Saudi Arabia Cloud High Performance Computing market size is projected to grow at a CAGR of 13.1% during 2024-2030F

Government and public sector by vertical, accomplished the highest revenue share in Saudi Arabia Cloud High Performance Computing Market – 6Wresearch

Government and public sector hold a substantial revenue share in Saudi Arabia's Cloud High-Performance Computing (HPC) market owing to Saudi Arabia's digital transformation initiatives, government entities are increasingly leveraging cloud HPC to enhance service delivery, optimize operations, and drive innovation across various sectors, including healthcare, education, transportation, and smart city development.

According to 6wresearch, Saudi Arabia Cloud High Performance Computing market size is projected to grow at a CAGR of 13.1% during 2024-2030F. The Saudi government's robust backing of the Saudi Cloud Strategy, alongside initiatives like the Cloud Computing Special Economic Zone, is driving a surge in cloud computing adoption, with anticipated annual spending on public cloud services set to reach US$ 2.5 billion by 2026, propelling demand for cloud high-performance computing solutions. Policies like the Cloud First Policy and the Cloud Computing Special Economic Zone aim to boost cloud adoption, including high-performance computing (HPC), across sectors in Saudi Arabia. This strategic push is set to fuel demand for cloud HPC solutions as organizations leverage cloud infrastructure for advanced computational tasks.

Saudi Arabia's push towards cloud computing for innovation faces hurdles including data protection concerns and a lack of cybersecurity measures. Challenges like cyberattacks and a shortage of ICT experts hinder progress, impacting e-government services and the adoption of cloud HPC solutions.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, with Saudi Arabia's ambitious Vision 2030 goals emphasizing digital transformation and innovation, large enterprises are increasingly investing in advanced technologies like HPC to enhance their competitiveness and drive growth.

The Saudi Arabia Cloud High Performance Computing Market (2024-2030) report provides an in-depth analysis with 16 figures and 5 tables, covering 77 pages. The report comprehensively covers the market by service, organization size, deployment and vertical. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.