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

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