IMARC Group has published a market research report titled "Saudi Arabia Cloud Managed Services Market Report by Service Type (Managed Network Services, Managed Business Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Managed Communication and Collaboration Services), Deployment Model (Private Cloud, Public Cloud), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Vertical (Retail and Consumer Goods, BFSI, Telecom, Government and Public Sector, Healthcare and Lifesciences, Manufacturing, Energy and Utilities, IT, and Others), and Region 2024-2032", Saudi Arabia cloud managed services market size is projected to exhibit a growth rate (CAGR) of 14.60% during 2024-2032.
The strong emphasis on digital transformation by Vision 2030 is one of the primary factors driving the Saudi Arabia cloud managed services market. Additionally, the potential to enhance operational efficiency, reduce IT costs, and provide scalability, which is crucial for businesses looking to adapt to a rapidly evolving economic landscape, is further fueling the market. Besides this, the Saudi government authorities are actively encouraging migration to the cloud through supportive policies and initiatives, which include partnerships with major cloud service providers to establish local data centers and ensure compliance with data sovereignty laws and regulations, and are contributing to the expansion of the market.
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Saudi Arabia Cloud Managed Services Market Trends and Drivers
The surge in cybersecurity threats has underscored the importance of robust IT security, propelling the demand for managed cloud services that offer enhanced security measures, which is further augmenting the market. Additionally, cloud-managed service providers are capitalizing on this need, which is particularly appealing to sectors like banking, healthcare, government, etc., and is creating a positive outlook for the market. Moreover, the COVID-19 pandemic accelerated the shift towards remote working, further necessitating reliable and scalable cloud solutions to facilitate efficient telecommuting setups, thereby bolstering the market. The trend towards adopting advanced technologies such as artificial intelligence, big data analytics, and the Internet of Things (IoT), which require substantial data processing and storage capacities, is anticipated to drive the Saudi Arabia cloud managed services market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Service Type Insights:
- Managed Network Services
- Managed Business Services
- Managed Security Services
- Managed Infrastructure Services
- Managed Mobility Services
- Managed Communication and Collaboration Services
Deployment Model Insights:
- Private Cloud
- Public Cloud
Organization Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
Vertical Insights:
- Retail and Consumer Goods
- BFSI
- Telecom
- Government and Public Sector
- Healthcare and Lifesciences
- Manufacturing
- Energy and Utilities
- IT
- Others
Regional Insights:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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