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Middle East and Africa ICT Market Report and Forecast 2025-2034

Published May 29, 2025
Length 115 Pages
SKU # EMAR20078859

Description

The Middle East and Africa ICT market attained a value of around USD 227.75 Billion in 2024. It is projected to grow at a CAGR of 10.70% during 2025-2034 to reach nearly USD 629.41 Billion by 2034.

Middle East and Africa ICT Market Growth

In 2021, the Dubai government launched the Smart City Strategy, under which it aims to leverage critical ICT technologies to connect critical public infrastructure and resources while boosting collaborative action on infrastructure development through connected planning. It also plans to provide government services digitally, prevent the pollution of natural resources, and digitalise educational, healthcare, social, and cultural experiences for the public at large.

The thriving tourism industry of the UAE, which is estimated to contribute AED 450 billion to the national GDP by 2031 and receive 40 million hotel guests, is expected to benefit from the adoption of the metaverse to give tourists a grand vacation experience. This indicates the huge potential for ICT in the country.

In 2023, the International Telecommunications Union ranked Saudi Arabia in the second position (only after the United States) with a score of 96.6 points in the ICT Development Index. This index assesses the quality of ICT infrastructure and the extent of secure internet coverage in the country (99%), whose success was largely driven by the introduction of the National Strategy of Digital Transformation in 2016. Saudi Arabia has emerged as the fastest-growing market for information and communication technologies in the Middle East and Africa. With increasing government investments in the digital economy, the country is assessed to grow at a CAGR of 13.9% over 2025-2034.

Middle East and Africa ICT Industry Segmentation

Middle East and Africa ICT Market Report and Forecast 2025-2034 provides an in-depth analysis of the different market segments mentioned below:

Market Breakup by Type

Hardware _x000D_ _x000D_ Network Switches _x000D_ Routers and WLAN _x000D_ Servers and Storage _x000D_ Others _x000D_ _x000D_
Hardware _x000D_ _x000D_ Network Switches _x000D_ Routers and WLAN _x000D_ Servers and Storage _x000D_ Others _x000D_ _x000D_
Software
IT and Infrastructure Services
Telecommunication Services
Software
IT and Infrastructure Services
Telecommunication Services

Market Breakup by Enterprise Size

Small and Medium Enterprises
Large Enterprises

Market Breakup by Industry Vertical

BFSI
IT and Telecom
Government
Retail and E-Commerce
Manufacturing
Energy and Utilities
Others

Market Breakup by Country

Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others

Middle East and Africa ICT Market Share

Based on industry vertical, the market is divided into manufacturing, energy and utilities, IT and telecom, government, BFSI, and retail and e-commerce, among others. Over the forecast period, the retail and e-commerce sector is projected to grow at a CAGR of 11.4% due to rising internet accessibility and smartphone penetration rates.

Leading Companies in the Middle East and Africa ICT Market


Key players are extensively investing in developing countries in the region to enable small and medium enterprises to undergo a digital transformation and equip the youth with essential skills in AI and other technologies.

IBM Corp.
Microsoft Corp.
Cisco Systems Inc.
Amazon.com Inc. (Amazon Web Services, Inc.)
Oracle Corp.
Palo Alto Networks Inc.
Accenture Plc
Dell Inc.
HP Inc.
Trend Micro Inc.
Saudi Telecom Company SJSC
Others

Table of Contents

115 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global ICT Market Overview
5.1 Key Industry Highlights
5.2 Global ICT Historical Market (2018-2024)
5.3 Global ICT Market Forecast (2025-2034)
5.4 Global ICT Market Share by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 Middle East and Africa ICT Market Overview
6.1 Key Industry Highlights
6.2 Middle East and Africa ICT Historical Market (2018-2024)
6.3 Middle East and Africa ICT Market Forecast (2025-2034)
7 Middle East and Africa ICT Market by Type
7.1 Hardware
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.1.3 Breakup by Type
7.1.3.1 Network Switches
7.1.3.2 Routers and WLAN
7.1.3.3 Servers and Storage
7.1.3.4 Others
7.2 Software
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 IT and Infrastructure Services
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Telecommunication Services
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
8 Middle East and Africa ICT Market by Enterprise Size
8.1 Small and Medium Enterprises
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Large Enterprises
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 Middle East and Africa ICT Market by Industry Vertical
9.1 BFSI
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 IT and Telecom
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Government
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Retail and E-Commerce
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
9.5 Manufacturing
9.5.1 Historical Trend (2018-2024)
9.5.2 Forecast Trend (2025-2034)
9.6 Energy and Utilities
9.6.1 Historical Trend (2018-2024)
9.6.2 Forecast Trend (2025-2034)
9.7 Others
10 Middle East and Africa ICT Market by Country
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators of Demand
11.4 Key Indicators of Price
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
12.5.1 IBM Corp.
12.5.1.1 Company Overview
12.5.1.2 Product Portfolio
12.5.1.3 Demographic Reach and Achievements
12.5.1.4 Certifications
12.5.2 Microsoft Corp.
12.5.2.1 Company Overview
12.5.2.2 Product Portfolio
12.5.2.3 Demographic Reach and Achievements
12.5.2.4 Certifications
12.5.3 Cisco Systems Inc.
12.5.3.1 Company Overview
12.5.3.2 Product Portfolio
12.5.3.3 Demographic Reach and Achievements
12.5.3.4 Certifications
12.5.4 Amazon.com Inc. (Amazon Web Services, Inc.)
12.5.4.1 Company Overview
12.5.4.2 Product Portfolio
12.5.4.3 Demographic Reach and Achievements
12.5.4.4 Certifications
12.5.5 Oracle Corp.
12.5.5.1 Company Overview
12.5.5.2 Product Portfolio
12.5.5.3 Demographic Reach and Achievements
12.5.5.4 Certifications
12.5.6 Palo Alto Networks Inc.
12.5.6.1 Company Overview
12.5.6.2 Product Portfolio
12.5.6.3 Demographic Reach and Achievements
12.5.6.4 Certifications
12.5.7 Accenture Plc
12.5.7.1 Company Overview
12.5.7.2 Product Portfolio
12.5.7.3 Demographic Reach and Achievements
12.5.7.4 Certifications
12.5.8 Dell Inc.
12.5.8.1 Company Overview
12.5.8.2 Product Portfolio
12.5.8.3 Demographic Reach and Achievements
12.5.8.4 Certifications
12.5.9 HP Inc.
12.5.9.1 Company Overview
12.5.9.2 Product Portfolio
12.5.9.3 Demographic Reach and Achievements
12.5.9.4 Certifications
12.5.10 Trend Micro Inc.
12.5.10.1 Company Overview
12.5.10.2 Product Portfolio
12.5.10.3 Demographic Reach and Achievements
12.5.10.4 Certifications
12.5.11 Saudi Telecom Company SJSC
12.5.11.1 Company Overview
12.5.11.2 Product Portfolio
12.5.11.3 Demographic Reach and Achievements
12.5.11.4 Certifications
12.5.12 Others
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