MarkNtel Advisors recently published a detailed industry analysis of the GCC Digital Transformation Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
GCC Digital Transformation Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The GCC Digital Transformation Market size is estimated to grow at a CAGR of around 25.7% during the forecast period, i.e., 2024-30.
Key Findings in GCC Digital Transformation Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players- Accenture, Adobe, Broadcom Technical Concepts LLC, Cisco Systems, Inc., Google Inc., Happiest Minds, Hewlett Packard Enterprise Development LP, Microsoft Corporation, Salesforce, Inc., SAP SE, Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the GCC Digital Transformation industry?
Surging Medical Tourism Fostering the Digital Transformation in the Healthcare Industry – GCC countries such as the UAE, Oman, Bahrain, etc., have witnessed surging growth in world-class healthcare systems and facilities in recent years, owing to the country’s transformations towards a prime destination for medical tourism and initiatives to enhance public healthcare to a universal level. The governments in the region have been proactively trying to move away from their economic dependence on oil and the finite hydrocarbon industries and to develop more sustainable industries.
Consolidating these aims in their development strategies such as Qatar National Vision 2030, and Vision 2030 the government has been increasingly investing in digital health infrastructure to support the growth of world-class healthcare facilities. This includes electronic health records, telemedicine platforms, and health information exchange systems, contributing to the digital transformation of the healthcare sector. These investments have boosted the GCC Digital Transformation Market in the past years and expected to continue follow same pattern in the coming years as well.
Moreover, gulf countries such as Oman, the UAE, etc., heavily invest in specialized medical centers and clinics focusing on various medical specialties, including advanced treatments in areas such as cardiology, oncology, orthopedics, and cosmetic surgery. For instance, in 2023 Asan Medical Center announced plans to establish a 65-bed gastrointestinal specialized hospital in Dubai Healthcare City in Dubai by 2026. This specialization could attract patients seeking specific medical expertise in the coming years. As more specialized hospitals are established in the forecast period there will be an increased digital transformation in the healthcare sector.
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What segments define the GCC Digital Transformation Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Technology
- Artificial Intelligence- Market Size & Forecast 2019-2030, (USD Million)
- Cloud Computing- Market Size & Forecast 2019-2030, (USD Million)
- Internet of Things – Market Size & Forecast 2019-2030, (USD Million)
- Blockchain- Market Size & Forecast 2019-2030, (USD Million)
- Cybersecurity- Market Size & Forecast 2019-2030, (USD Million)
- Others (Robotics, Extended Reality, etc.) – Market Size & Forecast 2019-2030, (USD Million)
According to report, Based on the technology, artificial intelligence is gaining a notable share in the market.
By Deployment
- On-Premise- Market Size & Forecast 2019-2030, (USD Million)
- Cloud- Market Size & Forecast 2019-2030, (USD Million)
By Services
- Consulting Services
- Planning & Designing
- Engineering & Re-Engineering Services
- Network & Infrastructure Management
- Application Development
- Others
By Enterprise Size
- Small and Medium- Market Size & Forecast 2019-2030, (USD Million)
- Large- Market Size & Forecast 2019-2030, (USD Million)
By End User
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare- Market Size & Forecast 2019-2030, (USD Million)
- Retail – Market Size & Forecast 2019-2030, (USD Million)
- Government Sector- Market Size & Forecast 2019-2030, (USD Million)
- Energy – Market Size & Forecast 2019-2030, (USD Million)
- Telecommunication- Market Size & Forecast 2019-2030, (USD Million)
- Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
- Others (Education, Transportation, etc.) – Market Size & Forecast 2019-2030, (USD Million)
According to report, Banking, financial services and insurance (BFSI) have been gaining a notable market share in the market in recent years, owing to the increasing consumer expectations, regulatory support, rise of FinTech start-ups, cybersecurity concerns, and increased demand for remote banking. Regulatory bodies in the Gulf are recognizing the importance of digital transformation in the BFSI sector.
By Function
- Finance & Control
- Marketing & Sales
- Human Resource Management
- Production
- Operations & Logistics
- Customer Service & Support
- Others
Explore the Complete GCC Digital Transformation Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-digital-transformation-market.html
Geographical Analysis: GCC Digital Transformation Market
By Country
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
GCC Digital Transformation Industry Recent Development:
- In 2023, the UAE launched a guide for government entities to adopting artificial intelligence technology in their sectors such as transport, education, etc. to keep updated with the latest digital advancements.
- In 2023, Tonomus partnered with Nvidia and Oracle to increase the adoption of artificial intelligence technologies across the NEOM and Saudi Arabia.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the GCC Digital Transformation Market?
- How is the GCC Digital Transformation Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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