IoT market has grown into a mature $5 billion market over the last five years, according to IoT Analytics, a leading provider of market insights and competitive intelligence for the Internet of Things (IoT) and Industry 4.0.

Read more: Hyperscalers big players in $5 billion IoT platform market, says report

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

To further their commitment towards the Middle Eastern enterprise market with access to top tier SD-WAN and SASE products for the digital transformation,  GBI (Gulf Bridge International), a global cloud, connectivity, and content enabler, and Versa Networks, the leader in SASE, are collaborating with the Versa ACE Partner Program.

Read more: GBI strengthens ties with Versa Networks with focus on Middle Eastern market

PCCW Solutions, the IT services flagship of PCCW Limited, has launched Infinitum Communications Suite (ICS), a cloud-native platform with fully-integrated business and operations support system solutions to help communications service providers (CSPs) quickly launch new offerings, transform digital engagement and drive operational excellence.

Read more: PCCW Solutions launches cloud-native platform for CSPs to support digital transformation

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

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

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