Middle East And Africa Everything As A Service (Xaas) Market 2023-2030

Middle East And Africa Everything As A Service (Xaas) Market 2023-2030

MARKET OUTLOOK

Triton Market Research’s report states that the everything as a service (XaaS) market in the Middle East and Africa is anticipated to progress in revenue at a compound annual growth rate of 21.48% during the forecast years 2023-2030. South Africa, the UAE, Israel, Saudi Arabia, and Rest of Middle East & Africa are considered in the region.

In the UAE, as per industry sources, hyper-scale cloud computing is estimated to bring billions in economic benefits to startups and SMEs over the forecast period. However, several SMEs employ manual procedures and rudimentary communication solutions, highlighting the need for XaaS services. This is expected to be fulfilled by the rising technological efforts in the nation, including the launch and deployment of 5G networks. Therefore, as stated above, these factors hold the potential to create lucrative opportunities for the XaaS market over the forecast period.

On the other hand, the use of high-end technology by enterprises like financial services, oil and gas, and telecom providers has elevated the demand for cloud computing in South Africa. Besides this, the adoption of cloud services has benefited SMEs in accessing data easily and securely. The government, as well as the commercial sector, are supporting the adoption of cloud services with investments and programs. Such steps are estimated to propel everything as a service market on a positive growth trajectory.

COMPETITIVE OUTLOOK

The notable companies in the everything as a service (XaaS) market include Cisco Systems Inc, SAP SE, VMware Inc, and Adobe Systems.