UAE Cloud Computing Market | Analysis 2019-2031

UAE CLOUD COMPUTING INDUSTRY SNAPSHOT

• Revenue in the United Arab Emirates cloud computing market is estimated to reach US$ 993.8 million by 2024, with an expected Compound Annual Growth Rate (CAGR) of 10.03% from 2023 to 2031.
• The value of UAE cloud computing industry in 2022 was US$ 845.7 million.
• By category, Software as a Service (SaaS) is forecasted to emerge as the foremost segment, valued at US$ 1,045.2 million in 2031.
• The UAE cloud computing market is forecasted to see IT and Telecom end user generating 26.31% of the total revenue by 2031.
• Major players in the market are keen on extending their strategic partnerships with cloud service providers to continue offering their advanced cloud solutions and services. For instance, in September 2023, Microsoft Corp. expanded its partnership with Group 42 Holding Ltd., based in Abu Dhabi, UAE. Also, the company announced that it would be developing artificial intelligence (AI) technology across various industries while also providing cloud infrastructure in the country.

UAE CLOUD COMPUTING MARKET COVERAGE