USD 20.57 billion in Telecom Market Size In Middle East due to Continuous Technology Enhancements - 17,000+ Technavio Reports
NEW YORK, Aug. 26, 2022 /PRNewswire/ -- The "Telecom Market In Middle East Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the telecom market in the Middle East between 2021 and 2026 is USD 20.57 billion, as per the latest market analysis report by Technavio. Technavio categorizes the telecom market in the Middle East as a part of the global communications equipment market within the overall global information technology sector. The global communications equipment market will be driven by an increase in investments in the planning and development of new data centers and capacity expansion of existing facilities by the hyper scalers.
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Key Market Dynamics:
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Key Market Segment Highlights:
The telecom market in the Middle East report is segmented by transmission (wireless transmission and wireline transmission) and geography (Saudi Arabia, UAE, and the Rest of the Middle East).
Regional Opportunities: 39% of the market's growth will originate from the UAE during the forecast period. Saudi Arabia is the key market for telecom in UAE. Market growth in this region will be faster than the growth of the market in the rest of the Middle East region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
Revenue-generating Segment Highlights: The telecom market share growth in the Middle East by the wireless transmission segment will be significant during the forecast period. Several trends have changed the Middle East's telecom business during the last few years. The COVID-19 pandemic in the last 18 months did not have a significant impact on telecom revenues (a drop of less than 1%), but it proved the power and durability of telecom networks as they dealt with the unexpected rise in usage.
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The telecom market in Middle East is fragmented and the vendors are deploying growth strategies such as focusing on technology enhancement to compete in the market. This statistical study of the telecom market in Middle East encompasses successful business strategies deployed by the key vendors. The telecom market in Middle East forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. To make the most of the opportunities and recover from the post-pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by Transmission
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