According to the Cloud Report 2017, 70% of Dubai startups currently use cloud computing, and 24% have even built their startups in the cloud.

Ankush is a journalist hailing from India, who has edited and written for publications in his home country, the UAE, US, and UK. Previously the editor of Gulf Business in Dubai and of Entrepreneur in India, Ankush is a keen student of economics, a follower of Manchester United since 1996 and a disciple of Archer.

More and more Dubai-based startups are using cloud computing to enable their businesses for growth and plan to spend more on it, a report from a technology park and a cloud services provider has revealed.

According to the Cloud Report 2017, 70% of Dubai startups currently use cloud computing, and 24% have even built their startups in the cloud.

The report, which surveyed over 100 startups, also found that 38% of those not yet on the cloud plan to adopt the technology shortly.

On the type of cloud services uses, 76% of the respondents opted for Software as a Service (SaaS), while Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) are each used by 32% of them.

Over 33% of these startups utilized more than one type of cloud service, with 9% using all three service models.

Dubai startups on the cloud in Dubai use an average of 4.39 cloud services, with 36% using one or two services, and 18% using more than five such services.

Storage and web hosting account for a majority of the cloud services adopted, being the most widely used at 68% and 67% respectively.

Of the startups, 72% spend less than $50,000 on IT annually, 24% dedicate more than 20% of that annual budget to cloud solutions.

Going forward, 80% of startups plan to increase spending on cloud services in the next two years.

Among those who have not taken to the cloud, 42% said that they find the initial investment prohibitively high, while other concerns included data protection (27%) and security (15%).

Dubai Silicon Oasis Authority, the regulatory body for Dubai Silicon Oasis (DSO), commissioned the report (DSOA) in partnership with tech giant IBM and information provider Thomson Reuters.