KSA Data Center and Cloud Services Market Outlook to 2026F: Ken Research
The report titled “KSA Data Center and Cloud Services Market Outlook to 2026F – Driven by rising investments in data centers from private sector and government support towards technology and Cloud first policy” by Ken Research provides a comprehensive analysis of the potential of Data Center and Cloud Services Industry in KSA. The report also covers overview and genesis of the industry, market size in terms of revenue generated; market segmentation by type of data center, type of co-location data centers on the basis of number of racks, type of end users, by type of clients and by region; challenges and bottlenecks, growth enablers and drivers; upcoming projects of data center in KSA, major regions with respect to data center, trends and recent developments in data center and cloud services industry in KSA, competitive landscape and market analysis and growth quadrant including competition scenario, market shares of major operators on the basis of number of racks, on the basis of number of data centers and on the basis of MW of power. The report concludes with future market projections of each product segmentation.
Detailed Analysis on the KSA Data Center Market:
KSA is the largest ICT market in the MENA, and it is well-positioned to become a technology service and cloud hub with access to international connectivity through the Red Sea and the Gulf. KSA Data Centre industry is witnessing robust growth in the era of virtualization and cloud computing. Shifts in creative media content towards Content Delivery Networks, IoT, growth of big data and the roll out of 5G is driving the demand for data consumption in KSA. Improvement in network connectivity, government support, and rapid growth in the adoption of big data, and IoT services have been strong enablers for the growth of the KSA Data Center Market.
KSA Data Center is moderately concentrated market with STC and Mobily are the top player with most number of data centers. Majority of the Data Center operators are in collaborative terms with other market players to expand their business and reach to the rising demand of data usage by end users.
KSA Data Center Market is set to grow at a CAGR of 19.5% in terms of revenue generation, over the period 2021-2026F. The KSA government’s smart city initiatives, adoption of 5G, Internet of Things (IoT), Artificial Intelligence (AI) and cloud first policy are driving the demand for Data Centers.
KSA Data Center Market Segmentations:
Co-Location Data Centers have dominated the market against Managed Data Centers as colos offers higher availability, reliability, certified building tier levels, energy efficiency, dedicated facilities management, and the ability to scale.
Wholesale Co-Location Data Centers contributed majority percentage share in terms of Revenue in comparison to Retail Co-Location Data Centers in KSA.
Domestic Clients dominated the Global Clients in this segment due to the strong presence of local Data Center operators and collaboration among market players in the country.
KSA Data Center Market have more number of Tier III Data Centers in comparison to Tier IV Data Centers, offering cost-effective solution for the vast majority of medium to large businesses and enterprises.
Riyadh with the presence of most number of Data Centers in the region, followed by Jeddah and Dammam.
IT/ITes sector contributed majority of revenue in KSA Data Center Market whereas Government, Communication and other sectors contributed the rest.
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Detailed Analysis on the KSA Cloud Services Market:
The high upfront costs, higher power tariffs, maintenance-related issues, security and high real estate costs are increasingly tipping the scale in favor of third-party Data Centre operators. Increasing preference of companies to reduce complexity of enterprise ICT environment, coupled with increasing demand for computing, storage capacity in KSA. Saudi’s Cloud Services market has seen a tremendous growth due to surge in online activities majorly in all workplace systems along with investments and new market entrants. The Cloud Services Market in KSA is moderately concentrated comprising various global and local cloud services operators with Oracle and STC being the most popular cloud services provider.
KSA Cloud Services Market is set to grow at a CAGR of 21.8% in terms of revenue generation, over the period 2021-2026F. The Cloud service market is driven by multiple upcoming projects by Google, Oracle and Alibaba and proliferation of IoT and digitization.
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KSA Cloud Services Market Segmentations:
laaS Cloud Services dominated the KSA Cloud Services than PaaS and SaaS as laaS services are more popular among cloud end users in the market.
Domestic Clients base contributed majority of the revenue share in comparison to Global Clients in KSA due to the security and privacy constraints.
IT/ITes Sector dominated the market share than other sectors due to deployment of immense cloud services for cloud storage and web hosting to meet the end users demand, followed by Government and Teclecom.
Key Segments Covered
Key Topics Covered in the Report
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