MENA Smart City ICT Infrastructure Market: Current Analysis and Forecast (2023-2030)

Report Description

A smart city is an urban area that integrates advanced technologies and ICT solutions to improve the quality of life, enhance sustainability, and optimize the efficiency of various services such as transportation, energy management, healthcare, public safety, and more. The ICT infrastructure serves as the backbone of these smart cities, enabling the integration and efficient functioning of various smart systems and applications.

The MENA Smart City ICT Infrastructure Market is expected to grow at a strong CAGR of 24.33% during the forecast period 2023-2030. The MENA region has been witnessing significant growth in the deployment of smart city initiatives, supported by government initiatives and increasing urbanization. The market for Smart City ICT Infrastructure in MENA encompasses a wide range of components, including:

1. Networking Technologies: This includes communication networks such as wired and wireless infrastructure, fiber-optic networks, and 5G/6G technologies to connect various smart devices and systems.
2. Data Storage and Management: Smart cities generate massive amounts of data, and advanced data storage and management solutions are necessary to store, process, and analyze this data efficiently. This includes cloud computing, data centers, and edge computing technologies.

Some of the major players operating in the market include Cisco Systems, Ericsson AB, Honeywell International Inc., Huawei Technologies Co., Ltd., IBM Corporation, Microsoft Corporation, Nokia Corporation, Oracle Corporation, Schneider Electric SE, and Siemens AG.

Insights Presented in the Report

“Amongst product type, the smart grid segment to hold a dominant share of the market in 2022”

On the basis of product type, the market is segmented into Smart Grid, Smart Healthcare, Smart Education, Smart Transport, Smart Security, and Others. Smart grid segment led smart city ICT infrastructure market in 2022. As part of the broader smart city ICT infrastructure, smart grids facilitate the integration of renewable energy sources, electric vehicles, energy storage systems, and demand-side management techniques. They create a foundation for a sustainable, decentralized, and reliable energy ecosystem within smart cities. The growth of the smart grid segment can be attributed to various factors. Governments and city authorities worldwide are increasingly emphasizing the importance of sustainable energy and reducing carbon emissions. Smart grids play a vital role in achieving these objectives by enabling the integration of renewable energy sources and facilitating efficient energy management.

“Amongst application, the communication technology category to hold a dominant share of the market in 2022”

On the basis of application, the market is segmented into Communication Industry, Transportation Industry, Government, Education, and Others. Communication industry segment led smart city ICT infrastructure market in 2022. The communication industry segment encompasses telecommunications providers, network infrastructure providers, and other related service providers. With the increasing demand for advanced connectivity solutions, such as 5G networks, fiber-optic broadband, and wireless technologies, this segment has experienced significant growth. Smart cities rely heavily on robust communication networks to enable seamless data transfer, real-time monitoring, and efficient operations. These networks support various applications like smart transportation, public safety systems, energy management, waste management, and healthcare services.

“Saudi Arabia to grow with high CAGR during the forecast period.”

Saudi Arabia is leveraging IoT technologies to connect different devices, sensors, and systems. This enables the collection and analysis of real-time data for various services and facilities in smart cities, such as transportation, energy management, and waste management. Moreover, With the deployment of 5G networks, Saudi Arabia aims to enhance connectivity and enable faster data transfer within smart cities. This technology enables the seamless integration of various IoT devices and supports advanced services like autonomous vehicles, smart homes, and remote healthcare. Further, Saudi Arabia is implementing various smart transportation initiatives, including intelligent traffic management systems, smart parking solutions, and electric vehicle charging infrastructure. These enhance traffic flow, reduce congestion, and promote sustainable transportation options.

MENA Smart City ICT Infrastructure Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The MENA Smart City ICT Infrastructure market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the MENA Smart City ICT Infrastructure Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the MENA Smart City ICT Infrastructure market were the three major steps undertaken to create and analyze the adoption of MENA Smart City ICT Infrastructure in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the MENA Smart City ICT Infrastructure market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the MENA Smart City ICT Infrastructure market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the MENA Smart City ICT Infrastructure market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the MENA Smart City ICT Infrastructure market. Further, we conducted factor analysis using dependent and independent variables such as product type and application of the MENA Smart City ICT Infrastructure market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the MENA Smart City ICT Infrastructure market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA Smart City ICT Infrastructure market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the MENA Smart City ICT Infrastructure market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the MENA Smart City ICT Infrastructure market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Key Stakeholders of Smart City ICT Infrastructure Market in the MENA Region

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the MENA Smart City ICT Infrastructure market. The data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product type and application of the MENA Smart City ICT Infrastructure market.

The main objective of the MENA Smart City ICT Infrastructure Market Study

The current & future market trends of the MENA Smart City ICT Infrastructure market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional and country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the MENA Smart City ICT Infrastructure market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the product type and application
• Define and analysis of the regulatory framework for the MENA Smart City ICT Infrastructure industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the MENA Smart City ICT Infrastructure market for the major region
• Major countries of regions studied in the report include Saudi Arabia, UAE, Egypt, Iran, and the Rest of MENA
• Company profiles of the MENA Smart City ICT Infrastructure market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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