Israel Cloud Computing Market | Analysis 2019-2032

Israel Cloud Computing Market Growth and Performance

• The Israel cloud computing market size is expected to generate US$ 3.15 billion in revenue by 2024, with a projected Compound Annual Growth Rate (CAGR) of 9.18% from 2024 to 2032.
• In 2022, the cloud computing industry in Israel reached a value of US$ 2.40 billion.

Israel Cloud Computing Market Outlook

The Israel cloud computing market is witnessing a significant transformation as global giants like AWS and Oracle expand their infrastructure in the country, focusing on innovation, security, and economic growth.

AWS recently launched its Israel (Tel Aviv) Region, featuring three Availability Zones designed to deliver high availability, low latency, and secure data storage for local customers. This $7.2 billion investment is projected to contribute $13.9 billion to Israel's GDP by 2037. This move is a clear reflection of the Israel cloud computing market trend, where localized, secure, and resilient cloud infrastructure is becoming a priority for industries ranging from government and healthcare to education and finance. Organizations like Bank Hapoalim and the Ministry of Transport are already leveraging AWS technologies to enhance operations and improve citizen services.

Similarly, Oracle is reinforcing its commitment to the Israel cloud computing industry by announcing a second data center, strategically located nine floors underground to ensure maximum security against potential threats. This expansion highlighted the company's focus on strengthening its cloud infrastructure in the region. Oracle's first data center, launched in February 2021, was a pioneering effort as the first major cloud provider in Israel. The new facility aims to cater to critical sectors like defense, government, banking, and retail, ensuring secure cloud services and business continuity amid regional geopolitical challenges.

Israel Cloud Computing Market Competitive Landscape

The Israel cloud computing market competitive landscape is becoming increasingly dynamic, with global providers like AWS and Oracle competing to offer advanced technologies, low-latency services, and robust security measures. The presence of multiple Availability Zones and underground data centers underscores the industry's emphasis on high availability, resilience, and compliance with stringent security requirements. As the market matures, local businesses and government entities are rapidly adopting cloud solutions to drive efficiency, innovation, and scalability. This trend not only boosts Israel's technological capabilities but also cements its position as a leading hub for cloud computing in the Middle East.

Israel Cloud Computing Market Scope