MEA Cloud Computing Market: Accelerating Digital Transformation Through Scalable, Secure, and Cloud-First Infrastructure According to a MarketsandMarkets research study titled “MEA Cloud Computing Market by O ering (Service Model: IaaS, PaaS, and SaaS), Deployment Mode (Public, Private, and Hybrid Cloud), Vertical (BFSI, Energy & Utilities, Manufacturing), and Region – Forecast to 2028,” the Middle East and Africa (MEA) Cloud Computing Market is projected to expand at a compound annual growth rate (CAGR) of 18.6%, increasing from USD 21.1 billion in 2023 to USD 49.5 billion by 2028. This growth trajectory reflects the region’s accelerating digital maturity and rising reliance on scalable, cloud-first IT architectures. Market Dynamics Key Growth Drivers
Accelerated digital transformation initiatives across government services are significantly boosting cloud adoption.
The rapid expansion of e-commerce and online retail platforms is creating sustained demand for scalable cloud infrastructure.
A robust and expanding data center ecosystem across MEA is strengthening the adoption of cloud hosting services.
The fast-evolving fintech landscape is driving increased demand for secure and resilient cloud infrastructure solutions.
Market Restraints
The widespread availability of pirated cloud software across MEA continues to undermine legitimate cloud adoption.
Persistent concerns among small and medium-sized enterprises (SMEs) regarding public cloud security and cost structures are limiting broader adoption.
Emerging Opportunities
Growing adoption of digital health platforms is accelerating cloud usage across healthcare ecosystems.
A favorable regulatory and business environment for Software-as-a-Service (SaaS) providers is encouraging cloud migration.
Telecommunications operators are increasingly expanding their portfolios to include cloud-based service o erings, opening new growth avenues.
Looking for growth strategies? Download the PDF with key business opportunities discovered via market research. Market Segmentation Insights By Service Model: SaaS to Dominate Market Share The Software-as-a-Service (SaaS) segment is expected to account for the largest share of the MEA cloud computing market during the forecast period. SaaS enables organizations to access cloud-hosted applications via web browsers, eliminating the need for on-premises installations and maintenance. Its subscription-based pricing, scalability, centralized security, and automatic updates make SaaS an attractive option for enterprises seeking operational e iciency and reduced IT overhead. By Platform Type: PaaS Data Management to Lead Within the Platform-as-a-Service (PaaS) segment, data management solutions are anticipated to register the largest market share. PaaS-based data management platforms provide enterprises with scalable databases, analytics tools, and data processing capabilities without the complexity of managing underlying infrastructure. This enables organizations to accelerate application development, strengthen data governance, and extract actionable insights while maintaining agility and cost e iciency. By Vertical: BFSI to Retain Market Leadership The Banking, Financial Services, and Insurance (BFSI) sector is projected to remain the largest vertical contributor to the MEA cloud computing market. Financial institutions are increasingly leveraging cloud platforms to enhance customer experiences, optimize risk analytics, strengthen fraud detection, and ensure regulatory compliance. Cloud-enabled agility allows BFSI organizations to rapidly launch new digital services while maintaining high standards of data security and operational resilience.
Discover what’s fueling successful companies download the Sample Report for your business growth. Competitive Landscape Key players shaping the MEA cloud computing ecosystem include:
Microsoft (US)
Amazon Web Services (US)
IBM (US)
Google (US)
Alibaba Cloud (China)
Oracle (US)
SAP (Germany)
Salesforce (US)
Etisalat (UAE)
eHosting DataFort (UAE)
Regional Outlook: Africa Emerges as a High-Growth Market Africa is expected to capture the second-largest share of the MEA cloud computing market during the forecast period. The region is witnessing increasing cloud investments and adoption driven by both public- and private-sector digitalization initiatives. Cloud services are playing a critical role in delivering scalable, cost-e ective, and accessible computing resources across key economies such as South Africa, Egypt, Nigeria, and other emerging markets, positioning Africa as a strategic growth frontier within the MEA cloud ecosystem. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine o ering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With
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