Saudi Cloud Analytics Market Tops SAR 280 Million by 2019

The 15-fold growth in the Kingdom’s cloud analytics market will drive Saudi Vision 2030 industry vertical innovation, business leaders announced today at the SAP Saudi Cloud Day.

Through 2019, the Kingdom’s cloud analytics market will top SAR 280 million in 2019, up from SAR 20 million in 2014, according to a recent Micro Market Monitor report.

“Cloud solutions enable manufacturers to support Saudi Vision 2030 goals of increased localization and diversified economic growth. With the cloud, Saudi organizations can gain real-time supply chain, customer, and employee insights for better decision-making and new digital business models,” said Mohammed Al Nasser, Managing Director and Board Member at the construction conglomerate Al Nasser Trading and Import Company.

Al Nasser Trading and Import Company used cloud solutions from digital transformation enabler SAP to improve materials planning by 40 percent.

Recognizing innovative deployments, Al Nasser Trading and Import Company with partner ISYX Technologies, received a gold award in the SAP Europe, Middle East, and Africa Quality Awards.

Additional Saudi organizations receiving awards at the Middle East and North Africa level included the General Authority for Zakat and Tax with partner Invenio, Maadaniyah with partner BaasKaar IT Company, and Saudi Electric Company and Tasnee both with the partner Cognizant.

“Manufacturing and petrochemicals are incredibly complex sectors that need real-time cloud solutions to enhance operations and cut costs, free up employees to focus on mission-critical operations, and take the customer experience to the next level. Maadaniyah is committed to leveraging the latest cloud solutions to support Saudi Vision 2030 economic localization and diversification goals,” said Shakir Al Otaibi, CEO, Maadaniyah.

SAP is one of the world’s leading digital transformation enablers, with more than 125 million cloud subscribers worldwide and more than 30 cloud solutions across all lines of business.

“Cloud adoption is central for driving Saudi Vision 2030’s nationwide digital transformation and business competitiveness. The strong turnout at our inaugural Cloud Day event shows the demand for real-time cloud solutions for Saudi organizations across all industry verticals. Cloud solutions enable organizations to have real-time visibility and make better decisions that fuel Saudi economic growth,” said Ahmed Al-Faifi, Managing Director, SAP Saudi Arabia, Bahrain, and Yemen.