Report: GCC Cloud Market Projected to Exceed $2 Billion by 2024
- Date: 14-Oct-2020
- Source: Al Bawaba
- Sector:Financial Markets
- Country:GCC
Report: GCC Cloud Market Projected to Exceed $2 Billion by 2024
The GCC public cloud market is expected to more than double in value by 2024, growing from $956 million this year to $2.35 billion at a cumulative annual growth rate (CAGR) of 25 per cent, said the International Data Corporation (IDC) during a Dubai Outsource City event.
The findings were revealed at a recent panel discussion hosted by Dubai Outsource City, a business community supporting local and international outsourcing companies, which discussed the state of cloud adoption and data centre management in the region.
The session was moderated by Harish Dunakhe, Research Director (Middle East, Turkey & Africa for Software and Cloud) of the IDC, with Santiago Freitas, Head of Technology for the Middle East and Africa, Amazon Web Services (AWS); Tanya Koval, Head of Enterprise Architecture, Infrastructure & Workplace, First Arab
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