GCC cloud market to post 7-fold growth by 2020
Dubai, August 20, 2014
The GCC’s cloud computing is set to grow seven-fold from $91.7 million last year to expand at a CAGR of 32.8 per cent to reach $668.5 million by 2020, a report said.
The Gulf’s cloud computing market will grow to $118.5 million by the end of 2014, marking a growth of 29 per cent, added the report from IT research firm Frost & Sullivan, highlighting that the global cloud market will reach more than $125 billion by the end of the year.
As cloud computing moves from hype to the business mainstream, facilitating regional adoption of cloud technologies and virtual storage solutions will come to the fore at this year’s Cloud Confex - a specialist, integrated cloud exhibition and conference platform held at Gitex Technology Week, the largest ICT event in the Middle East, Africa and South Asia (MEASA).
The region’s unique business potential will see more than 7,000 key buyers attend the Cloud Confex on October 13 - the second day of Gitex Technology Week, which runs at Dubai World Trade Centre (DWTC) from October 12 to 16.
The Cloud Confex will be held under the theme: ‘Re-think Transformation. Re-think Agility’.
“Via a wide range of panels, demonstrations and networking events with industry-leading experts, the fifth Cloud Confex will focus on ‘how’ enterprises can truly capitalise on the cloud’s transformational potential and present industry-leading CIOs with best-practise cloud innovation and integration strategies,” said Trixee Loh Mirmand, senior vice president, Exhibitions & Events Management, DWTC, the organiser of Gitex Technology Week.
“A diverse range of sessions will explore all aspects of cloud computing agility – from technical areas including network, delivery, storage solutions and support services, to how Middle East telecommunications can generate cloud-driven revenue by developing and leveraging assets such as regional data centres and MPLS networks.”
In the UAE, sensitive industry sectors such as the public sector, oil and gas, banking, finance and insurance are all set to drive demand for cloud computing security solutions, according to Frost & Sullivan. Revenue from cloud computing security services in the UAE is set to grow from $ 8.7 million in 2012 to $72.3 million by 2019.
"To gain a competitive edge in an increasingly connected world, more enterprises are harnessing the cloud to extend their business capabilities across an ecosystem of internal teams, suppliers, channel partners, distributors and customers,” said Dr Sanjiva Weerawarana, founder and CEO of WSO2, a Diamond Sponsor of Cloud Confex.
“As one of the world’s leading providers of cloud-enabled, service-oriented architecture solutions, we are proud to sponsor Cloud Confex and educate companies of all sizes about the benefits and best practices around implementing private, public, and hybrid clouds to gain a strategic advantage and drive ROI.”
Juniper Networks Middle East, the industry leader in delivering innovation across routing, switching, and security, will serve as Platinum Sponsor of the Cloud Confex.
Cloud Confex will also host the second Gitex Cloud Awards – a celebration of excellence in cloud computing recognising the advancement and contribution of cloud computing to the business and technology communities.
Awards will be given out to end users in five categories including ‘Best Data Centre Infrastructure Project’, ‘Best Cloud Security Implementation’, ‘Best Virtualisation Solution Implementation’, ‘Best Big Data Solution Project’ and ‘Best Government Implementation of Cloud Solution’. With companies allowed to nominate themselves for accolades, the nomination period is open until the end of August at www.gitex.com
Running under the theme ‘Re-Imagining our Future’, Gitex Technology Week 2014 is set to attract more than 142,000 ICT professionals, 25,000 C-level executives and over 3,700 exhibitors from 61 countries. – TradeArabia News Service