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PMMA Market to Reach USD 5.56 Billion by 2021 - Transition from Traditional On-Premises Deployment to Cloud-Based Deployment - Research and MarketsResearch and Markets has announced the addition of the "Middle East Cloud Infrastructure Services Market - Forecast to 2021" report to their offering. It's estimated the Middle East cloud infrastructure services market will grow from USD 2.31 billion in 2016 to USD 7.46 billion by 2021, at a CAGR of 26.4%. The Middle East cloud infrastructure services market is growing rapidly because of the transition from traditional on-premises deployment to the cloud-based deployment of various solutions across industries. IaaS service type is estimated to have the largest market share in 2016; it helps organizations to reduce the total cost of ownership as the infrastructure is provided by third-party vendors in the form of cloud-based data centers. Cloud infrastructure services have been deployed across various industry verticals, including BFSI, telecommunications & IT, retail & wholesale, manufacturing, healthcare & life sciences, media & entertainment, government, travel & hospitality, and others. The telecommunications and IT industryvertical is expected to witness the highest CAGR during the forecast period as the amount of data generated in the telecommunications industry is substantially huge which requires superior quality storage solutions and services. With its complex and fast-paced business models, the telecommunications and IT vertical deploys cloud-based infrastructure services to leverage its expertise and existing infrastructure. Kingdom of Saudi Arabia (KSA), followed by United Arab Emirates (UAE), is expected to continue being the largest revenue generating country for the Middle East cloud infrastructure services vendors for the next five years. Higher IT skills and bigger IT budgets in KSA are the key factors responsible for its large share in the Middle Eastern cloud market, which will further drive the growth rate of cloud infrastructure services market in this region. Companies Mentioned:
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 PMMA Market, By Grade 8 PMMA Market, By Form 9 PMMA Market, By Application 10 PMMA Market, By Region 11 Competitive Landscape 12 Company Profiles For more information visit http://www.researchandmarkets.com/research/scdhjf/middle_east_cloud View source version on businesswire.com: http://www.businesswire.com/news/home/20160809005776/en/ |
