Middle East & Africa It Services Market Size & Outlook
Middle East & Africa it services market, 2017-2030 (US$M)
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MEA it services market highlights
- The MEA it services market generated a revenue of USD 119,882.1 million in 2023.
- The market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 119,882.1 million |
| Market revenue in 2030 | USD 237,972.0 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.8% of the global it services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 763,421.5 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa it services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 53.49% in 2023. Horizon Databook has segmented the Middle East & Africa it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East and Africa region has experienced massive digital transformation, which has increased the cyber-attack surface. Many IT service firms aim to secure the digital ambitions of the region's individuals, organizations, communities, and economies.
They also collaborate closely across the public and private sectors to bridge the cybersecurity skills gap and transfer regional knowledge and expertise. For instance, in December 2022, Trend Micro Incorporated, a multinational American Japanese cyber security software company, opened its Middle East and Africa office in Riyadh, Saudi Arabia.
The new headquarters will enhance partnerships with private and government organizations, facilitate the region's cybersecurity ecosystem, and ramp up the transition to a secure digital future, per the Kingdom's Vision 2030 and the region's digital visions.
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Target buyers of Middle East & Africa it services market databook
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Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa it services market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA it services market size, by country, 2017-2030 (US$M)
Middle East & Africa IT Services Market Outlook Share, 2023 & 2030 (US$M)
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