Region’s data storage market to grow in value to US$ 8.3bn in 2025, research indicates
Logicom, a leading regional distributor of technology solutions and services in the Middle East and North Africa (MENA), recently announced a new distribution partnership with US-headquartered VAST Data, the data platform company for the AI-powered world, as it continues international expansion.
Under the agreement, Logicom will help VAST Data accelerate adoption of its high-performance Universal Data storage platform by broadening reach with key channel partners and markets in Middle East and North Africa.
The data storage market in the Middle East and Africa (MEA) expected to grow with a CAGR of 14.3% in the next three years, and a projected valuation of market size of US$ 8.43bn by 2025 according to Future Market Insights, a press communique stated.
The distribution agreement seeks to leverage the growth potential of the region supporting VAST Data’s aggressive international expansion utilizing Logicom’s experience and much sought-after network, the press note continued.
“This agreement with Logicom underpins our 100% channel driven strategy which will be critical in successfully attracting an even larger number of trusted channel partners in the UAE, KSA, Qatar and the rest of the region,” affirmed Haider Aziz, Regional Director, Middle East and Africa, VAST Data. “We are delighted to work with VAST Data and welcome this new opportunity to provide our channel partners with state-of-the-art technology offerings, by helping our partners to differentiate and evolve from their competition,” asserted Spiros Rafailovits, General Manager, UAE & Gulf, Logicom.