Cloud technology is poised to be a game-changer for the UAE's economy, potentially adding a staggering value of $181 billion by 2033, according to a study by Cloudera, a hybrid data cloud platform.

The study revealed that 71% of organisations in the UAE have already adopted the public cloud, with a staggering 86% planning to shift more data to the cloud over the next 1-3 years.

Karim Azar, the Regional Vice President of Emerging Markets, Middle East & Turkey at Cloudera, shared some insightful comments on the topic.

"As a leading economy in the Mena region, the UAE has embraced cloud technology proactively. With its visionary leadership and robust digital infrastructure, the UAE is well-positioned to capitalise on the immense opportunities the cloud offers,” Azar said.

“Our recent regional statistics show that cloud adoption in the Mena region is rapidly increasing, as 71% already use the public cloud. Moreover, 86% of companies plan to move more data to the cloud in the next 1-3 years, citing improved data accessibility (48%), optimised data storage and backup (44%) and reduced costs (38%) as driving forces. Of those using the public cloud, 85% of organisations currently have a multi-cloud model, meaning they are working with two or more hyperscalers.

“The MEA public cloud market, as a whole, is expected to reach $4.8 billion in 2023, with a compound annual growth rate of 21.5%. These figures reflect the growing recognition of the cloud's potential to drive economic growth, enhance operational efficiency, and foster digital transformation across industries.

“The predicted value of $181 billion is a testament to cloud technology's profound impact on the country’s economy. Cloud adoption enables businesses to achieve scalability, agility, and cost-effectiveness, allowing them to thrive in a highly competitive landscape.

“Furthermore, cloud technology enhances collaboration and connectivity within the UAE and globally. The collaborative environment fuels entrepreneurship, attracts investments, and positions the UAE as a regional hub for digital innovation." – TradeArabia News Service