USD 20.57 Bn growth in Telecom Market in the Middle East | Technology Enhancement to Boost Growth

NEW YORK, Feb. 7, 2022 /PRNewswire/ — The telecom market size in the Middle East is expected to increase by USD 20.57 billion between 2021 and 2026, accelerating at a CAGR of 3.25% during the forecast period. The market is expected to register a YOY growth of 1.80% in 2022. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Attractive Opportunities with Telecom Market in Middle East by Transmission and Geography – Forecast and Analysis 2022-2026

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Telecom Market in Middle East: Growth Drivers

The report identifies technology enhancement as one of the major factors driving the growth of the market. Technological advances in the telecom industry are helping businesses to reevaluate and reorganize their operations to compete in the market. For example, telecom companies are leveraging digital media channels to boost customer satisfaction and revenue. The adoption of the latest technologies is also enabling telecom service providers to track clients’ requirements and provide better services. Such developments are crucial in driving the growth of the market.

In addition, increase in global mobile data traffic and bandwidth requirements and growing investments in smart city projects will further accelerate the growth of the market. However, compatibility issues, rise in network attacks and online security threats, and data privacy and security concerns will reduce the growth potential in the market.

Telecom Market in Middle East: Segmentation Analysis

The Telecom Market in Middle East is segmented by transmission (wireless transmission and wireline transmission) and geography (Saudi Arabia, UAE, and the Rest of Middle East).

By transmission, the wireless transmission segment is expected to create significant revenue in the market during the forecast period. The rising demand for faster and more dependable communication technologies is driving the growth of the segment. In addition, the increasing deployment of 4G services and rising investments in 5G technologies will further fuel the growth of the segment.

This report also presents a detailed picture of the market growth across countries such as Saudi Arabia, UAE, and the Rest of Middle East by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters

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Telecom Market in Middle East: Companies Mentioned

The market is fragmented due to the presence of a number of regional and international players. Vendors are focusing on adopting various organic and inorganic strategies to stay competitive in the market. Technavio has identified Bahrain Telecommunications Co., Emirates Integrated Telecommunications Co., ETISALAT GROUP, Oman Telecommunications Co., Ooredoo Group, Orange SA, Saudi Telecom Co., VEON Ltd., Vodafone Group Plc, and Zain Group as key players based on their customer base, experience, product portfolio, geographical presence, R&D expenses, revenues, and volumes.

Bahrain Telecommunications Co.: The company offers telecom services such as fixed and wireless telecommunication services.

Emirates Integrated Telecommunications Co.: The company offers telecom services such as fixed and mobile telephony, and broadband connectivity services.

ETISALAT GROUP: The company offers telecom services such as Business First Plus and Business Xtreme.

Oman Telecommunications Co.: The company offers telecom services such as Hayyak.

Ooredoo Group: The company offers telecom services such as landline, mobile, cable television, and Internet connection service.

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Telecom Market in Middle East Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.25%

Market growth 2022-2026

USD 20.57 billion

Market structure

Fragmented

YoY growth (%)

1.80

Regional analysis

Saudi Arabia, UAE, and the Rest of Middle East

Performing market contribution

UAE at 39%

Key consumer countries

Saudi Arabia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bahrain Telecommunications Co., Emirates Integrated Telecommunications Co., ETISALAT GROUP, Oman Telecommunications Co., Ooredoo Group, Orange SA, Saudi Telecom Co., VEON Ltd., Vodafone Group Plc, and Zain Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
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Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio

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