How big is the UAE ICT Market?

The UAE ICT Market size is expected to reach USD 47.36 billion in 2024 and grow at a CAGR of 10.29% to reach USD 77.28 billion by 2029. Read More

What is the current UAE ICT Market size?

In 2024, the UAE ICT Market size is expected to reach USD 47.36 billion. Read More

Who are the key players in UAE ICT Market?

Oracle Corporation, SAP AG, Microsoft Corporation, Salesforce and IBM Corp. are the major companies operating in the UAE ICT Market. Read More

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

In 2023, the UAE ICT Market size was estimated at USD 42.49 billion. The report covers the UAE ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UAE ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key growth drivers in the UAE ICT Market?

The key growth drivers in the UAE ICT Market are a) Focus on digital transformation b) Government initiatives c) Rising internet penetration Read More

How can companies compete with established players in the UAE ICT Market?

Companies can compete with established players in the UAE ICT Market through a) Focusing on innovation b) Niche solutions c) Value-added services Read More

What are the key growth drivers in the UAE ICT Market?

The key growth drivers in the UAE ICT Market are a) Focus on digital transformation b) Government initiatives c) Rising internet penetration Read More

UAE ICT Market Report | Industry Analysis, Size & Growth Trends

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

The UAE ICT Market Report is Segmented by Type (Hardware, Software, IT Service, and Telecommunication Services), Size of Enterprise (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 (USD) for all the Above Segments.

UAE ICT Industry Overview

The UAE ICT market is highly competitive as both global and local players dominate it. Government backing and the launch of advanced projects like AI, smart cities, and IoT are set to elevate market competitiveness. Some of the key market players are Oracle Corporation, SAP AG, Microsoft Corporation, Salesforce, and IBM Corp.

March 2024: The United Arab Emirates (UAE) and Kenya formalized a memorandum of understanding (MOU) to establish a robust framework for collaboration in digitalization and technology investments. Under the five-year MOU with provisions for renewal, Kenya and the United Arab Emirates pledged to strengthen their ties. Their focus would be on fostering Information Communication Technology (ICT) investment partnerships and advancing digital infrastructure projects.
March 2024: Coupa, an AI-driven platform facilitating smarter operations and accelerated growth, unveiled its inaugural data center in the Middle East. The center, set to be inaugurated in partnership with the Amazon Web Services (AWS) team, would be located in Dubai. The establishment of the new data center underscores Coupa's dedication to bolstering its presence in the region, fostering growth, and ensuring superior service and data security for its clients in the United Arab Emirates and the wider Middle East.