UAE’s SMEs, start-ups could see $17.1bln boost from hyperscale cloud computing

UAE’s SMEs, start-ups could see $17.1bln boost from hyperscale cloud computing

DUBAI: Hyperscale cloud computing is expected to provide SMEs and start-ups in the UAE with US$17.1 billion (AED62.6 billion) worth of economic benefits from 2022 and 2030 — the equivalent of four percent of the country’s 2021 gross domestic product (GDP) — says a new report commissioned by Amazon Web Services (AWS) in partnership with Dubai Chamber of Digital Economy.

The report, titled Impact of Hyperscale Cloud on UAE SMEs and Start-ups, was launched during an event organised by the Dubai Chamber of Digital Economy at Dubai Chambers’ headquarters in cooperation with AWS.

Khalid Al-Jarwan, Executive Director of Dubai Chamber of Digital Economy, and Yasser Hassan, Managing Director for MENA and Turkey, Amazon Web Services (AWS), and business community members attended the event.

Access Partnership, which conducted the research for the report, featured an informative presentation covering the key findings, followed by a panel discussion with industry experts who discussed new business opportunities emerging with the growing adoption of cloud computing worldwide.

The report revealed that 74 percent of SMEs and start-ups in the UAE still use manual processes and basic communication tools, highlighting the vast potential for these companies to benefit from cloud computing advantages.

Between 2022 and 2030, SMEs and start-ups can generate