Report Overview

UAE Cloud Storage Market – Industry Trends & Forecast Report, 2029

UAE cloud storage market size is projected to grow at a CAGR of 13.45% during the forecast period between 2023 and 2029. A major factor driving the growth of the UAE cloud storage market is the significant adoption of cloud storage solutions across various industries in the UAE, driven by the need for scalability, cost efficiency, and data security. Also, there is a growing preference for hybrid cloud storage models, combining private and public cloud infrastructures, to ensure a balance between data control and flexibility. The emergence of edge computing and Internet of Things (IoT) devices has led to an increased demand for edge storage solutions, enabling faster data processing and reduced latency. There is a rising focus on data sovereignty and compliance, leading to the development of local cloud storage providers and data centers to meet regulatory requirements and ensure data localization.

UAE Cloud Storage Market - Overview

Cloud storage refers to the practice of storing digital data on remote servers accessed via the Internet. It offers users a convenient and scalable solution for storing, managing, and accessing their files and data from anywhere at any time. Cloud storage eliminates the need for physical storage devices and provides increased flexibility and accessibility. It also offers features like data synchronization, automatic backups, and file sharing, making it an ideal solution for individuals and businesses alike. With cloud storage, users can securely store their data, collaborate with others, and enjoy the benefits of scalability, cost-effectiveness, and reliability.

Growth Drivers

Rapid Digital Transformation Fuels Exponential Growth of UAE Cloud Storage

In the wake of a digital revolution, the UAE's cloud storage market is experiencing unprecedented growth, driven by a multitude of factors. With organizations increasingly adopting cloud-based solutions to enhance their operations, the demand for secure and scalable storage solutions has surged. The UAE government's commitment to digitalization initiatives, coupled with favorable regulatory policies, has created a conducive environment for cloud storage providers to thrive. Also, the country's robust infrastructure, strategic location, and advanced connectivity have attracted global businesses, leading to a surge in data generation. As organizations recognize the cost-efficiency, flexibility, and improved accessibility offered by cloud storage, its adoption is set to continue soaring, propelling the UAE's cloud storage market to new heights.

Restraints

Balancing Data Security and Sovereignty

In the UAE, the cloud storage market faces strict regulations to ensure data security and protect national interests. The government has implemented measures to control and monitor cloud storage providers operating within its borders. These regulations focus on safeguarding sensitive information, such as financial data and personal records, by requiring data to be stored locally within the UAE. Also, stringent compliance requirements demand cloud service providers adhere to data protection laws and obtain necessary certifications. While these regulations aim to strengthen data sovereignty and enhance cybersecurity, they may pose challenges for international businesses seeking to utilize cloud storage services in the UAE, potentially impacting operational efficiency and cross-border data transfers.

Impact of COVID-19 on the UAE Cloud Storage Market

The COVID-19 pandemic significantly impacted the demand and utilization of cloud storage services in the UAE. With the widespread adoption of remote work and online learning, organizations and individuals have increasingly relied on cloud storage solutions to store and access their data securely from anywhere. The surge in data usage for video conferencing, file sharing, and collaboration tools has led to a greater need for scalable and reliable cloud storage infrastructure. Cloud service providers in the UAE have witnessed a substantial increase in demand for their storage solutions, as businesses and individuals prioritize digital transformation and remote accessibility amidst the pandemic's challenges.

UAE Cloud Storage Market

Segmental Coverage

UAE Cloud Storage Market – By Type

On the basis of type, UAE cloud storage market is split into Solution and Services segments. The solution segment encompasses various cloud storage solutions offered in the market, such as public cloud, private cloud, and hybrid cloud storage. These solutions provide businesses and individuals with scalable and flexible storage options to store and manage their data. On the other hand, the services segment includes a wide range of services related to cloud storage, such as consulting, implementation, maintenance, and support services. These services are designed to assist users in adopting and optimizing their cloud storage solutions. Both segments play crucial roles in catering to the diverse storage needs of organizations and individuals in the UAE market.

UAE Cloud Storage Market – By Deployment Model

On the basis of deployment model, UAE cloud storage market is divided into Public Cloud Storage, Private Cloud Storage, and Hybrid Cloud Storage segments. The public storage segment dominates the market share. Public cloud storage refers to the storage of data on third-party servers accessible over the Internet. It offers a cost-effective and scalable solution for businesses and individuals to store and manage their data without the need for on-premises infrastructure. The popularity of public cloud storage is driven by its flexibility, ease of use, and the ability to access data from anywhere at any time. It is widely adopted by organizations of all sizes across various industries in the UAE, making it the largest segment in the market.

UAE Cloud Storage Market – By Organization Size

On the basis of organization size, the UAE cloud storage market is divided into Small & Medium-Sized Enterprises (SMEs) and Large Enterprises. The large enterprises segment holds a higher share. Large enterprises are typically well-established companies with extensive operations and a higher demand for cloud storage solutions due to their larger scale and complex data requirements. Large Enterprises often have a greater need for robust and scalable storage solutions to handle their vast amounts of data, making them a significant contributor to the overall UAE cloud storage market. However, the growing adoption of cloud storage among SMEs suggests that this segment is also expanding rapidly and gaining importance in the market.

UAE Cloud Storage Market – By Vertical

Based on vertical, UAE cloud storage market is divided into Telecommunications & ITES, Manufacturing, BFSI, Healthcare & Life Sciences, and Consumer Goods & Retail segments. These sectors rely on cloud storage solutions to enhance their operational efficiency, data management, and scalability. In the telecommunications & ITES sector, cloud storage enables seamless communication and data sharing. Manufacturing companies benefit from cloud storage by centralizing their data and facilitating collaboration across locations. The BFSI sector leverages cloud storage for secure and compliant storage of sensitive financial information. Healthcare & Life Sciences organizations utilize cloud storage for efficient data exchange and analysis. Further, the Consumer Goods & Retail sector employs cloud storage for inventory management, supply chain optimization, and e-commerce operations. Overall, cloud storage plays a pivotal role in transforming various industries in the UAE, enabling them to streamline processes, improve productivity, and drive innovation.

Competitive Landscape

Major players in the UAE cloud storage market include Amazon Web Services (AWS), Microsoft Azure, Google Cloud, IBM Cloud, Oracle Cloud, Etisalat Digital, Gulf Business Machines (GBM), Injazat Data Systems, eHosting DataFort, DarkMatter, Raqmiyat LLC, BIOS Middle East Group, Fujitsu Middle East, Cloud4C Services, and HostSailor. To expand their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Type

• Solution

• Services

By Deployment Model

• Public Cloud Storage

• Private Cloud Storage

• Hybrid Cloud Storage

By Organization Size

• Small & Medium-sized Enterprises (SMEs)

• Large Enterprises

By Vertical

• Telecommunications & ITES

• Manufacturing

• BFSI

• Healthcare & Life Sciences

• Consumer Goods & Retail

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. UAE Cloud Storage Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing adoption of cloud computing and digital transformation initiatives in various industries.
         2. Growing need for data storage and backup solutions due to the exponential growth of digital data.
      2. Restraints
         1. Data privacy and security concerns in cloud storage, especially with sensitive or confidential data
         2. Limited internet connectivity and bandwidth in certain regions, impact the accessibility and performance of cloud storage services.
      3. Opportunities
         1. Increasing demand for hybrid cloud and multi-cloud storage solutions.
         2. Expansion of the e-commerce sector and online businesses, generating higher data storage requirements.
      4. Challenges
         1. Addressing concerns related to data sovereignty and compliance with local regulations.
         2. Ensuring high availability and reliability of cloud storage services, minimizing downtime and data loss risks.
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. UAE Cloud Storage Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Solution
         2. Services
      2. By Deployment Model
         1. Public Cloud Storage
         2. Private Cloud Storage
         3. Hybrid Cloud Storage
      3. By Organization Size
         1. Small & Medium-sized Enterprises (SMEs)
         2. Large Enterprises
      4. By Vertical
         1. Telecommunications & ITES
         2. Manufacturing
         3. BFSI
         4. Healthcare & Life Sciences
         5. Consumer Goods & Retail
         6. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. UAE Cloud Storage Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on UAE Cloud Storage Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Amazon Web Services (AWS)
   2. Microsoft Azure
   3. Google Cloud
   4. IBM Cloud
   5. Oracle Cloud
   6. Etisalat Digital
   7. Gulf Business Machines (GBM)
   8. Injazat Data Systems
   9. eHosting DataFort
   10. DarkMatter
   11. Raqmiyat LLC
   12. BIOS Middle East Group
   13. Fujitsu Middle East
   14. Cloud4C Services
   15. HostSailor
   16. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4.  Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       UAE Cloud Storage Segmentation       

Figure 2       UAE Cloud Storage Market Value Chain Analysis     

Figure 3       Company Market Share Analysis, 2022

Figure 4       UAE Cloud Storage Market Size, By Value (USD Million), 2019–2029   

Figure 5       UAE Cloud Storage Market Share, By Type, By Value, 2019–2029       

Figure 6       UAE Cloud Storage Market Share, By Deployment Model, By Value, 2019–2029         

Figure 7       UAE Cloud Storage Market Share, By Organization Size, By Value, 2019–2029         

Figure 8       UAE Cloud Storage Market Share, By Vertical, By Value, 2019–2029   

List of Tables

Table 1        UAE Cloud Storage Market Size, By Value (USD Million), 2019–2029

Table 2        UAE Cloud Storage Market Size, By Type, By Value, 2019–2029

Table 3        UAE Cloud Storage Market Size, By Deployment Model, By Value, 2019–2029

Table 4        UAE Cloud Storage Market Size, By Organization Size, By Value, 2019–2029

Table 5        UAE Cloud Storage Market Size, By Vertical, By Value, 2019–2029

Table 6        Amazon Web Services (AWS) Company Overview

Table 7        Amazon Web Services (AWS) Financial Overview

Table 8        Microsoft Azure Company Overview

Table 9        Microsoft Azure Financial Overview

Table 10      Google Cloud Company Overview

Table 11      Google Cloud Financial Overview

Table 12      IBM Cloud Company Overview

Table 13      IBM Cloud Financial Overview

Table 14      Oracle Cloud Company Overview

Table 15      Oracle Cloud Financial Overview

Table 16      Etisalat Digital Company Overview

Table 17      Etisalat Digital Financial Overview

Table 18      Gulf Business Machines (GBM) Company Overview

Table 19      Gulf Business Machines (GBM) Financial Overview

Table 20      Injazat Data Systems Company Overview

Table 21      Injazat Data Systems Financial Overview

Table 22      eHosting DataFort Company Overview

Table 23      eHosting DataFort Financial Overview

Table 24      DarkMatter Company Overview

Table 25      DarkMatter Financial Overview

Table 26      Raqmiyat LLC Company Overview

Table 27      Raqmiyat LLC Financial Overview

Table 28      HostSailor Company Overview

Table 29      HostSailor Financial Overview

Table 30      Other Prominent Players Company Overview

Table 31      Other Prominent Players Financial Overview