openPR Logo
Press release

Digital Transformation Market Growth in MENA

04-08-2016 12:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: FMI Research

Future Market Insights (FMI), with sharp focus on emerging regions, delivers key insights on the Middle East and North Africa (MENA) digital transformation market in its recent report titled “Digital Transformation Market: MENA Industry Analysis and Opportunity Assessment 2014 - 2020”. The MENA IT market is anticipated to grow at a single-digit CAGR during the forecast period. In contrast, the MENA digital transformation market is expected to expand at a CAGR of 15.1% from 2014 to 2020. The contribution of the MENA digital transformation market to the overall MENA IT market is likely to increase from 10% to 16% by 2020, witnessing an increase of 600 BPS.

Growth of the MENA digital transformation market is mainly driven by increasing need for enhanced customer experience at all levels of customer interaction points and improvised process transparency in enterprises across the countries in this region. Moreover, countries such as the UAE, Saudi Arabia and Lebanon are increasingly introducing e-Government and smart city initiatives, with the objective to transform themselves into digitally-enabled countries. This is further supporting growth of the MENA digital transformation market.

Summing up drivers behind growth of the market, FMI analyst Vineet Kumar sheds light on why digital transformation will become mainstream technology in MENA in the near future. “Digital transformation across all verticals has become increasingly relevant due to increasing emphasis on enterprise mobility and smart technology enablement. Furthermore, digital transformation technologies are transforming organization’s business models, value chains, ecosystem as well as revolutionizing interactions with customer through online platforms, social media and mobile devices”, he said.

This report covers two types of digital transformation offering, namely digital services and digital software. Digital services accounted for over half of the MENA digital transformation market share in 2014; however, this is expected to decrease by 70 BPS by 2020.

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-ma-39

“Growing Internet penetration and social media usage in the Middle East and North Africa is expected to drive the demand for digitalization of software and services at a double digit CAGR between 2014 and 2020”, Vineet Kumar said while commenting on the increasing deployment of advanced technologies in small/medium sized businesses across MENA region.

This report also covers the 10 types of end-user verticals in the MENA digital transformation market. Among the end-user verticals, banking, financial services and insurance (BFSI) and public sectors dominated with over 40% share of the MENA digital transformation market in 2013. Service, retail, energy and utility sectors are the other major sub-segments among the end-user verticals. However, the media & entertainment sector is anticipated to exhibit the fastest CAGR of 17.2% during the forecast period, followed by the retail sector. This growth is attributed to the shift from print to digital media, increasing penetration of smartphones and changing consumer buying habits.

Ongoing infrastructural modernisation across major GCC and North African countries in MENA region in terms of digitisation is increasing the acceptance of digital software and digital services; not only by large- and medium-, but also by small-sized enterprises. Currently, Saudi Arabia is dominating the market with over 30% share of the overall MENA digital transformation market, followed by the UAE and Algeria, which account for over 10% share each. However, among all the GCC countries, the digital transformation market in Qatar is expected to grow at a significant double-digital CAGR over the forecast period.

Browse Full "MENA Digital Transformation Market Analysis and Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/mena-digital-transformation-market

Key players in the MENA digital transformation market continue to innovate by including advanced features into digital technology solutions. Additionally, major participants such as IBM, Accenture and Deloitte have been focusing on mergers and acquisitions at a global level in order to expand their geographical presence and enhance customer base.

Advanced technology adoption, changing consumer buying pattern and product innovation are some of the trends in MENA region. Presence of cloud computing, big data analytics and enterprise mobility is gradually gaining traction in MENA region.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Digital Transformation Market Growth in MENA here

News-ID: 331227 • Views: 506

More Releases from FMI Research

Model Based Manufacturing Technologies Market Key Growth Factors and Industry An …
There is a tectonic shift in the global manufacturing vertical, which is rapidly transforming the existing production lines as well as adding more dynamism to them. The trend of data exchange and automation in manufacturing technologies has led to the rise of Industry 4.0, more popularly known as smart factories. Modern day factories follow certain models that allow more efficient, systematic and cost-effective manufacturing. In order to stay competitive, manufacturers
Wearable Fitness Trackers Market Trends and Segments 2017-2025
Global wearable fitness trackers market is expected to witness significant growth during the forecast period. This growth is attributed to increasing number of corporate players in the market. The market is also increasing due to adoption of new technologies such as CGM (Constant Glucose Monitoring), which is gaining the customer’s interest in wearable fitness trackers. “Wearable Fitness Trackers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” is the newly published report by Future
Public Cloud Application Services Market: 2016 Global Manufacturers Analysis wit …
The public cloud application infrastructure service market is gaining huge popularity throughout the world. This is evident due to the recent shift in enterprise business models that have now adopted cloud based services to revolutionize the concept of flexibility of infrastructure. Cloud computing is making rapid inroads and majority of companies are adopting the cloud model. This is because of the various advantages that the cloud model brings such as
Healthcare Revenue Cycle Management Software Market Key Growth Factors and Indus …
The adoption of revenue cycle management software and services in healthcare settings is driven by the need to increase net patient revenue, improve payment collection & billing efficiency, and recognise cash flow opportunities. From hospitals to independent physician clinics, the stress of enhancing the quality of patient care is increasing in parallel to the declining reimbursements and increasing risk-margin burdens. Since maximising the revenue cycle efficiency is a key focus

All 5 Releases


More Releases for MENA

Chain Reaction Takes All In MENA Search Awards 2018
Chain Reaction, a performance marketing company that is currently based in Dubai, spectacularly won seven awards in the MENA Search Awards 2018 making it the most awarded company in the ceremony. On the 20th of September, the MENA Search Awards 2018 ceremony was held at the Madinat Jumeirah Conference Center in Dubai. During the ceremony, Chain Reaction won seven awards becoming the most awarded company at the MENA Search Awards 2018
SUSE and StarLink Sign Distribution Agreement for MENA Region
Dubai, United Arab Emirates – April 30, 2018 – SUSE, a pioneer in enterprise open source software, today announced that it has signed a distribution agreement with StarLink, for the Middle East & North Africa (MENA) region. The partnership will allow SUSE to continue expanding their footprint in the region by leveraging StarLink’s capabilities, channel community and customer base. For StarLink, SUSE Software Defined Infrastructure (SDI) solutions complement and strengthen
MENA CLOUD ALLIANCE PIONEERS FOUNDATIONS FOR DIGITAL TRANSFORMATION
Dubai, 10 July 2017: The MENA Cloud Alliance, the region’s first industry association focused on cloud computing adoption, is breaking new ground in monitoring, identifying and resolving issues around cloud adoption regionally. The Alliance, which has a growing membership, provides a neutral platform to address opportunities and issues in the region. It provides a forum to generate dialogue, accelerate cloud computing and develop its impact on MENA’s digital economies. This
POU Water Purifiers Market MENA Industry Analysis and Opportunity Assessment
This Future Market Insights report examines the ‘POU Water Purifier Market’ in Middle East and North Africa region for the period 2014–2020. The primary objective of the report is to offer key insights about water purifier market in MENA to current market participants or new entrant’s participants across the value chain.  Request For Sample Report : http://www.mrrse.com/sample/271 Report includes study of the three key technologies of water purification i.e. Reverse Osmosis (RO),  Ultra
Getmo Arabia rebrands to Mondia Media MENA
Hamburg/Dubai, 2nd September 2013 – Middle East and North African region leading digital entertainment provider Getmo Arabia has renamed itself Mondia Media MENA as part of closer alignment with its parent company Mondia Media Group. Building on the experience of delivering cutting-edge digital content services directly to Middle Eastern consumers and through a variety of partnerships over the past four years, Mondia Media MENA will concentrate its product offerings and
Operators in MENA region ready for convergence
Orga Systems supports growth strategies Istanbul (Turkey) / Paderborn (Germany), 25th August 2009 - The Middle East region represents one of the world's fastest growing mobile subscription markets, even as the world economy struggles and slows, according to figures from Informa Telecoms & Media. As a consequence of its strategic business development activities in this region, Orga Systems continues to introduce its convergent product portfolio to leading operators. Operators need to position