The MENA digital transformation industry is estimated to be valued at US$ 55 billion in 2024 and reach US$ 418.54 billion by 2034, expanding at a CAGR of 22.5% over the forecast period.
The region is undergoing a robust digital transformation, providing opportunities for advanced connectivity use cases and capturing hyperscale demand for content availability and business prospects. The digital revolution in MENA is helping enterprises embrace the cloud, with the adoption of technologies like AI propelling the development of the latest digital infrastructure by regional government bodies.
The region is reshaping connectivity across economic, regulatory, political, and infrastructure levels. This evolution is capturing international interest as MENA continues to refine its regional interconnectivity ecosystem, thus bridging the gap between the East and the West.
Emerging Trends in the MENA Digital Transformation Industry
This is an exciting time for digital transformation solution providers in the MENA region and the industry is projected to observe a significant growth trajectory from 2024 to 2034.
| Attributes | Key Insights |
|---|---|
| Estimated MENA Digital Transformation Industry Size (2024E) | US$ 55 billion |
| Projected Industry Value (2034F) | US$ 418.54 billion |
| Value-based CAGR (2024 to 2034) | 22.5% |
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In the following table, two industries are juxtaposed with the MENA digital transformation industry to be analyzed based on growth contributors, running trends, and latent opportunities for industry players. These are the artificial intelligence system spending industry and the cloud computing industry.
Based on the growth rate, artificial intelligence system spending is projected to witness significant growth over the years to continue. Responsible factors for this growth are surging adoption in BFSI, healthcare, retail, and other end-use industries as well as continuous technological advancements. The cloud computing industry is driven by the expanding realization of several benefits of utilizing public computing platforms.
MENA Digital Transformation Industry:
| Attributes | MENA Digital Transformation Industry |
|---|---|
| CAGR (2024 to 2034) | 22.5% |
| Growth Factor | Increasing internet users |
| Opportunity | Surging international interest in the MENA region to elevate the regional interconnectivity ecosystem |
| Key Trends |
|
Artificial Intelligence System Spending Industry:
| Attributes | Artificial Intelligence System Spending Industry |
|---|---|
| CAGR (2024 to 2034) | 46.1% |
| Growth Factor | Surging investments in employing artificial intelligence engineers |
| Opportunity | Rising demand for AI systems among eCommerce retailers |
| Key Trends | Increasing deployment of deep learning |
Cloud Computing Industry:
| Attributes | Cloud Computing Industry |
|---|---|
| CAGR (2024 to 2034) | 13.5% |
| Growth Factor | Growing demand for data storage, analysis, and processing capabilities |
| Opportunity | Companies are offering distinct subscription models to increase traction for personal cloud computing services |
| Key Trends | Rising dependence on Infrastructure-as-a-Service (IaaS) and Software-as-a-Service (SaaS) models |
| Leading Product Type | Cloud-based |
|---|---|
| Industry Share (2024) | 52.30% |
The cloud-based deployment is projected to acquire a massive industry share in 2024. The following factors contribute to this industry expansion:
| Leading Industry | BFSI |
|---|---|
| Value Share (2024) | 20.60% |
The BFSI segment is projected to acquire an industry share of 20.60% in 2024. Over the forecast period, the industry is propelled by:
| Leading Solution | Business Intelligence and Analytics Software |
|---|---|
| Value Share (2024) | 23.40% |
The business intelligence and analytics software is estimated to acquire an industry share of 23.40% in 2024. The segment is anticipated to be augmented by:
Principal Consultant
The digital transformation industry in the UAE is backed by the following factors:
The digital transformation industry in Qatar is forecast to witness substantial growth opportunities over the forecast period. The industry is driven by:
The Egypt digital transformation industry is projected to assume a rapid growth rate over the forecast period. Top factors that are contributing to industry growth are:
The primary factors that are driving the growth in the MENA digital transformation industry are government initiatives and numerous large firms that are enhancing their technological capabilities in the region. Industry participants are collaborating and partnering with end-use industries to offer different digital transformation services and solutions.
Industry players are also acquiring smaller and innovative firms to access new talents and technologies to expand their service offerings. The companies are building their regional talent pool by investing in hiring and training local talent to ensure industry knowledge and increase customer trust.
Established leaders are investing in research and development to offer cutting-edge solutions to future-proof their offerings. Additionally, players are seen sponsoring thought leadership initiatives, performing in industry events, and establishing themselves as the driving force for digital transformation.
By implementing these tactics, industry players are raising their industry share and driving regional industry growth. The combination of technological innovation, local knowledge, and strategic partnerships is expected to be critical for constant success in this dynamic region.
Latest Developments in the MENA Digital Transformation Industry
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The industry is estimated to account for US$ 55 billion in 2024.
Throughout the forecast period, the MENA digital transformation industry is projected to register a CAGR of 22.5%.
By 2034, the MENA digital transformation industry is forecast to be worth US$ 418.54 billion.
Cloud-based deployment mode is expected to obtain a substantial value share in the MENA digital transformation industry.
BFSI is anticipated to hold a considerable industry share.
Leading companies in the MENA digital transformation industry include Zealous Web, Alareeb ICT, and Ducont.
1. Executive Summary 1.1. MENA Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Solution 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Solution, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Solution, 2024 to 2034 5.3.1. Business Intelligence & Analytics Software 5.3.2. AI Platform 5.3.3. IoT Platform 5.3.4. Enterprise Mobility Management Suite 5.3.5. Cloud Enablement Platform 5.3.6. Enterprise Collaboration & Communication 5.3.7. Others 5.4. Y-o-Y Growth Trend Analysis By Solution, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Solution, 2024 to 2034 6. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Services 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Services, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2024 to 2034 6.3.1. Consulting 6.3.2. Technology Implementation 6.3.3. Technology Integration 6.3.4. Digital Business Operations & Management 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Services, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Services, 2024 to 2034 7. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2024 to 2034 7.3.1. On-Premises 7.3.2. Cloud Based 7.4. Y-o-Y Growth Trend Analysis By Deployment, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Deployment, 2024 to 2034 8. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Enterprise Size 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Size, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Size, 2024 to 2034 8.3.1. Small and Medium-sized Enterprises (SMEs) 8.3.2. Large Enterprises 8.4. Y-o-Y Growth Trend Analysis By Enterprise Size, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By Enterprise Size, 2024 to 2034 9. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) Analysis By Industry, 2019 to 2023 9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry, 2024 to 2034 9.3.1. BFSI 9.3.2. Healthcare and Life Sciences 9.3.3. IT & Telecom 9.3.4. Retail and E-commerce 9.3.5. Travel and Hospitality 9.3.6. Media and Entertainment 9.3.7. Automotive 9.3.8. Others 9.4. Y-o-Y Growth Trend Analysis By Industry, 2019 to 2023 9.5. Absolute $ Opportunity Analysis By Industry, 2024 to 2034 10. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) Analysis By Country, 2019 to 2023 10.3. Current Market Size Value (US$ Million) Analysis and Forecast By Country, 2024 to 2034 10.3.1. Saudi Arabia 10.3.2. United Arab Emirates 10.3.3. Qatar 10.3.4. Egypt 10.3.5. Israel 10.3.6. Rest of MENA 10.4. Market Attractiveness Analysis By Country 11. Saudi Arabia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Region 11.2.2. By Solution 11.2.3. By Services 11.2.4. By Deployment 11.2.5. By Enterprise Size 11.2.6. By Industry 11.3. Market Attractiveness Analysis 11.3.1. By Region 11.3.2. By Solution 11.3.3. By Services 11.3.4. By Deployment 11.3.5. By Enterprise Size 11.3.6. By Industry 11.4. Key Takeaways 12. United Arab Emirates Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Region 12.2.2. By Solution 12.2.3. By Services 12.2.4. By Deployment 12.2.5. By Enterprise Size 12.2.6. By Industry 12.3. Market Attractiveness Analysis 12.3.1. By Region 12.3.2. By Solution 12.3.3. By Services 12.3.4. By Deployment 12.3.5. By Enterprise Size 12.3.6. By Industry 12.4. Key Takeaways 13. Qatar Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Region 13.2.2. By Solution 13.2.3. By Services 13.2.4. By Deployment 13.2.5. By Enterprise Size 13.2.6. By Industry 13.3. Market Attractiveness Analysis 13.3.1. By Region 13.3.2. By Solution 13.3.3. By Services 13.3.4. By Deployment 13.3.5. By Enterprise Size 13.3.6. By Industry 13.4. Key Takeaways 14. Egypt Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Region 14.2.2. By Solution 14.2.3. By Services 14.2.4. By Deployment 14.2.5. By Enterprise Size 14.2.6. By Industry 14.3. Market Attractiveness Analysis 14.3.1. By Region 14.3.2. By Solution 14.3.3. By Services 14.3.4. By Deployment 14.3.5. By Enterprise Size 14.3.6. By Industry 14.4. Key Takeaways 15. Israel Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Region 15.2.2. By Solution 15.2.3. By Services 15.2.4. By Deployment 15.2.5. By Enterprise Size 15.2.6. By Industry 15.3. Market Attractiveness Analysis 15.3.1. By Region 15.3.2. By Solution 15.3.3. By Services 15.3.4. By Deployment 15.3.5. By Enterprise Size 15.3.6. By Industry 15.4. Key Takeaways 16. Rest of Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.2. By Solution 16.2.3. By Services 16.2.4. By Deployment 16.2.5. By Enterprise Size 16.2.6. By Industry 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Solution 16.3.3. By Services 16.3.4. By Deployment 16.3.5. By Enterprise Size 16.3.6. By Industry 16.4. Key Takeaways 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Country 17.3.2. By Solution 17.3.3. By Services 17.3.4. By Deployment 17.3.5. By Enterprise Size 17.3.6. By Industry 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Protiviti 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Deloitte 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Siemens 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. IBM 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Palo Alto Networks 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Digital Qatalyst 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Torry Harris 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Tech Carrot 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Baariz 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Zealous Web 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.11. Alareeb ICT 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Digital Transformation Industry Analysis in MENA
