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Middle East and Africa Cloud Communication Platform Market
No. of Pages: 136 | Report Code: TIPRE00025838 | Category: Technology, Media and Telecommunications
No. of Pages: 136 | Report Code: TIPRE00025838 | Category: Technology, Media and Telecommunications
The cloud communication platform market in the MEA is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of MEA. With growing digitalization, businesses adopt cloud communication platforms for communication, file sharing, and security purposes. The companies integrate cloud communication platforms for video, voice, chat, messaging, and verification into their applications, products, and workflows. Also, the increasing penetration of the internet across the region is promoting market growth. For instance, according to the UAE’s Telecommunications Regulatory Authority (TRA), there were 3,269,359 internet subscribers and 17,075,188 active mobile phone subscribers in the UAE as of March 2021. According to World Bank Data, internet penetration in the UAE was at 99.15% in 2019. Similarly, in Saudi Arabia, in 2025, the internet penetration in Saudi Arabia is forecasted to reach 97%, up from 84% in 2019.
Moreover, in South Africa, 55% of the South African population were internet users in 2020. This share is projected to grow to more than 60% by 2025. Thus, with continuously increasing internet users, the companies are also transforming their businesses to digital platforms. The region is constantly adopting cloud-based platforms or services for future growth for SMEs and large enterprises. With the rapid acceptance of both the private and public cloud, the MENA region will likely become technology- and data-centric. Further, small and midsize businesses (SMBs) in MENA have started to spend significantly in public cloud services. According to W.Media report of May 2021, cloud adoption is estimated to cross 95% in the MENA region alone, and small, medium, and large enterprises will adopt cloud infrastructure in the coming years.
In MEA, Iran, Saudi Arabia, Qatar, South Africa, and the UAE are a few countries with the highest number of COVID-19 confirmed cases and deaths. The adoption of advanced technologies, such as IoT and cloud, is quite high especially in countries such as the UAE. The demand for digitalization is growing at an impressive pace in this region. Thus, it is expected to offer ample growth opportunities for cloud communication platform market in the coming years. To tackle problems caused due to COIVD-19 pandemic in industrial, software, and IT industry while maintaining regular operations without disruptions, the companies present in this region are expected to invest heavily in cloud-based communication tools and solutions in the coming years.
Strategic insights for the Middle East and Africa Cloud Communication Platform provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 409.08 Million |
Market Size by 2028 | US$ 1,617.85 Million |
Global CAGR (2021 - 2028) | 21.7% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Component
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Cloud Communication Platform refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The cloud communication platform market in MEA is expected to grow from US$ 409.08 million in 2021 to US$ 1,617.85 million by 2028; it is estimated to grow at a CAGR of 21.7% from 2021 to 2028. Moreover, the region homes a few cloud communication platform developers such as Avaya Inc. and Cisco Systems, Inc. These software developers provide cloud communication platforms for several industries including BFSI, IT and telecommunication, government, retail, and education.
MEA cloud communication platform market is segmented into component, enterprise size, industry, and country. Based on component, the MEA cloud communication platform market is segmented into solution and services. In 2020, the solution segment accounted for largest share in the market. On the basis of enterprise size type, the MEA cloud communication platform market is segmented into large enterprises and SMEs segments. Large enterprises segment accounted for the largest market share. Based on industry, the MEA cloud communication platform market is segmented into BFSI, IT & Telecom, Healthcare, Retail, Government, Education, and Others. In 2020, the BFSI segment accounted for the largest market share. Based on country, the MEA cloud communication platform market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. UAE held the largest market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the cloud communication platform market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Avaya Inc.; Cisco Systems, Inc.; Intrado Corporation; Telestax, Inc.; and Vonage Holdings Corp.
The Middle East and Africa Cloud Communication Platform Market is valued at US$ 409.08 Million in 2021, it is projected to reach US$ 1,617.85 Million by 2028.
As per our report Middle East and Africa Cloud Communication Platform Market, the market size is valued at US$ 409.08 Million in 2021, projecting it to reach US$ 1,617.85 Million by 2028. This translates to a CAGR of approximately 21.7% during the forecast period.
The Middle East and Africa Cloud Communication Platform Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Cloud Communication Platform Market report:
The Middle East and Africa Cloud Communication Platform Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Cloud Communication Platform Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Cloud Communication Platform Market value chain can benefit from the information contained in a comprehensive market report.