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Vibrant UAE telecom market to reach $16.8 billion

Vibrant UAE telecom market to reach $16.8 billion
22 Sep 2024 22:48

AMEINAH ALZEYOUDI (ABU DHABI)

The UAE telecom market is one of the most dynamic and growing markets in the Middle East region.

According to a report by Research and Markets, the market was valued at around $11.63 billion in 2023 and is expected to reach $16.80 billion by 2029 at a CAGR of 6.16%.

This growth reflects a significant development in the telecom sector, which includes data, voice and video transmission services across a variety of technologies.

The UAE telecom market includes a wide range of services, including telephony and internet access, as well as communications and broadcasting.

It includes major telecom companies "e& etisalat," "Du," in addition to network operators and satellite companies.

Infrastructure such as cell towers, fibre optic cables, and data centres also form the backbone of the telecom market.

These elements contribute to ensuring seamless communication between users.

The market is witnessing rapid development in technologies such as 5G and fiber optic networks, which contribute to improving performance and providing innovative services to users.

5G technology is a prominent example of this progress.

The UAE was one of the first countries in the region to launch 5G networks, which provided faster data speeds, lower response times, and significant improvements in connectivity.

The UAE government seeks to support this trend through strategic initiatives such as the "10X Initiative," which aims to position the UAE as a global leader in technological innovation.

It also reminds us that these initiatives enhance the environment conducive to the development of 5G technology, which encourages investment and cooperation between the public and private sectors.

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