Market Share of Middle East Digital Transformation Industry
The Middle Eastern digital transformation market is highly fragmented due to the presence of many players. Several key players are constantly striving to make advancements. A few prominent companies enter collaborations and expand their footprints in developing regions to consolidate their positions. IBM Corporation, Microsoft Corporation, Alareeb, and others are some of the major players in the market.
- In April 2024, Informatica, a player in enterprise cloud data management, unveiled its AI-driven Intelligent Data Management Cloud (IDMC) in Saudi Arabia, marking a significant milestone for the nation. This strategic move involved the establishment of a new Point of Delivery (PoD) in Riyadh, showcasing Informatica's dedication to bolstering local, scalable, cloud-centric data management services. The initiative aligns closely with the Saudi government's Vision 2030, aimed at digitally transforming all sectors of the economy.
- In February 2024, STC Group, a prominent digital facilitator in the MENA region based in Saudi Arabia, recently inked a memorandum of understanding (MoU) with iBASIS. iBASIS, known for its communication solutions, catered to operators and digital entities on a global scale. The agreement, formalized at the Capacity Middle East event in Dubai last week, is laser-focused on enhancing the regional communication landscape through IoT technology.
Middle East Digital Transformation Market Leaders
-
Cisco Systems, Inc.
-
IBM Corporation
-
Microsoft Corporation
-
techcarrot FZ LLC
-
Alareeb ICT
*Disclaimer: Major Players sorted in no particular order
