Global Digital Health Revenue Will Increase by $200 Billion

Globally, the ‘digital health’ market will grow by close to 20% this year, which amounts to an increase of over $200 billion. While APAC and Africa are expected to see the fastest growth in this sector, North America will hold the largest share of the market.

via Technavio

Digital Transformation to Boost the Middle East Economy

Governments across the Middle East and Africa (MEA) spent a combined $12.8 billion on ICT last year, according to IDC. The analyst expects this figure to continue rising over the coming years at a compound annual growth rate (CAGR) of 4.8%, crossing the $15 billion mark by 2023.

via IDC

8 Top Stories from Davos 2019

“We’ve got the skills, we’ve got the technology, we should now have the courage to be ahead of the curve,” said South Africa’s President Cyril Ramaphosa. The technologies of the Fourth Industrial Revolution, such as AI and blockchain, would allow the continent to leapfrog ahead.

via World Economic Forum

IT Spending in EMEA will Reach $1 Trillion by 2018

Information technology (IT) investment within the Europe, Middle East and Africa (EMEA) region is on track to further growth.  IT spending in EMEA is forecast to reach $1 trillion in 2018 — that’s an increase of 4.9 percent from 2017, according to the latest market study by by Gartner.

Source: Digital Lifescapes

New Financial Services Digital Transformation is Led by FinTech

New research has uncovered data that suggests the FinTech sector in Africa is now poised for exponential and rapid growth that will challenge existing financial services providers, despite the fact that it’s in the early stages of adoption relative to the rest of the world.

Source: Digital Lifescapes

Digital Transformation Projects Adopted in Developing Markets

 

The Middle East and North Africa (MENA) digital transformation market was valued at $1,121.4 Million in 2015 and is forecast to reach at $2,791 Million by 2020, with a CAGR of 16.4%. With 31.2% market share in 2015, Saudi Arabia held the largest digital transformation market.

Source: Research and Markets

Why More Africans Must Get Connected to the Internet

Approximately 160 million people across the busiest transport route in East and Central Africa, the Northern Corridor, don’t have access to the internet. The effects can be felt across all areas of society, from the online resources children in classrooms don’t have access to, to the e-commerce opportunities African small businesses are missing out on.

Source: World Economic Forum

Why Africa Needs a Digital Revolution for Growth in 2016

Digital connectivity has the potential to do for Africa what railroads did for Western economies in the 19th century. The digital revolution is not just about communication. It is about recognizing that information is the currency of all economic activities.

Source: World Economic Forum

Growing Public Cloud Apps in the Middle East and North Africa

The public cloud computing market is maturing, across the globe. Public cloud services in the Middle East and North Africa (MENA) region is forecast to grow by 19.3 percent in 2016 to reach a total of $ 880 million — that’s up from an estimated $737 million in 2015, according to Gartner.

Source: Digital Lifescapes

How Micro-Finance Users will Reach 283 Million by 2020

Both micro-finance providers, and mobile carriers, are driving a surge in financial inclusion for the un-banked populace in developing nations, through the provision of sophisticated mobile finance services, according to Juniper Research.

Source: Digital Lifescapes