing market, cloud management and security services, is projected to grow 27.5 percent in 2016, followed by software as a service (SaaS) and platform as a service (PaaS) with growth of 26.4 percent and 23.4 percent .
"The forecast for overall cloud services in the region shows sustained momentum with a projected growth rate of 20.6 percent in 2017 . Global market dynamics, currency and exchange rates remain a determining factor in this growth trajectory." said Sid Nag, research director at Gartner. "BPaas revenue remains the largest segment with enterprises continuing to move to cloud based models as opposed to the traditional business process outsourcing (BPO). Furthermore, growth of SaaS and PaaS is an indicator of organizations and vendors moving away from on premises license based application software and application development platforms to subscription-based SaaS and PaaS models."
Gartner predicts that in 2019, total public cloud services spending in the MENA region will rise to $1.42 billion, with the largest growth coming from cloud management and security at 21 percent, followed by SaaS and infrastructure as a service (IaaS) with growth rates of 20.2 percent and 19.3 percent respectively.
Additional information is available in the Gartner report "Forecast: Public Cloud Services, Worldwide, 2013-2019, 4Q15 Update".
Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. The company 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 to clients in approximately 10,000 distinct enterprises worldwide. 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, USA, and has 8,300 associates, including more than 1,800 research analysts and consultants, and clients in more than 90 countries. For more information, visit www.gartner.com.
Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an "as-is" basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.