Kuwait ICT Market was valued at USD 22.48 billion in the current year and is expected to register a CAGR of 9.84%, reaching USD 39.83 billion in five years. The government's robust focus on digital transformation initiatives and increasing demand for innovative technologies across various sectors drive the Kuwait ICT market.
The Kuwaiti ICT market is moderately fragmented despite the presence of significant players like Ooredoo, Zain, IBM Corporation, Huawei Technologies, and Cisco Systems. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
In June 2022, Zain, a mobile voice and data services provider in seven Middle Eastern and African markets, announced that it had finished the first live trial of the Open and Virtual Radio Access Network in Kuwait. Zain Kuwait's position on the global ICT map went up due to such innovative achievement, which was done with the help of Mavenir and Masiya.
In June 2022, ZainTech, the digital and ICT solutions arm of Zain Group, partnered with Atos, a global leader in digital transformation, to meet the growing needs of the B2B market in all of Zain's Middle East and North Africa (MENA) operations, starting with Kuwait. With the help of this partnership, businesses, governments, and communities in the MENA region could search for, monitor, contain, and respond to threats around the clock.ZainTech and Atos would also provide cloud knowledge and solutions to help organizations accelerate digital transformation and bring innovative and disruptive digital technologies to their industries.
In March 2022, during MWC 22, Ooredoo Kuwait, a member of the Ooredo Group, collaborated with Liga Data, their primary data partner. Ooredoo Kuwait has hired the expertise of Liga Data's data analytics professionals to assist with their data-driven initiatives and digital transformation projects. Moreover, Ooredoo Group is in twelve countries worldwide and is committed to further strengthening Kuwaiti society by collaborating with Liga Data.
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