Summary

UAE Cloud Storage Market is projected to grow at a significant rate during the forecast period. The market growth can be attributed to the rising inclination of organizations towards cloud-based solutions for improving efficiency, and decrease capital and operational expenditure. Rise in work from home culture prompted by the COVID-19 pandemic situation has led to many organizations adopting cloud-based solutions for providing remote workforce with ubiquitous access to data and files, which is contributing to the market growth. Additionally, many enterprises are facing data management and storage issues with the exponential increase in the volume of data being required to be collected and stored. Thus, they are increasingly moving toward the cloud environment to fulfil their storage requirements. Besides, significant shift to hybrid cloud as primary deployment model and rising demand for low-cost data storage are contributing to the market growth.

Moreover, adoption of machine learning and autonomous systems are driving the adoption of cloud computing services for providing real-time assistance. As companies are shifting towards autonomous and driverless cars, they are integrating artificial intelligence, machine learning, and cloud analytics to accelerate the connected vehicle experience, which is expected to propel the growth of the UAE cloud storage market in the coming years. Besides, increasing need for automation in the fields of aerospace and defense coupled with the necessity to improve storing and sharing data on operations is expected to fuel the growth of the UAE cloud storage market. Furthermore, major technology vendors are focusing on expanding cloud storage portfolios to cater to the evolving needs of the customers.

The UAE cloud storage market is segmented on the basis of type, deployment model, organization size, vertical, company, and region. Based on type, the market is segmented into solution and services. The services segment is anticipated to register the highest growth during the forecast period due to increasing adoption of cloud-based solutions by various types of organizations for ease of use and enhanced flexibility. Based on the vertical, the BFSI segment is expected to hold a significant share in the UAE cloud storage market. Banking service providers are adopting cloud storage solutions to increase customer insights, deliver market-relevant products, which is adding to the segment dominance.

Some of the leading players in the UAE Cloud Storage market are HPE, Dell, Dropbox, VMware, AWS, Rackspace, IBM, Microsoft, Oracle, Google, etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze and forecast the market size of UAE Cloud Storage Market, in terms of value.
• To classify and forecast UAE Cloud Storage Market based on type, deployment model, organization size, vertical and regional distribution.
• To identify drivers and challenges for UAE Cloud Storage Market.
• To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in UAE Cloud Storage Market.
• To conduct the pricing analysis for UAE Cloud Storage Market.
• To identify and analyze the profile of leading players involved in the UAE Cloud Storage Market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Service Providers across UAE. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Service Providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, and presence of all major service providers across UAE.
TechSci Research calculated the market size of UAE Cloud Storage Market using a bottom-up approach, where data for various end user industries were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
• Cloud Storage Vendors
• Training and consulting service providers
• Managed service providers
• Research organizations and consulting companies
• Research Institutes
• Industry associations
• Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, UAE Cloud Storage Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• UAE Cloud Storage Market, By Type:
o Solution
o Services
• UAE Cloud Storage Market, By Deployment Model:
o Public Cloud Storage
o Private Cloud Storage
o Hybrid Cloud Storage
• UAE Cloud Storage Market, By Organization Size:
o Small & Medium-Sized Enterprises
o Large Enterprises
• UAE Cloud Storage Market, By Vertical:
o Telecommunications & ITES
o Manufacturing
o BFSI
o Healthcare & Life Sciences
o Consumer Goods & Retail
o Others
• UAE Cloud Storage Market, By Region:
o Dubai
o Abu Dhabi
o Sharjah
o Rest of UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE Cloud Storage Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.

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