SMBs and startups in UAE could see $17.1 billion boost from cloud computing at scale: Report

  • The economic benefits of cloud computing for UAE startups and SMEs are equivalent to 4% of the country’s GDP in 2021, says the new report commissioned by AWS in partnership with the Dubai Chamber of Digital Economy.
  • Al-Jarwan: Cloud computing can help startups and SMEs maximize growth and improve long-term competitiveness.
  • Hassan: Scaling to the cloud offers UAE businesses the opportunity to unleash competitive potential, accelerating innovation and digital transformation agility.

Dubai UAE – Large-scale cloud computing is expected to provide SMEs and start-ups in the UAE $17.1 billion (AED62.6 billion) worth of economic benefits from 2022 to 2030 , the equivalent of 4% of the country’s gross domestic product (GDP) in 2021 — says a new report commissioned by Amazon Web Services (AWS) in partnership with the Dubai Chamber of Digital Economy.

The report, titled Impact of Hyperscale Cloud on UAE SMBs and Startupswas launched during an event organized by the Dubai Chamber of Digital Economy at the Dubai Chambers headquarters in partnership with Amazon Web Services (AWS).

The event was attended by Khalid Al-Jarwan, Executive Director of Dubai Chamber of Digital Economy and Yasser Hassan, Managing Director for MENA & Turkey, Amazon Web Services (AWS) and members of the business community.

The Access Partnership, which conducted the research for the report, presented an informative presentation on key findings, followed by a panel discussion attended by industry experts who discussed the new business opportunities emerging with the growing adoption of cloud computing across the globe. the world.

The report revealed that 74% of SMEs and startups in the UAE continue to use manual processes and basic communication tools, highlighting the vast potential for these companies to reap the benefits of cloud computing.

Between 2022 and 2030, SMEs and start-ups can generate US$10.1 billion (AED37 billion) in user benefits and US$7 billion (AED25.7 billion) in user benefits hyperscale cloud computing partner, supported by a hyperscale regional data center in the UAE.

The report estimates that by 2030, hyperscale cloud computing is expected to create 133,000 direct and indirect jobs in the UAE and reduce the country’s carbon footprint and carbon dioxide emissions by up to 78 percent and 2.2 million tons compared to other IT infrastructure models, as well as reducing security incidents by more than 30%.

To harness this potential, the report outlined three key recommendations. Government organizations should first lead the way in digital transformation and technology adoption by harmonizing and simplifying digital and data regulations and implementing a risk-based data classification system to improve data security and facilitate the adoption of technology.

Second, government agencies can work with the private sector and technology companies to close the digital skills gap through training and upskilling programs. Finally, there is the potential to increase collaboration between regulators and private companies to ensure that regulations do not hinder technology adoption.

Khalid Al-Jarwan, Executive Director of the Dubai Chamber of Digital Economy, said: “Despite its rapid progress, the UAE continues to look to the future as it advances strategies and initiatives to accelerate its digital transformation. Hyperscale cloud computing offers huge potential for startups and SMEs in the UAE looking to enhance their competitiveness and contribute to a thriving innovation ecosystem.”

Al Jarwan stressed the importance of conducting market research that provides transparency on emerging economic sectors and identifying market challenges and opportunities. The new report, she noted, outlines recommendations for maximizing the potential benefits of hyperscale cloud in the UAE, adding that such studies reflect the close and ongoing cooperation between the public and private sectors in Dubai.

Yasser Hassan, managing director/general manager for MENA and Turkey, Amazon Web Services (AWS), said: The report’s findings are further testament to the value-creating potential that the cloud has to offer to SMBs, entrepreneurs and startups. . By harnessing the power of the cloud, UAE companies can accelerate innovation and digital transformation agility, to build business resilience, in a competitive and dynamic marketplace.

The report identified the benefits of hyperscale cloud computing as: scalable cloud storage, services on a pay-as-you-go basis, innovative capabilities, enhanced security, simplified global operational processes, as well as the expertise to address operational and regulatory issues when in expansion abroad. These benefits add up to increased productivity, cost savings, increased revenue, job creation, increased sustainability and operational resilience.

Furthermore, adopting a large-scale data center would enable UAE technology partners to be part of a global partner network and generate more revenue by serving customers worldwide.

The full report can be viewed through the following link:

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The Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of the Dubai Chambers, aims to strengthen Dubai’s position as a global leader in the digital economy, attract specialist talent, leading companies and new investments, and create an inspiring environment that supports the growth of digital companies. The Chamber was established by decree issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

www.dubaichambers.com

For more information, please contact:
Steal Abdul Halim
Manager, PR and corporate communication
Email: ruba.halim@dubaichamber.com

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