The Saudi Arabia Cloud Services Market size was valued at around USD 2.6 billion in 2024 and is projected to reach USD 7 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2025-30.
Saudi Arabia Cloud Services Market Trend:
Increasing Requirements for Cost-Efficient Computing Operations – The number of companies coming to Saudi Arabia is continuously increasing. For instance, the Saudi government aimed to attract 160 companies to Riyadh in 2023 but ended up attracting more than 200 international companies. In the initial stages, these companies aim to run on the least possible investments. As a result, the demand for cloud services increases as they provide companies with cost-efficient computing operations such as paying only for the used computing power, reducing the cost of setting up physical hardware, reducing maintenance & updating costs, and so on. Therefore, due to the emergence of new companies and start-ups, there is a high need for cloud services to ensure cost-efficiency, and this demand is expected to remain in coming years also as more companies will be attracted to Saudi Arabia as per the Vision 2030 goals.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Saudi Arabia Cloud Services Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Infrastructure-as-a-Service (IaaS)- Market Size & Forecast 2020-2030, USD Million
- Platform-as-a-Service (PaaS)- Market Size & Forecast 2020-2030, USD Million
- Software-as-a-Service (SaaS)- Market Size & Forecast 2020-2030, USD Million
- By Deployment Model
- Public Cloud- Market Size & Forecast 2020-2030, USD Million
- Private Cloud- Market Size & Forecast 2020-2030, USD Million
- Hybrid Cloud- Market Size & Forecast 2020-2030, USD Million
- By Organization Size
- Small & Medium Enterprises- Market Size & Forecast 2020-2030, USD Million
- Large Enterprises- Market Size & Forecast 2020-2030, USD Million
- By End-User
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2020-2030, USD Million
- IT & Telecom- Market Size & Forecast 2020-2030, USD Million
- Government & Defense- Market Size & Forecast 2020-2030, USD Million
- Media & Entertainment- Market Size & Forecast 2020-2030, USD Million
- Automotive & Transportation- Market Size & Forecast 2020-2030, USD Million
- Healthcare- Market Size & Forecast 2020-2030, USD Million
- Retail- Market Size & Forecast 2020-2030, USD Million
- Energy & Utilities- Market Size & Forecast 2020-2030, USD Million
- Others (Education, Construction & Manufacturing, etc.)- Market Size & Forecast 2020-2030, USD Million
- By Region
- Central
- North
- East
- West
- South
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Amazon Web Services (AWS), Microsoft Azure, Google Cloud, Oracle, Alibaba Cloud, STC Cloud, Sahara Net, Huawei Cloud, Zain Cloud, Kalaam Telecom, Others
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