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The Saudi Arabia cloud computing market is expected to generate a compound annual growth rate (CAGR) of 35.5% between 2021-2030, according to QuantAlign Research. The Kingdom’s sustained growth in the cloud computing market can be attributed to the increasing expenditure on information technology and growing demand for data digitalization across various industries.

Read more: Cloud computing market in Saudi Arabia to witness high growth

The acceleration of digital transformation over the last 12 month, the rebound in some economies, in line with government stimuli, the roll-out of mass COVID-19 vaccination programs and subsequent easing of restrictions saw cloud infrastructure services spending to grow 35% to US$41.8 billion in the first quarter of 2021.

Read more: Global cloud services market touches US$42 bn in Q1 2021

Network intelligence and automation company Kenmei Technologies announced that it has partnered with Vodafone Group on its “Digital Network Program”, with the aim of reducing operational costs, improving customer experience and increasing revenues.

Read more: Kenmei Technologies now part of Vodafone’s Digital Network Program

Google Cloud has appointed Abdul Rahman Al Thehaiban as managing director for the Middle East, Turkey and Africa region (META) to lead enterprise sales for Google Cloud across the META region. He will support current and future Google Cloud customers and partners to accelerate their digital transformation and drive the growth of Google Cloud in these areas.

Read more: Abdul Rahman Al Thehaiban to head Google Cloud as MD in META region

Red Hat, Inc., the world's leading provider of open source solutions, announced a collaboration with NEC Corporation to deliver 5G solutions built on Red Hat OpenShift, the industry’s leading enterprise Kubernetes platform.

Read more: Red Hat, NEC offer telco cloud infrastructure for multiple 5G use cases

Acronis announced that it has received more than $250 million funding round from CVC Capital Partners VII and other investors. Acronis will use the funds to further accelerate growth by expanding its unique portfolio of natively integrated cyber protection products. A significant portion of the investment will also be used to further enhance Acronis’ go-to-market initiatives by expanding its broad partner network – most notably managed service providers (MSPs) – to help them better serve the cyber protection needs of their clients. The investment values the company at more than $2.5 billion.

Read more: Acronis receives funding of more than $250M

Help AG, the cybersecurity arm of Etisalat Digital and the region’s trusted IT security advisor, has launched Cyber Edge X, a Secure Access Service Edge (SASE) offering that helps organizations redefine their perimeter security in the cloud.

Read more: Help AG allows organizations to redefine their perimeter security in the cloud

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