Middle East ICT Market 2020-2024: Increasing Acceptance of Disruptive Technologies, Such as IoT and AI, Forecast to Boost Market Growth

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Aug 12, 2020, 15:00 ET

DUBLIN, Aug. 12, 2020 /PRNewswire/ -- The "ICT Market in the Middle East, Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

This research service analyzes the ICT market in the Middle East. It provides key highlights for 2019 as well as an outlook of the future. Countries covered under the geographic scope of this research service are Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and Syria. By industry, the market is segmented into telecommunications and media and information technology (IT). Major market drivers and restraints are discussed, along with important technology trends. Revenue is provided for the base year (2019) as well as the forecast period, which runs through to 2024.

The ICT market in the Middle East will witness steady growth over the forecast period, mainly driven by governments' digital transformation initiatives and enterprises' acceptance of disruptive technologies, such as Internet of Things (IoT) and Artificial Intelligence (AI). In addition, operators are focused on the development of an enterprise-centric or application-specific service portfolio to be able to monetize 5G network investments, which is expected to boost telecom service revenue in the region. Some of the key technology trends in the telecommunication and media space include 5G, fiber network expansion, software-defined networks, and IoT network investments, whereas cloud computing and data centers, AI, cybersecurity, and conversational platforms are the important trends in the IT ecosystem. The study also provides insights into global Mega Trends, including edge computing, Industry 4.0, 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. In this regard, governments and enterprises have embraced various disruptive technologies as part of their digital transformation initiatives. These factors, in turn, will drive market growth. Moreover, the proliferation of 5G services and their significance across several enterprise applications and industry verticals will promote market expansion over the forecast period.

Key Topics Covered:

1. Executive Summary

Key Findings
Key Highlights-2019
Technology Trends in the Middle East's Telecom Industry-2019
Technology Trends in the Middle East's IT Industry-2019
Global Mega Technology Trends-2019
Revenue Forecast by Country
Analyst's Top Five Predictions for 2020

2. Research Scope and Segmentation

Research Scope
Market Definitions
Research Aim and Objectives
Key Questions this Study will Answer

3. Drivers and Restraints-ICT Market in the Middle East

Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. Market Outlook

Revenue Forecast
Percent Revenue Forecast by Industry
Revenue Forecast by Industry
Revenue Forecast by Country
Revenue Forecast Discussion

5. Top Five Technology Trends and Outlook for 2020

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

6. IT Supplier Ecosystem-Key Challenges

Key Challenges in the IT Supplier Ecosystem

7. Next Wave of Growth in the Middle East-Key Contributing Countries

Iraq
Oman
Egypt

8. Growth Opportunities and Companies to Action

Growth Opportunity 1-IoT/M2M
Growth Opportunity 2-Data Centers
Growth Opportunity 3-5G
Growth Opportunity 4-AI
Strategic Imperatives for Success and Growth

9. Key Conclusions and Future Outlook

For more information about this report visit https://www.researchandmarkets.com/r/i1st8w

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