When you mention the word ‘cloud’ these days, people rarely look up at the sky. And for obvious reasons. Cloud computing has become a ubiquitous term – not only for those in the IT/tech industry, but also for governments, corporates (and consumers), who are all embarking on digital transformation journeys.
The numbers add up. The worldwide public cloud services market is forecast to grow 17 per cent in 2020 to total $266.4bn, up from $227.8bn in 2019, according to estimates from tech research firm Gartner. “At this point, cloud adoption is mainstream,” Sid Nag, research vice president at Gartner stated in the report. “The expectations of the outcomes associated with cloud investments, therefore, are also higher. Adoption of next-generation solutions are almost always ‘cloud-enhanced’ solutions, meaning they build on the strengths of a cloud platform to deliver digital business capabilities.”
Regionally as well, cloud adoption is happening on a zealous pace, as businesses look to innovate their operations and seek better returns.
Public cloud spending in the Middle East and Africa region is expected to grow from $2.7bn in 2020 to $5.3bn by 2023, according to IDC. Looking at the UAE alone, spending on the public cloud is anticipated to reach over $827.57m by 2023.
“Changes in economic, political and trading conditions are forcing businesses to move much more quickly, while knowing the margin for error is tiny,” explains Steve Daheb, senior vice president of Oracle Cloud.
“Businesses realise that using cloud can help them drive higher ROI, save costs, find new revenue streams, deliver exceptional customer experience, retain the best talent, and stay ahead of the competition. Most importantly, the cloud provides an unprecedented platform for innovation while also delivering robust security,” he adds. Daheb should know well.
This story is from the January 2020 edition of Gulf Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 2020 edition of Gulf Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Green lights
It hasn’t even been a full year that Stellantis, one of the world’s biggest auto companies, has been in existence. Still, its wheels are spinning furiously. Here’s what it has in store for the region
Purpose through corporate responsibility
Every organisation must deeply reflect about whether they are leaving behind a legacy or a liability, says Abdulaziz AlSowailim, EY MENA chairman and CEO
Analysing the layers of a coconut
When we have a sense of clarity as to our purpose in life, then we institute the correct practices and habits around us, and set realistic and achievable results
DUNES TO DOMINION
FOR A COUNTRY RICH IN TRADITION AND DRIVEN BY AMBITION, THE UAE’S JOURNEY DURING THE PAST 50 YEARS HAS BEEN UNPRECEDENTED. WHAT’S IN STORE FOR THE NEXT 50?
Building strong
International investors are boosting Dubai’s residential property market, which has rebounded strongly from the Covid crisis, writes Aarti Nagraj
CHASING THE AMERCIAN DREAM
FOR SHAI ZAMANIAN, THE US IS A LAND OF LIMITLESS POSSIBILITIES, AN AVENUE HE AIMS TO OPEN FOR FAMILIES WORLDWIDE VIA IMMIGRATION. HERE’S HOW HE IS BRINGING HIS GOAL TO FRUITION
OBITUARY: JOCELYN HENDERSON (1921-2021)
THE GRANDE DAME OF ABU DHABI – THE WIFE OF A FORMER DIPLOMAT – PASSED AWAY IN THE UAE CAPITAL AGED 100
THE DIGITAL DISRUPTORS
IN THE COMING YEARS, THE GCC IS EXPECTED TO PLAY A SIGNIFICANT ROLE IN SECTORS SUCH AS HEALTHCARE, MANUFACTURING, EDUCATION AND RETAIL, WHICH WILL HELP BOOST THE GROWTH OF ITS NON-OIL ECONOMY
Signed, sealed, delivered
Nicolas Baretzki, CEO of Montblanc, partnered with one of the world’s most recognisable luxury brands, Ferrari, earlier this year. Here’s where the partnership, and the German company as well, is headed next
UP, UP AND AWAY
AS THE FIRST IN-PERSON AIRSHOW TO TAKE PLACE SINCE THE OUTBREAK OF THE PANDEMIC, THE EVENT SAW SEVERAL DEALS ANNOUNCED
