Saudi Arabia data center market
DUBLIN, March 14, 2024 (Globe Newswire) — The 2028 Saudi Arabia Data Center Market Competition Forecast and Opportunities report has been added. ResearchAndMarkets.com Recruitment.
Latest industry insights highlight that the Saudi data center market is expanding significantly due to a rapidly evolving digital environment and rising demand for sophisticated technology infrastructure. The forecast period 2024-2028 highlights an exceptional growth trajectory driven by the integration of cloud computing, big data analytics, Internet of Things (IoT) services, and other advanced digital solutions.
The surge in data center construction is a testament to Saudi Arabia’s commitment to technological advancement, with government support playing a vital role in the rapid growth of this market. As local businesses seek to remain competitive in an increasingly digital economy, the demand for increased computing and storage capabilities is clear. Additionally, the IoT sector is poised for unprecedented growth, which will be further accelerated by the rapid rollout of his 5G network across Saudi Arabia.
Accelerating digital transformation with 5G and edge computing
Innovations in 5G and edge computing are driving investment in the Saudi market. Edge data centers have emerged in response to the demand for high-bandwidth Internet access, enabling critical data processing closer to end users in various regions, including rural areas. This trend towards decentralized data architecture is consistent with the extensive 5G coverage present in over 50 cities in Saudi Arabia. Notable collaborations between industry leaders and tech giants are strengthening the digital infrastructure landscape. The partnership aimed at delivering 5G technology and building a ground-breaking megacity project, NEOM, highlights ongoing strategic efforts to foster a cutting-edge 5G ecosystem.
Emphasis on sustainable energy in the data center sector
As concerns about power consumption increase, data centers are increasingly turning to renewable energy sources to sustain operations. Saudi Arabia’s vision to harness the potential of renewable energy through initiatives like the National Renewable Energy Program (NREP) is in line with global efforts to reduce carbon emissions. Over the next 10 years, he predicts investments of over US$20 million will revolutionize the country’s renewable energy production.
Saudi Arabia Data Center Market Segmentation Overview
Analysis of the market shows a split across various segments such as solutions, types, and end-user industries. The IT Infrastructure, General Infrastructure, and Electrical and Mechanical Infrastructure areas reflect a solution-based classification. Classification by type includes corporate and web hosting data centers, while end-user industries range from IT and telecom to his BFSI, healthcare, etc.
competitive dynamics in the market
Key players in the Saudi data center market, such as Nournet, Detasad, Mobily, and Saudi Telecom Company, are asserting their dominance in strategic enhancements and service offerings. Responding to the growing demand for robust and scalable digital infrastructure, we are making a significant contribution to the evolution of the market. The regional analysis further delineates the market dynamics spread across the Eastern, Northern and Central, Western, and Southern regions of Saudi Arabia.
Detailed company profile and market status
This report takes a deep dive into the key players shaping the Saudi data center market and provides a detailed perspective on the competitive landscape. These insights provide businesses, stakeholders, and strategic planners with the information they need to assess market potential and make informed decisions. This comprehensive market analysis skillfully summarizes the transformational period that the Saudi data center market is undergoing, reflecting a country at the cusp of a digital revolution. As Saudi Arabia embarks on its journey towards realizing Vision 2030, the market is poised for further innovation and rapid growth.
Market trend
driver:
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Economic benefits drive cloud adoption.
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The penetration of technology giants continues.
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technological progress.
assignment:
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High reliance on external sources to fill skills gaps.
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Compliance issues, migration complexities, and security risks.
key attributes
|
report attributes |
detail |
|
number of pages |
88 |
|
Forecast period |
2022-2028 |
|
Estimated market value in 2022 (USD) |
1.02 billion dollars |
|
Projected market value to 2028 (USD) |
$2.17 billion |
|
compound annual growth rate |
13.4% |
|
Target area |
Saudi Arabia |
Some of the companies mentioned in this report include:
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Nurne
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Detasad (Detecon Al Saudia Co., Ltd.)
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Etihad Etisalat Company (Mobile)
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saudi telecommunications company
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Salam Mobile Company
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gulf data hub
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DETASAD (Detechon Al Saudia Co., Ltd.)
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Go DC (Etihad Aceive Telecom (GO))
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Saudi FAS Holding Company
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Nasil Net (Cloud Layers Co., Ltd.)
For more information about this report, please visit https://www.researchandmarkets.com/r/lpkg0z.
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