How big is the Israel ICT Market?

The Israel ICT Market size is expected to reach USD 52.45 billion in 2024 and grow at a CAGR of 3.37% to reach USD 61.90 billion by 2029. Read More

What is the current Israel ICT Market size?

In 2024, the Israel ICT Market size is expected to reach USD 52.45 billion. Read More

Who are the key players in Israel ICT Market?

IBM Corporation, Cognizant Technology Solutions, Google LLC , Microsoft Corporation and Oracle are the major companies operating in the Israel ICT Market. Read More

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

In 2023, the Israel ICT Market size was estimated at USD 50.74 billion. The report covers the Israel ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Israel ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Israel ICT Market - Size, Share & Analysis

Israel ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Israel ICT Market is segmented by Type (Hardware, Software, IT Services, Telecommunication Services), Size of Enterprise (Small and Medium Enterprises, Large Enterprises), and End-user Vertical (BFSI, IT & Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Israel ICT Industry Overview

The Israel ICT market is moderately competitive and moving toward the fragmented stage as the market currently consists of various significant players. Several key players in the ICT market IBM Corporation, Cognizant Technology Solutions, Google LLC, Microsoft Corporation, and Oracle, are putting constant efforts to bring advancements.

In February 2022, Google, the world's leading cloud service provider, activated a local cloud region for Israel, offering cloud services to the country's government and military in a move expected to boost economic growth.

In February 2022, Israel's Ministry of Communications (MoC) approved its deal to sell a controlling stake in local mobile network operator (MNO) 018 Xfone.