MENA ICT Market Share

Market Share of MENA ICT Industry

Global Giants Lead in a Consolidated Market: The MENA ICT market is consolidated, with global tech conglomerates such as Google, IBM, Microsoft, SAP, Oracle, and AWS holding significant market shares. These companies leverage their resources and expertise to provide comprehensive ICT solutions across sectors.

Strategic partnerships: Mindware’s collaboration with Xebia (Nov 2023) exemplifies the type of strategic alliances that drive digital transformation.

Innovation leadership: UAE-based G42 launched a $10 billion expansion fund in 2022, focusing on transformative technologies like AI and cloud computing, underscoring the region’s commitment to digital innovation.

Strategies for Future Success: To succeed in the MENA ICT market, companies must focus on several key strategies:

Investing in local partnerships: As seen with KT and STC Group, developing local infrastructure is critical for long-term growth.

Emerging technologies: Prioritizing technologies such as 5G, IoT, and fintech solutions is crucial, with Saudi Arabia’s fintech sector expected to see significant growth.

Regulatory alignment: Aligning with government initiatives like Egypt’s ICT 2030 strategy can open doors for extensive opportunities.

Skills development: Training and capacity building, exemplified by the UAE’s ICT Fund, will be pivotal in addressing the skills gap in the tech workforce.

MENA ICT Market Leaders

1. Google LLC (Alphabet Inc.)

2. IBM Corporation

3. Microsoft Corporation

4. HP Inc.

5. SAP SE 

*Disclaimer: Major Players sorted in no particular order