(MENAFN- America News Hour) Statistics
According to GSMA, the Mobile
Economy report, the adoption of smartphones is anticipated to rise from 52
percent in 2018 to 74 percent in 2025 in the Middle East and North Africa
(MENA) region.
CRIFAX added a report on 'Middle East and
Africa 3d Nand Flash Memory Market, 2019-2028' to its database of market research
collaterals consisting of overall market scenario with prevalent and future
growth prospects, among other growth strategies used by key players to stay
ahead of the game. Additionally, recent trends, mergers and acquisitions,
region-wise growth analysis along with challenges that are affecting the growth
of the market are also stated in the report.
The Middle
East and Africa 3d Nand Flash Memory Market is estimated to grow at a
moderate rate, owing to various factors driving the growth of the market in the
region such as prevalence of uneven growth rates that vary between nations and
also within each nation. The opportunities to grow in the region are immense,
considering the fact that only very few business have digital presence in the
region. The rise in oil prices and improved external demand is aiding the
growth of the market in the region. Investments in ICT infrastructure has been
high in some of the countries in the region such as Saudi Arabia, Qatar, Kuwait
and United Arab Emirates (UAE). The outsourcing sector in Egypt and Turkey is anticipated to create an
additional 80,000 jobs in each of these regions. The region also is home to
a significant young population that forms almost half of the population present
in the region. Growing literacy levels and improvements in average schooling is
anticipated to drive the growth of the market in the region over the forecast period.
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With mobile internet and cloud technology ranked
second in the order of those drivers for change during 2015-2020, the market is
anticipated to observe noticeable growth over the next few years. The MENA
region is estimated to attain better growth, owing to the presence of online talent
platforms which could prove beneficial by shifting the jobs which are informal
towards formal sector, which would improve the skills that are to be acquired
to perform their work. According to GSMA, the number of subscribers is
anticipated to grow from 64 percent in 2018 to 69 percent in 2025. Additionally,
the number of smartphone connections is predicted to rise from 54 percent in
2018 to 74 percent in 2025. The opportunity for improving skills and learning
new skills is comparatively better, as the population is comparatively a young
population which can adapt quickly to the new technologies that are being
introduced in the region.
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To provide better understanding of internal and
external marketing factors, the multi-dimensional analytical tools such as SWOT
and PESTEL analysis have been implemented in the Middle East and Africa Middle East and Africa 3d Nand Flash Memory
Market
report. Moreover, the report consists of market segmentation, CAGR (Compound
Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porter's five force model,
absolute $ opportunity and anticipated cost structure of the market.
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We offer wide range of unique marketing research solutions ranging from customized and syndicated research reports to consulting services, out of which, we update our syndicated research reports annually to make sure that they are modified according to the latest and ever-changing technology and industry insights. We offer our services across various sectors- Healthcare, IT & Telecommunications, and Energy & Power.
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