MENA Digital Transformation Market Demand is Increasing Rapidly in Recent Years
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.
Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-ma-39
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.
“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.
Send An Enquiry: http://www.futuremarketinsights.com/askus/rep-ma-39
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.
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. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release MENA Digital Transformation Market Demand is Increasing Rapidly in Recent Years here
News-ID: 457260 • Views: 304
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
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
Digital Transformation Market Growth in MENA
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
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