The year 2020 and 2021 has seen various organisations adopting digital at a pace that they are not accustomed to.
In order to avoid coming in direct contact with each other, people have been adopting the digital mode of payments. E-commerce sectors have been gaining more popularity.
Organisations are more focused upon incorporating the latest technologies that could help in improving their business strategy and customer experience.
The Middle East market is also witnessing a rapid adaptation of the latest technologies and is expected to grow further in the near future. Countries in the Middle East are looking to improve their digital economies through smart city projects, which is fueling the demand for edge computing and data center deployment.
The IoT revenue in the Middle East is expected to grow at a CAGR of over 15% by 2025. Also, the adoption of 5G networks has commenced in the region. The Middle East Data center market is expected to cross 3% in revenue by 2025.
Increasing e-government and smart city initiatives, growing internet penetration and social media usage, rapid adoption of digital services in BFSI sector and enterprise mobility are forecasted to be major growth drivers of the Middle-East digital transformation market, added a Maximize Market Research report.
A Cequens report added that the Gulf Cooperation Council (GCC) countries are leading the charge toward digital transformation and technological adoption. Bahrain, Qatar, and Saudi Arabia have seen a consumer-driven push towards new technologies.
Where other areas of the world saw business adoption first, consumers second, the Middle East is seeing the same changes happen in reverse.
Sands of Time
The Middle East IT infrastructure market expects to grow at a CAGR of over 6% during 2020–2026. Data center adoption has seen a rise and hyperscalers, greenfield data centers, as well as co-location providers, are eying the market, which has publicly stated that data is the new ‘oil’.
Chinese tech giant Tencent will officially make its first entry into the Middle East and North Africa (MENA) market with the construction of a data center in Bahrain. Demand for Data Centres has been underpinned by technological advances and the increasing adoption of cloud-based services.
As AI, ML & 5G trends play out, the levels of data produced, stored, and analysed will grow exponentially, which will drive significant demand for Data Centres.
The Middle East Cloud application market is expected to grow by USD 4.5 Billion by 2024 at a CAGR of 17.5%.
Localisation of Data Centres will be required going forward for the Middle East thus it will become a key market for cloud-based on-demand computing service providers.
With the adoption of the latest technologies comes challenges. To shed some light on the same, W.Media is hosting a Digital Event ‘Middle East Cloud and Data Centre Market Insights’ on the 31st of May, 2021.
Experts from the tech industry will be a part of this event and help us understand the current market trends of the Middle East.
The topics that will be discussed during the day include “5G and Edge- What it means for business in the Middle East”, “The Data Center market in the Middle East- Investment trends and outlook 2025”, “Green DC- A Sustainable Strategy for Data Center pioneers in the Middle East” and others.
Renowned speakers will be a part of this event including Waleed Ali, Senior Specialist Digital Government, Digital Transformation and Emerging Technologies, Government of Qatar, Jonathan Atkins, Global Head- Communications Infrastructure Investment Research- MD at RBC Capital Markets, Hessam Seifi, MD, DC PRO BV, Sheeba Hasnain, Head of IT Operations, Transportation Systems Department, Sarjah, Piyush Chowhan, CIO, Lulu Group International to name a few.
Not Just a Conference, but a Community Hub
See our Middle East Cloud & Data Center Market Insights for the full list of our expert guests. More speakers are joining the event each day, and it is shaping up to be the most informative and forward-thinking conference of the year.
Whether you’re interested in the Cloud, Datacenters, Digital Transformation, or all of the above, Middle East Cloud and Data Centre Market Insights has the content and connections to keep you on the forefront of South Asia’s accelerating tech scene.
Here is a sneak peek on what tech influencers have to say about Middle East Cloud and Data Centre Market Insights;
“COVID-19 pandemic disrupted many businesses in different domains, 5G rollout was one of them. However, the shift we are witnessing in data center architecture and design, became reality in today’s data centers landscape due to 5G capability of transmitting enormous amounts of data in real-time connections catalyzed edge computing and facilitated moving storage and processing near data source,” said Waleed Ali, Senior Specialist Digital Government, Digital Transformation and Emerging Technologies, Government of Qatar.
He further added that the synergy of edge computing and 5G connectivity is key to providing agile microservices and contributes to strengthening the resilience in businesses and smart cities to face future pandemics or emergencies.
“Innovation is the key and GCC can serve as POC platform to new technologies. Hyper-scalers can and will play a key role,” said Tinboat Arslanouk, Senior Director- Data Center Product Management, du
“Cloud services will dramatically increase in the coming years, people will have confidence and they will start using applications as-a-service, platform-as-a-service, and software-as-a-service.
Cloud is the future of MEA and the world in general,” said Sheeba Hasnain, Senior IT & Digital Transformation Specialist, Government Entity.
This is also a major factor in global economic recovery in the post COVID era.