As per MRFR analysis, the GCC Cloud Storage Market Size was estimated at 212.02 (USD Million) in 2023. The GCC Cloud Storage Market Industry is expected to grow from 257.73(USD Million) in 2024 to 548.7 (USD Million) by 2035. The GCC Cloud Storage Market CAGR (growth rate) is expected to be around 7.111% during the forecast period (2025 - 2035).
The GCC Cloud Storage Market is witnessing significant growth driven by several key market drivers. One of the main factors is the increasing demand for data storage and management solutions among businesses as they transition to digital-first strategies. This shift is supported by governments in the region promoting digital transformation initiatives, particularly evident in Saudi Arabia and the UAE’s push through their national strategies towards Vision 2030. Furthermore, the rising importance of data security and compliance with regulations is compelling organizations to adopt cloud storage for better management and protection of sensitive information.
In terms of opportunities, there is a notable potential for small and medium-sized enterprises (SMEs) to leverage cloud storage solutions, as these businesses seek scalable and cost-effective options to compete in the digital landscape. The widespread adoption of Artificial Intelligence (AI) and Internet of Things (IoT) applications is also creating a greater need for robust cloud storage solutions capable of handling large volumes of data effectively. As businesses in the GCC region start recognizing the benefits of hybrid and multi-cloud strategies, service providers have the opportunity to cater to diverse customer needs and preferences. Trends in recent times indicate a marked increase in cloud service adoption, particularly due to the ongoing shift toward remote work and the need for accessible data solutions.
Additionally, partnerships between cloud service providers and local enterprises are becoming more common, enhancing the capability to deliver tailored solutions to specific market requirements. As cloud storage technology continues to evolve, organizations in the GCC are focusing on adopting innovative solutions that not only optimize their operations but also enhance their competitive edge in the regional market.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
The GCC Cloud Storage Market Industry is expanding rapidly due to the increased acceptance of cloud-based solutions by enterprises. According to a GCC government survey, over 70% of regional firms intend to transition to cloud services in order to improve productivity and save operating expenses. Notably, Saudi Telecom Company and eHosting DataFort are driving this trend by investing extensively in cloud infrastructure. This tendency is fueled by the COVID-19 pandemic, which has hastened digital transformation across a variety of industries. Furthermore, the GCC region's Vision 2030 project promotes technology progress and innovation, which encourages organizations to include cloud storage solutions in their strategic planning.
Government initiatives in the GCC region are significantly contributing to the growth of the GCC Cloud Storage Market Industry. For instance, the UAE government has launched the 'Digital Government Strategy', which focuses on enhancing cloud infrastructure and fostering public-private partnerships to improve digital services. This strategy aims for 80% of government services to be available digitally by 2025. Additionally, initiatives such as Saudi Arabia's National Industrial Development and Logistics Program aim to create a data-driven economy, encouraging investment in cloud storage infrastructure.
Such supportive regulatory frameworks ensure that organizations can smoothly transition to cloud storage, thereby driving market growth.
The exponential increase in data generation across various sectors in the GCC region is a key driver for the GCC Cloud Storage Market Industry. According to a report by the Gulf Cooperation Council, data generation in the region is expected to increase 30% annually, fueled by the boom in IoT devices and mobile applications. Major players like Etisalat and STC are actively investing in expanding their cloud storage capabilities to meet this surging demand. With more businesses looking to store and manage colossal amounts of data effectively, this trend underscores the critical need for robust cloud storage solutions, thus propelling market growth forward.
The Component segment of the GCC Cloud Storage Market encompasses critical elements that contribute to the functionality and efficiency of cloud storage solutions. This segment is primarily divided into two significant categories: Solution and Service. Solutions refer to the technological frameworks and software applications used to store, manage, and retrieve data effectively in a cloud environment. These solutions are pivotal as they enable organizations to streamline their operations, reduce costs, and enhance data security, appealing to various sectors, including healthcare, finance, and education, that are increasingly relying on cloud storage solutions to facilitate digital transformation and compliance with regulatory requirements. Conversely, Services encompass the support, maintenance, and management aspects associated with cloud storage implementations. These services play a crucial role in ensuring that businesses utilize their cloud storage efficiently, addressing challenges like data loss, recovery, and compliance.Â
With the rise of remote work and increased data generation, the demand for robust services has seen significant growth across the GCC region, underscoring the importance of having reliable service providers for seamless integration and operational continuity. The GCC Cloud Storage Market data highlights the increasing reliance on these components due to the region's strategic initiatives aimed at advancing technology adoption, such as Saudi Arabia's Vision 2030 and the UAE's Smart Government strategy, which stress the need for advanced data management and storage solutions. In terms of market growth, investments in cloud infrastructure and a burgeoning demand for data sovereignty drive the proliferation of both components within the market landscape. With cybersecurity threats on the rise, having sophisticated solutions and dedicated services becomes paramount for businesses to safeguard their critical assets. Furthermore, regional factors such as economic diversification, government policies promoting innovation, and an emerging startup ecosystem play an essential role in enhancing the significance of the Component segment.Â
A collaborative ecosystem among various industries, facilitated by cloud storage solutions and services, allows for shared learning and improved efficiencies, ultimately fostering a more competitive and resilient economy across the GCC. As organizations increasingly adapt to the digital landscape, tracking GCC Cloud Storage Market statistics reveals that the emphasis on innovative storage solutions and quality services is likely to remain a driving force behind this market segment, addressing both current needs and future demands of businesses striving for excellence in data management. The Component segment, through its provisions of Solution and Service, stands at the forefront of enabling the GCC's businesses to navigate the complexities of cloud storage, strategically positioning them for sustained growth and innovation in an ever-evolving technological environment.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
The Deployment Model segment of the GCC Cloud Storage Market is crucial for understanding how cloud services are delivered and utilized across the region. The segment is primarily classified into three categories: Private, Public, and Hybrid models, each offering unique advantages and catering to different organizational needs. Private cloud storage systems are favored by enterprises looking for enhanced security and control over their data, making it particularly significant for sectors such as healthcare and finance, where data sensitivity is paramount.
Public cloud storage offers cost-effectiveness and scalability, appealing to startups and SMEs striving for flexibility without heavy investment in infrastructure. Meanwhile, Hybrid models combine the advantages of both Private and Public platforms, offering organizations the adaptability to scale during peak demands while maintaining sensitive data within private infrastructure. The growing digital transformation across the GCC, driven by governments and enterprises aiming for improved efficiency and innovation, propels the demand for these diverse deployment models, thus enhancing the GCC Cloud Storage Market revenue.This dynamic landscape poses both challenges and opportunities, as businesses must navigate compliance, performance, and integration needs while leveraging the advantages of each model.
The GCC Cloud Storage Market is witnessing significant growth across various verticals, driven by the increasing demand for robust data management solutions. The retail sector is adapting to changes in consumer behavior by leveraging cloud storage for efficient inventory management and personalized marketing strategies. In the IT and Telecommunication domain, cloud storage plays a crucial role in enhancing data accessibility and supporting seamless collaboration, which is essential amidst the region's growing digital transformation initiatives. The healthcare industry benefits immensely from cloud storage through enhanced data security and improved patient care management, as health providers shift toward digital records and telehealth services.
Meanwhile, the Banking, Financial Services, and Insurance (BFSI) sector utilizes cloud solutions for better risk management and compliance, ensuring that sensitive data remains secure. Given the region's rapid investments in technology and infrastructure, these verticals are poised to capture a substantial share of the GCC Cloud Storage Market, reflecting the overall upward trajectory of market growth due to innovative data solutions and the increasing reliance on cloud services.
The GCC Cloud Storage Market is rapidly evolving, characterized by intense competition among various players seeking to capitalize on the increasing demand for digital data storage and management solutions. With a surge in digital transformations across enterprises in the region, increasing reliance on data-driven decision-making, and soaring data volumes, providers are innovating their offerings to meet customer needs effectively. The competitive landscape features a mix of established telecommunications companies, technology firms, and newer entrants that significantly influence market dynamics. The focus has shifted from mere storage capabilities to encompassing security, compliance, and value-added services, which have become paramount as businesses migrate to cloud environments and require scalable, reliable solutions. Companies within the GCC region are adopting strategies that involve partnerships, advanced technological integrations, and enhancements in service delivery to secure a competitive edge.'du' has established itself as a formidable player in the GCC Cloud Storage Market, leveraging its robust telecommunications infrastructure to offer comprehensive cloud solutions. The company benefits from a strong local presence and longstanding relationships with customers, enabling it to provide tailored services that resonate with the needs of businesses in the region. By continually investing in cutting-edge technology and leveraging its expertise in IoT and big data analytics, du delivers innovative solutions that enhance cloud security and optimize storage capabilities.
Its strengths lie in a customer-centric approach, responsive service delivery, and a commitment to innovation that ensures its offerings remain competitive amidst rapid industry changes. This strategic positioning allows du to effectively compete with both local and international players in the market while addressing the specific needs of customers in the GCC.Zain is another key contender in the GCC Cloud Storage Market, recognized for its dedication to harnessing emerging technologies to enhance service offerings. With a strong emphasis on digital transformation and customer experience, Zain provides a diverse portfolio of cloud solutions, including data storage, backup, and disaster recovery services tailored for various sectors. The company has made significant strides through strategic mergers and acquisitions, bolstering its market presence and expanding its capability to deliver superior cloud services. Zain's strengths lie in its well-established telecommunications infrastructure, extensive regional network, and partnerships with global technology providers, which enable seamless integration of advanced cloud services. Furthermore, the company emphasizes data security and compliance, which are increasingly vital to businesses as they transition to cloud solutions. This commitment to excellence, coupled with its agile response to market demands, positions Zain favorably in the competitive landscape of the GCC cloud storage market, allowing it to respond effectively to the evolving needs of its customers.
The GCC Cloud Storage Market has seen significant developments recently, with companies like Etisalat and du enhancing their service portfolios to meet increasing demand for data storage solutions. In October 2023, Etisalat launched advanced cloud services focusing on security and scalability, aiming to support businesses in their digital transformation efforts. Furthermore, du has emphasized partnerships with global entities to enhance its cloud offerings, ensuring competitive pricing and innovative solutions for local enterprises. Meanwhile, the ongoing collaboration between major players, including Microsoft and Amazon Web Services, highlights the growing trend toward hybrid cloud solutions within the region, catering to the unique requirements of GCC businesses.
In terms of mergers and acquisitions, no significant transactions involving the specified companies have been reported recently. However, the overall market valuation for the GCC Cloud Storage sector is projected to grow rapidly, driven by the surge in data creation and the rising trend of remote work. Notably, major investments in technology infrastructure by governments across the GCC are also contributing to a robust environment for cloud storage services, facilitating more robust and adaptable business operations across the region.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 212.02(USD Million) |
| MARKET SIZE 2024 | 257.73(USD Million) |
| MARKET SIZE 2035 | 548.7(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.111% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | du, Zain, DigitalOcean, Veeam, Ooredoo, Commvault, Etisalat, Google, Microsoft, Alibaba Cloud, Rackspace, Oracle, IBM, Acronis, Amazon Web Services |
| SEGMENTS COVERED | Component, Deployment Model, Vertical |
| KEY MARKET OPPORTUNITIES | Growing demand for data sovereignty, Rapid digital transformation initiatives, Increasing adoption of IoT devices, Expansion of SMEs and startups, Enhanced security and compliance requirements |
| KEY MARKET DYNAMICS | growing data demand, regulatory compliance, cost optimization, technological advancements, enhanced security measures |
| COUNTRIES COVERED | GCC |
Frequently Asked Questions (FAQ):
As of 2024, the GCC Cloud Storage Market is valued at 257.73 million USD.
By 2035, the GCC Cloud Storage Market is expected to reach a value of 548.7 million USD.
The expected CAGR for the GCC Cloud Storage Market from 2025 to 2035 is 7.111%.
Major players in the market include du, Zain, DigitalOcean, Veeam, Ooredoo, Etisalat, Google, Microsoft, Alibaba Cloud, and Amazon Web Services.
The solution component is expected to be valued at 130.0 million USD in 2024 and 280.0 million USD in 2035.
The service component is anticipated to be valued at 127.73 million USD in 2024 and 268.7 million USD in 2035.
Increasing demand for data storage and management solutions presents significant growth opportunities in the market.
The GCC Cloud Storage Market is forecasted to experience substantial growth due to the rising adoption of cloud storage services.
Challenges include data security concerns and the need for regulatory compliance in cloud services within the region.
Regional development initiatives are enhancing digital infrastructure, thereby boosting the growth of the GCC Cloud Storage Market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Analyst Explore the profile of garvit vyas, one of our esteemed authors at market research future, and access their expert research contributions in the field of market research and industry analysis
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
