ICT Market in the Middle East, Forecast to 2026

ICT Market in the Middle East, Forecast to 2026

Governments Are Leading Digital Growth

RELEASE DATE
18-Nov-2022
REGION
South Asia, Middle East & North Africa
Research Code: PD29-01-00-00-00
SKU: IT04619-SA-MO_27136
$4,950.00
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SKU
IT04619-SA-MO_27136
$4,950.00
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Description

The Middle East is one of the most dynamic information and communication technology (ICT) markets and has been consistently growing at a healthy rate. Saudi Arabia is the largest economy of the region, and it is on a path of significant economic transformation that will provide numerous ICT opportunities across industries. In the flourishing Saudi Arabian market, numerous opportunities exist in the areas of digital transformation, smart cities, eSports and entertainment, financial services, and various other technology sectors. Large-scale national infrastructure projects Neom, Red Sea, and Qiddiya are driving massive investments to help the kingdom achieve its ambitious National Transformation Plan.

At the same time, the United Arab Emirates continues to lead the away on the adoption of cutting-edge technologies such as blockchain and artificial intelligence. Like other consumer tech, the metaverse too is gaining traction and is slowly becoming a part of the development agenda of regional economies.

The entire region is on a transformation journey and presents significant growth potential in the coming years.

Author: Anas Haj Kasem

Table of Contents

Analysis Highlights

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the ICT Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Market Segmentation

Technology Trends in the Middle East’s Telecom Industry: 2022

Technology Trends in the Middle East’s Telecom Industry: 2022 (continued)

Global Mega Technology Trends: 2022

Global Mega Technology Trends: 2022 (continued)

5G

AI

Cybersecurity, Compliance, and Regulations

eSports and Gaming

Industry and Technology Convergence

Revenue Forecast

Revenue Forecast by Industry

Revenue Forecast by Industry and Industry Subsegments

Revenue Forecast by Country

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Major Challenges of the ICT Supplier Ecosystem

Top Predictions for 2022

2022 Market Snapshot

Growth Opportunity 1: Data Centers and Cloud

Growth Opportunity 1: Data Centers and Cloud (continued)

Growth Opportunity 2: IoT

Growth Opportunity 2: IoT (continued)

Growth Opportunity 3: 5G

Growth Opportunity 3: 5G (continued)

Growth Opportunity 4: AI

Growth Opportunity 4: AI (continued)

Growth Opportunity 5: Gaming and eSports

Growth Opportunity 5: Gaming and eSports (continued)

Conclusions and Future Outlook

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

The Middle East is one of the most dynamic information and communication technology (ICT) markets and has been consistently growing at a healthy rate. Saudi Arabia is the largest economy of the region, and it is on a path of significant economic transformation that will provide numerous ICT opportunities across industries. In the flourishing Saudi Arabian market, numerous opportunities exist in the areas of digital transformation, smart cities, eSports and entertainment, financial services, and various other technology sectors. Large-scale national infrastructure projects Neom, Red Sea, and Qiddiya are driving massive investments to help the kingdom achieve its ambitious National Transformation Plan. At the same time, the United Arab Emirates continues to lead the away on the adoption of cutting-edge technologies such as blockchain and artificial intelligence. Like other consumer tech, the metaverse too is gaining traction and is slowly becoming a part of the development agenda of regional economies. The entire region is on a transformation journey and presents significant growth potential in the coming years. Author: Anas Haj Kasem
More Information
Industries Information Technology
No Index No
Is Prebook No
Podcast No
WIP Number PD29-01-00-00-00