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MENA Digital Transformation Market Worth USD 2,791 Million by 2020 - Analysis, Technologies & Forecasts Report 2016-2020 - Key Vendors: Accenture, CGI Group, CSC - Research and Markets

[July 11, 2016]

MENA Digital Transformation Market Worth USD 2,791 Million by 2020 - Analysis, Technologies & Forecasts Report 2016-2020 - Key Vendors: Accenture, CGI Group, CSC - Research and Markets

Research and Markets has announced the addition of the "MENA Digital Transformation Market Outlook 2021" report to their offering.

Digital Transformation is defined as the application of technology to profoundly enhance performance of enterprises and extend their reach to customers. To achieve this, executives from different industries are focusing on implementation of digital platforms including social media, analytics, mobility and smart devices in their organization. In addition to that, effort is also being laid on improving traditional systems such as Enterprise Resource Planning (ERP), with an aim of transforming internal process, value propositions and customer relationships.

The Middle East and North Africa (MENA) digital transformation market was valued at USD 1,121.4 Million in 2015 and is forecasted to reach at USD 2,791 Million by 2020, garnering a compound annual growth rate (CAGR) of 16.4%. With 31.2% share in 2015, Saudi Arabia hel the largest digital transformation market in the MENA region and is further forecasted to continue its dominance by the end of 2021.

Increasing e-government and smart city initiatives, growing internet penetration and social media usage, rapid adoption of digital services in BFSI sector and enterprise mobility are forecasted to be major growth drivers of MENA digital transformation marker over the forecast period i.e. 2015-2021.

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