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The UAE Cloud Security Market is projected to grow at a CAGR of around 13.26% during the forecast period, i.e., 2022-27. The factors responsible for the market growth are the rapid investments by the global & regional cloud services providers in the country, proactive government measures towards strengthening cybersecurity, increasing adoption of cloud services by enterprises for achieving scalability & cost-effectiveness, and mitigating cyberattacks, among others, have driven the demand for cloud security solutions during the historical periods. Moreover, the UAE has been at the forefront of
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MARKET RESEARCH REPORT • UAE Cloud Computing Market RESEARCH REPORT: FORECAST (2024-30) • Get Sample 2024-30 • @marknteladvisors
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Market Insights The UAE Cloud Computing Market size is estimated to grow at a CAGR of around 36.12% during the forecast period, i.e., 2024–30. The increasing digital transactions, online activities, and widespread deployment of IoT devices have collectively contributed to an unprecedented volume of data generation, which requires cloud computing services for smooth processing. Businesses across the UAE are grappling with the challenge of efficiently managing, processing, and storing this immense amount of data. As a result, organizations are increasingly turning to cloud service providers to meet their expanding data storage and processing demands. Cloud computing provides a scalable and flexible infrastructure that allows businesses to dynamically adjust their computing and storage resources based on current requirements, positively enhancing the market size.
Market Challenge Rising Data Privacy Concerns & Cybersecurity Risks Impeding Market Growth – With the increasing adoption of cloud computing, cyber threats such as data breaches, ransomware attacks, and unauthorized access pose significant challenges in the UAE Cloud Computing Market during the historical years. Ensuring robust cybersecurity measures and implementing effective threat detection and prevention mechanisms are crucial challenges for cloud providers in the country. Moreover, data privacy regulations such as the UAE Data Protection Law and requirements for data localization pose challenges for cloud providers in ensuring compliance with regulatory standards while offering cloud services. Consequently, organizations hesitate to adopt cloud solutions due to concerns about data security, sovereignty, and compliance, which is further projected to hinder market growth & expansion in the coming years.
Market Segments By Service Type (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), By Deployment Type (Public Cloud, Private Cloud, Hybrid & Multi Cloud), By Enterprise Size (Large, Small & Medium), By End User (Banking, Financial Services & Insurance (BFSI), Government & Public Sector, IT & Telecom, Healthcare, Education, Retail, Others (Real Estate, Manufacturing, etc.)
Top Companies • Microsoft Corporation, Inc., IBM Corporation, Google, Oracle Corporation, Amazon Web Services, Inc., Alibaba Cloud, Salesforce Inc., SAP, Etisalat, Adobe Inc., Rackspace Technology, Others
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