According to a recent Xinhua article, cloud computing is predicted to expand dramatically in the next few years in Gulf countries. During a recent conference in Dubai, vice president Patricia Florissi at EMC Corporation explained that large data storage solutions were in high demand in the Gulf countries. EMC Corporation is a U.S. company that is in the business of offering large data storage solutions.
Florissi isn’t the only one in the cloud computing business who predicts a sharp increase in large data storage usage in the Gulf region. Frost & Sullivan, a U.S., research firm, said the Gulf market for data centers earned 231.7 million in U.S. dollars for 2012, and they expect revenues to surpass 705 million U.S. dollars by 2018. Furthermore, Florissi predicts dramatic expansion for EMC Corporation.
Dubai is the biggest hot spot for IT solutions and cloud computing. In fact, Dubai Internet City is the Middle Easts biggest zone for IT firms. Microsoft and HP have their headquarters there.
Do you do business in cloud computing in the Middle East? If so, do you predict an explosive change in the market in the next coming years, or is your business benefiting right now?