UAE ICT market projected to reach $94.02 billion by 2031

  • ResearchAndMarkets.com added a report forecasting growth in the UAE ICT market through 2031.
  • The market is projected to rise from $57.61 billion in 2026 to $94.02 billion by 2031.
  • Nationwide 5G coverage reached approximately 99.5% of populated areas, while private adoption remains below 15%.

The UAE ICT market is projected to expand from $52.22 billion in 2025 and $57.61 billion in 2026 to $94.02 billion by 2031, representing a 10.29% compound annual growth rate from 2026 to 2031, according to a ResearchAndMarkets.com report added to its offering. Growth is being supported by nationwide digital transformation programs, cloud-first government policies, advanced telecommunications infrastructure and rising cybersecurity demand. The market covers IT hardware, software, services, infrastructure, cybersecurity and communications across public and private-sector industries, with cloud, on-premise and hybrid deployments all included. Approximately 99.5% of populated areas have nationwide 5G coverage, although private 5G adoption among factories and ports remains below 15%. Abu Dhabi's Digital Strategy allocates AED 13 billion, or about $3.54 billion, to digital transformation and aims to move 80% of government services to cloud platforms by 2027. Cybersecurity staffing demand exceeds the supply of certified professionals by approximately 30%, while mandatory 24-hour monitoring for critical infrastructure can cost mid-sized organizations more than AED 1 million, or about $272,000, annually. IT services represented 32.73% of the market in 2025, cybersecurity revenue is forecast to grow at an 11.11% CAGR, and small and medium-sized enterprises are expected to grow at a 12.04% CAGR. Large enterprises accounted for 62.84% of the market in 2025. The report also examines regulation, technology, competition, market opportunities and future outlook, with company profiles covering major telecommunications, cloud, software, consulting and cybersecurity providers.

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UAE ICT market projected to reach $94.02 billion by 2031 - CoinPost Terminal