The Middle East is quickly catching up to other markets in terms of cloud computing adoption. Government investments and the increasing presence of public cloud providers are making cloud solutions more accessible. These developments are providing organizations in the public and private sectors with a faster route to capturing value from the technology. Bahrain is rapidly advancing in its digital capabilities with the ICT sector contributing over 6.8% to the real GDP in 2022 and witnessing a significant growth of 4.5% in the same year.
Back in 2019, Bahrain made a significant move in the IT sector by inviting AWS to set up its first cloud computing region in the Middle East and North Africa (MENA) right in Bahrain. This helped the kingdom to commit to a Cloud-First policy, mandating all government agencies to migrate to cloud-based services.
The Gulf Cooperation Council (GCC) region is witnessing unprecedented growth in the financial sector, with a surge in both traditional financial institutions and emerging fintech companies. Due to their financial power and increasing connectivity, they are the prime target for cyberattacks and data breaches, making the protection and security of their critical data a paramount concern.