DUBLIN–(BUSINESS WIRE)–The “UAE IT Service Market Outlook to 2027” report has been added to ResearchAndMarkets.com’s offering.
The UAE has been rapidly growing as a technology hub in the Middle East, driven by the government’s push for digital transformation and innovation. The UAE government has been actively promoting digital transformation across various sectors, including government services, healthcare, education, and finance. This has led to a high demand for IT services to implement and manage digital initiatives. The UAE has been fostering a startup-friendly ecosystem, with initiatives like free economic zones and accelerators. This has attracted tech startups and entrepreneurs, increasing the demand for IT services such as app development, cloud computing, and digital marketing.
With the complexities of modern technology, many businesses in the UAE are looking to IT consulting firms to guide them in making strategic technology decisions. Additionally, outsourcing IT services is common to focus on core business activities. The diverse nature of the UAE economy, spanning sectors like finance, healthcare, tourism, and technology, has likely contributed to the demand for various IT services. Moreover, the UAE’s strategic geographic location and its role as a business hub have attracted tech companies and entrepreneurs, leading to the expansion of the IT industry.
UAE IT Service Market Analysis
- The UAE government initiated the National Innovation Strategy, which includes the implementation of regulations like the UAE’s National Cyber Security Strategy, Dubai’s cyber security strategy, FedNet, the UAE Pass app, and other related measures.
- Funds directed towards initiatives like the Dubai Smart City project. Approximately 70% of the UAE’s GDP comes from sectors other than oil. The UAE presents appealing prospects for both Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII).
- Encouraging digital literacy and workforce enhancement, exemplified by initiatives like the One Million Arab Coders program. UAE inhabitants have displayed significant technology integration, with ~90% of the population possessing fundamental ICT skills.
- Fostering innovation hubs such as Dubai Future Foundation. ICT infrastructure, including high-speed internet connectivity, data centers. Abu Dhabi is ranked 28th in smart cities globally.
- Implementing legislation and regulations focused on cybersecurity, safeguarding intellectual property rights. The introduction of laws such as the Data Protection Law, Internet Access Management policy, and Information Assurance Regulation, among others.
Future Outlook:
The UAE has strategic intentions to expand its investments in data centers, with plans to allocate up to AED ~4 billion by 2026 for this purpose. The IT sector is poised to experience substantial benefits from Etisalat’s ambitious initiatives, including the implementation of 6G technology and the enhancement of its Research and Development (R&D) center in the UAE.
AI and automation technologies are increasingly being adopted across diverse sectors in the UAE, encompassing education, healthcare, and banking. While Cloud Operators predominantly serve global clientele, robust government backing, growing awareness, and a surge in data will generate increased demand for cloud services within the domestic market.
The escalating need for dependable, effective, and adaptable Data Center infrastructure among service operators, coupled with the government’s diverse ICT initiatives, is anticipated to exert a positive impact on its expansion across all emirates in the UAE.
The rise in demand for dependable, efficient, and adaptable Data Center infrastructure among service operators, combined with the government’s diverse ICT initiatives, is projected to shape its growth across all emirates in the UAE.
Key Topics Covered:
1. Executive Summary and Approach
2. External Market Assessment
2.1 Country Overview
2.2 Population Demographics of UAE
2.3 Economic Overview of UAE
2.4 Business Scenario in UAE
2.5 SMEs in UAE
2.6 Foreign Direct Investment across sectors in UAE
2.7 Digital Lifestyle in UAE
3. Market Overview of UAE IT Service Market
3.1 UAE IT Service Market Supply Side Ecosystem
3.2 UAE IT Service Market Demand Side Ecosystem
4. Trend Analysis of UAE IT Service Market
4.1 Adoption of Various Technologies across the world
4.2 Global Trends in Cloud Service Market
4.3 Digital adoption across various industries in UAE and KSA
4.4 Middle East Trends in IT Services Market
4.5 Trends in UAE IT Service Market
4.6 Middle East IT Indicators
4.7 Telecom Sector – Subscription & Internet User Indications, 2021
4.8 Broadband Speed: Country Ranking and Speed Values (as of April 2023)
4.9 Policy & Regulatory Bodies: Arab Markets
4.10 Network Readiness Index Score, 2022
4.11 Business Usage Indicators Score, 2022
4.12 Government Usage Indicators, 2022
5. Market Size and Segmentation of UAE IT Service Market
5.1 UAE IT Service Market Size, 2017-2022
5.2 Segmentation of IT Services Market by Types of Services, 2022
5.2 Segmentation of IT Services Market by End- Users, 2022
5.3 Cross Comparison between the End Users in UAE IT Services Market
5.4 Segmentation of Cloud Service Market By Types of Services, 2022
5.5 Segmentation of Cloud Services Market by Types of Clients, 2022
5.6 Segmentation of Data Centre Market by Types of Data Centre, 2022
5.7 Segmentation of Data Centre Market by Types of Clients, 2022
5.8 Snapshot on KSA IT Services Market
6. Industry Analysis of UAE IT Service Market
7. Pricing Analysis of UAE IT Service Market
8. Future market Outlook for UAE IT Service Market, 2022-2027
8.1 UAE IT Service Future Market Size, 2022-2027
8.2 Future Segmentation of IT Services Market by Types of Services, 2027
8.3 Future Segmentation of IT Services Market by End- Users, 2027
8.4 Future Segmentation of Cloud Service Market by Type of Cloud Services and By Type of Clients, 2027
8.5 Future Segmentation of Data Centers by Type of Data Centers and By Type of Clients, 2027
9. Competition Framework in UAE IT Service Market
9.1 Cross Comparison of Major Companies in UAE IT Service Market
9.1 Business Strategy and Operating Model
9.2 End- User Analysis of UAE IT Service Market
9.3 Factors affecting the demand for IT Industry
9.4 Industry Wise End-User Analysis
9.5 Total Addressable Market
9.6 Organization Structure for Ankabut
9.7 Current Organization Structure of Ankabut
9.8 New Organization Structure
9.9 Key Result Area
9.10 Changed Management Strategy
9.11 Risks in Implementing New Organization Structure
10. Analyst Recommendations
A selection of companies mentioned in this report includes
- AWS
- G42
- Moro
- Oracle
- Alibaba
- Microsoft
- Etisalat
For more information about this report visit https://www.researchandmarkets.com/r/qay2us
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