Egypt Cloud Computing market

Egypt Cloud Computing Market Expected to Reach Higher CAGR in 2020-2027 | Size, share, research report and analysis

Egyptian cloud computing market

Egyptian cloud computing market

The Egyptian Cloud Computing Market is estimated to grow at a Higher CAGR during the forecast period (2020-2027).

For additional information, click to access the full report –

Factors driving the growth of the Egyptian cloud computing market include increasing number of healthcare technology start-ups across Egypt such as Smart Medical Services, Yodawy and Rology, government initiatives to create data center clusters, the growing popularity of video streaming platforms and improvements in living standards. According to the report published by Trescon Cloud, the Egyptian Ministry of Communications and Information Technology (MCIT) plans to build a giant data center cluster, located in the 60,000 m2 Borg El Arab Technology Park, which will accelerate Egyptian Cloud Computing. market share in the coming years. Additionally, the increasing adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT), the commercialization of 5G technology, the growing emphasis on digital transformation and rapid urbanization, are some of the additional factors that complement the growth of the market. Furthermore, increasing investments by major players in research and development, strategic collaborations between companies, increasing population growth rates, and rising disposable incomes are further contributing to the growth of the market.

However, the growth of the Egyptian Cloud Computing market is hampered owing to the growing concerns related to cyber attacks.

Based on the service model, Software as a Service segment is expected to capture the largest market share during the forecast period

Rising adoption of cloud computing services to eliminate high upfront licensing fees and huge investment costs is driving the growth of the segment.

Based on organization size, the small and medium business segment is expected to grow at a significant CAGR during the forecast period

Cloud computing services help small and medium enterprises eliminate repetitive operations, prioritize work and improve team collaboration, propelling the growth of the segment.

Based on the industry verticals, banking, financial services and insurance are expected to grow at a remarkable CAGR during the forecast period

Banks’ increasing focus on reducing operational costs and improving the consumer experience, as well as the increasing adoption of advanced technologies such as machine learning (ML), blockchain and the internet of things (IoT), are some of the significant factors increasing the growth of the segment.

Key development

In 2020, VMware, Inc. inaugurated its first office in Egypt to help the country drive digital transformation in various sectors such as education, healthcare, government and other sectors, as part of the ambitious Egyptian government’s Vision 2030 program.

Market segmentation

Segmentation by service model

Infrastructure as a Service
Platform as a service
Software as a service

Segmentation by deployment model

public cloud
Private cloud
hybrid cloud

Segmentation by organization size

Small and medium enterprises
Large companies

Segmentation by workload

Storage, backup and disaster recovery
Application development and testing
Data base management
Business Analytics
Integration and Orchestration
Enterprise Resource Management
Collaboration and content management

Segmentation by industry

Banking, Financial Services and Insurance
IT and Telecommunications
Government and public sector
Retail and consumer goods
Energy and Utilities
Media and Entertainment
Health and life sciences

About GMI Research

GMI Research is a market research and advisory firm that provides insights and market intelligence across 12 major industries, helping our clients make effective investment and business decisions.

Media Contact
Company name: GMI RESEARCH
Contact person: Sarah Nash
Telephone: Europe – +353 1 442 8820; USA – +1 860 881 2270
Address: Dublin, Ireland

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research’s leadership team, with extensive research and consulting experience, along with our research and domain expertise, creates a strong value proposition to create solutions that solve our business problems. customers and add significant value to a lasting relationship.

This press release was published on openPR.

#Egypt #Cloud #Computing #Market #Expected #Reach #Higher #CAGR #Size #share #research #report #analysis

Leave a Comment

Your email address will not be published. Required fields are marked *