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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
UAE ICT Market Growth
Dubai is fostering a flourishing tech environment in the UAE. Through its dedication to programmes like the Dubai Economic Agenda (D33), the city is striving to establish itself as a leading centre for tech firms by 2033. With over 2,300 technology companies based in Dubai, the Dubai Future Foundation is playing a key role in supporting futuristic projects, promoting innovation, and advancing technological development to shape the city's future. This is achieved through various initiatives such as the Dubai Robotics and Automation Programme, Dubai Future Labs, and Dubai 10X, hence boosting the market growth in the UAE.
The widespread use of smartphones and the increasing need for uninterrupted connectivity are other major key factors fuelling the adoption of digital services. In 2023, 99% of the entire population of the country were active users of the internet, and the country boasts one of the highest smartphone penetration in the Middle East. Furthermore, the rise in popularity of streaming platforms, digital entertainment, and e-commerce websites is also consequently boosting the market in the UAE.
Artificial intelligence is poised to transform the market in the UAE by improving the performance of applications, communications, content, and digital commerce through technologies such as machine learning, natural language processing, and deep learning. The UAE has made artificial intelligence a top priority, with projections indicating that it will contribute nearly 14% of the national GDP by 2030 ($96 billion). In line with the government's UAE Centennial 2071 plans, the UAE AI Strategy 2031 has been introduced to enhance efficiency in various sectors including transport, health, space, renewable energy, water, technology, education, environment, and traffic.
UAE ICT Market Report Snapshots
*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.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 38.21 billion.
The market is estimated to grow at a CAGR of 13.4% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 118.49 billion by 2032.
The market is being driven by rapid urbanisation and swift digitalisation across the country.
The key trends aiding the ICT market in UAE include the adoption of 5G technology, the development of data centres, and the integration of artificial intelligence in the ICT technologies.
The major regions considered in the market are Dubai and Abu Dhabi, among others.
The major players in the market are IBM Corp., Microsoft Corp., Google LLC, Oracle Corp., Amazon.com Inc. (Amazon Web Services, Inc.), Cisco Systems Inc., SAP SE, Salesforce Inc., HP Inc., and Capgemini SE, among Others.
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