Overview of the GCC Digital Transformation Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “GCC Digital Transformation Market By Technology (Artificial Intelligence, Cloud Computing, Internet of Things, Blockchain, Cybersecurity, Others), By Deployment (On-Premise, Cloud), By Services (Consulting Services, Planning & Designing, Engineering & Re-Engineering Services, Network & Infrastructure Management, Application Development, Others), By Enterprise Size (Small and Medium, Large), By End User (Banking, Financial Services and Insurance [BFSI], Healthcare, Retail, Government Sector, Energy, Telecommunication, Manufacturing, Others), By Function (Finance & Control, Marketing & Sales, Human Resource Management, Production, Operations & Logistics, Customer Service & Support, Others), The 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 report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
GCC Digital Transformation Market Growth and Scope:
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 25.7%
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GCC Digital Transformation Market Opportunity:
Burgeoning Demand for the Personalized Digital Transformation from the Residential Sector – In recent years, rising demand for digital solutions, and smart home ecosystems with the integration of the Internet of Things presented a significant opportunity for the digital transformation applications providers in the market. Residents of the GCC region seeking digital solutions for personalized consultations to convert their homes into smart homes by deploying technologies such as smart lighting systems, smart thermostats to adjust temperature, voice assistants, and others.
The GCC region focuses on sustainability and energy efficiency which requires the installation of tailored solutions such as smart HVAC systems and remote light controlling solutions, etc. Moreover, the cost savings, increased energy efficiency, and improved security advantages of smart home systems would accelerate the adoption of these technologies which is further expected to augment the GCC Transformation Market in the forthcoming years.
A Comprehensive Analysis of Leading Companies of GCC Digital Transformation Market by MarkNtel Advisors:
- Accenture
- Adobe
- Broadcom Technical Concepts LLC
- Cisco Systems, Inc.
- Google Inc.
- Happiest Minds
- Hewlett Packard Enterprise Development LP
- Microsoft Corporation
- Salesforce, Inc.
- SAP SE
- Others
Key GCC Digital Transformation Market Segmentation:
-By Technology
- Artificial Intelligence
- Cloud Computing
- Internet of Things
- Blockchain
- Cybersecurity
- Others (Robotics, Extended Reality, etc.)
Based on the technology, artificial intelligence is gaining a notable share in the market. The rising internet connectivity along with the increasing penetration of IoT-based smart devices is primarily driving the adoption of artificial intelligence.
-By End User
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Retail
- Government Sector
- Energy
- Telecommunication
- Manufacturing
- Others (Education, Transportation, etc.)
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.
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/gcc-digital-transformation-market.html
-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 Function
- Finance & Control
- Marketing & Sales
- Human Resource Management
- Production
- Operations & Logistics
- Customer Service & Support
- Others
Geographical Analysis
-By Country
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
The UAE is anticipated to hold the major market share in the upcoming years due to the implementation of various digital technology adoption policies, various guide programs to promote the adoption of artificial intelligence and upgradation of existing digital technologies.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
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About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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