Tech

GCC Digital Transformation Market Gears Up for a 25.7% CAGR Ride in 2024-30

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.

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Market Overview: GCC Digital Transformation Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on GCC Digital Transformation Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

GCC Digital Transformation Market Insights 2024-30

The GCC Digital Transformation Market is estimated to grow at a CAGR of around 25.7% during the forecast period 2024-30.

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Driving Innovation: Exploring the GCC Digital Transformation Market and its Key Drivers

GCC Digital Transformation Market Driver: Surging Medical Tourism Fostering the Digital Transformation in the Healthcare Industry

GCC countries such as the UAE, Oman, Bahrain, etc., have witnessed surging growth in world-class healthcare systems and facilities in recent years, owing to the country’s transformations towards a prime destination for medical tourism and initiatives to enhance public healthcare to a universal level. The governments in the region have been proactively trying to move away from their economic dependence on oil and the finite hydrocarbon industries and to develop more sustainable industries.

Consolidating these aims in their development strategies such as Qatar National Vision 2030, and Vision 2030 the government has been increasingly investing in digital health infrastructure to support the growth of world-class healthcare facilities. This includes electronic health records, telemedicine platforms, and health information exchange systems, contributing to the digital transformation of the healthcare sector. These investments have boosted the GCC Digital Transformation Market in the past years and expected to continue follow same pattern in the coming years as well.

Moreover, gulf countries such as Oman, the UAE, etc., heavily invest in specialized medical centers and clinics focusing on various medical specialties, including advanced treatments in areas such as cardiology, oncology, orthopedics, and cosmetic surgery. For instance, in 2023 Asan Medical Center announced plans to establish a 65-bed gastrointestinal specialized hospital in Dubai Healthcare City in Dubai by 2026. This specialization could attract patients seeking specific medical expertise in the coming years. As more specialized hospitals are established in the forecast period there will be an increased digital transformation in the healthcare sector.

Top Players in the GCC Digital Transformation Market:

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

Global GCC Digital Transformation Industry Recent Development:

In 2023, the UAE launched a guide for government entities to adopting artificial intelligence technology in their sectors such as transport, education, etc. to keep updated with the latest digital advancements.
In 2023, Tonomus partnered with Nvidia and Oracle to increase the adoption of artificial intelligence technologies across the NEOM and Saudi Arabia..

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Segmentation Analysis of GCC Digital Transformation Market

GCC Digital Transformation Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

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.

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 (Education, Transportation, etc.)

By Function

-Finance & Control

-Marketing & Sales

-Human Resource Management

-Production

-Operations & Logistics

-Customer Service & Support

-Others

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A Comprehensive 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

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About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.