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2020-04-24
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Middle East and Africa
Our report covers key ICT transformative trends that are making an impact in the Middle East and North Africa (MENA) region and assesses the economic and IT market outlook and the various digital transformation (DX) investments that are driving ICT spending in the region. In past 2 years, there has been adoption of progressive digital transformation in Middle East Region.
Ranking as one of the largest sector in the world, the ICT market is expected to reach the market value of over USD 5.12 Trillion in 2019. The continuous growth serves as another reminder of the ever-increasing prevalence and importance of technology in today’s society. The ICT market is typically defined to encompass technologies related to both computer and telephone networks, along with the relevant software, hardware and services. As of 2019, the telecommunications category ranks as the highest revenue generating segment of the ICT market, while “new technologies”, which includes VR/AR and robotics, ranks as the fastest growing category. In a similar manner to the rest of the industry, ICT research and development budgets have also seen large increases in recent years, with total R&D expenditure in the hundreds of billions. Geographically, the U.S. region accounted for over 30% of the global information and communication technology (ICT) market share in 2019. However, the EU and China ranked as the second and third biggest regions in terms of market share with 20% and 12.54% respectively.
• The study provides an in-depth analysis with current and future trends to elucidate the imminent investment pockets in the market.
• Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market.
• Quantitative analysis of the current market and forecast from 2016-2024 is provided to showcase the financial competency of the market.
• Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market.
• Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market.
• Competitive Outlook of major players of the global market as well as regional market to understand the current business scenario and to understand the complexity and investment related factors.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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