STME Puts Cloud Managed Services on 2016 Map
STME plans to cater to smaller business and startups with flexible and agile IT solutions
STME is set to realign its competitive strategy, products, and services to focus more on cloud and managed services in 2016. According to Research & Markets, the global cloud managed services market was valued at AED 191.8bn in 2015 is estimated to grow to AED 434.94bn (USD118.43bn) by 2020 at annual growth rate of 15.5%.
These statistics is reflective of a global trend in organizations opting for managed services and cloud solutions. In the UAE, and GCC region, the adoption of cloud solutions and managed services is increasing rapidly. “Economic diversification plans, and government policies have paved the way for smaller businesses to mushroom everywhere in the GCC. These smaller companies, whether they are start-ups or established SMEs are looking for agile and flexible IT solutions. These trends formed the crux of our decision to focus on this area,’’ commented Mr. Ayman Al Bayaa, CEO of STME.
“A common misconception, is that cloud solutions and managed services are the same thing, but in fact these are complementary services which can be deployed depending on requirements. For instance, cloud solutions are virtual solutions that can be used to store and access data and programs, either on or off site, while managed services are those such as web site hosting, system monitoring and management, and data backup and recovery,’’ explained Mr. Ayman.
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