Market Size of Morocco ICT Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 6.21 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Morocco ICT Market Analysis
The Morocco ICT Market is expected to register a CAGR of 6.21% during the forecast period.
- Digital technologies are transforming all sectors of the Moroccan economy, driven by increasing digital capabilities and universal connectivity. Building robust digital infrastructures is crucial for countries to advance their digital value chains.
- Morocco is also prioritizing the enhancement of its cybersecurity measures. This focus has intensified due to the escalating volume of sensitive data being handled by organizations, governments, and individuals, necessitating secure transmission and storage protocols. In 2023, Trend Micro Incorporated, a global cybersecurity company, announced that it detected and blocked 52 million threats targeting Morocco.
- Cloud-based communication tools, encompassing video conferencing platforms, messaging apps, and collaboration software, are reshaping communication for businesses and individuals. They provide the agility, scalability, and cost-efficiency crucial in modern work settings. This rising preference for cloud-based communication is propelling growth in both the cloud computing and software-as-a-service (SaaS) sectors of the ICT market in Morocco.
- The Moroccan government is nearing completion of its digital transformation strategy, "Maroc Digital 2030." This initiative targets the creation of 300,000 jobs in the digital sector by 2030, with the potential to boost the national GDP by up to MAD 170 billion (USD 16.9 billion). In addition, the strategy includes provisions to expand Internet and telephone services, especially in rural regions. The emphasis lies on deploying fiber optics and transitioning to 5G technology in the medium term.
- The National Telecommunications Regulatory Agency (ANRT) of Morocco planned to hold its 5G spectrum auction by late 2023 or early 2024. Telecom operators are already preparing by securing equipment contracts and gearing up for the impending auction. Moreover, a number of global technology firms are eyeing opportunities in Morocco's burgeoning 5G sector.
Morocco ICT Industry Segmentation
The Moroccan ICT market encompasses the integration and uptake of various information and communications technologies (ICT) in the country. These technologies include big data, mobility, storage, outsourcing, and cloud computing. The primary goal is to drive digitization and digital transformation. The market's focus is on tracking the revenue generated from the sale of these technology solutions.
The Moroccan ICT market is segmented by type (hardware, software, IT services, and telecommunication services), size of enterprises (small and medium enterprises and large enterprises), and industry vertical (BFSI, IT and telecom, government, retail and e-commerce, manufacturing, energy and utilities, and other industry verticals). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Type | |
| Hardware | |
| Software | |
| IT Services | |
| Telecommunication services |
| By Size of Enterprises | |
| Small and Medium Enterprises | |
| Large Enterprises |
| By Industry Vertical | |
| BFSI | |
| IT and Telecom | |
| Government | |
| Retail and E-commerce | |
| Manufacturing | |
| Energy and Utilities | |
| Other Industry Verticals |
Morocco ICT Market Size Summary
The Morocco ICT market is experiencing significant growth, driven by the rapid adoption of digital technologies across various sectors. The government's digital transformation strategy, "Maroc Digital 2030," aims to create a substantial number of jobs in the digital sector and boost the national economy. This initiative, along with the expansion of internet and telephone services, particularly in rural areas, is fostering the development of robust digital infrastructures. The focus on cybersecurity is also increasing, as organizations handle more sensitive data, necessitating secure transmission and storage solutions. The rise of cloud-based communication tools is reshaping how businesses and individuals interact, contributing to the growth of cloud computing and software-as-a-service sectors. Additionally, the impending rollout of 5G technology is set to further enhance connectivity and digital capabilities in the country.
The Moroccan ICT market is becoming increasingly competitive, with global technology companies expanding their presence to tap into the growing demand for advanced IT and telecom services. Initiatives like the introduction of the Mini Fiber To The Office solution and the expansion of AWS's cloud services are examples of efforts to enhance connectivity and provide robust communication capabilities. The market is also witnessing a surge in urbanization, leading to increased demand for services such as e-commerce and online banking. This urban growth is driving the adoption of smart city projects and government initiatives to improve digital access. As major players continue to invest in the region, Morocco is poised to become a key player in the digital landscape, with significant opportunities for innovation and growth in the ICT sector.
Morocco ICT Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Industry Attractiveness - Porter's Five Forces Analysis
-
1.2.1 Bargaining Power of Suppliers
-
1.2.2 Bargaining Power of Consumers
-
1.2.3 Threat of New Entrants
-
1.2.4 Threat of Substitute Products
-
1.2.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Hardware
-
2.1.2 Software
-
2.1.3 IT Services
-
2.1.4 Telecommunication services
-
-
2.2 By Size of Enterprises
-
2.2.1 Small and Medium Enterprises
-
2.2.2 Large Enterprises
-
-
2.3 By Industry Vertical
-
2.3.1 BFSI
-
2.3.2 IT and Telecom
-
2.3.3 Government
-
2.3.4 Retail and E-commerce
-
2.3.5 Manufacturing
-
2.3.6 Energy and Utilities
-
2.3.7 Other Industry Verticals
-
-
Morocco ICT Market Size FAQs
What is the current Morocco ICT Market size?
The Morocco ICT Market is projected to register a CAGR of 6.21% during the forecast period (2024-2029)
Who are the key players in Morocco ICT Market?
IBM Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services (AWS) and Salesforce, Inc. are the major companies operating in the Morocco ICT Market.
