ICT Market in the Middle East, Forecast to 2024

ICT Market in the Middle East, Forecast to 2024

Governments’ Digital Transformation Initiatives and Enterprises’ Increasing Acceptance of Disruptive Technologies, Such as IoT

RELEASE DATE
21-Apr-2020
REGION
South Asia, Middle East & North Africa
Research Code: PAF4-01-00-00-00
SKU: IT04107-SA-MO_24331

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Description

This research service analyzes the ICT market in the Middle East. It provides key highlights for 2019 as well as an outlook of the future. Countries covered under the geographic scope of this research service are Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and Syria. By industry, the market is segmented into telecommunications and media and information technology (IT). Major market drivers and restraints are discussed, along with important technology trends. Revenue is provided for the base year (2019) as well as the forecast period, which runs through to 2024.

The ICT market in the Middle East will witness steady growth over the forecast period, mainly driven by governments’ digital transformation initiatives and enterprises’ acceptance of disruptive technologies, such as Internet of Things (IoT) and Artificial Intelligence (AI). In addition, operators are focused on the development of an enterprise-centric or application-specific service portfolio to be able to monetize 5G network investments, which is expected to boost telecom service revenue in the region. Some of the key technology trends in the telecommunication and media space include 5G, fiber network expansion, software-defined networks, and IoT network investments, whereas cloud computing and data centers, AI, cybersecurity, and conversational platforms are the important trends in the IT ecosystem. The study also provides insights on global Mega Trends, including edge computing, Industry 4.0, virtual reality, blockchain, industrial robots, 3D printing, and augmented reality (AR).

With the emphasis on reducing dependency on the oil industry, several Middle Eastern countries are formulating strategies to boost the contribution of the ICT market to the GDP. In this regard, governments and enterprises have embraced various disruptive technologies as part of their digital transformation initiatives. These factors, in turn, will drive market growth. Moreover, the proliferation of 5G services and their significance across several enterprise applications and industry verticals will promote market expansion over the forecast period.

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Table of Contents

Key Findings

Key Highlights—2019

Technology Trends in the Middle East’s Telecom Industry—2019

Technology Trends in the Middle East’s IT Industry—2019

Global Mega Technology Trends—2019

Global Mega Technology Trends—2019 (continued)

Revenue Forecast by Country

Frost & Sullivan’s Top Five Predictions for 2020

Research Scope

Market Definitions

Research Aim and Objectives

Key Questions this Study will Answer

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Revenue Forecast

Percent Revenue Forecast by Industry

Revenue Forecast by Industry

Revenue Forecast by Country

Revenue Forecast Discussion

5G

AI

Cybersecurity, Compliance, and Regulations

eSports and Gaming

Industry and Technology Convergence

Key Challenges in the IT Supplier Ecosystem

Growth Opportunity 1—IoT/M2M

Growth Opportunity 2—Data Centers

Growth Opportunity 3—5G

Growth Opportunity 4—AI

Strategic Imperatives for Success and Growth

Key Conclusions and Future Outlook

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

Related Research
This research service analyzes the ICT market in the Middle East. It provides key highlights for 2019 as well as an outlook of the future. Countries covered under the geographic scope of this research service are Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and Syria. By industry, the market is segmented into telecommunications and media and information technology (IT). Major market drivers and restraints are discussed, along with important technology trends. Revenue is provided for the base year (2019) as well as the forecast period, which runs through to 2024. The ICT market in the Middle East will witness steady growth over the forecast period, mainly driven by governments’ digital transformation initiatives and enterprises’ acceptance of disruptive technologies, such as Internet of Things (IoT) and Artificial Intelligence (AI). In addition, operators are focused on the development of an enterprise-centric or application-specific service portfolio to be able to monetize 5G network investments, which is expected to boost telecom service revenue in the region. Some of the key technology trends in the telecommunication and media space include 5G, fiber network expansion, software-defined networks, and IoT network investments, whereas cloud computing and data centers, AI, cybersecurity, and conversational platforms are the important trends in the IT ecosystem. The study also provides insights on global Mega Trends, including edge computing, Industry 4.0, virtual reality, blockchain, industrial robots, 3D printing, and augmented reality (AR). With the emphasis on reducing dependency on the oil industry, several Middle Eastern countries are formulating strategies to boost the contribution of the ICT market to the GDP. In this regard, governments and enterprises have embraced various disruptive technologies as part of their digital transformation initiatives. These factors, in turn, will drive market growth. Moreover, the proliferation of 5G services and their significance across several enterprise applications and industry verticals will promote market expansion over the forecast period.
More Information
No Index No
Podcast No
Author Gourab Banik
Industries Information Technology
WIP Number PAF4-01-00-00-00
Is Prebook No
GPS Codes 9705-C1,9AD1-C1,9659,9B07-C1