Middle East’s data center market expected to grow by 7% through 2024
The Compound Annual Growth Rate (CAGR) of the Middle East’s data center market is expected to increase by seven per cent through 2024, as demand rises across the world.
Aside from the pandemic-induced increase in demand, the region’s data center market is boosted by smart city initiatives in key countries such as the United Arab Emirates (UAE) and Saudi Arabia.
In line with this development, many businesses in the Middle East are turning to data center outsourcing to support the economic growth
Data center outsourcing helps Middle-Eastern companies to improve the efficiency of their resources and processes, gain access to a skilled workforce, and maintain stable internet connections.
As the global movement promotes environmentally-friendly solutions, data centers are expected to diversify the economies of Middle Eastern governments as an alternative to its main economy driver — oil.
