KSA Cloud Services Market is heading towards $1 Bn Mark in the next 4 years. Will it be able to achieve it? REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit With a moderately concentrated competition Saudi Arabia’s cloud service market is poised grow at a CAGR of 21.8% from 2021 to 2026 and expected to generate over $1500 Mn by the end of 2026, as per the findings by Ken Research 1.Increase spending on Cloud services, Favorable Geography and Surge in Mobile and Internet Penetration will help the Cloud Services Market to reach $1.5 Bn. Saudi Arabia aims to increase spending on cloud computing services by 30%, the pandemic is accelerating this rate of cloud adoption further. Moreover, Public cloud spending in KSA stood at $40 Mn in 2020. Interested to Know More about this Report :- Request for a sample report 2.The KSA cloud services market is expected to grow at CAGR of over 21% by 2026 driven by multiple upcoming projects by Google, Oracle and Alibaba and proliferation of IoT and digitization. In December 2020, Saudi Aramco and Google Cloud signed an agreement that paves way for the rollout of high-performance, low-latency cloud services. STC Group has partnered with China’s Alibaba Group to establish Alibaba Cloud for high-capacity cloud services in Riyadh with a capital amount of around $200 Mn. Moreover, Google Cloud planning to open 3 zones in Dammam which is an important location given its proximity to several subsea cables. Also, Oracle, Google, and Huawei Cloud are opening new cloud regions in KSA. Visit this Link :- Request for custom report 3.With vast number of Ongoing and Upcoming Data Center Projects, KSA has the potential to become largest Data Center Hub in the Middle East Region. The high upfront costs, higher power tariffs, maintenance-related issues, security and high real estate costs are increasingly tipping the scale in favor of Third-Party Data Center operators. Additionally, major cloud service market providers are also exploring setting up their own Data Centers. The Saudi Ministry of Communications and Information Technology (MCIT) is working with local players to develop a network of colocation data Centers in Saudi Arabia, with a strategy to attract $18 Bn from investors by 2030. Furthermore, improvement in network connectivity (6.5% yoy increase in mobile telecom subscriptions), government support, and rapid growth in the adoption of cloud, big data, and IoT services have been strong enablers for the growth of the Saudi Arabian data center industry. 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