This report is intended to provide an in-depth analysis of the latest trends prevailing in the Saudi Arabia Cloud Computing market and its growth and development in the next decade. The changing demographics of the world population, developing infrastructure, emerging economies, consumer spending behaviour, per capita income, macroeconomic factors, rising GDPs, and the reformation in laws and regulations are trend setting factors, which will affect the market. The analysis in the report addresses questions regarding scope in the market, factors driving the market, market sizing by the end use sectors, the consumers’ response to the market, etc. The report also demonstrates how the market evolved, how it is now, and how these markets will perform in the future

The report delivers considerable added value by revealing:

• Overview of the Saudi Arabia Cloud Computing market status and market up to 2027.
• Analysis of major companies. financials, product benchmarking, and recent industry developments.
• Saudi Arabia Cloud Computing market forecast, 2021-2027 and in-depth analysis of the drivers, restraints, and opportunities of the market.
• Individual and detailed analysis of Saudi Arabia Cloud Computing market submarkets.

• Saudi Arabia is a growing market for cloud computing with revenue of US$ 470.0 Mn in 2020, and it is expected to witness a CAGR of XX% respectively during 2021–2027.
• Among the various application, the Software as a Service (SaaS) segment held the largest share of XX%, reaching the value at US$ XX Mn in the Saudi Arabia cloud computing market in 2020 and it is expected to reach US$ XX Mn respectively by 2027, growing at a CAGR of XX% respectively during 2021-2027.
• Among the various deployment model, the private cloud segment held the largest share of XX%, and US$ XX Mn in the Saudi Arabia cloud computing market in 2020 and it is expected to reach US$ XX Mn respectively by 2027, growing at a CAGR of XX% respectively during 2021-2027.
• Among the various enterprises, the large enterprises segment held the largest share of XX%, and US$ XX Mn in the Saudi Arabia cloud computing market in 2020 and it is expected to reach US$ XX Mn respectively by 2027, growing at a CAGR of XX% respectively during 2021-2027.

Market Share Overview-2020

• The Saudi Arabia cloud computing market is mostly consolidated with companies such as Google, Microsoft, Oracle, Alibaba Cloud, Mobily and Amazon as a key participant.
• The market share analysis is based on analyst understanding taking revenue figures, market trends and infrastructure development into account.
• The global behemoths, Microsoft, Google and AWS, are yet to add local cloud regions to Saudi Arabia, but some organizations are making pragmatic use of their extra-territorial offerings, such as Office 365 or G Suite.
• Organizations in all sectors are now using cloud in one way or another. Market participants are investing heavily in the development of better infrastructure along with forming strategic alliances with the local giant companies. This integration widens the application scope of cloud computing in Saudi Arabia.

Market Opportunities And Trends

An increasing number of organizations in Saudi Arabia are now opting for a multi-cloud strategy. Unlike the traditional cloud strategies, where generally only one cloud partner is chosen to interface with both on-premises data centres and edge servers, multi-cloud strategies make it possible to use a strategic mix of all three public clouds, in addition to any on-premises or edge servers.

The use of more than one provider can help in preventing outage of a single provider, and of a specific region. Moreover, the government of KSA has invested in a lot of emerging technologies in the country, which involves mobile apps, government e-portals, and imaging technologies, among others. These different applications create different types of workloads suited for, and served, by different types of data centre platforms.

Saudi Arabia has welcomed private ownership through privatization programs and recent decisions to allow full foreign ownership in key industries, fostering interest in international companies. Saudi Arabia’s GDP is impressive due to the private sector’s significant contribution to the country, and it is expected to continue to grow in the future.

Market Drivers

The government of the KSA is also focusing on e-government concept, in order to reduce costs, improve services, save time and increase effectiveness and efficiency across the public sector. ‘YESSER’ has been the umbrella organization and the overall controller of all procedures, activities, and all other issues and acts related to e-government implementation in the Kingdom.

The Kingdom of Saudi Arabia has also adopted the Cloud First Policy. This policy is intended to accelerate the pace at which Governmental entities are migrating from traditional IT solutions to Cloud solutions. This policy covers all Governmental and semi-Governmental entities with the exclusion of entities primarily responsible for the national cyber security and defence. The entities covered by this policy are required to consider cloud computing options, whenever they make a new IT investment. Additionally, entities covered by the scope of this policy are no longer allowed to buy or build new data centre infrastructure (data centre, servers or other storage equipment, network equipment, uninterruptible power sources).

COVID-19 Impact

• “In the immediate aftermath of COVID-19, all of us, in some sense, moved to the cloud,” said Dina Abo-Onoq, managing partner, IBM Services, Saudi Arabia.
• “Using cloud-based video conferencing, cloud-based education platforms, cloud-based document sharing and signing, and more. For companies that had to quickly establish distributed call centres or chatbots, the cloud provided them with a fast path to do so, without needing to procure hardware or go through a lengthy procurement cycle with vendors. We are seeing more and more firms of all sizes look at how they can move more and more workloads to the cloud.
• As a result, Saudi Arabia has increased its efforts to adopt cloud-computing technology and was one of the earliest countries in the region to adopt specific regulations for cloud service provider.

Market Segmentation

By Service Model

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)

By Deployment Model

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Infrastructure

• Data Storage & Backup
• Resource Management
• Application Development & Testing
• Orchestration Services
• Integration
• Others

By Pricing model

• Pay-per-use pricing
• Subscription pricing
• Hybrid pricing

By Enterprises

• Large Enterprises
• Small and Medium Sized Enterprises

By End use

• Banking, Financial Services and Insurance (BFSI)
• IT & Telecom
• Energy & Utilities
• Life Sciences
• Healthcare
• Government & Public Sector
• Retail & Consumer Goods
• Others

Company Profiles- Global And Regional Players

• Google
• Amazon
• Oracle
• Cisco System Inc.
• SAP SE
• Alibaba Cloud
• Etihad Etisalat Company
• Saudi Telecom Company (STC)
• SALAM
• Zain KSA