Saudi Arabia Platform as a Service Market Competition Forecast & Opportunities, 2028

The Saudi Arabia Platform as a Service Market is anticipated to register a high CAGR during the forecast period of 2024-2028

The Saudi Arabia Platform as a Service Market is anticipated to register a high CAGR during the forecast period of 2024-2028. The government is the main force behind digital efforts and Platform-as-Service is a foundational component of many of their modernization programs. Since these domestically situated facilities comply with Saudi Arabia's data residency and governance rules, ongoing investments by local and international technology providers in the country's new data centers have expedited cloud adoption. These expenditures have also made possible hybrid multi-cloud environments - public and private clouds that coexist with conventional on-premises infrastructure. The sector still has issues with outdated infrastructure that cannot be converted to the cloud, cloud experience and skills shortages, and a mindset that believes the cloud is insecure. The high concentration and expanding number of small and medium-sized businesses in Saudi Arabia that are swiftly converting to Platform-as-Service is the main driving force behind the industry. The expansion of cloud data centres is also likely increase investment over the course of the projection period, which will likely benefit the Saudi Arabia Platform as a Service market.

Increased market-driving use of Big Data, AI, machine learning, IT effectiveness, and business innovation

The increasing usage of machine learning and artificial intelligence is expected to advance the Platform-as-Service industry. Platform-as-Service provides conventional organizations with cloud computing, big data & analytics, data management, and other sophisticated technologies such as artificial intelligence and machine learning that assist in optimizing corporate operations, resulting in lower operating costs and better productivity. As a result, its use in various industries, including healthcare, finance, transportation, manufacturing, and others, has increased demand in the Platform-as-Service business. Platform as a Service improves top and bottom-line performance by making IT more responsive to business opportunities. Platform as a Service, for instance, makes it possible to create mobile apps quickly, allows chatbots for more inventive user experiences, uses blockchain to facilitate more reliable transactions, hastens release cycles with containers and APIs, and enhances data discovery and analytics.

To be competitive in today's high-tech digital world, businesses must constantly develop and pilot new cloud computing technologies, as well as listen to consumers and the market for signals of change. In the cloud market, marketing is no exception to the overall corporate landscape's rapid shift toward automated operations and data-driven decision making. As a result of this fast rise, the Saudi Arabia Platform as a Service Market is in high demand in Saudi Arabia.

Saudi Arabia Platform as a Service Market Challenges

The issue with pricing is that the companies are accustomed to purchasing large quantities of countable items such as licenses or hardware. We then add a slew of services, such as per-server administration fees, per-CPU performance boosts, and per-hour technical labour. The wonderful thing about it (apart from the fact that it must be paid) is that it is simple to compute the cost. Cloud malware injection, meltdowns, account or service hijacking, and man-in-the-cloud attacks disclose enterprise data vulnerabilities, which can lead to business shutdown and losses. Cyber-attacks, on the other hand, impair business operations, restricting the expansion of the Platform-as-Service market.

Market Segments

Saudi Arabia Platform as a Service Market is divided into type, deployment, organization size and industry vertical. Based on Type, the market is divided into application Platform as a Service, integration Platform as a Service, and database Platform as a Service. Based on organization size, the market is divided into large enterprise, small & medium enterprise, Based on industry vertical, the market is divided into BFSI, consumer goods, IT & Telecom, manufacturing, healthcare, energy & utilities, and others.

Market Players

Major market players in Saudi Arabia Platform as a Service Market are Sap Saudi Arabia, Alibaba Cloud, IBM Middle East, Google Saudi Arabia, Oracle Saudi Arabia, Hewlett Packard Enterprise Development LP, NourNet, AWS Middle East, Zoho Corporation and Microsoft Middle East. To achieve good market growth, businesses that are active in the market employ organic tactics such as product launches, mergers, and partnerships.

Report Scope

In this report, Saudi Arabia Platform as a Service Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Saudi Arabia Platform as a Service Market, by Type:

• Application Platform as a Service
• Integration Platform as a Service
• Database Platform as a Service

Saudi Arabia Platform as a Service Market, by Deployment:

• Private
• Public

Saudi Arabia Platform as a Service Market, by Organization Size:

• Large Enterprise
• Small & Medium Enterprise

Saudi Arabia Platform as a Service Market, by Industry Vertical:

• BFSI
• Consumer Goods
• IT & Telecom
• Manufacturing
• Healthcare
• Energy & Utilities
• Others

Saudi Arabia Platform as a Service Market, by Region:

• Western Region
• Northern & Central Region
• Eastern Region
• Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Platform as a Service Market.

Available Customizations

The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.