A study from strategy consulting firm Strategy& asserts that now is the time for telecom companies to move to the cloud. The overall value of the cloud technologies market in the MENA region could nearly triple by 2027, to reach $9.8 billion. Telecom operators are projected to constitute a significant share, making up 8% to 10% of the total market value. For example, a majority of telecom companies in Europe have moved over a quarter of their IT workload to the cloud. As pressures on growth and profitability continue, it is time for Middle East telecom operators to commit to the cloud.”

Source: The North Africa Journal February 15, 2024 10:54 UTC