GCC Digital Transformation Market Overview and Insights:
According to Markntel Advisors Report, GCC Digital Transformation Market size is estimated to grow at a CAGR of around 25.7% during the forecast period, i.e., 2024-30. The market growth imputes to the economic diversification efforts, national visions & modernization strategies, growing e-government initiatives, increasing FinTech, etc.
GCC Digital Transformation Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Industry Growth Driver:
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.
What is Included in GCC Digital Transformation Market Segmentation?
The report has segmented the market into the following categories:
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)
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)
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. They are introducing frameworks and regulations that facilitate the adoption of new technologies while ensuring data security and compliance. For instance, in 2023, the UAE central bank announced a new plan “The Financial Infrastructure Transformation”, to accelerate digital transformation in the financial services sector. These types of initiatives in the sector are resulting in an increased market share.
By Function
– Finance & Control
– Marketing & Sales
– Human Resource Management
– Production
– Operations & Logistics
– Customer Service & Support
– Others
By Country
– The UAE
– Saudi Arabia
– Qatar
– Kuwait
– Oman
– Bahrain
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Who are the Key Players Operating in the GCC Digital Transformation Industry?
The top companies of the GCC Digital Transformation market ruling the industry are:
- Accenture
- Adobe
- Broadcom Technical Concepts LLC
- Cisco Systems, Inc.
- Google Inc.
- Happiest Minds
- Hewlett Packard Enterprise Development LP
- Microsoft Corporation
- Salesforce, Inc.
- SAP SE
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the GCC Digital Transformation Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the GCC Digital Transformation industry?
- Which is the Leading segment in the market?
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