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Middle East and Africa ICT Market Size, Share, Analysis: By Type: Hardware, Software, IT and Infrastructure Services, Telecommunication Services; By Enterprise Size: Small and Medium Enterprises, Large Enterprises; By Industry Vertical: BFSI, IT and Telecom, Government, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Middle East and Africa ICT Market Size
The Middle East and Africa ICT market attained a value of around USD 227.75 billion in 2023. It is projected to grow at a CAGR of 10.7% during 2024-2032 to reach nearly USD 568.57 billion by 2032.
| Middle East and Africa ICT Market Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 227.8 |
| Market Size 2032 | USD Billion | 568.6 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 10.7% |
| CAGR 2024-2032 - Market by Country | Saudi Arabia | 13.9% |
| CAGR 2024-2032 - Market by Industry Vertical | IT and Telecom | 12.1% |
| CAGR 2024-2032 - Market by Enterprise Size | Small and Medium Enterprises | 11.8% |
| Market Share by Country 2023 | South Africa | XX% |
Middle East and Africa ICT Market Outlook
- Saudi Arabia enjoys a high internet penetration rate of 99%. The sector received investments worth $24.79 billion in 2018-2023.
- Nigeria is considered the largest ICT market within Africa with a 29% share in the continent’s overall internet usage.
- Nearly 44% of Nigeria’s population has access to broadband subscriptions.
Middle East and Africa ICT Market Growth
In 2021, the Dubai government launched the Smart City Strategy, under which it aims to leverage critical ICT technologies to connect critical public infrastructure and resources while boosting collaborative action on infrastructure development through connected planning. It also plans to provide government services digitally, prevent the pollution of natural resources, and digitalise educational, healthcare, social, and cultural experiences for the public at large.
The thriving tourism industry of the UAE, which is estimated to contribute AED 450 billion to the national GDP by 2031 and receive 40 million hotel guests, is expected to benefit from the adoption of the metaverse to give tourists a grand vacation experience. This indicates the huge potential for ICT in the country.
In 2023, the International Telecommunications Union ranked Saudi Arabia in the second position (only after the United States) with a score of 96.6 points in the ICT Development Index. This index assesses the quality of ICT infrastructure and the extent of secure internet coverage in the country (99%), whose success was largely driven by the introduction of the National Strategy of Digital Transformation in 2016. Saudi Arabia has emerged as the fastest-growing market for information and communication technologies in the Middle East and Africa. With increasing government investments in the digital economy, the country is assessed to grow at a CAGR of 13.9% over 2024-2032.
Middle East and Africa ICT Industry Segmentation
Middle East and Africa ICT Market Report and Forecast 2024-2032 provides an in-depth analysis of the different market segments mentioned below:
Market Breakup by Type
- Hardware
- Network Switches
- Routers and WLAN
- Servers and Storage
- Others
- Software
- IT and Infrastructure Services
- Telecommunication Services
| CAGR 2024-2032 - Market by | Enterprise Size |
| Small and Medium Enterprises | 11.8% |
| Large Enterprises | XX% |
Market Breakup by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
| CAGR 2024-2032 - Market by | Industry Vertical |
| IT and Telecom | 12.1% |
| Retail and E-Commerce | 11.4% |
| BFSI | XX% |
| Government | XX% |
| Manufacturing | XX% |
| Others | XX% |
Market Breakup by Industry Vertical
- BFSI
- IT and Telecom
- Government
- Retail and E-Commerce
- Manufacturing
- Energy and Utilities
- Others
| CAGR 2024-2032 - Market by | Country |
| Saudi Arabia | 13.9% |
| United Arab Emirates | 11.8% |
| Nigeria | XX% |
| South Africa | XX% |
| Others | XX% |
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Middle East and Africa ICT Market Share
Based on industry vertical, the market is divided into manufacturing, energy and utilities, IT and telecom, government, BFSI, and retail and e-commerce, among others. Over the forecast period, the retail and e-commerce sector is projected to grow at a CAGR of 11.4% due to rising internet accessibility and smartphone penetration rates.
Leading Companies in the Middle East and Africa ICT Market
Key players are extensively investing in developing countries in the region to enable small and medium enterprises to undergo a digital transformation and equip the youth with essential skills in AI and other technologies.
- IBM Corp.
- Microsoft Corp.
- Cisco Systems Inc.
- Amazon.com Inc. (Amazon Web Services, Inc.)
- Oracle Corp.
- Palo Alto Networks Inc.
- Accenture Plc
- Dell Inc.
- HP Inc.
- Trend Micro Inc.
- Saudi Telecom Company SJSC
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Enterprise Size |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global ICT Market Overview
8.1 Key Industry Highlights
8.2 Global ICT Historical Market (2018-2023)
8.3 Global ICT Market Forecast (2024-2032)
8.4 Global ICT Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Middle East and Africa ICT Market Overview
9.1 Key Industry Highlights
9.2 Middle East and Africa ICT Historical Market (2018-2023)
9.3 Middle East and Africa ICT Market Forecast (2024-2032)
10 Middle East and Africa ICT Market by Type
10.1 Hardware
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Network Switches
10.1.3.2 Routers and WLAN
10.1.3.3 Servers and Storage
10.1.3.4 Others
10.2 Software
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 IT and Infrastructure Services
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Telecommunication Services
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Middle East and Africa ICT Market by Enterprise Size
11.1 Small and Medium Enterprises
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Large Enterprises
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Middle East and Africa ICT Market by Industry Vertical
12.1 BFSI
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 IT and Telecom
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Government
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Retail and E-Commerce
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Manufacturing
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Energy and Utilities
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Middle East and Africa ICT Market by Country
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 IBM Corp.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microsoft Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cisco Systems Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Amazon.com Inc. (Amazon Web Services, Inc.)
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Oracle Corp.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Palo Alto Networks Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Accenture Plc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Dell Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 HP Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Trend Micro Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Saudi Telecom Company SJSC
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global ICT Market: Key Industry Highlights, 2018 and 2032
2. Middle East and Africa ICT Market: Key Industry Highlights, 2018 and 2032
3. Middle East and Africa ICT Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Middle East and Africa ICT Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Middle East and Africa ICT Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
6. Middle East and Africa ICT Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
7. Middle East and Africa ICT Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
8. Middle East and Africa ICT Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
9. Middle East and Africa ICT Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Middle East and Africa ICT Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Middle East and Africa ICT Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 227.75 billion in 2023.
The market is projected to grow at a CAGR of 10.7% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 568.57 billion in 2032.
The different ICT types considered in the report include hardware, software, IT and infrastructure services, and telecommunication services.
The different sizes of enterprises in the market include small and medium enterprises and large enterprises.
The different industry verticals in the market include BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities, among others.
The different countries covered in the market report are Saudi Arabia, the United Arab Emirates, Nigeria, and South Africa, among others.
The key market players are IBM Corp., Microsoft Corp., Cisco Systems Inc., Amazon.com Inc. (Amazon Web Services, Inc.), Oracle Corp., Palo Alto Networks Inc., Accenture Plc, Dell Inc., HP Inc., Trend Micro Inc., and Saudi Telecom Company SJSC, among others.
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