Market Trends of MENA ICT Industry
Mobility and Telecom Largest Technology Segment
The Mobility and Telecom sector held the largest share of the MENA ICT market in 2022, valued at USD 25.55 billion. The sector is expected to reach USD 35.69 billion by 2029, growing at a CAGR of 4.89%. This underscores the critical role telecommunications plays in the region’s digital landscape.
- 5G expansion: The UAE was the first in the MEA region and fourth globally to launch a 5G network. Leading telecom operators Du and Etisalat have been at the forefront of 5G development, which will boost demand for advanced mobile services.
- Infrastructure upgrades: Oman plans to phase out its 3G networks by 2024, a move that will necessitate significant telecom infrastructure investments.
- Cybersecurity concerns: Increasing reliance on mobile technologies has led to a rise in cyberattacks, intensifying the need for robust security solutions within the telecom sector.
Understand The Key Trends Shaping This Market
Download PDF
Egypt Fastest Growing Regional Segment
Egypt’s ICT market is expanding rapidly, with its value projected to rise from USD 14.65 billion in 2022 to USD 27.52 billion by 2028. This growth reflects Egypt’s prominent role in regional digital transformation efforts.
- Government-led initiatives: Egypt’s ICT 2030 strategy focuses on infrastructure development, technology parks, and building digital capacities, driving the ICT sector’s expansion.
- Digital Egypt vision: The Digital Egypt initiative is transforming the public sector by digitizing services and creating a data-driven governance ecosystem.
- Strategic partnerships: Telecom Egypt’s collaboration with ICANN to introduce the Managed Root Server in the country reflects ongoing efforts to enhance internet flexibility and reduce reliance on external networks.
Get Analysis on Important Geographic Markets
Download PDF
