Middle East Cloud market poised for accelerated growth as 76% of firms pledge bigger cloud budgets

• 85% of the companies in the Middle East have already embarked on their cloud journey, of which almost half are already capturing tangible value from the cloud
• 88% of “cloud-powered” companies reported an increase in revenue over the past six to nine months, compared to 76% of non-cloud-powered firms
• Regional cloud market has potential to generate substantial additional revenues, with three-quarters of firms set to increase their cloud budgets in 2024, and 68% of Middle East companies planning to migrate a majority of their operations to the cloud by 2025