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(Hosting-NewsWire.com, November 23, 2017 ) The Middle East cloud infrastructure services market is expected to grow from USD 2.66 Billion in 2017 to USD 8.79 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 27.0% during the forecast period of 2017–2022. Initiatives taken by governments and global cloud service providers to promote cloud and analytics technologies are driving the adoption of cloud infrastructure services in the Middle Eastern market.
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The report provides detailed insights into the Middle East cloud infrastructure services market, which is segmented by service type, service provider, deployment model, organization size, industry vertical, and country. In the service type, the colocation services are expected to have the largest market share, followed by managed hosting services, during the forecast period. Vendors through cloud infrastructure services empower organizations to accomplish traditional enterprise workloads by offering an open private cloud deployment. The cloud infrastructure also enables users to develop an environment to embrace future-ready technologies with an advanced IT architecture.
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The public cloud deployment model is expected to grow at a higher CAGR, owing to its increasing adoption. It can be attributed to the additional advantages offered by the public cloud over the private cloud offerings. However, the data security concerns are there in the public cloud.
In the organization size segment, the dominance of larger enterprises in terms of their market share is expected to continue during the forecast period. Despite the lower adoption to enable business continuity and embrace disaster recovery and backup services, the small and medium-sized enterprises (SMEs) are expected to grow at a higher CAGR than large enterprises.
The BFSI vertical is expected to have the largest market share, followed by the telecommunications and IT vertical, during the forecast period. However, the retail and wholesale vertical is expected expand at the highest CAGR during the forecast period.
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Source: EmailWire.Com 
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