How big is the Kuwait ICT Market?

The Kuwait ICT Market size is expected to reach USD 24.69 billion in 2024 and grow at a CAGR of 9.84% to reach USD 39.48 billion by 2029. Read More

What is the current Kuwait ICT Market size?

In 2024, the Kuwait ICT Market size is expected to reach USD 24.69 billion. Read More

Who are the key players in Kuwait ICT Market?

Ooredoo, Zain, IBM Corporation, Huawei Technologies and Cisco Systems are the major companies operating in the Kuwait ICT Market. Read More

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

In 2023, the Kuwait ICT Market size was estimated at USD 22.26 billion. The report covers the Kuwait ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Kuwait ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

ICT Market in Kuwait -Companies, Size & Trends

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

The Report Covers ICT Companies in Kuwait and the Market is Segmented by Technology (big Data Analytics, Mobility, Cloud Computing, Storage, Business Process Outsourcing), Component (hardware, Devices, Software, and Services), and End-User Industry (oil, Gas, and Utilities, Transportation and Logistics, Healthcare, Financial Services, Manufacturing, and Construction). The Market Size and Forecasts are Provided in Terms of Value (in USD) for all the Above Segments.

Kuwait ICT Industry Overview

The Kuwaiti ICT market is semi-consolidated despite the presence of significant players like Ooredoo, Zain, IBM Corporation, Huawei Technologies, and Cisco Systems. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.

July 2024: Google Cloud inaugurated its new offices in Kuwait, receiving a license from the Kuwait Direct Investment Promotion Authority (KDIPA). The event was graced by His Excellency Mr. Omar Saud Al-Omar, the Minister of Commerce and Industry and Minister of State for Communication Affairs. This move underscores Google Cloud's dedication to bolstering Kuwait's digital transformation, emphasizing the modernization of government services and fostering economic growth. The newly established offices will act as a collaborative and innovative hub, uniting Google Cloud experts to engage closely with local customers and partners.

March 2024: Ooredoo and Huawei will collaborate to upgrade all core networks to a 5GC service-based architecture. The partnership, which was signed during Mobile World Congress Barcelona 2024, will see the modernization of Ooredoo’s core networks in Qatar, Kuwait, Oman, Iraq, Tunisia, Algeria, and the Maldives.