Report Overview

Factors driving the growth of Jordan Cloud Market are rising adoption of cloud services in the manufacturing, BFSI, and healthcare sectors, growing government initiatives and substantial ICT infrastructure in the country.

Jordan Cloud Market- Industry Trends & Forecast Report 2028

Jordan cloud market exhibiting a CAGR of 18.2% during the forecast period (2022-2028). Jordan cloud market is booming as a result of the increased focus on adopting cutting-edge digital technologies to improve operations and cut costs, which has ramped up the adoption of cloud services in the country. There is a tremendous need for cloud due to the rapid adoption of these services in the country's manufacturing, BFSI, and healthcare sectors. Moreover, the Jordan cloud market has grown significantly due to the country's growing government initiatives and substantial ICT infrastructure.

Cloud Overview

A technology known as the "cloud" offers instantaneous, on-demand access to computer resources like processing power and data storage without the need for direct control. Organizations can save money by using the cloud because they only pay for the services they utilize rather than for IT infrastructure and running expenses. Cloud also offers better productivity, eliminating the need for assembling, racking, and stacking IT components. Since the cloud offers highly scalable computing resources, it has become a crucial milestone in the evolution of information systems (IS) and a top IT strategy for governments. With more businesses adopting a cloud-first strategy, the cloud is reaching its maturity stage.

Jordan Cloud Market Trends

Growth Drivers

Rising work from home initiative is driving the adoption of cloud technology in the country

Since the WFH program is assisting in maintaining enterprise business processes, the usage of cloud technology is anticipated to rise across the country. On a list of the top 100 locations for remote workers, Jordan came in at number 81 globally and second regionally, according to a study by the Work from Wherever Index. With the expanding popularity of the work-from-home model, businesses in Jordan can maintain their business operations due to the cloud. Online communication tools like Microsoft Teams, Google Meet, Zoom, and Skype are growing as more people work from home. Therefore, cloud technologies allow enterprises to efficiently store, access, and manage vital data. Moreover, the necessity for storing and processing massive volumes of data has substantially expanded as a result of the increasing use of smartphones, computers, and the internet, allowing businesses to provide their consumers and clients with services that are centered on their needs.

Government Efforts to harness emerging digital technologies

The fast adoption of cutting-edge innovative technologies like artificial intelligence and machine learning in the cloud is boosting the expansion of the cloud industry in Jordan. The country's government acknowledges the crucial role Jordan's IT industry played in the growth of the digital economy. The government also points out that Jordan has already contributed to developing cutting-edge technologies like artificial intelligence (AI), distributed ledgers (blockchains), and the Internet of Things.

Through the General Policy for the Information and Communication Technology and Postal Sectors 2018, the government of the country is solidifying its support for the sector's growth and development to preserve and enhance Jordan's position as a powerful regional hub for IT services, an enabler of the digital economy, and a top exporter with the capacity to create its intellectual property that will serve as the foundation for its future revenue. Therefore, emerging technologies, such as big data, AI, and Machine Learning (ML), are gaining traction in the country, leading to the growth of the Jordan cloud market.

Restraints

Critical data loss and corporate operations being damaged by cyberattacks

Cloud services have a number of benefits, such as flexibility, scalability, and agility. The data stored in the cloud is still vulnerable to hackers even though the cloud provides a number of advantages and security precautions. With the emerging technologies and rising work-from-home jobs in the country, the amount of data being produced is growing, and businesses are starting to take more steps toward digital transformation. Minister of State for Media Affairs Faisal Shboul said Jordan was subjected to 897 cyberattacks in 2021. Enterprise data is exposed to risk from cyberattacks like cloud malware injection assaults, account or service hijacking, and man-in-the-cloud attacks. Threats like these could force closures and losses for businesses.

Impact of COVID-19 On the Jordan Cloud Market

The COVID-19 pandemic has emerged as a major obstacle for the country. According to a recent report by the International Labour Organization (ILO), the United Nations Development Programme (UNDP), and the Fafo Institute for Labour and Social Research (FAFO), micro and small businesses, which make up the majority of private enterprises in the Jordanian economy, are the hardest hit.

Cloud helped businesses survive business continuity issues, work from home, social isolation, and other market mandates during the lockdown. However, due to the pandemic, enterprises, managers, and employees have continued to choose remote work, making it the newest trend. This will drive the country's cloud market in the long run.

Jordan Cloud Market– By Deployment Model

The private cloud segment is expected to dominate the market in the country during the forecast period. Private clouds offer computer resources over a private network or the internet, and they are accessible to a select number of users as opposed to the general public. It provides businesses with benefits including scalability, self-service, elasticity, additional customization, and controls hosted on on-premise computer infrastructure. Additionally, private clouds provide third-party providers with a higher level of privacy and security by leveraging internal hosting and firewalls to provide high-level data protection.

Jordan Cloud Market – By Organization Size

Based on organization size, the large enterprise segment dominated the Jordan cloud market in 2021. Demand is being driven by lower operating costs, enhanced collaboration, greater flexibility, and shorter time to market. Due to the cloud, businesses can assign mundane tasks to technology that can complete them more quickly. As a result, growing utilization in big businesses to streamline processes is anticipated to support the segment's growth. The number of large businesses expanding in Jordan would increase demand for cloud services over the projection period.

Competitive Landscape

The leading players in the Jordan cloud market are Google, IBM, AWS, Hewlett Packard Enterprise, Oracle Corporation, Sitech, PioTech (Pioneers Information Technologies), Massachusetts Technologies, Amazon.com Inc., and Microsoft Corporation. The most efficient means for industry participants to increase their technical skills and get speedy access to growing markets are projected to be partnerships, strategic mergers, and acquisitions.

Recent Development

• On May 2021, Amazon Web Services (AWS) announced the opening of three new data centers in the Middle east region. AWS's expansion into the Middle east is a testament to the rapidly growing innovation ecosystem that will profit from access to the world's leading cloud platform and its advanced technologies and solutions.

Scope of Report

By Offering

• Solutions

• Services

  1. Consulting services

  2. Implementation and integration services

By Service Model

• Infrastructure as a Service

• Platform as a Service

• Software

By Deployment Model

• Public Cloud

• Private Cloud

• Hybrid

By Organization Size

• Small And Medium-Sized Enterprises

• Large Enterprises

By Application

• Banking Financial Services and Insurance

• Telecommunications

• Government And Public Sector

• Retail And Consumer Goods

• Manufacturing

• Others (Energy and Utilities, Media and Entertainment, IT And ITES)