Abstract:
The Middle East Digital Transformation market is expected to grow from USD 1.48 billion in 2024 to USD 2.58 billion by 2029, driven by government initiatives, a young tech-savvy population, and efforts to diversify economies. This growth is fueled by the adoption of emerging technologies such as AI, IoT, and 5G.
Key Highlights:
Strong Growth Forecast: The market will grow at a CAGR of 11.80%, reaching USD 2.58 billion by 2029.
Government Initiatives: Nations like Saudi Arabia and the UAE are leading digital transformation through strategic plans and technology integration.
IoT & Smart Cities: IoT adoption in smart cities like Dubai and Abu Dhabi will drive public service improvements and urban innovation.
Economic Diversification: Countries are shifting from oil dependency, focusing on sectors like healthcare, manufacturing, and education.
Saudi Arabia’s Vision 2030: Saudi Arabia is advancing digital projects like NEOM, with AI, 5G, and smart technologies at the core.
Sector-Wide Transformation: Industries including manufacturing and healthcare are adopting digital technologies to boost efficiency and innovation.