How big is the GCC And Africa ICT Market?

The GCC And Africa ICT Market size is expected to reach USD 266.55 billion in 2024 and grow at a CAGR of 9.77% to reach USD 424.73 billion by 2029. Read More

What is the current GCC And Africa ICT Market size?

In 2024, the GCC And Africa ICT Market size is expected to reach USD 266.55 billion. Read More

Who are the key players in GCC And Africa ICT Market?

Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, HP Inc. and SAP SE are the major companies operating in the GCC And Africa ICT Market. Read More

What years does this GCC And Africa ICT Market cover, and what was the market size in 2023?

In 2023, the GCC And Africa ICT Market size was estimated at USD 240.51 billion. The report covers the GCC And Africa ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC And Africa ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

GCC And Africa ICT Market Size & Share Analysis - Industry Research Report

GCC and Africa ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The GCC and Africa ICT Market Report is Segmented by Technology (Big Data Analytics, Mobility and Telecom, Cloud Computing, Storage, Business Process Outsourcing, and Other Technologies), Component (Hardware/Devices, Software and Services, Communication and Connectivity), End-User Industry (Oil, Gas, and Utilities, Travel and Hospitality, Healthcare, Financial Services, Manufacturing and Construction, and Other End-User Industries), and Region/Country (GCC (Saudi Arabia, United Arab Emirates, Qatar, Oman, Kuwait, Bahrain), Africa (Egypt, South Africa, Nigeria, Rest of Africa)). The Report Offers the Market Forecasts and Size in Value Terms in USD for all the Above Segments.

GCC and Africa ICT Industry Overview

The ICT market in the GCC and Africa is highly fragmented with the presence of major players like Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, HP Inc., and SAP SE. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

November 2023: Google Cloud inaugurated a new cloud region in Dammam, delivering high-performance, low-latency services to a diverse clientele in Saudi Arabia and the broader Middle East. This clientele ranges from public sector entities and large corporations to SMEs and startups. This move underscored Google's expanding footprint in the Middle East's tech landscape and aligns with its commitment to Saudi Arabia's Vision 2030 objectives.
November 2023: STC Group, a major player in Saudi Arabia and primarily owned by the Public Investment Fund, announced an expanded strategic partnership with global tech leader Microsoft. Together, they aim to drive innovation across the Kingdom by deploying advanced technological solutions, furthering the digital transformation of various industries in Saudi Arabia.