Microsoft Cloud revenue in UAE set to hit $27bn in next four years

Microsoft Cloud revenue in UAE set to hit $27bn in next four years

Global IT major Microsoft has announced that its partners and cloud-using customers in the UAE are likely to generate 69,000 jobs in the country by 2024, according to a report.

New revenues reaching around $27 billion will be generated in the UAE over the next four years by Microsoft Cloud ecosystem, stated the new research by premier global market intelligence firm, IDC and sponsored by Microsoft.

This cloud ecosystem is expected to propel the UAE economy upwards from the 2020 level, creating jobs and driving investment in local economies, including in sustainable solutions which will see a reduction in atmospheric carbon, it added.

The IDC Info Snapshot, sponsored by Microsoft, ‘The Microsoft Cloud Dividend Snapshot: UAE’s reflects on the positive impact of Microsoft’s cloud regions in the UAE following its launch in June 2019, with the aim to deliver the complete, intelligent and trusted Microsoft Cloud to governments, organizations and start-ups in the Middle East Region.

Now, more than ever, these investments will accelerate digital transformation journeys in the country, empowering organizations to recover faster and reimagine their industries, said the report.

The research also forecasts that Microsoft’s cloud ecosystem, which includes its partners and cloud-using customers, will add 69,000 new jobs to the UAE economy by 2024 with 16,000 created for skilled IT professionals.

Sayed Hashish, the General Manager of Microsoft UAE:

"The arrival of Microsoft UAE datacenters in 2019, solidified the role of the cloud as an enabler of digital transformation supporting data residency, security and agility needs of the region.

In 2020, the cloud accelerated our role to become the first responders in the digital world to empower organizations to adapt to challenges. And in 2021 and beyond, the cloud is set to reinvent industries and drive more resilience while building capabilities, bolstering job creation, driving sustainability and advancing economic growth," he stated.

The IDC research also reveals that Microsoft and its partner ecosystem, in support of growing their local businesses, will spend about $2.3 billion in the datacenter region for services and products in local economies.

The new datacenter region will help to eliminate some of the barriers to cloud adoption within the region and account for 21.1% of the new revenue total ($27 billion) through to 2024.

“The Microsoft cloud regions have the advantages of meeting the data privacy and governance needs of organizations including governments, financial services institutions as well as the healthcare sector,” said Hashish.

This is achieved by the broadest compliance, security, privacy and certification standards with the most effective prevention and mitigation measures in the industry,” he added.

IDC’s research also sheds light on downstream revenues generated by Microsoft’s partner ecosystem. The findings reveal that for every $1 of Microsoft cloud-generated revenue, the partner ecosystem is expected to generate $7.76 by 2024, up from $6.01 in 2020.

-TradeArabia News Service

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