The Middle East region is strongly preparing itself for the post oil era and most importantly it’s going full throttle to unlock its full potential of becoming a technology ready region and here are some points to prove that: –
1) 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.
2) 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.
3) The Middle East Cloud application market is expected to grow by USD 4.5 Billion by 2024 at a CAGR of 17.5%.
The above points prove that yes, the middle east region is adopting fact to tech and adoption is high but there are still challenges as well as opportunities on the road to become a technology leader and therefore as a tech enthusiast In order to make sure you are well versed with these updates W.media has created the largest platform for Middle East tech enthusiasts to join together and get insights from the top experts of the world.
Welcome to W.Media’s Middle East Cloud and Data Center Market Insights on the 31st of May, 2021.