ICT Market in the Middle East, Forecast to 2026

Description

Governments Are Leading Digital Growth

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.

Product Code: PD29-72

Analysis Highlights

Analysis Highlights

Strategic Imperatives

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™

Growth Environment

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)

Top 5 Technology Trends and Outlook

5G
AI
Cybersecurity, Compliance, and Regulations
eSports and Gaming
Industry and Technology Convergence

ICT Market Outlook for the Middle East

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

Key Challenges of the IT Supplier Ecosystem

Major Challenges of the ICT Supplier Ecosystem

Next Wave of Growth in Middle East: Key Contributing Countries

Iraq
Oman
Egypt

ICT Predictions

Top Predictions for 2022

ICT Segment Outlook

2022 Market Snapshot

Growth Opportunity Universe

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

Conclusions and Future Outlook

Next Steps

Your Next Steps
Why Frost, Why Now?
List of Exhibits
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