UAE It Services Market Size & Outlook, 2023-2030
UAE it services market, 2017-2030 (US$M)
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UAE it services market highlights
- The UAE it services market generated a revenue of USD 38,902.1 million in 2023 and is expected to reach USD 73,492.8 million by 2030.
- The UAE market is expected to grow at a CAGR of 9.5% 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.
It services market data book summary
| Market revenue in 2023 | USD 38,902.1 million |
| Market revenue in 2030 | USD 73,492.8 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UAE accounted for 2.9% of the global it services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia it services market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 81,913.4 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 54.16% in 2023. Horizon Databook has segmented the UAE it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
The government of the UAE gives technical innovation a top priority. UAE is a hub for ICT reexports, and most items that enter its boundaries are later moved to other countries. The IT industry in the UAE is quite competitive, and investors must pay one-time fees even if they encounter few or no obstacles when they first enter the market. Internet, software, multimedia, telecommunications, and IT services are the main focus areas in Dubai's Internet City.
Software providers focus mostly on expanding the market and introducing fresh approaches. Hyperscalers, including Microsoft, Alibaba, Oracle, and Google Cloud, have all established particular cloud data centers in the Middle East region in recent years. For instance, in June 2021, Amazon Web Services (AWS) announced that it intends to build a cloud data center in UAE in 2022.
For local businesses, the importance of such initiatives is unavoidable. The center of the IT infrastructure of the banking, energy, transportation, and healthcare sectors is the data center. Industries rely on the speedy and secure applications that today's data centers can provide. Storage providers like AWS try to simplify leasing as much as possible by offering a range of capacity and price options.
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Target buyers of UAE 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 country-level data and insights on the UAE it services market , including forecasts for subscribers. This country databook contains high-level insights into UAE it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UAE it services market size, by approach, 2017-2030 (US$M)
UAE IT Services Market Outlook Share, 2023 & 2030 (US$M)
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