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. According to MarkNtel Advisors Study.
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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GCC Digital Transformation Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Technology
- Artificial Intelligence- Market Size & Forecast 2019-2030, (USD Million)
- Cloud Computing- Market Size & Forecast 2019-2030, (USD Million)
- Internet of Things - Market Size & Forecast 2019-2030, (USD Million)
- Blockchain- Market Size & Forecast 2019-2030, (USD Million)
- Cybersecurity- Market Size & Forecast 2019-2030, (USD Million)
- Others (Robotics, Extended Reality, etc.) - Market Size & Forecast 2019-2030, (USD Million)
- 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 End User
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare- Market Size & Forecast 2019-2030, (USD Million)
- Retail - Market Size & Forecast 2019-2030, (USD Million)
- Government Sector- Market Size & Forecast 2019-2030, (USD Million)
- Energy - Market Size & Forecast 2019-2030, (USD Million)
- Telecommunication- Market Size & Forecast 2019-2030, (USD Million)
- Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
- Others (Education, Transportation, etc.) - Market Size & Forecast 2019-2030, (USD Million)
- By Function
- Finance & Control
- Marketing & Sales
- Human Resource Management
- Production
- Operations & Logistics
- Customer Service & Support
- Others
- By Country
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - 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 looking forward to strengthening their market positions.
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