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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| 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:
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:
Principal Consultant
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
