In 2020, the total number of private sector establishments in the United Arab Emirates (UAE) was approximately *** thousand. There was an increase of six establishments compared to the previous year.

United Arab Emirates Banks Credit: Gross: Residents: Private Sector: Insurance Companies data was reported at 2,046.000 AED mn in Sep 2018. This records an increase from the previous number of 1,942.000 AED mn for Aug 2018. United Arab Emirates Banks Credit: Gross: Residents: Private Sector: Insurance Companies data is updated monthly, averaging 1,260.500 AED mn from Dec 2013 (Median) to Sep 2018, with 50 observations. The data reached an all-time high of 2,046.000 AED mn in Sep 2018 and a record low of 1,068.000 AED mn in Mar 2017. United Arab Emirates Banks Credit: Gross: Residents: Private Sector: Insurance Companies data remains active status in CEIC and is reported by Central Bank of the United Arab Emirates. The data is categorized under Global Database’s United Arab Emirates – Table AE.KB005: Banks Credit.

In 2019, the construction sector accounted for the highest number of employed persons in the United Arab Emirates (UAE) at around **** million, followed by the wholesale and retail trade, repair of motor vehicles, motorcycles, and personal and household goods sector at around *** million.  The UAE economy  The UAE is one of the Middle East region’s largest economies. Its gross domestic product (GDP) was forecasted to reach around ** thousand U.S. dollars per capita in 2024. The service sector continued to account for the largest share of the GDP in 2019. Understanding the need to reduce reliance on revenues from petroleum and natural gas, the country has adopted plans to create a sustainable and diversified economy.  Housing sector future By 2022, the UAE was forecasted to have the second largest demand for housing units in the Gulf Cooperation Council. The growing construction of villas in the UAE has driven the growth of the smart homes market in recent years, which was also forecasted to continue growing by 2022.

The UAE Cloud Computing Market Report is Segmented by Service Model (Infrastructure-As-A-Service, Platform-As-A-Service, and More), Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Organisation Size (SMEs, Large Enterprises), End-User Industry (Banking Financial Services and Insurance, Government and Public Sector, Telecom and IT, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

As of 2024, ** percent of *** fintechs surveyed in the United Arab Emirates were operating in the payments, e wallets and remittances sector. The UAE has also invested heavily in blockchain technologies, and out of the surveyed companies, roughly *** percent were focused on blockchain and crypto services. UAE’s diverse fintech landscape The UAE has an extensive fintech market, home to the second highest number of fintechs in the MENA region. The country has become an attractive destination for startups to set up shop due to a variety of government initiatives and the country's high overall fintech readiness score, positioning it as a premier global fintech hub.
While payments currently dominate the country’s fintech sector, other industries are steadily emerging. Insurtech, for instance, which represents ***** percent of the fintech market and includes notable players like Bayzat. In addition to providing human resource and payroll SaaS solutions, Bayzat enables both individuals and businesses to purchase health insurance. The success of the sector can be attributed to government initiatives fostering startup growth and a regulatory environment that has adapted to accommodate fintech innovations.
A push to digitize Digitization has been a priority for many Gulf Cooperation Council countries, and the UAE is no exception. Similar to the broader GCC region, the UAE boasts one of the highest internet penetration rates and some of the fastest internet speeds globally, ****** powered by a robust fiber optic network. This strong digital infrastructure has enabled digital sectors like fintech to thrive. Government-led initiatives, such as the Smart City projects implemented in Dubai and Abu Dhabi, leverage digital connectivity to enhance public services and promote sustainable living. Additionally, the UAE has digitized many government services, making them more accessible to residents. Other nations in the region are adopting similar strategies, with smart city projects and e-governance forming key components of initiatives like Saudi Arabia’s Vision 2030. A combination of advanced telecommunications infrastructure, state-sponsored digitization policies, and a young, tech-savvy population is driving greater connectivity across the region.

United Arab Emirates Banks Credit: Gross: Residents: Private Sector: Business and Industrial Sector data was reported at 790,919.000 AED mn in Oct 2018. This records an increase from the previous number of 780,370.000 AED mn for Sep 2018. United Arab Emirates Banks Credit: Gross: Residents: Private Sector: Business and Industrial Sector data is updated monthly, averaging 717,635.350 AED mn from Dec 2013 (Median) to Oct 2018, with 51 observations. The data reached an all-time high of 790,919.000 AED mn in Oct 2018 and a record low of 560,723.000 AED mn in Dec 2013. United Arab Emirates Banks Credit: Gross: Residents: Private Sector: Business and Industrial Sector data remains active status in CEIC and is reported by Central Bank of the United Arab Emirates. The data is categorized under Global Database’s United Arab Emirates – Table AE.KB005: Banks Credit.

The UAE's digital transformation market, currently valued at approximately $0.99 billion (assuming this figure represents the 2025 market size for the UAE specifically, not the global market), is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) of 15.09% from 2025 to 2033. This robust expansion is fueled by several key drivers. The UAE government's strong commitment to digitalization, evident in initiatives like the UAE Vision 2021 and the Dubai 10X initiative, is a major catalyst. Furthermore, the burgeoning adoption of cloud computing and edge technologies across sectors like BFSI, telecom, and government is accelerating digital transformation. The increasing penetration of high-speed internet and the growing adoption of advanced technologies, including Artificial Intelligence (AI), Internet of Things (IoT), and Blockchain, are further propelling market growth. Furthermore, the nation's strategic location and its role as a regional hub for technology and innovation contribute to the overall market dynamism. The increasing focus on cybersecurity solutions, driven by the rising number of cyber threats, also contributes to the market's upward trajectory. However, factors like the high cost of implementation of digital solutions and the need for skilled IT professionals could present challenges to sustained growth. The market segmentation reveals a diverse landscape. Within the technology segments, cloud and edge computing, along with analytics, are currently major contributors, while extended reality (XR) and additive manufacturing are showing significant growth potential. In terms of end-user industries, the BFSI, telecom & IT, and government sectors are key adopters, driving the market forward. The projected market size for 2033 can be estimated by applying the CAGR. Given a 15.09% CAGR over 8 years (2025-2033), the market would be expected to substantially increase, highlighting the immense growth opportunity in this sector. This estimation requires a complex calculation based on compound interest principles but indicates considerable market expansion. Leading players like Microsoft, IBM, Amazon Web Services, and Accenture are actively participating in this transformation, providing solutions and driving innovation. The competitive landscape is dynamic, demanding continuous adaptation and innovation to maintain market share. Recent developments include: In February 2024, Ericsson, in collaboration with du, a subsidiary of Emirates Integrated Telecommunication Company (EITC), unveiled their strategic alliance. This partnership aimed to introduce Ericsson Private 5G Networks, an advanced wireless solution tailored to elevate services for the government and corporate segments in the UAE. Together, Ericsson and du pioneered sophisticated private 4G and 5G networks. It is designed to seamlessly integrate with the latest data-driven technologies, empowering UAE enterprises., In October 2023, Group-IB, a cybersecurity technology developer specializing in combatting digital crime, announced a significant signing of a memorandum of understanding with the United Arab Emirates Cyber Security Council. This agreement planned for a shared commitment to develop and share advanced technologies aimed at bolstering digital security. Additionally, it highlighted the UAE Cyber Security Council's and H. E. Dr. Al Kuwaiti's dedication to engaging with the private sector, fostering a robust cybersecurity environment, and ultimately ensuring the safety of the nation.. Key drivers for this market are: Increase in the adoption of big data analytics and other technologies in the country, The rapid proliferation of mobile devices and apps. Potential restraints include: Increase in the adoption of big data analytics and other technologies in the country, The rapid proliferation of mobile devices and apps. Notable trends are: Cloud and Edge Computing is Expected to Witness Growth.

The UAE's infrastructure sector is experiencing robust growth, driven by substantial government investments in mega-projects aimed at diversifying the economy and enhancing its global competitiveness. A 5% CAGR suggests a continuously expanding market, projected to reach significant value over the forecast period (2025-2033). Key drivers include the ongoing expansion of transportation networks (railways, roadways, airports), a focus on sustainable energy infrastructure (power generation and transmission), and the development of advanced telecommunications networks. The social infrastructure segment, encompassing schools, hospitals, and defense projects, also contributes significantly to market expansion, reflecting the government's commitment to improving the quality of life and national security. While specific market size figures for the UAE are not provided, considering the global CAGR of 5% and the significant investments in the region, a reasonable estimate would be a substantial market size (in the billions of USD) for 2025, scaling further in the following years. The growth is, however, likely subject to global economic fluctuations and potential supply chain disruptions. The sector's segmentation reveals diverse opportunities. The transportation infrastructure segment is likely the largest, given the ongoing development of transport hubs and expansion of existing networks. The extraction infrastructure (power, gas, telecoms) segment is also crucial, facilitating economic activity and supporting the nation's energy ambitions. Manufacturing infrastructure will likely grow alongside industrial diversification efforts. Competition is fierce, with both international giants like Bechtel and Fluor Corp, and local players like Al Futtaim Carillion and Arabtec Constructions vying for major contracts. The success of individual companies depends on their ability to secure government contracts, manage large-scale projects efficiently, and adapt to evolving technological advancements in the industry. Future market trends will likely include a stronger emphasis on sustainable and resilient infrastructure, the increased adoption of smart city technologies, and a focus on public-private partnerships to leverage private sector expertise and capital. Notable trends are: Demand for road infrastructure:.

The UAE Power EPC (Engineering, Procurement, and Construction) market is expected to grow from USD 7.5 billion in 2024 to USD 12.5 billion by 2034 at a 5.5% CAGR.

United Arab Emirates Value Traded: DFM: Shares: Private Joint Stock Companies data was reported at 1,291.601 AED th in Apr 2025. This records a decrease from the previous number of 2,826.603 AED th for Mar 2025. United Arab Emirates Value Traded: DFM: Shares: Private Joint Stock Companies data is updated monthly, averaging 23.662 AED th from Apr 2017 (Median) to Apr 2025, with 97 observations. The data reached an all-time high of 440,466.421 AED th in Dec 2017 and a record low of 0.000 AED th in Feb 2023. United Arab Emirates Value Traded: DFM: Shares: Private Joint Stock Companies data remains active status in CEIC and is reported by Dubai Financial Market. The data is categorized under Global Database’s United Arab Emirates – Table AE.Z018: Dubai Financial Market: Value Traded: by Sector.

United Arab Emirates GDP: Ajman: Government Services data was reported at 1,054.000 AED mn in 2014. This records an increase from the previous number of 1,025.000 AED mn for 2013. United Arab Emirates GDP: Ajman: Government Services data is updated yearly, averaging 782.000 AED mn from Dec 2001 (Median) to 2014, with 14 observations. The data reached an all-time high of 1,054.000 AED mn in 2014 and a record low of 303.000 AED mn in 2001. United Arab Emirates GDP: Ajman: Government Services data remains active status in CEIC and is reported by Federal Competitiveness and Statistics Authority. The data is categorized under Global Database’s United Arab Emirates – Table AE.A022: SNA 1993: GDP: by Industry: Current Price: Ajman.

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Digital Workplace Market Size 2025-2029

The digital workplace market size is forecast to increase by USD 709.24 billion at a CAGR of 51.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the reduced hardware costs for enterprises and the increasing adoption of Bring Your Own Device (BYOD) policies in Small and Medium-sized Enterprises (SMEs). These trends are transforming the way businesses operate, enabling greater flexibility and productivity. However, the market also faces challenges, particularly in the area of data privacy and security. As organizations adopt digital workplace solutions, ensuring the confidentiality, integrity, and availability of sensitive information becomes paramount. Failure to address these concerns effectively can result in reputational damage and financial losses. Companies seeking to capitalize on market opportunities and navigate challenges effectively must prioritize data security in their digital transformation initiatives.
By investing in robust security measures and implementing best practices, businesses can mitigate risks and build trust with their customers and employees. In summary, the market is characterized by cost savings, increased flexibility, and growing adoption, but also requires a strong focus on data privacy and security to thrive.

What will be the Size of the Digital Workplace Market during the forecast period?

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The market continues to evolve, with dynamics shaping its applications across various sectors. Digital literacy and employee empowerment are key drivers, necessitating change management in adopting new technologies. Virtual desktop infrastructure and productivity apps facilitate agile methodologies, while machine learning and workforce analytics enhance digital transformation. Instant messaging and collaboration tools foster communication, and unified communications streamline project management. Digital Signage and file sharing improve user experience, while user interface design ensures seamless integration. Augmented Reality And Virtual Reality offer innovative solutions, and cloud-based services enable enterprise mobility. Learning management systems and flexible work arrangements prioritize employee engagement and experience.
Security protocols and data privacy are essential considerations, with artificial intelligence and robotic process automation enhancing compliance regulations. Video Conferencing and remote work solutions enable work-life balance, ensuring a productive and efficient digital workspace strategy. The Internet of Things and compliance regulations further shape the market's ongoing evolution.

How is this Digital Workplace Industry segmented?

The digital workplace industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Solution
  Service


Application

  Large enterprises
  Small and medium enterprises


Deployment

  On-premise
  Cloud


Industry Application

  IT and telecom
  BFSI
  Healthcare and life sciences
  Government and public sector
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Component Insights

The solution segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth as businesses increasingly adopt technologies that enable employee empowerment and knowledge management. Change management plays a crucial role in implementing these solutions, ensuring a harmonious transition for the workforce. The digital workspace, encompassing virtual desktop infrastructure, file sharing, and cloud-based services, is a key area of investment. Machine learning and workforce analytics drive productivity and efficiency, while agile methodologies and digital transformation enable flexibility and adaptability. Employee engagement is a top priority, with productivity apps, instant messaging, and collaboration tools fostering a collaborative environment. Digital workplace strategy is guided by the Internet of Things and unified communications, enabling seamless interaction between employees, devices, and systems.

Augmented reality and digital signage offer immersive experiences, while project management tools ensure harmonious execution of projects. Robotic process automation, enterprise mobility, and learning management systems streamline processes and enhance digital literacy. Flexible work arrangements, work-life balance, and compliance regulations are addressed through digital solutions. Sec

The size of the United Arab Emirates Data Center market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 15.20% during the forecast period.This one of the growing sectors as there is a boost in data center demand by the country due to its increasing digitalization, government initiative, and strategic geographic location. In the United Arab Emirates, data centers offer critical infrastructures for business operations; they are there for data storage, processing, and transmission for smooth operations and digital transformation.The fact that the UAE is on the crossroads between Asia, Europe, and Africa places it at an important position connecting the three regions together. Such a strategic positioning has made the country quite attractive for multinational technology firms to set up data centers in the country with excellent telecommunication infrastructure and with a stable political climate in place.In return, the data center industry development in the UAE was a strong supporter of the government. Hence, it had, among other initiatives, the Dubai Data Initiative to position the Emirate City amongst the leading cities around the world in the digital network. This attracted high and massive investment into its data center infrastructure by international as well as local investors looking at market entries through the UAE.Due to its provision services in colocation, cloud computing, and managed services for diversified clientele with clients ranging from enterprises and the government to service providers, the data center market in UAE offers various service offers. The data center market will grow due to this reason since UAE continues embracing digital innovations in the future. In this regard, UAE will emerge as one of the major digital hubs in the middle eastern countries and the entire world moving much forward. Recent developments include: October 2022: The prominent network of hyperscale data centers in the Middle East and North Africa region, a joint venture between Khazna Data Centers, and Masdar and EDF have inked a deal to build a ground-mounted solar photovoltaic (PV) plant to power Khazna's new data center in Masdar City.October 2022: The company announced the development of DXB2 and DXB3 with a joint capacity of 43 MW of IT load. The DXB3 facility is an extension of an existing facility transferred to Khazna following the strategic partnership between G42 and e&.September 2022: A Memorandum of Understanding (MoU) between Khazna Data Centers Corporation and GDS IDC Services Pte Ltd. (GDS) has been signed to discuss ways to work together on the development of wholesale data centers throughout Greater China, Asia-Pacific (APAC), and the Middle East regions.. Key drivers for this market are: Increasing Need for Securing Confidential Data and Protection Against Data Loss, Growing Demand for Improving Archived Content across Channels; Ongoing efforts to promote Digitization at Workplaces. Potential restraints include: Transition from Legacy Systems Chips, Customization Challenges Leading to Implementation Issues. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

United Arab Emirates AE: Employment In Industry: Modeled ILO Estimate: Male: % of Male Employment data was reported at 43.306 % in 2017. This records an increase from the previous number of 39.566 % for 2016. United Arab Emirates AE: Employment In Industry: Modeled ILO Estimate: Male: % of Male Employment data is updated yearly, averaging 36.149 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 44.589 % in 2005 and a record low of 26.518 % in 2008. United Arab Emirates AE: Employment In Industry: Modeled ILO Estimate: Male: % of Male Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank: Employment and Unemployment. Employment is defined as persons of working age who were engaged in any activity to produce goods or provide services for pay or profit, whether at work during the reference period or not at work due to temporary absence from a job, or to working-time arrangement. The industry sector consists of mining and quarrying, manufacturing, construction, and public utilities (electricity, gas, and water), in accordance with divisions 2-5 (ISIC 2) or categories C-F (ISIC 3) or categories B-F (ISIC 4).; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

United Arab Emirates AE: Employment In Industry: Modeled ILO Estimate: Female: % of Female Employment data was reported at 6.808 % in 2017. This records an increase from the previous number of 4.378 % for 2016. United Arab Emirates AE: Employment In Industry: Modeled ILO Estimate: Female: % of Female Employment data is updated yearly, averaging 6.808 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 13.734 % in 1995 and a record low of 4.378 % in 2016. United Arab Emirates AE: Employment In Industry: Modeled ILO Estimate: Female: % of Female Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Employment and Unemployment. Employment is defined as persons of working age who were engaged in any activity to produce goods or provide services for pay or profit, whether at work during the reference period or not at work due to temporary absence from a job, or to working-time arrangement. The industry sector consists of mining and quarrying, manufacturing, construction, and public utilities (electricity, gas, and water), in accordance with divisions 2-5 (ISIC 2) or categories C-F (ISIC 3) or categories B-F (ISIC 4).; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

In 2019, the contribution of the real estate sector to the gross domestic product (GDP) of the emirate of Abu Dhabi reached around **** billion United Arab Emirates dirhams (AED), down from around ** billion AED in 2017. The total estimated GDP of the emirate for that year was about *** billion dirhams.

 The economy of Abu Dhabi 

The UAE is a federation comprising of seven emirates, the largest of which is Abu Dhabi. It makes up around three-quarters of the country’s total land area and is the center of the oil industry. By 2030, the emirate of Abu Dhabi was forecasted to have a population size of around *** million people. The country has been diversifying its economy to shift away from its reliance on the hydrocarbons sector. Following the same strategy, the Abu Dhabi government has adopted transformative steps to achieve a knowledge-based economy, making the emirate an attractive business environment. Moreover, Abu Dhabi’s strategic geographic location, highly developed infrastructure, in addition to access to energy sources have contributed to its integrated business environment. The market capitalization of the emirate in 2019 was almost double its value in 2010.

 The future of the real estate market  

The real estate sector has been one of the driving forces of the UAE’s economic growth over the past two decades. The total number of real estate enterprises in Abu Dhabi reached *** in 2017. However, the market conditions have been slowing down recently, with COVID-19 adding further instability. The UAE and Abu Dhabi authorities have taken initiatives aiming to support the economic recovery of the emirate for 2021.