SecurityWorldMarket

04/05/2015

ME cloud applications market to reach $2404.5 M

Dallas, Tx (USA)

The Middle East cloud applications market is expected to grow from $887.5 Million in 2015 to $2404.5 Million by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 22.1% from 2015 to 2020.  This is the view of research company Marketsandmarkets according to one of their latest reports.

The report “Middle East Cloud Applications Market by Type, by Country (United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Qatar) - Forecast and Analysis to 2020”, defines and segments the cloud applications market for Middle East into various segments. This report also provides an in-depth analysis and forecasting of Middle East market size, and it identifies the key driving factors, restraints, challenges, and opportunities which are impacting this market and shaping the future roadmap. The report also focuses on key adoption trends, future opportunities, and business cases in this market. Marketsandmarkets expects that increased adoption of cloud based solutions across SMBs will drive this market towards high growth rate.

The Middle East cloud applications market is broadly segmented by types: Customer Relationship Management (CRM), content management and collaboration, ecommerce, Human capital management (HCM), Enterprise Resource Planning (ERP), Business Intelligence (BI), Supply Chain Management (SCM), and Other industry specific application; By vertical: Banking, Financial Services, and Insurance (BFSI), retail and wholesale, telecommunication & IT, healthcare & life sciences, government, manufacturing, resource and utilities, travel and hospitality, and others; By country: Kingdom of Saudi Arabia (KSA), Unites Arab Emirates (UAE), Qatar.

Marketsandmarkets have taken various assumptions into consideration for market sizing and forecasting for this market. Some of the key assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging Middle East regions.

The research company believes that the Middle East cloud applications research report will help market leaders, new entrants and existing vendors in this market as it covers this market comprehensively and according to Marketsandmarkets, it provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different verticals and countries. This report will also better help them understand competitors and gain more insights to better positioning their business. There is a separate section on the competitive landscape, including competitor ecosystem, and mergers and acquisitions. Plus, there are company profiles on 10 key players in this market.


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