Innovative Business Models Spur Growth of Middle East ICT Market, Outlook 2021

Innovative Business Models Spur Growth of Middle East ICT Market, Outlook 2021

Future Growth Potential of the ICT Market Enhanced by Digital Transformation, 5G, and AI

RELEASE DATE
11-May-2021
REGION
South Asia, Middle East & North Africa
Deliverable Type
Market Research
Research Code: PB97-01-00-00-00
SKU: IT04323-SA-MT_25427
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Innovative Business Models Spur Growth of Middle East ICT Market, Outlook 2021
Published on: 11-May-2021 | SKU: IT04323-SA-MT_25427

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This research service analyzes the Middle East ICT market. It provides key highlights for 2020 as well as a future outlook till 2025. By industry, the market is segmented into telecommunications and information technology (IT). Major market drivers and restraints are discussed, along with important technology traits. The report also covers the impact of the COVID-19 pandemic on the market. Revenue is provided for the base year (2020), as well as the forecast period, which runs through 2025. The ICT market in the Middle East, after recovery from the pandemic, is expected to witness growth over the forecast period, mainly driven by the government’s digital transformation initiatives and enterprises’ acceptance of disruptive technologies, such as the Internet of Things (IoT) and artificial intelligence (AI). In addition, operators are focussed on the development of an enterprise-centric or application-specific service portfolio to monetize 5G network investments, whereas cloud computing and data centers, AI, cybersecurity, and virtual conversational platforms are important trends in the IT ecosystem. The research also provides insights on global Mega Trends, including 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. Governments and enterprises have embraced various disruptive technologies as part of their digital transformation initiatives to drive market growth. The proliferation of 5G services and their significance across several enterprise applications and industry verticals will promote market expansion over the forecast period.

Author: Shibapriya Saha

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Strategic Imperatives on ICT Industry

The Impact of the Top Strategic Imperatives on ICT Industry (continued)

Strategic Imperatives for Success and Growth

Growth Opportunities Fuel the Growth Pipeline Engine™

Sector Growth Expectations

Middle East ICT Industry Key Findings

Middle East ICT Market Key Highlights, 2020

Key Technology Trends in Middle East ICT Market, 2020

Key Technology Trends in Middle East ICT Market, 2020 (continued)

Global Mega Technology Trends in the ICT Market, 2020

Global Mega Technology Trends in the ICT Market, 2020 (continued)

ICT Market Outlook for Middle East, 2021

Revenue Forecast

Percent Revenue Forecast by Industry

Revenue Forecast by Industry and Industry Sub-Segments

Revenue Forecast by Country

COVID-19 Impact on World GDP Growth

Global Growth Scenario Analysis—Assumptions

World GDP Growth Under Differing Scenarios

COVID-19 Impact on Key Regions

Recovery Scenarios—Shape of the Recovery Curve

2008–2020 Global Historic GDP Growth

Top 5 2021 Global Economic Predictions

2021 Growth Opportunities—Top 3 Opportunities by Region

2021 Regional Trends—GDP Growth, Risks, and Policy Direction

Government Response to COVID-19 in the GCC Countries

COVID-19 Industry Mortality Matrix for the GCC countries

Industries in the GCC Experiencing Growth Despite the COVID-19 Pandemic

Impact on Revenue of the ICT Industry

Challenges Faced by the ICT Industry in the GCC due to COVID-19

Growth Opportunities Critical for Future Success in the Light of COVID-19

Disruptive Technologies in the COVID-19 Pandemic

Companies’ Responses to Challenges

COVID-19 Pandemic Strategies—Respond, Recover, and Thrive

Key Technology Trends, 2020 to 2025

5G

Artificial Intelligence (AI)

Cybersecurity, Compliance, and Regulations

eSports and Gaming

Industry and Technology Convergence

Key Growth Opportunities—5G

Key Growth Opportunities—IoT

Key Growth Opportunities—AI

Key Growth Opportunities—Cybersecurity

Key Growth Opportunities—Gaming & eSports

Growth Drivers for the ICT Industry in Middle East

Growth Driver Analysis for Middle East ICT Market

Growth Driver Analysis for Middle East ICT Market (continued)

Growth Restraints for the ICT Industry

Growth Restraint Analysis for Middle East ICT Market

Key Challenges of the IT Supplier Ecosystem

Growth Opportunities in Iraq

Growth Opportunities in Oman

Growth Opportunities in Egypt

Growth Opportunities in Israel

Growth Opportunities in Qatar

Key Conclusions

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

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  • Growth Opportunities
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Impacting your company's future growth potential.

This research service analyzes the Middle East ICT market. It provides key highlights for 2020 as well as a future outlook till 2025. By industry, the market is segmented into telecommunications and information technology (IT). Major market drivers and restraints are discussed, along with important technology traits. The report also covers the impact of the COVID-19 pandemic on the market. Revenue is provided for the base year (2020), as well as the forecast period, which runs through 2025. The ICT market in the Middle East, after recovery from the pandemic, is expected to witness growth over the forecast period, mainly driven by the governments digital transformation initiatives and enterprises acceptance of disruptive technologies, such as the Internet of Things (IoT) and artificial intelligence (AI). In addition, operators are focussed on the development of an enterprise-centric or application-specific service portfolio to monetize 5G network investments, whereas cloud computing and data centers, AI, cybersecurity, and virtual conversational platforms are important trends in the IT ecosystem. The research also provides insights on global Mega Trends, including 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. Governments and enterprises have embraced various disruptive technologies as part of their digital transformation initiatives to drive market growth. The proliferation of 5G services and their significance across several enterprise applications and industry verticals will promote market expansion over the forecast period. Author: Shibapriya Saha
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Shibapriya Saha
Industries Information Technology
WIP Number PB97-01-00-00-00
Is Prebook No
GPS Codes 9A62-C1,9A64-C1,9682-C1,9705-C1,9657,9655,9707